New rules of ICICI-Axis Bank; Banks to levy charges on deposit & Withdrawal

These private banks said that henceforth, you may have to pay fees for depositing funds in non-business hours and on holidays, from cash recyclers and cash deposit machines.

Yogita S.

Yogita S.By Yogita S.

Published on 3 Nov 2020 8:17 AM GMT

New rules of ICICI-Axis Bank; Banks to levy charges on deposit & Withdrawal
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New Delhi: ICICI Bank and Axis Bank have dealt a major blow to their bank customers. These private banks said that henceforth, you may have to pay fees for depositing funds in non-business hours and on holidays with cash recyclers and cash deposit machines.

Extra Charges on money deposit:

According to the report reported, now if the bank customers use the machine for depositing cash recyclers and cash deposits in addition to the holiday day or the time of the bank, then customers will be charged Rs 50 as convenience fee.

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Convenience Fee on holidays:

According to the notification issued by the bank, ICICI Bank (ICICI Bank) will charg 50 rupees as a convenience fee from 6 pm to 8 am on holiday days and working days.

According to the reported report, these banks stated that no such charge will be levied on Senior Citizens, Basic Savings Bank Accounts, Jan Dhan Accounts, Disabled and Visually Impaired Accounts and Students (Students) Accounts.

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Bank Transactions:

Also according to these reports, Bank of Baroda has also started paying fees to its customers for transactions beyond the prescribed limit from 1 November. Further, the bank said that it will now be free to withdraw cash from current account / overdraft / CC through base branch, local non-base branch and outstation branch 3 times in a month. At the same time, for the fourth time, there will be a charge or fee of Rs 150 per transaction.

Apart from this, the cash handling charge for the current account / overdraft / cash credit / other accounts in the base and local non-base branches from November 1 will be more than Rs 1 lakh per account per day, Rs 1 per 1000 for depositing the amount.

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Yogita S.

Yogita S.

Media Graduate, News Editor and PR Enthusiast.

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