After the changes in the rules, customers will have to pay a charge for depositing their money in banks and withdrawing. It has started with Bank of Baroda.
From depositing money in the bank to withdrawing, free banking service is going to end now. From November 1, a charge will be levied on both these services in the bank. After the changes in the rules, customers will have to pay a charge for depositing their money in banks and withdrawing. It has started with Bank of Baroda. Bank of India, PNB, Axis and Central Bank can also take a decision in this matter soon. However, this charge will have to be paid only after banking beyond the prescribed limit.
Which accounts will be charged
Bank of Baroda has fixed charges for depositing and withdrawing current account, cash credit limit and overdraft account. Separate charges for deposit withdrawals have been fixed in Savings Bank Account. From next month, the customer will have to pay a charge of Rs 150 each time he withdraws money from the account after three times in a month.
It will be free to deposit money only for three times.
Savings account customers will be free to deposit money up to three times, but if the money is deposited in the account for the fourth time, then you will have to pay 40 rupees as charge. Banks have not given any relief even for senior citizens. However, Jan Dhan account holders will not have to pay any fee for depositing the money, but will have to pay a charge of 100 rupees for withdrawal.
What account will be charged?
Cash Credit Limit, Current Account and Overdraft Account Holder will be given the facility for depositing up to one lakh rupees per day. But for depositing more money than this, banks will charge. For depositing more than one lakh of account holders, one rupee will have to be charged for every one thousand rupees. The minimum limit for this is 50 and the maximum limit is 20 thousand rupees. If the cash is withdrawn thrice a month from the credit limit, current account and overdraft accounts, no charge will be levied. On withdrawal for the fourth time, every transaction will be charged 150 rupees.
How much charge on savings bank account?
Savings bank account depositing up to 3 times will be free for the account holders. From the fourth time, every time you have to pay 40 rupees on deposit. For withdrawal, 3 transactions per month will be free on every account. On the fourth transaction, customers will be charged a charge of 100 rupees each time.
