The manner in which all the banks of the country are looting us in the name of bank charges, the National Hawkers Federation will not only criticise but also protest. NHF demands that all bank charges must be scrapped immediately. Otherwise, four crore hawkers from across the country will hit the…
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Bank Charges Are Unacceptable And They Have To Go: Vijoo Krishnan
Nationalised banks are meant to serve the interests of the people. In the last five years, on the one hand, the government encouraged people to open the bank account, on the other an organised loot is going on by the banks through the various bank charges. This policy of sheer…
The Bank Charges is a Loot and Must be Scrapped: Medha Patkar
The Bank Charges is a Loot and Must be Scrapped: Medha Patkar
Political Parties and CSOs Criticise Modi Government on its Economic Performance
For immediate release Political Parties and CSOs Criticise Modi Government on its Economic Performance New Delhi, March 15, 2019: “The BJP, before the 2014 elections, created an illusion of achchhe din. Though they promised to double farmers income, increasing Minimum Support Price (MSP) by 1.5 times, they did opposite everything of…
Bank Charges: Punishment for the Poor and Marginalised
Bad loans have worsened the banks’ balance sheet. Because of this, the money which banks need to put aside (called provisions) for bad loans has increased manifold, resulting in a decrease of money available with banks for lending. By Ashish Kajla Does financial inclusion mean taking away the hard-earned savings…
What Are The Bank Charges And Whom Do They Affect?
To access the banking system through various platforms/processes, banks provide different kind of services to depositors. Bank charge is a fee that banks charge depositors to access these banking services. Recently, banks have started charging depositors for each and every transaction done by them including those that were previously free…
Our Money, Our Right: Appeal to the Political Parties
Our Money, Our Right Towards a Transparent and Accountable Financial and Banking System Appeal to political parties by people’s movements, civil society organisations, trade unions and concerned citizens on finance and banking, with a request to include these in your election campaign for 2019, including in the election manifesto. The…
How Banks are Stealing Our Savings
Penalty levied for Non-Maintenance of Minimum Balance
Public Sector Banks As per the data provided by the government to the Parliament of India, since the financial year 2014-15, until September 2018, the Public Sector Banks have collected Rs 7027.81 crores for non-maintenance of minimum balance in Saving Bank accounts. Private Sector Banks Whereas, the Private Sector Banks,…
The Arbitrary Bank Charges Must be Removed
Banks act as financial intermediaries between depositors and borrowers. It is the public money, deposited in the form of term deposit (fixed deposits) and time deposit (saving & current accounts) which banks use for lending to borrowers. Since public money is important for the banking sector as a whole, banks…