This is totally looting the cutsomers now. Because anyways all banks have reduced the saving interest rate . Plus they get cheque bounce amount as well now days . They earn huge money in loans if they give properly, then their would not be much NPA and thier profit would also be high.
Now with this transaction fee they are set to get extra bonus in their profits
Topic: Axis, HDFC, ICICI banks will charge Rs.150 per transaction after 4 transaction - page 2. (Read 2931 times)
March 06, 2017, 07:32:39 AM
March 04, 2017, 08:58:40 AM
Every bank irrespective of private or Govt. owned they all care for themselves only. They are for earning profit. Sooner or later Govt owned banks may join train.
March 03, 2017, 10:11:04 AM
dude these are private banks al they care for is themselves 
March 02, 2017, 07:46:07 AM
This is very unreasonable increase but one should remember that banks also need money to run their businesses and these money come from customers.
It should also be remembered that "While a transaction of Rs 25,000
from a non-home branch won't
cost you a penny, anything above
Rs 25,000 will be charged Rs 5
per thousand or a minimal
amount of Rs 150 once and for
all. The tax and cess will be
applicable on this amount as
well.
At a home branch , if the
cumulative cash (deposit and
withdrawal) exceed Rs 2 lakh, a
transaction charge of Rs 5 per
thousand rupees or Rs 150 (plus
tax and cess) will be levied."
It should also be remembered that "While a transaction of Rs 25,000
from a non-home branch won't
cost you a penny, anything above
Rs 25,000 will be charged Rs 5
per thousand or a minimal
amount of Rs 150 once and for
all. The tax and cess will be
applicable on this amount as
well.
At a home branch , if the
cumulative cash (deposit and
withdrawal) exceed Rs 2 lakh, a
transaction charge of Rs 5 per
thousand rupees or Rs 150 (plus
tax and cess) will be levied."
With current scenario, it doesn't look like banks understand this very clearly. This move in fact will drive cash oriented economy more as people will find banks are not trustworthy anymore. If things keep happening like this then it is not far when people will start keeping cash at their own disposal. These banks need to understand that required infrastructure for digital economy is not is place. And responsibility from the banks is missing about making digital payment consistent.
March 02, 2017, 05:39:24 AM
This is very unreasonable increase but one should remember that banks also need money to run their businesses and these money come from customers.
It should also be remembered that "While a transaction of Rs 25,000
from a non-home branch won't
cost you a penny, anything above
Rs 25,000 will be charged Rs 5
per thousand or a minimal
amount of Rs 150 once and for
all. The tax and cess will be
applicable on this amount as
well.
At a home branch , if the
cumulative cash (deposit and
withdrawal) exceed Rs 2 lakh, a
transaction charge of Rs 5 per
thousand rupees or Rs 150 (plus
tax and cess) will be levied."
It should also be remembered that "While a transaction of Rs 25,000
from a non-home branch won't
cost you a penny, anything above
Rs 25,000 will be charged Rs 5
per thousand or a minimal
amount of Rs 150 once and for
all. The tax and cess will be
applicable on this amount as
well.
At a home branch , if the
cumulative cash (deposit and
withdrawal) exceed Rs 2 lakh, a
transaction charge of Rs 5 per
thousand rupees or Rs 150 (plus
tax and cess) will be levied."
March 02, 2017, 01:40:47 AM
In a shocking move, many banks like axis, hdfc, icici have decided to charge 150 per transaction beyond 4 transaction per month effective from today. These transaction charges are for cash deposits and withdrawals beyond four free transactions in a month.
These charges are applicable for saving as well as salary account as well. Some are terming this move as curbing cash transaction and promote digital transaction. For more information check:
http://www.thehindu.com/business/Industry/Axis-Bank-HDFC-Bank-ICICI-Bank-to-charge-Rs.-150-for-cash-transactions/article17392291.ece?homepage=true
I personally think this move is forcing people to stay away from banks and keep the cash at home. In a way it may help some bitcoin-literate people to use more and more bitcoin-oriented transaction.
These charges are applicable for saving as well as salary account as well. Some are terming this move as curbing cash transaction and promote digital transaction. For more information check:
http://www.thehindu.com/business/Industry/Axis-Bank-HDFC-Bank-ICICI-Bank-to-charge-Rs.-150-for-cash-transactions/article17392291.ece?homepage=true
I personally think this move is forcing people to stay away from banks and keep the cash at home. In a way it may help some bitcoin-literate people to use more and more bitcoin-oriented transaction.
Jump to: