If you want to avoid the banks’ charge, then adopt these ways, your advantage will be
To avoid the bank’s charge, you can use several methods, know about them
style = “text-align: justify;”> New Delhi (Business Desk). The country’s leading banks offer free ATM transactions, checkbooks and debit cards free of cost to the customers holding minimum balance in bank accounts for a limit. For this, the bank may have to pay the last five years of tax. In such a situation, he could start charging customers. These banks include State Bank of India, HDFC, ICICI Bank, Axis Bank and Kotak Mahindra Bank.How can you avoid the charges of the bank:
Use netbanking except for checks. Every extra checkbook is charged. You can transfer funds free of charge through NetBanking. By doing this, you can save 20 to 150 rupees per check book.
Make a payment on time for credit card bills. Higher interest rates appear on the outbound amount. On payment of the bill on time, you can save 39 to 42 percent annually as interest. Let me tell you that a delay of three days can be charged up to Rs. 750.
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Take advantage of Auto Debit Route for card bills. Instruct your bank to deduct five per cent of the credit card bill from the account of Auto Debit on every debt day. With this you can avoid heavy penalties. By doing this, you can save up to 42 percent from 39 percent which can be charged on unpaid amount.
Sign up for Bill Pay services. Utility companies (electricity, water etc.) take a penalty on delayed payment. Can give standings instructions to your bank to ensure that the bill is paid on time. The penalties on this can range from 40 rupees to 100 rupees.
Demand for duplicate statement on email Banks charge for duplicate physical statements or passbooks. You can save up to 100 rupees on this.
Avoid cash transactions from bank branches. Banks offer 3 to 4 four free cash transactions from branches in one month. With this you can save up to 50 rupees to 150 rupees per transaction.
Maintain a minimum balance in your account at all times. Doing so imposes non-maintenance charges. This can save you from 10 rupees to 600 rupees.
Do not issue checks in case of insufficient balance. Dissolving the check not only charges but also a punishable offense under the Negotiable Instruments Act. With this, you can save 500 rupees and Rs. 750 per check.
Do not withdraw money from credit card. Along with interest the issuer charges the transaction fee B. 2.5 percent of the withdrawal amount or 300 rupees to 500 rupees can be saved.
Sign up for Bill Pay services. Utility companies (electricity, water etc.) take a penalty on delayed payment. Can give standings instructions to your bank to ensure that the bill is paid on time. The penalties on this can range from 40 rupees to 100 rupees.
Demand for duplicate statement on email Banks charge for duplicate physical statements or passbooks. You can save up to 100 rupees on this.
Avoid cash transactions from bank branches. Banks offer 3 to 4 four free cash transactions from branches in one month. With this you can save up to 50 rupees to 150 rupees per transaction.
Maintain a minimum balance in your account at all times. Doing so imposes non-maintenance charges. This can save you from 10 rupees to 600 rupees.
Do not issue checks in case of insufficient balance. Dissolving the check not only charges but also a punishable offense under the Negotiable Instruments Act. With this, you can save 500 rupees and Rs. 750 per check.
Do not withdraw money from credit card. Along with interest the issuer charges the transaction fee B. 2.5 percent of the withdrawal amount or 300 rupees to 500 rupees can be saved.