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The accuse would administer to accumulation as able-bodied as bacon accounts

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Banks including HDFC Bank, ICICI Coffer and Axis Coffer on Wednesday began charging a minimum bulk of Rs 150 per transaction for banknote deposits and withdrawals above four chargeless affairs in a month.

 The accuse would administer to accumulation as able-bodied as bacon accounts able from March 1, arch clandestine area amateur HDFC Coffer said in a circular.

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The coffer would additionally cap the third affair banknote affairs at Rs 25,000 per day, while banknote administration accuse would be aloof able today, the annular added.

The move was apparent in some abode as aimed at black banknote affairs and furthering the agenda acquittal drive.

For the basal basic accounts, best four banknote withdrawals would abide to abide chargeless and there would be no fees for banknote deposits.

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In case of ICICI Bank, the accuse are aforementioned as they were afore the demonetisation move appear on November 8, while there is an access in such fees in case of some others.

According to capacity on ICICI Coffer website, there will be no allegation for aboriginal four affairs a ages in home annex while Rs 5 per thousand rupees would be answerable thereafter accountable to a minimum of Rs 150 in the aforementioned month.

The third affair absolute would be Rs 50,000 per day.

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For non-home branches, ICICI Coffer would not allegation annihilation for aboriginal banknote abandonment of a agenda ages and Rs 5 per thousand rupees thereafter accountable to a minimum of Rs 150.

For anywhere banknote deposit, ICICI Coffer would allegation Rs 5 per thousand rupees (subject to a minimum of 150) at branches, while drop at Banknote Acceptance Machine would be chargeless of allegation for aboriginal banknote drop of a agenda ages and Rs 5 per thousand thereafter.

ATM intercharge accuse accept additionally been re-introduced.

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At Axis Bank, the aboriginal bristles affairs or Rs 10 lakh of banknote deposits or withdrawals would be chargeless and answerable at Rs 5 per thousand rupees or Rs 150, whichever is higher.

It could not be absolute whether the accessible area banks accept additionally amorphous arty such charges.

When contacted, a chief official said there has been no charge from the government to the banks apropos burden of such charges.

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