Tuesday, September 21, 2021
Home Politics Banks To Charge For Withdrawals And Deposits From November 1; Details Here

Banks To Charge For Withdrawals And Deposits From November 1; Details Here

- Advertisement -

New Delhi: The bank account holders will have to pay fees for deposit and withdrawal of money beyond prescribed limitations, according to new banking regulations.

According to reports, Bank of Baroda will start to charge it’s customers for transactions beyond the limitations from November 1, 2020.

The Bank of Baroda has set up separate fees for current account, cash credit and deposit withdrawal from the savings account.

While other banks such as Bank of India, Punjab National Bank, Central Bank and Axis Bank are yet to take any decision on this matter.

As per reports, the first three withdrawals in a month will be free, but for further transactions, the bank will charge a flat fee of Rs. 150 for a loan account.

Also for the savings account, deposits three times a month wil be free but, after that Rs 40 will be levied on each further transaction.

However, the account holders of Jan Dhan Yojna will not have to pay Any deposit but will have to pay Rs 100 for withdrawal. Also, the banks have not given any relief to senior citizens.

For CC, Current and Overdraft accounts

Day deposit up to one lakh – free
If there is more than one lakh – one rupee charge on minimum one thousand rupees (minimum 50 rupees and maximum 20 thousand rupees)
Withdrawing money thrice in a month – No charge
From 4th time – Rs. 150 withdrawal each

For Savings Account Customers

Deposit up to three times – free
Will have to pay from 2nd time – Rs 40 each time
3 times money withdrawal in a month – no fee
The fourth time, and beyond withdrawal – 100 rupees each transaction
No exemption for senior citizens. They also have to pay a fee

Also, November is a month full of festivals and holidays so banks will also remain closed for 15 days.

- Advertisement -
- Advertisement -
Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read

Bhavai Will Always Remain Close To My Heart: Pratik Gandhi

Mumbai: Pratik Gandhi (of Scam 1992 fame)-starrer Bhavai has hit the right note ever since the launch of the teaser and trailer. The performance,...
- Advertisement -

Our Fight Is Against Talibanisation Of West Bengal: New State BJP Chief Takes Dig At TMC

Kolkata: Newly-appointed West Bengal BJP chief Sukanta Mazumdar on Tuesday termed the ruling TMC as Taliban and emphasised on his party's relentless mission to...

Kangana Ranaut Bats For Ram Rajya…Check It Out

Mumbai: Kangana Ranaut is never the one to be reluctant to speak her mind and heart and when it comes to her ideologies, the...

Navjot Singh Sidhu Gets What He Wanted, But Now Acid Test Begins

Chandigarh: Punjab Pradesh Congress President Navjot Singh Sidhu is on the job and he means it. Soon after 'spearheading' his endeavour to foist one of...
Related News

Bhavai Will Always Remain Close To My Heart: Pratik Gandhi

Mumbai: Pratik Gandhi (of Scam 1992 fame)-starrer Bhavai has hit the right note ever since the launch of the teaser and trailer. The performance,...

Our Fight Is Against Talibanisation Of West Bengal: New State BJP Chief Takes Dig At TMC

Kolkata: Newly-appointed West Bengal BJP chief Sukanta Mazumdar on Tuesday termed the ruling TMC as Taliban and emphasised on his party's relentless mission to...

Kangana Ranaut Bats For Ram Rajya…Check It Out

Mumbai: Kangana Ranaut is never the one to be reluctant to speak her mind and heart and when it comes to her ideologies, the...

Navjot Singh Sidhu Gets What He Wanted, But Now Acid Test Begins

Chandigarh: Punjab Pradesh Congress President Navjot Singh Sidhu is on the job and he means it. Soon after 'spearheading' his endeavour to foist one of...

Shun Dowry If You Want Admission In Calicut University

Calicut: If you are aspiring to pursue higher education in the Calicut University, make sure you eradicate all thoughts of giving or taking dowry. According...
- Advertisement -

75 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here