The Hindu·3 min read·medium
What are the various charges banks collect from customers | Explained
T
T.C.A. Sharad Raghavan
✦AI Summary
Public sector banks in India have significantly increased charges for services like debit card maintenance and ATM usage. Data from the Ministry of Finance shows a sharp rise in revenue collected from these fees over the last few years.
The story so far: Both public sector and private banks have been charging customers fees for various services they provide, such as the use of debit cards, ATM facilities, and account maintenance charges. While some of these charges have now been withdrawn, especially by public sector banks (PSBs), some others have seen an increase over the years.
economybusiness
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