Debit card issuance fee charged every year- Loot
So banks are now charging debit card issuance fees every year though they are not even issuing new card.
Is this my bank only, i doubt: can everyone in the circle check and advise if they have seen such charge from their bank in statement or if they are already aware. more
Is this my bank only, i doubt: can everyone in the circle check and advise if they have seen such charge from their bank in statement or if they are already aware. more
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Madam, This charge, which has, perhaps, progressively increased over the years (Inflation ?) is a service charge and not a charge for the card, to the best of my knowledge. However, if the same service had not been automated, it would have been performed by employees. This means that either the work load increases per employee or the employees themselves increase, resulting in increased cost to the bank. Thus, it is a matter of study by RBI, in it's capacity as a Regulator whether ATM service costs the bank more than the cost of manual service. If so, the banks may be authorised charge else it should be scrapped. It is a relevant issue that it must be debated and pressed on. more
Mar 03
Since last 3 years or so SBI is charging Rs.147.50 as annual debit card maintenance charges. What kind of maintenance is required is best known to them. more
Mar 01
Almost all banks are charging card expenses annually, irrespective of their use. State Bank of India circumvents the surrender of the cards. Although their system says the cards are active, but their ATMs refuse payments, and asks to meet the branch. But annual charge deductions, again - by the system, are active. more
Feb 22
SBI is charging every year. it was issued for free at the time of inception. Subsequently they started to charge these exorbitant fees without the consent of the customer. Why this they also charge SMS charges without informing and i have to go to the bank and told them that i do not need SMS. more
Feb 22
Almost all banks are charging card expenses every year. This is the most High handedness of theirs. One bank even insists two cards if the account is in joint name. The charges this total.more than 1000 if you have account in 3 banks. It is not understood if this charge is कार्ड making charge or hire charge. आवाज़ उठायी जाना चाहिए। more
Feb 22
