Gagan Ltd. invited applications for 45,000 equity shares of Rs 10 each at a premium of Rs 4. The company received an application of 15,000 in excess. The amount payable is as follows: on application Rs 7 (including premium of Rs 2), on allotment Rs 3 (including premium of Rs 1), balance on the first and final call. One shareholder Megha who applied for 600 shares failed to pay allotment and first and final call money.

Amount of Securities Premium to be debited at the time of forfeiture of shares?