Posts

Showing posts with the label Consumerism

Banks curtail use of third-party ATMs, put limit

This another charge that is being reintroduced. If one has to limit number of transactions at an ATM, at the branch to avoid unnecessary and unreasonable chrges levyed by banks then there is no meaning for on demand or online transactions. Some more charges are in waiting. Surprisingly RBI agreed to these charges. Banks curtail use of third-party ATMs, put limit Shared via AddThis

Unfair Bank Charges

Recently while applying for a visa to Israel I had to submit a 3 months attested statement of accounts of a bank. So I fired the print from my net banking facility and took the print out to the private bank which is nearby with a hope that I can get back to office within 5 minutes. At the bank, I was asked to fill in a form and was told that it would cost me 59 rupees to get it attested. “Excuse me what for these charges are?” I inquired the bank executive across the counter, “by the way I have my salary account here”, thought I could get a waiver of the charges. “Sill you would be charged sir” she replied, “These charges are towards verification of your signature and for attestation”. 59 rupees just for verification and attestation?!! Since I was in a rush, I said, “OK then please debit my account accordingly”. This triggered to me to think more about the bank charges. I had requested the bank executive to give me the list of all charges levied by the bank that includes duplicate sta...