Chapter-3 

Chapter-3  Punishment
15. Punishment :

(1) If a person commits any offense specified under Clause (a), (b) or (c) of Section 3, Section 4 or Section 11, such person shall be punished with a fine up to Rupees Ten thousand, depending upon the degree of the offense committed.
(2) If anyone commits any offense specified under Section 5, 6 or Clause (d), (e), (f), (g) or (h) of Section 7 or Section 8,9,10,12 or Section 14, he/she shall be punished with fine and imprisonment as stipulated under on the basis of the claimed amount, after recovering the claimed amount, if any and depending upon the degree of the offense committed.

(3) If anyone commits any offense specified under Clause (a), (b), (c) of Section 7 or Section 13, he/she shall be punished with a fine equivalent to the  value of such collateral security and an imprisonment up to a period of five years, depending upon the degree of the offense committed and the Adjudicating Officer may, depending upon the degree of the offense, issue an order restricting such valuer not to carry out the valuation works up to a period of three years from the date of completion of the punishment.
(a) If the claimed amount is up to one million rupees  Imprisonment up to one year
(b) If the claimed suit amount is above one million rupees and up to five million rupees Imprisonment from one year to two years
(c) If the claimed amount is above Five million rupees and up to Ten million rupees  Imprisonment from two years to three years
(d) If the claimed amount is above Ten million rupees with whatever amount Imprisonment from three years to five years
(4) In case the suit amount cannot be established in accordance with this Section, he/she shall be punished with a fine up to Rupees one million and an
imprisonment up to two years.
(5) In case any organization commits any offense specified under this Act and if the concerned office bearer or the employee committing such offense be
identified, he/she shall be held liable, if the office bearer or the employee could not be identified, the person working in the capacity of the organization head at
the time of the occurrence of the offense shall be held liable.
(6) The person or organization attempting to commit a banking offense or the person or organization indirectly involved in committing such offense or the person assisting in committing such offense or the employees or the Chief Executive Officer or Office bearer of such assisting organization shall be punished with a half of the punishment that the offender may be subjected to.

16. Punishment to the Persons Creating Hindrance :

If any one creates hindrance/obstacle in the investigation and inquiry proceedings undertaken under this Act, the adjudicating officer may punish him/her with an
imprisonment up to six months or a fine up to five thousand rupees or both based on the report of the Officer involving in Investigation and inquiry.