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| A | Irregularities in Term loan and CCOD facilities to be applied by the system | Penal Charges |
|---|---|---|
| 1 | Installment in loans remaining overdue for the period of delay | 2.00% p.a. |
| 2 | Non-renewal of working capital Limit on due date | 2.00% p.a. |
| 3 | Non submission of stock statement after 10th of subsequent month. In case of consortium, timelines can be decided on case-to-case basis as approved by sanctioning committee. | 2.00% p.a. |
| 4 | Overdrawing in Cash Credit/Overdraft account/ excess over drawing power. | 2.00% p.a. |
| 5 | Bills discounted, overdue for payment | 2.00% p.a. |
| B | Any other Non-compliance of Terms of sanction other than above to be recovered manually by branch | Penal Charges |
|---|---|---|
| Commercial | 1.75% p.a. | |
| Retail | 1.50% p.a. |
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DNS Bank
Hi, How can we help you ?