There are couple of points I would like to bring to your attention.
- The charges for non-maintenance of average quarterly balance (which is RS. 5000) in Savings Account are Rs. 750/- +10.2% Service Tax.
2) For every new cheque book Rs. 2.00 per leaf will be charged.
3) For cash transactions at the branches; first 3 cash transactions (withdrawals or Deposits) in a quarter will be free and thereafter Rs.50/- per transaction will be charged.
4) Cash transactions at the ATM; first 6 ATM cash (withdrawals or Deposits) transactions in a quarter will be free and Rs.25/- per transaction thereafter.
5) There will not be any notice sent to you about the minimum balance to you. They simply keep deducting.
Now I understand how they make lot ot profits.
I really dint know about all these things. I have to be really careful from now while opeing a new bank account. There world wide customer service is really famous for its bad service. Recently I called them and after being on hold for 10 mins when the returned to me and said hello and asked me to be on line for some more time. wow!!!
Be carefull with them.