Auction Charges ranges from Rs.500 to 1000 based on the loan amount as mentioned below.
Particulars | Charge per pledge(Including tax) |
Printing & Stationary | 6.00 |
Advertisement Charges | 160.00 |
Transportation | 44.00 |
Insurance | 25.00 |
Charges paid to auctioneer | 35.00 |
Postage( Each Instance) | 30.00 |
Expense incurred for sorting,litting,and other auction related work | 160.00 |
Total Auction Charges | Rs.460 |
Gold Processing Charge | |
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At the time of Loan Settlement | Rs. 10/- * (Rupees Ten only) |
Penal charges | 2% p.a. after loan tenure |
- Ordinary and Registered letter charges are Rs.5/- and Rs.30/- Respectively.
- Cheque sending charge to auction surplus customers is Rs.50/-
- Delivery of statement of account - Nil within 30 days of closure.
Rs.25/- after 30 days of closure. - Form K settlement charges - Rs.75/- for first instance.
Rs.100/- for Subsequent instance.
Stamp duty is being collected in Rajasthan and Karnataka states for fresh pledge is as
follows;
State / Loan Amount | Stamp Duty |
Rajasthan | 0.325% of the loan amount + applicable Surcharge |
Karnataka : 1 Lakh and above | 0.5% of the loan amount |