Bank charges you for every service
Monday - January 27, 2020 3:51 pm ,
Category : WTN SPECIAL
Many types of charges being levied by the banks
You pay many types of charges to the bank throughout the year
JAN 27 (WTN) - It is natural that you must have an account with some bank. But do you know that you have to pay many types of charges to maintain an account in the bank? From public sector banks to private banks, they charge different types of charges from their consumers. As a bank account holder, it is very important for you to know what kind of charges the banks charge you. If you do not know what charges the banks collect from their consumers, then today we tell you about it in detail.
However, following an order from the Reserve Bank of India, the charges for transfer of funds through NEFT and RTGS have been completely removed and this rule has been fully effective from January 1 this year. But apart from NEFT and RTGS charges, there are many other types of charges which are charged from consumers for providing services by the bank. Let us know what kind of charges are being charged by the banks from their consumers.
First of all, you must keep a minimum balance in your bank account. If you don’t keep a minimum balance in your bank account, then the bank charges you some fine. Therefore, we advise you to keep a minimum balance in your bank account, so that you did not have to pay related charges. On the other hand, if you issue a checkbook with the bank, you still have to pay for it. Every bank charges its customers according to the checkbook pages.
Explain that if you want to close your bank account, then for your information, let us know that if you close your account within 6 months of opening the account, the bank will charge you for it. On the other hand, if you have not done any kind of transaction from your bank account for a certain period of time, then the bank can charge you for this also. Therefore, we advise you to periodically conduct transactions with your bank account.
At the same time, banks also charge debit and credit annually from their consumers. Also, to withdraw money from ATMs, you also have to pay annual fees to the bank. As we told you that the Reserve Bank has made the fund-transfer free through NEFT and RTGS, but for your information, let us know that in the country's largest bank State Bank of India, the fund transfer for the consumers through IMPS up to Rs 2 lakh only is free. If you transfer a fund of more than Rs 2 lakh, then you will have to pay a charge for it.
There are some rules for withdrawing money from ATMs. As per RBI guidelines, a consumer can withdraw cash from an ATM of another bank at a maximum of 5 times in a month without charging. But the bank charges you for withdrawing more than 5 times. As you know that the bank gives all the information about the account transaction of its account holder through an SMS. It is through these SMS that consumers get to know what transactions are happening through their account. But banks are charged a fixed amount from their consumers for transaction alert information.
On the other hand, if you transact cash from your home or non-home branch, then there is a charge for that. According to the information, different banks charge different charges according to the amount. That is if you have transacted more than a specified limit from home branch or non-home branch, then banks charge you. But this rule is only for a savings account. These are some common charges that are charged by the banks to their consumers, but different banks charge different charges from their consumers. In such a situation, you can rightly find out from your bank here how much they charge for which service?
JAN 27 (WTN) - It is natural that you must have an account with some bank. But do you know that you have to pay many types of charges to maintain an account in the bank? From public sector banks to private banks, they charge different types of charges from their consumers. As a bank account holder, it is very important for you to know what kind of charges the banks charge you. If you do not know what charges the banks collect from their consumers, then today we tell you about it in detail.
However, following an order from the Reserve Bank of India, the charges for transfer of funds through NEFT and RTGS have been completely removed and this rule has been fully effective from January 1 this year. But apart from NEFT and RTGS charges, there are many other types of charges which are charged from consumers for providing services by the bank. Let us know what kind of charges are being charged by the banks from their consumers.
First of all, you must keep a minimum balance in your bank account. If you don’t keep a minimum balance in your bank account, then the bank charges you some fine. Therefore, we advise you to keep a minimum balance in your bank account, so that you did not have to pay related charges. On the other hand, if you issue a checkbook with the bank, you still have to pay for it. Every bank charges its customers according to the checkbook pages.
Explain that if you want to close your bank account, then for your information, let us know that if you close your account within 6 months of opening the account, the bank will charge you for it. On the other hand, if you have not done any kind of transaction from your bank account for a certain period of time, then the bank can charge you for this also. Therefore, we advise you to periodically conduct transactions with your bank account.
At the same time, banks also charge debit and credit annually from their consumers. Also, to withdraw money from ATMs, you also have to pay annual fees to the bank. As we told you that the Reserve Bank has made the fund-transfer free through NEFT and RTGS, but for your information, let us know that in the country's largest bank State Bank of India, the fund transfer for the consumers through IMPS up to Rs 2 lakh only is free. If you transfer a fund of more than Rs 2 lakh, then you will have to pay a charge for it.
There are some rules for withdrawing money from ATMs. As per RBI guidelines, a consumer can withdraw cash from an ATM of another bank at a maximum of 5 times in a month without charging. But the bank charges you for withdrawing more than 5 times. As you know that the bank gives all the information about the account transaction of its account holder through an SMS. It is through these SMS that consumers get to know what transactions are happening through their account. But banks are charged a fixed amount from their consumers for transaction alert information.
On the other hand, if you transact cash from your home or non-home branch, then there is a charge for that. According to the information, different banks charge different charges according to the amount. That is if you have transacted more than a specified limit from home branch or non-home branch, then banks charge you. But this rule is only for a savings account. These are some common charges that are charged by the banks to their consumers, but different banks charge different charges from their consumers. In such a situation, you can rightly find out from your bank here how much they charge for which service?
