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Bank Account Charges: In today’s time, almost every person has a bank account. Some people get salary in their account every month while others get business earnings, pension or government scheme money. At the same time, there is no transaction in the account of some people. The increasing use of digital banking and UPI has made banking much easier than before. Things like transferring money from home, withdrawing cash from ATM and checking balance from mobile have now become very easy.

Some charges are also collected from your account by the bank. Often people come to know that the bank is charging something when a message comes on the mobile and the account balance appears less than expected. Let us know why the charge is levied by the bank.

In many Savings Accounts, a certain minimum balance is not maintained by the bank, due to which the bank deducts money from your account. If the customer maintains less than the prescribed balance then the bank will charge its charges, which is the policy of the bank. Therefore, if you do not want to get charged from your account, then you should maintain minimum balance.

Every bank’s service of withdrawing money from an ATM is free for a few times, but if you withdraw money from the ATM several times in a month, especially from any other bank, then your bank may charge you for this. If seen, here not only cash withdrawal, but in some situations ATM transactions like balance enquiry, can also be counted as per the applicable rules of your bank.

After getting a debit card, many customers forget that an annual fee may also be applicable on the card facility. If you use a bank’s debit card, then your debit card fee will also be charged by the bank. However, this happens annually. If you have not availed the card facility then you will not have to pay this charge.