In today's time, a bank account is a very useful thing for every human being. Government benefits come in bank accounts and for all kinds of subsidies, bank accounts are also required. Although banks offer interest on the cash deposited, some fees are also collected for the sake of running the account. Some banks also charge for depositing cash in excess of the prescribed limit. These charges can range from Rs 50 to Rs 150. Let us know which banks charge customers.
ICICI Bank Limited is an Indian multinational banking and financial services company. The initial 4 transactions are free in this bank, but after that, a charge of Rs 150 per transaction is charged. The bank also charges Rs 20 and GST for transactions beyond the fixed limit at ATMs.
Bank of Maharashtra is a major public sector bank in India. The Government of India holds 87.74% of the shares. The bank has 15 million customers across the country with 1,897 branches. If your account is with Bank of Maharashtra, then 3 transactions will be free in a month from all its branches, but after that, you will be charged Rs 100 for depositing or withdrawing your cash.
Axis Bank is the third-largest private-sector Indian bank and offers a range of financial products. It has 4,800 branches, 17,801 ATMs and 4,917 cash recyclers across the country. In this bank, if the account holder wants to take a bundle of 10 rupees or 20 rupees or 50 rupee notes, then they have to pay a charge of 100 rupees per bundle. Not only this, but earlier ECS transactions also used to be free in this bank, now those transactions have to pay a charge of Rs 25 per transaction.
Kotak Mahindra Bank is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. The first 4 transactions are free in this bank, the first 4 transactions are free in this bank, but after that, the charge is levied. Transactions of up to a maximum of Rs 2 lakh are allowed in the initial 4 transactions. This was followed by a charge of Rs 3.5 per 1000 and a minimum charge of Rs 150.
