Kisan Mitra

Fees & Charges - Kisan Mitra Loan

The Kisan Mitra facility is offered by Axis Bank as part of its Rural Banking Initiatives. The Kisan Mitra offers financing for the working capital, capital expenditure and non-fund based requirement of the borrowers. The Kisan Mitra fees and charges are minimal and completely transparent. You can find the Kisan Mitra fees and the Kisan Mitra charges listed below.

Applicable schedule of charges and Penal Interest for B2B R & MSME Businesses of Bharat Enterprises (w.e.f 1st April 2023)

Sr. No.

Services

Applicable Charges

Applicability and collection method

Account Statement Issuance Charges

Daily / Weekly / Monthly by e-mail

No charge

Manually

Adhoc statement from any branch.

Rs. 100 per statement

Non Refundable Login Fees

Rs. 5000 + Applicable taxes

Manually

Processing Charges

NTB / Enhancements

0.75 % + Taxes

Manually (Not applicable for FDOD facility – ODSS, ODFDB & CA2OD

Renewal

0.50 % + Taxes

iii

Extension of currency of limit without detailed appraisal (Where account could not be renewed in time due to delayed submission of data by the borrower, the charge is to be recovered for continuing the advance and for extension of currency of limits).

0.50% + Taxes for the period the currency of limit is extended from the date of expiry of the limit

Account Service Charges (ASC)– Only Performing Assets (Annually per account and to be debited centrally during October/November month)

Sanctioned limits upto Rs.0.25 lakhs

No charges

Centrally by Ru&IB Dept. Manually (Not applicable for FDOD facility – ODSS, ODFDB & CA2OD)

Sanctioned limits above Rs.0.25 lakh and upto Rs.1.00 lakh

Rs 300.00.

iii

Sanctioned limits above Rs.1.00 lakhs and upto Rs.3.00 lakh

Rs 600.00.

Sanctioned limits above Rs. 3.00 lakhs and upto Rs.10.00 lakh

Rs. 800.00.

Sanctioned limits above Rs. 10.00 lakhs and upto Rs.100.00 lakhs

Rs. 2000.00.

Sanctioned limits above Rs. 100.00 lakhs

Rs. 4000.00.

Issuance of opinion report

Sanction limit upto Rs. 0.25 lakhs

No charge

Manually

Sanction Limits above Rs. 0.25 lakhs and upto Rs. 25.00 lakhs

Rs. 250 per report

iii

Sanction Limits above Rs. 25.00 lakhs

Rs. 500 per report

Documentation Charges In case of Simple/Registered Mortgage/Equitable Mortgage

Sanctioned Limit

In case charge not to be registered with CERSAI

In case charge is to be registered with CERSAI

Manually (Not applicable for FDOD facility – ODSS, ODFDB & CA2OD)

Sanction Limits upto Rs. 1 lakh

Nil

Sanction Limits above Rs. 1 lakh and upto Rs. 5 lakhs

Nil

Rs. 1,000

Sanction Limits above Rs. 5 lakhs and upto Rs. 25 lakhs

Nil

Rs. 1,500

Sanction Limits above Rs. 25 lakhs and upto Rs. 100 lakhs

Rs. 1,500

Rs. 3,000

Sanction Limits above Rs. 100 lakhs

Rs. 3,500

Extension of existing mortgage

For securing the enhanced limits / fresh limits sanctioned to the borrower

50% of relevant slab of charges

Manually (Not applicable for FDOD facility – ODSS, ODFDB & CA2OD)

For securing the enhanced limits / fresh limits sanctioned to a 3rd party

50% of relevant slab of charges

Substitution of title deeds

100% of relevant slab of charges.

Manually

The out of pocket expenses (such as stamp duty, legal charges, valuation charges, ROC filing charges, etc. wherever applicable) to be recovered separately. Legal/collection/repossession and incidental charges and those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer

Signature Verification

Per application / letter

Rs. 50/-

Manually

Enquiry related to old records more than 1 year old

Per item

Rs. 200/-

Manually

Issuance of No Dues Certificate

Per certificate (duplicate)

Rs. 50/- or as per State law

Manually

Penal Interest

Delay / non-submission of stock / book-debts statements.

6% per annum on the outstanding amount in fund based working capital credit facilities from the date of default.

System Driven – Not applicable for FDOD program

Non-payment of interest / installment on due date / non-adherence to sanction terms & conditions

6% per annum on the amount of overdue installment / interest / charges /drawings over limit / DP.

System Driven

Iii

Expiry of working capital limits

6% per annum on the outstanding amount of Fund-Based credit facilities.

System Driven

Cash Transactions

Home & Non Home Branch Cash Deposits

Free limit

Free limit of Rs. 12 lacs per month for B2B R & MSME Product

System Driven

Charges above free limit

Rs. 3 per thousand (min Rs. 50/-)

Annual Maintenance Charges for fund based working capital accounts– Only Performing Assets
(Yearly per borrower and to be debited centrally in April month)

Sanction Limits upto Rs. 0.25 lakh

No Charge

Centrally by Ru&IB Dept. (Not applicable for FDOD facility – ODSS, ODFDB & CA2OD)

Sanction Limits above Rs. 0.25 lakh and upto Rs. 1 lakh

Rs. 250

iii

Sanction Limits above Rs. 1 lakh and upto Rs. 5 lakhs

Rs. 500

Sanction Limits above Rs. 5 lakhs and upto Rs. 10 lakhs

Rs. 1000

Sanction Limits above Rs. 10 lakhs and upto Rs. 25 lakhs

Rs. 2500

Sanction Limits above Rs. 25 lakhs and upto Rs. 100 lakhs

Rs. 3500

vii

Sanction Limits above Rs. 100 lakhs and upto Rs. 300 lakhs

Rs. 5000

* Not applicable for Commodity Product

NEFT & RTGS Transactions

NEFT Outside Axis Bank

Upto Rs. 0.10 lakh – Rs. 2.50 per transaction. Above Rs. 0.10 lakh to Rs. 1.00 lakh – Rs. 5.00 per transaction. Above Rs 1.00 lakh to Rs 2.00 lakhs – Rs. 15.00 per transaction Above Rs. 2.00 Lakhs – Rs.25.00 per transaction.

System Driven

RTGS Outside Axis Bank

Rs. 1 lakh to Rs. 2.00 lakhs - Nil Above Rs 2.00 lakhs to Rs 5.00 lakhs - Rs. 25.00 per transaction. Above Rs 5.00 lakhs – Rs. 50.00 per transaction

Prepayment / Foreclosure Charges

For CC / OD facility: - No foreclosure charges on floating &/or fixed rate loans if loan is closed from Own Funds. If loans are closed from borrowed funds, then foreclosure charge of 2% (plus taxes) will apply on Sanction Limit.
For Term loans - No foreclosure charges on floating&/or fixed rate loans if loan is closed from Own Funds. If loans are closed from borrowed funds, then foreclosure charge of 2% (plus taxes) will apply on Principal Outstanding amount.

Not applicable for FDOD, ECLGS & NFB facility

Miscellaneous System driven/Manual Charges – Retail Agri

Sr. No.	Services	Charges
1	CHEQUE BOOK CHARGES
(i)	Per leaf	First 100 leaves free (for new borrowal account) and thereafter Rs 2/- per leaf
2	CHEQUE RETURN CHARGES
(i)	Inward Return Charges	Rs 500/- per cheque
(ii)	Outward Return Charges	Rs 100/- per cheque
3	STOP PAYMENT
(i)	Per instrument	Rs 50/- per instrument
(ii)	Per Series	Rs 100/- per series, per instruction
4	REMITTANCE – DEMAND DRAFT/PAYORDER
(i)	Issue of Payorder	15 pay-order free per day: above that Rs 50/- per pay order
(ii)	Issue of Demand Draft (Payable at Axis Bank Locations)	15 demand drafts free per day: above that Rs 50/- per DD
5	Issuance of Solvency Certificate (To be collected manually)
(i)	Solvency Certificate for value of Rs 1.00 lakh	Rs 750.00
(ii)	Solvency Certificate for value of over Rs 1.00 lakh but upto Rs 10 lakhs	Rs 1500.00
(iii)	Solvency Certificate for value of over Rs 10 lakhs but upto Rs 25 lakhs	Rs 3000.00
(iv)	Solvency Certificate for value of over Rs 25 lakhs but upto Rs 50 lakhs	Rs 7500.00
(v)	Solvency Certificate for value of over Rs 50 lakhs but upto Rs 1.00 crore	Rs 10000.00
(vi)	Solvency Certificate for value above Rs 1.00 crore	Rs 15000.00
6	Issuance of Solvency Certificate (To be collected manually)
	Prevailing Schedule of Charges for Trade & Forex Transaction as circulated by WPB team will continue to be applicable for Bharat Banking customers as well
* Tax to be levied as per applicable rate.
Click here for Trade & Forex Schedule of Charges Applicable Taxes- are applicable (if apply) subject to eligibility of particular Charges. Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
"Axis Bank will convey its decision (within 2 weeks for credit limit up to Rs. 5 lakh and within 3 weeks for credit limit above Rs. 5 lakh and up to Rs. 25 lakh for Micro & Small enterprises borrowers) and (within 30 working days for other borrowers) from the date of receipt of the application provided the application is complete in all respects and is submitted along with all the documents as per 'check list' provided in the application for loan and/or any additional documents as may be required by the bank for proper appraisal of the application. The computation of timelines shall start from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank."

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Important Links

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