🍪 As per RBI guidelines, Only transactions of saving oriented nature are permitted in savings account. Business / Commercial transactions are not permitted in the Savings Accounts. If such transactions are noticed in the savings account then the bank may close the savings account with prior notice.
🍨 Cash withdrawal limit from other bank domestic ATM is Rs. 10,000 per transaction.
🍧 Debit/Credit Card, NetBanking Transaction alerts are mandatory alerts, mandated by the RBI. These alerts have to be sent by the bank, even if the customer has not subscribed to the SMS alerts facility. Mandatory Alerts will not be charged and are sent free of charge.
For the all other credit/debit entries, cheque related alerts and other miscellaneous alerts, banks have decided to charge the customer if the customer wants these alerts. The customer can choose to be alerted by either 'sms' and 'email' or both.
But customers will be charged only if they gave selected 'sms' alert delivery channel. If they have selected only 'Email' as alert delivery channel they will not be charged.
customers registered for Alert service with ‘SMS’ as the alert delivery channel, would be charged as follows:
- Salary/Savings Account : Rs. 15/- excluding taxes per quarter
- Current Account : Rs. 25/- excluding taxes per quarter
Ledger/ folio charges.
🍬 State government taxes/ Cess as applicable shall be charged W.e.f 1st September 2019, TDS at the rate of 2% (plus applicable surcharge and cess) will be deducted on cash withdrawal in excess of one crore rupees in aggregate made during the financial year.