The Indian Banks Association dismissed reports suggesting that free services of public sector banks would be ceased by January 20.
“There is neither a move by banks for a blanket removal of free services nor such a thing is being contemplated,” said that IBA over reports in social media that free services would be done away with.
The IBA further said that the banks are, however, looking at commercial and operational costs, and may revise charges in future.
This came after reports circulated in social media said that free services of public sector banks would be ceased by January 20.
On the other hand, the banks are charging the customers left and right in the name of software and also taking TDS over interest for the last year. They just cut money and blame the software. Don’t bother to reimburse the money.