Withdraw Bank Transaction charges in India

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Post demonetization of Rs 500 and Rs 1000 Notes, Banks have got lots of accounts to handle. Eventually this raises the number of visitors to the Bank, ATM users and money transfer through Cheques. 

Banks are aware of this and now have started imposing transaction and withdrawal limits. This in a way surmounts to literally blackmailing the people of India for heeding to the " Go Digital" way envisaged by Government of India. 

I also ask why should I pay to banks when I withdraw money in my account. Now Itself people are charged for ATM Card fees annually and every transaction is also charged either to the Merchant or card holder and charges vary on the Individual Bank Policy.

The whole process of restricting the Transactions and charging every transaction is illegal and should be banned in total by Government of India, RBI.



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