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Arjun Arjun (Querist) 06 February 2016 This query is : Resolved
Dear Sir,
I availed a loan from Bank of Baroda of Rs.24000/-,pledging 3 National saving certificates.Bank charged total Rs.401 as stamp charges(Declaration cum under taking- Rs.200/-,Letter for Pledge of security-Rs.200/- and D P Note-Rs.1/-).But,when I availed another loan(home loan) of Rs.15 lakhs from the same bank's another branch,stamp charge was just Rs.400/-.Kindly reply whether the stamp charges,collected by the bank,are excess or not.
Thanking you,
Yours faithfully,
V V Anoopkumar

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Raj Kumar Makkad (Expert) 07 February 2016
It shall be better to get this procedural question from bankers only. This is not a legal query requiring our intervention. Evey bank has its own procedure.

Rajendra K Goyal (Expert) 07 February 2016
Stamp fee is charged on the nature of document as per state act. Generally for term loan DP) note is not taken. Loan payable on demand is covered by DP note attracting 1/- stamp fee.

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