Cash deposit charges for HDFC, SBI and Axis
"Deposit 10 Rupees 100 times to your enemy's account. Every 4th time he will be charged 150 Rs by the bank. You lose Rs. 1,000 but he will lose Rs. 13,400 😝😝😝.
Yours faithfully – Indian Banks" Found this on some random page lol
I feel post demonetization, Banks are earning even more.
Now that banks are earning 4-10% on the money they have, Why introduce more charges on even “depositing” the money?
I don’t want that “for promoting digitalization” this is not promoting, this is forcing and charging customer on everything.
Customers are left at the will and mercy of the banks, I don’t understand why RBI would allow such thing.
We already pay god knows how many taxes on every rupee we earn/spend. Totally disappointed with the banking system.
Yours faithfully – Indian Banks" Found this on some random page lol
Did some searching and found SBI is better of the other
private banks:
HDFC ->
150+ 15% Tax = 172.5 per transaction :(
SBI
-> 50 + 15% Tax = 57.5 per transaction
Axis
bank went ahead to charge each ATM transaction also after 4 transaction in
month at 150Rs WTF.
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Before demonetization
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After demonetization
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Interest on Fixed deposit
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Home Loan/Personal Loan
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Interest on Fixed deposit
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Home Loan/Personal Loan
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9% for normal 5 year FD
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10%/12-15%
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4.25-5% for 5 Year
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8.5%/12%-15%
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Earning
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2-6%
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Earning
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4-10% wow
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*The above rates are more or less similar for all banks
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Now that banks are earning 4-10% on the money they have, Why introduce more charges on even “depositing” the money?
I don’t want that “for promoting digitalization” this is not promoting, this is forcing and charging customer on everything.
Customers are left at the will and mercy of the banks, I don’t understand why RBI would allow such thing.
We already pay god knows how many taxes on every rupee we earn/spend. Totally disappointed with the banking system.
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