Register your complaints against bank charges!
Send email to your bank, Prime Minister, Finance Minister and RBI Governor demanding bank charges should be scrapped.
बैंक शुल्कों के खिलाफ अपनी शिकायत दर्ज करें।
जन विरोधी बैंक शुल्कों को हटाने की मांग करते हुए अपने बैंक, प्रधान मंत्री, वित्त मंत्री एवं आरबीआई गवर्नर को ईमेल करें।
No Bank Charges
No Bank Charges is a campaign to demand the removal of all charges on banking services for savings account holders to resist the financial exploitation of the public in the name of imposing arbitrary and reckless bank charges. Banks were providing various banking services to savings account holders without any charges, compensating them with the profit made from the lending of the loans. But in the recent past, large scale loans are not being repaid by the corporate sector and becoming non-performing assets (NPA). And to compensate the losses incurred from bad loans, banks have started charging savings account holders including all those services which had no charges earlier.
What Are The Bank Charges?
Bank charge is a fee that banks charge depositors to various access banking services. Recently, banks have started charging depositors for each and every transaction done by them including those that were previously free of charge. For eg: To deposit or withdraw cash from bank branches, account holders have to pay an amount ranging from Rs 10 to Rs 200 or more. ATM services are also no longer provided free by banks. The government recently informed Parliament that between April 2014-September 2018, 21 Public and 3 Private Sector Banks collected Rs 12,388.56 crores just on non-maintenance of minimum balances.
What Are The Services That Banks Charge For?
From cash deposits and withdrawals, availing facilities like debit cards, cheque books, taking mini-statements from ATMs, SMS services, regeneration of ATM PIN to the closing of account every service is charged. Here is the complete list.
Who All Are Affected By The Bank Charges?
EVERYONE, with a bank account. But the most affected are the poor, middle class and working-class people.
Banks provide free services to the rich and charge the poor for every service. This differential treatment is being done on the basis of the balance in bank accounts. If the balance in the account is higher than a certain amount, which varies from bank to bank, account holders are given FREE banking services.