Categories: Economy

No charges to be levied by banks for debit in Jan Dhan accounts

Charges on deposits and withdrawals of funds by some banks will not be applicable to the Jan Dhan accounts and basic savings bank accounts.

Banking sources said ICICI Bank is not levying charges on the basic savings bank deposit account (BSBA) and Jan Dhan accounts.

Several major banks (SBI, BOB, PNB) have also not levied charges on Jan Dhan accounts and sources say some media reports to this effect are false.

Bank of Baroda is also not levying charges on debit in the Jan Dhan Accounts. The bank has, as on date, not levied any charges for any debit to such accounts. The charges on the requirement of maintaining a minimum balance in such accounts are also not applied. The bank is adhering to the instructions of the RBI.

On the issue of levy of different charges on various accounts, including loan accounts, as reported in some media reports, the charges are applied as per the industry practice and are transparent, banking sources said.

The bank has confirmed that they do not propose to levy any additional charges (apart from the existing ones) as being suggested in some media reports.

"The bank is, however, contemplating revision of its service charges and will inform the public after seeking internal approvals," a source said..

IANS

Recent Posts

Balochistan: Medical students protest campus closure, security crackdown

Students at the Bolan Medical College (BMC) in Balochistan's Quetta entered the 27th day of…

15 minutes ago

Climate change, health risks escalate amid surge in PoGB deforestation

The intensifying cutting of trees for firewood in Pakistan-occupied Gilgit-Baltistan (PoGB) is not only worsening…

1 hour ago

India’s retired judges, bureaucrats call for “immediate end” to attacks on minorities in open letter to Bangladesh

A group of retired judges, bureaucrats, Army officials and other civil society members have penned…

2 hours ago

Israel, Slovakia sign historic USD 582 million deal to boost Air Defense capabilities

Israel and Slovakia signed a 2 billion shekel (USD 582 million) agreement on Monday to…

2 hours ago

Pakistan: Protests continue in Kurram over road closures amid crisis

Protests against the prolonged road closures in Kurram persisted on Sunday, as residents held a…

3 hours ago

Sikyong Penpa Tsering successfully concludes key engagements in US, strengthening Tibetan cause

Sikyong Penpa Tsering, the political leader of the Central Tibetan Administration (CTA), has successfully concluded…

3 hours ago