Amid Corona crisis, four big banks of the country made changes in the rules of the transaction, the new system implemented


Kotak Mahindra Bank customers (savings and corporate salary account holders) will now have to pay an ATM charge of Rs 20 on cash withdrawal every month after five free transactions.

In the midst of the Corona crisis, the country’s four major banks will charge customers for banking transactions. This arrangement of banks has come into effect from August 1, 2020. These four banks include Axis Bank, Bank of Maharashtra, Kotak mahindra and RBL.

Axis Bank customers will have to pay Rs 25 per ECS transaction, whereas earlier this facility was absolutely free from the bank. At the same time, more lockers will have to be charged on access. Apart from this, Axis Bank has decided that cash handling fees will be collected per bundle.

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