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Banks to be Costlier; A Big Blow to Aam Aadmi

Banks to be Costlier; A Big Blow to Common Man

There may also be a fee for free services on the works done by the branches of the banks.A�From January 20, all government and private sector banks are preparing to charge for all the services offered in the branches which are free till now.

New Delhi: ThereA�may also be a fee for free services on the works done by the branches of banks.A�From January 20, all government and private sector banks are preparing to charge for all the services offered in the branches which are free till now.A�However, the fee will be reviewed for some features.A�These facilities include facilities like withdrawal, depositing, changing mobile number, KYC, address change, net banking and application for check book.

Transaction Fees
In addition to the branch having your account, you have to pay a separate charge to get the service from the other branch of the bank.A�In addition to the fees, GST will also look.A�For this, the bank will not charge you separately, but the fee will be deducted from your account.

Account holders will feel
that internal orders have been received for new charges. According to sources, all the banks adhere to RBI’s instructions.A�According to the rules, the board of the concerned bank decides the charges for all services.A�The final decision is taken after approval of the board.A�With this move of banks, all account holders across the country will be affected.A�However, bankers have said this step correctly.A�They say that if the account holder takes banking services from any branch other than his home branch, then the fee should be charged.

Boosting Online Banking
According to an official associated with the bank, this step will lead to online banking.A�This will also check the check and demand draft.A�Passbook updates and money transactions from ATM and Kiosk machines can also be made free of charge.

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