Transaction charges on banking sector..
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If bank is going to charge Rs. 150 for transacting own hard earned cash, why should someone deposit it in a system called bank? Day by day the ROI in SB Account, FD or Recurring, banks are paying less interest and on top of that a new circular has levid of transaction charges. People will start thinking of own safety lockers at home or someplace, to keep their money in safe.
A day will come when we will have to pay a charge to bank to keep our money in banks account as we pay for locker facility now a days.
How come different different banks charges differently that means rule is not imposed by RBI. Without RBI consent can any bank whether Private or Govt imposed such rule. I have no idea... If I am wrong please correct me..
Humble request to our honourable Prime minister to take action against on it and withdraw such implementation.
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