Not Just RTGS And NEFT, RBI Must Do Away With All Bank Charges

For Immediate Release Not Just RTGS And NEFT, RBI Must Do Away With All Bank Charges Financial Accountability Network India welcomes the Reserve Bank of India’s decision to remove charges for the RTGS and NEFT transactions and to form a committee under the chairmanship of Chief Executive Officer, Indian Banks’…

A Rebuttal To RBI’s Misleading Response On Bank Charges

As a part of FAN India’s campaign against bank charges imposed on saving account holders, people have been lending support by sending emails to RBI governor and demanding the removal of the various charges levied by banks. This document is a point-by-point rebuttal to a response to the RBI’s email…

Stop Imposing Bank Charges on Poor for Flourishing the Rich in India

The recently released Reserve Bank of India’s (RBI) annual Banking Ombudsman Report for the year 2017-18 mentions a pilot study in Mumbai on the service charges levied by the banks for basic banking services. The study was commissioned to ascertain customer feedback and the need for rationalisation of charges. The…

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…