Pre payment charges on cc limit by yes bank

Navneet Singhal (Querist) 16 July 2018 This query is : Resolved
I am having a proprietorship firm registered with MSME. I have a limit of 1.4 cr (1 crore fund base and 40 lac non-fund base) by Yes Bank. I wants to change my bank from Yes Bank to HDFC Bank. For this bank is charging 2% pre-payment charges. At the time of opening bank account with CC limit facility in the year 2013, my limit was 55 lacs. My sanctioned letter was issued in 2013, 2% pre-payment penalty clause was mentioned on 55 lacs, after that limit renewed every year. Now bank is asking for- closure charges on whole amount of 1.4cr. I have heard about new circular from RBI, if any firm is MSME registered firm, no pre-payment charges applicable ?? Kindly help me with a solution so that i can change my bank and gets my property papers back from bank.

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