The Hindu·5 min read·medium
Customers are paying more for having debit cards, maintaining low balance in accounts
T
T.C.A. Sharad Raghavan
✦AI Summary
Data from the Indian Ministry of Finance reveals that costs for maintaining bank accounts and owning debit cards have risen significantly for customers. Public sector banks have seen a nearly 90% increase in debit card maintenance charges over the last five years.
Having a bank account in India and owning a debit card are becoming increasingly expensive for customers, data presented by the government to Parliament shows.
economybusiness
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