ICICI-HDFC required news for customers, banking became expensive, know where the charge increased

News India Live, Digital Desk: If your bank account is in big private banks like ICICI or HDFC, then this news is going to have a direct impact on your pocket. From July 1, these banks have increased the charges levied on many of their essential services, which means that you will now have to pay more money for banking services.

Let us know which services have been increased.

Where is the charge increased?

1. withdraw money from ATM:
Now after the free limit, withdrawing cash from ATM has become even more expensive. Banks have increased the fee per transaction.

2. Checkbook (Cheque Book):
The checkbook which you used to get for free earlier or whose certain number was free, can now be charged. After a limit, you have to pay extra money for every check leaf.

3. IMPS and online transfer:
Even after transferring money online, your pocket can now be loose. Banks have also revised the fees on transactions through IMPS (Imidiet Payment Service).

4. Penalty for not keeping minimum balance (minimum balance):
If you are not able to keep the minimum balance fixed in your savings account, then you may have to pay more fine than before.

5. Credit Card and Debit Card:
Late payment fees incurred on not paying credit card bills on time have also been increased. Apart from this, the annual fee of debit cards has also been increased.

Why increased charge?
Banks say that they are taking these steps to meet their increasing operational costs and to provide better digital facilities to customers.

What should you do?
As a conscious customer, you must go to your bank’s official website and look at the full list of new charge. To avoid wasteful expenses, make a plan of your banking transactions in advance and do transactions within the free limit as far as possible.

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