New Delhi. Online services charges are shocking the bank by increasing the charge of online services. Banks are gradually increasing the fees on services. Government and private banks of the country have announced several new service charges, which will be applicable from the coming days. SBI has announced new fees conditions for credit card users, which will be applicable from November 1.
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These changes will affect foreign exchange transactions, convenience bill payment and education transactions. According to SBI, now paying a fee of 3.5 percent for spending abroad or online payment in foreign currency. This fee will apply to all the rest except the Oorm, Elite, Prime NRI safe cards. Whereas on some other category cards, this fee has been kept from 1.99 percent to three percent. Now 99 fees will have to be paid on products or vouchers purchased from reward points. However, the oral card will not be charged.
HDFC Bank will charge fee for depositing money at night
At the same time, HDFC Bank will charge an additional fee of Rs 50 per transaction for all accounts on cash deposited in cash recycler machines (CRM) between 11 am and 7 am. These rates will be applicable from November 1.
Increasing such fees
On May 1 this year, banks imposed a fee of Rs 23 on every additional transaction after the free border. Earlier it was 21 rupees. Banks also increased the fees on transactions through IMPS in July.
Charged on low balance
– Government banks recovered Rs 8932.98 crore from the minimum balance rule in the last five years.
In August, ICICI Bank had increased the limit of minimum balance on new savings accounts to 50 thousand rupees. On catching the fire, it was made 15 thousand rupees.
SBI fee
– Payment of more than 50 thousand of electricity, phone, gas etc. will be charged with one percent fee.
-Paying college, school fees from a third-party app or website will levy one percent fee.
– This fee will not apply to the payment made directly to the school or college
– Applying more than one thousand to a digital wallet with credit card will levy one percent fee.
On paying rent, 199 processing fee will have to be paid on every transaction.
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