Aboutme.SubinEconomics-Banks Heeding For More Charges

Aboutme.SubinEconomics-Private Banks Heeding For More Charges.  Private banks are heeding for charges for saving account if the client is withdrawing more than 4 times from his/her account. Icici, axis, kotak mahindra, hdfc started implementing this policy from March onwards. This not only brings revenue to the bank and this revenue is coming from not butchering the client but by giving poison injection dose by dose plus keeping them alive. All clients start an account in Govt Banks and leave private banks in doldrum.     Aboutme.SubinEconomics- Private Banks Heeding For More Charges.           Reserve Bank of India is just sitting as a puppet without seeing or hearing this. This step is wrong as private as well as GovtBanks not provide ample service but burden the client with undue insurance, cutting charges, bouncing cheques without clients notice, etc. This is just ridiculous as the head of banking system Reserve Bank is sitting as King and let these Private Banks loot the clients. These will increase the share value of Banks in the stock market. Apart from that undue income will be coming as banks get more share value. SEBI do must see this as its not creating value but just getting more income. So open an account in Govt Banks too. Use bank buddy or Apps for doing bank transaction. This will make India Internet Savvy and make Bank Internet Savvy. Start doing Today.                         Aboutme.SubinEconomics-Private Banks Heeding For More Charges.

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