• <input id="8wm4i"></input>
    <menu id="8wm4i"></menu>
  • <menu id="8wm4i"></menu>
    You are here: Home » Finance ? News ? Banks
    Business Standard

    Banks to charge for deposits & withdrawals, Cong says 'Kamar Tod Tohfa'

    Customers in some banks will now have to start paying fees for deposit and withdrawal of money.

    Topics
    Indian banking sector | Congress

    IANS  |  New Delhi 

    banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance

    Customers in some will now have to start paying fees for deposit and withdrawal of money.

    As per reports, Bank of Baroda will start charging its customers for transactions beyond the prescribed limits from November 1.

    Names of other like Bank of India, PNB, Axis Bank and Central Bank are also emerging in reports, but they are yet to take a final call on the matter.

    Tagging the report, General Secretary Randeep Singh Surjewala attacked the Centre and called the latest move a "Kamar Tod Tohfa" of the government.

    As per reports, some of these transaction charges will kick in from November 1.

    It is being said that withdrawals three times in a month will be free but after that a withdrawal transaction charge will be levied at a flat fee of Rs 150.

    Similarly, deposits three times in a month will be free but thereafter a charge of Rs 40 will be levied on each transaction.

    "Modi Sarkar ka naya kamar tod tohfa. Ab jhud ka paisa bank mein jama karwane aur nikalwane par bhi bank karenge vasooli (now one's own money will be charged for deposits and withdrawals by banks)," Surjewala said.

    --IANS

    san/arm

    Dear Reader,


    Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
    We, however, have a request.

    As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

    Support quality journalism and subscribe to Business Standard.

    Digital Editor

    First Published: Sat, October 31 2020. 23:14 IST
    RECOMMENDED FOR YOU
    .
    白小姐四肖必选一肖管家婆