Are You Withdrawing Cash From ATM Terminals Frequently? Hold On! You May Be Charged Higher Fee Above The Minimum Withdrawal Limit

To Reduce Rush in banks, Banks appoints ATM Terminals at all major locations. People also tend to use them frequently for their daily cash needs! But from January 2022 onwards, Usage of ATM Terminals becomes more costlier. Reserve Bank of India(RBI)has approved all the banks to hike service charges to 21 Rupees+GST. This charge isContinue reading “Are You Withdrawing Cash From ATM Terminals Frequently? Hold On! You May Be Charged Higher Fee Above The Minimum Withdrawal Limit”

PNB Acquired 170 Crores For Non-Maintenance of Minimum Balance From Their Customers a/c’s

It is well known that sufficient balance would be kept in savings a/c at all-times. If that minimum balance is not maintained, Banks have the right to levy penalty from their customers. As a part of levying penalty, Government sponsored bank PNB(Punjab National Bank)acquired 170 crores in the financial year 2020-21 for non-maintenance of sufficientContinue reading “PNB Acquired 170 Crores For Non-Maintenance of Minimum Balance From Their Customers a/c’s”