Friday, March 3, 2017

Opposing Anti Consumer Practices of banks.

Recently HDFC, ICICI and Axis Bank have introduced transaction fee for deposits and withdrawal from saving bank accounts. SBI and other banks soon will be charging the same.

It is unethical business practices of the banks charging fee for deposits and withdrawal of cash from your own account. The banks say that it is to discourage the citizens from cash transactions. If that is the case so then why fee being charged for cashless transactions? Where is the cashless economy?

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