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PolicyWala Fan
Balance inquiry to be included in free ATM transactions
Currently, customers are allowed a limited number of free transactions, generally five, for cash withdrawal and other financial transactions from other bank ATMs, while there is no cap on number of free non-financial transactions like balance inquiry, PIN change and mini statement. These free transactions would be available to only the savings bank account holders.
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PolicyWala Newbie
HDFC Bank would charge Rs. 20 per financial transaction such as cash withdrawal beyond five free ones. It would charge Rs. 8.50 for every non-financial transaction such as balance inquiry, PIN change and mini statement after the five free transactions a month.
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PolicyWala Newbie
Banks find ways to charge money by various methods like - duplicate statement etc. Above one is the new way to charge more from customers.
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