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Tag: India
We pay bank charges twice on the same money
I am a student and do not have a lot of money in my account. Whenever I need money, I ask my father for it. Due to the capping on the number of free transactions, we often end up paying the charges fine, says Priyanshu Jain, a BCom student.
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…