Flash news for everyone from today all banks including HDFC Bank, ICICI Bank,AXIS Bank started levying(charges)of Rs.150 per transaction for cash deposits and withdrawal beyond 4 free transactions in a month. The charge will be apply for salary accounts and savings accounts. This process varies from one bank to another.In case of the
There will be no charge for first four transactions from next transaction i.e.., fifth transaction on wards you will be charge of Rs.150. The charge will be apply for salary accounts and savings accounts and privileged customers are free from these rules. The charge is only applicable only on cash transactions at non-home branches of ICICI. It defines all the branches in the city where an account was opened.
Axis bank has clarified that it does not differentiate between home & non-home branches,it will charge Rs 5 per thousand or Rs.150 whichever is higher from the fifth cash transaction on wards on your savings accounts. They also declared that there will be no change in the transaction fee structure for AXIS BANK.
First four transaction's are free and for and the next that means fifth transaction will be charged Rs.150. While transaction of Rs.25,000 from a non-home branch won't cost you but anything above 25,000 will be charged Rs.5 per thousand or minimal amount of Rs.150 once for all. At home branch if the deposit and withdrawal exceed Rs 2 lakh , and more than that will be levied. According to HDFC Bank,there will be no charge or tax for minors and senior citizens up to amount of Rs 25,000 per day. If third party transactions is above Rs 25,000 won't be allowed. Only a transaction up to Rs 25,000 with Rs 150 charge will be accepted.