Savings Account Charges: If you also have an account in these private sector banks, then know in advance about the changes from next month. Banks are going to change the charges of savings account. The names of ICICI Bank and Yes Bank are included in this list.
Latest Savings Account Charges: There are going to be many changes in many big banks of the country from May 1. If you also have an account in these private sector banks, then know in advance about the changes coming from next month. Banks are going to change the charges of savings account. The names of ICICI Bank and Yes Bank are included in this list. At the same time, Axis Bank had changed the charges on April 1 itself.
Yes Bank and ICICI Bank have decided to change the savings account service charges from May 1. Apart from this, both the banks have also decided to close selected accounts.
ICICI Bank’s charges will change
ICICI Bank has decided to revise the charges for some facilities including check book, IMPS, ECS/NACH debit returns, stop payment charges and others. According to the website of ICICI Bank, these changes will come into effect from May 1, 2024.
These charges will change
ICICI Bank has changed the annual fees of debit card. From 1st, customers in urban areas will have to pay an annual fee of Rs 200 and customers in rural areas will have to pay Rs 99. Apart from this, if the customer issues more than 25 cheques, then he will have to pay a charge of Rs 4 per cheque. If DD or PO is canceled or duplicate revalidated, Rs 100 will have to be paid. Talking about IMPS transaction, you will have to pay a charge of Rs 2.50 per transaction for an amount of Rs 1000. Customers will have to pay a fee of Rs 500 on ECS/NACH debit card returns for financial reasons.
Yes Bank will also change the rules
Private sector Yes Bank is also going to make changes in many services of savings account from May 1. The bank is revising its minimum average balance (AMB). Savings Account Pro Max will require an AMB of Rs 50,000, while the maximum charge has been fixed at Rs 1,000. Whereas, Savings Account Pro Plus, Yes Essence Savings Account, and Yes Respect Savings Account will require an AMB of Rs 25,000, where the maximum charge will be Rs 750. Axis Bank had also changed the charges of savings and salary accounts. Let us tell you that Axis Bank has changed the rules from April 1, 2024.
