Banks will now have to pay fees for depositing and withdrawing their money. Bob has also started it. Banking beyond the prescribed limit from next month will attract a separate fee. Bank of India, PNB, Axis and Central Bank will also take a decision on this soon.
Bank of Baroda has set separate fees for current account, cash credit limit and deposit withdrawal from overdraft account and deposit withdrawal from savings account. After three times in a month for a loan account, you will have to pay 150 rupees each time. It is free to deposit thrice in a savings account, but if deposited for the fourth time, you will have to pay 40 rupees. Banks have not provided any relief to senior citizens.
This way the pocket will be loose
For CC, current and overdraft accounts
1-day deposit up to one lakh – free
2- If there is more than one lakh – one rupee charge on a thousand rupees (minimum Rs 50 and maximum Rs 20 thousand)
3- Withdrawing money thrice in a month – No charge
From 4th time – Rs. 150 withdrawal each
For Savings Account Customers
Deposit up to three times – free
Will have to pay from 2nd time – Rs 40 each time
3-Monthly Withdraw Money from Account – No Charge
4 – The fourth time to withdraw money – 100 rupees every time
5-Senior citizens will not get any exemption. They also have to pay a fee
6-Jan Dhan account holders will not pay any fee on depositing but will have to pay 100 rupees on withdrawal.
Banks imposed such charges secretly
Banks have levied such charges on customers to compensate for losses that have never been taken. In the name of folio charge, banks earn big money. 25-30 years ago, customers used to record the details of transactions in the bank register, which was called a folio. In those times, when the amount of money was handed over to the folios by hand, the banks did not charge any fee from the customers. Today, in the digital era, software makes automatic folios, then banks are charging folio charges from customers. At the same time, even if rejected, the bank deducts some amount in the name of processing charge.
1-Laser Folio Charge: Rs 200 per page (CC or OD charged on any loan.)
2-Checkbook charge: 3 to 5 rupees per leaf (on second checkbook)
3-If the check is returned for any reason: Rs 225
4- Charge on small loan: up to a maximum of 15 thousand rupees.