Notes

Notes

 

  1. GST and other taxes as applicable will be levied over and above the fee indicated, which will be charged upon submission
  2. Classification: What is a Company/ Other Commercial entity/ Individual?
    1. Company is defined as entity incorporated under the Companies Act or any regulated financial creditor for the purpose of Registration
    2. Other Commercial entity covers partnership, proprietorship, a society, a trust, club, Association of Persons or borrowing categorized for business purpose
    3. Individuals are persons that borrow for individual need of housing, vehicle, personal, educational or other loans to individuals.
    4. For the purpose of chargeability of fee for Financial Creditor Service, borrower classification as per PAN of the primary borrower will apply.
  3. The meaning of “Year”:
    1. “Year” means anniversary period from the date of submission of each loan record identified by a Unique Debt Identifier (UDI). For example, if a loan record of a borrower is submitted on 15th of June, 2018, the fee charged for submission will cover each year period upto 14th June, 2019. Renewal fee will apply from 15th June, 2019 and so on.
    2. Document charges will follow the same year definition that applies to its corresponding loan record, which has been uploaded.
  4. Digital E-Stamping transaction fee is as per actuals. Currently it is Rs. 7/- per document for stamping under Stockholding (SHCIL).
  5. Increase in Authentication charges will be passed on to the submitter/User as per changes made by the service provider.
  6. Authentication of documents using Aadhaar E-sign – when done by the principal borrower charges are included in the fees; when done by other parties to the borrowing it will attract charges of Rs 5/- for individual loans.
  7. Fee mentioned does not cover Stamp Duty amount (where applicable) which will be the actuals to be paid by the user
  8. The Annual Renewal fee will apply to all loan records of non-individuals, wherever applicable.
  9. Documents to be executed will be as permissible under IBC or as permitted by respective state government for digital e-stamping
  10. IU will always store the audit trail of the document execution on NeSL DDE platform
  11. Customization charges for installation of software will be Rs 7500/- per person-day
  12. The contents and the stamp duty assessed and paid for the document under the Digital Document Execution (DDE) process  is the responsibility of the parties executing the document and onus of proving the ascertainment of stamp duty and the article under which the stamp duty is paid lies with the executants and NeSL neither hold any responsibility nor confirms the ascertainment of  stamp duty and article under which the stamp duty is  paid against this document
  13. Any increase will take effect from 3 months from the date of notification of the new fee structure

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