Bank Account Hidden Charges: We all open bank accounts to manage our money. Keeping money in a bank account not only keeps it safe but also earns interest. Therefore, today every person has his own bank account. Some people open accounts in different banks. But do you know that your bank silently deducts many types of charges and we are not even aware of it.
If you ever notice, you will find that at the end of the month, ₹20, ₹50 or ₹100 silently disappears from your account? But we do not pay much attention to this. This amount may seem small, but in this way thousands of your rupees go to the banks for free every year. So, today in this article we are telling you about some such silent charges, which are often deducted by banks-
Minimum balance of Penalty Embark
This is a charge that all banks impose on their customers. You must have noticed that whenever you open an account, you will have to maintain a minimum balance in it. If for some reason your minimum balance is less then the bank imposes a heavy penalty on you. Therefore, keep checking your minimum balance from time to time and try to maintain it. If you are not able to maintain the balance, then switch your account to a zero balance account.
sms alert charge
According to the guidelines of the Reserve Bank, it is necessary to send transaction alerts to banks, but this facility is not completely free. In return, banks charge ₹15 to ₹25 every quarter. This amount sounds small, but this is how banks earn crores of rupees from their lakhs of customers.
card of annual fees
Banks provide you debit card facility. Some people also use credit cards. Generally people think that debit cards are absolutely free. In fact, banks deduct ₹150 to ₹500 from your account every year in the name of debit card membership. However, if you use a premium card, the fees may be even higher.
atm transaction of limit charge
Although the facility of withdrawing money from ATM is free but it is not completely free. Banks give you a free limit for ATM transactions. But when you cross that limit, you have to pay up to ₹21$ GST. Generally people think that there is a limit only for withdrawing money from ATM. Whereas the surprising thing is that not only withdrawing money, checking balance or taking out mini statement is also counted as ATM transaction.
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