(This review done in 2010, does not hold good, as I’ve closed this account, on account of the bank’s changing it’s policy of charging for everything. It’s a gimmick to attract customers in the beginning.)
I recently opened a Super Savings account at IDBI bank, chennai.
The main reason I have opened an account, was that I have read on Ecomomic Times newspaper that all charges have been waived off except cheque bouncing charges. The charges that are waived off are namely,
average balance charges,
account closure charges,
ATM inter change fee,
cheque book charges,
DD charges,
ECS charges,
Debit card charges,
outstation cheque collection,
account statement charges,
stop payment charges,
MICR cheque charges,
DD cancellation charges,
remittance of cash at other branches upto 49900,
I was also given multi city at par cheque book,
I think its first of its kind that a PSU bank has adopted to forgo such charges, and I feel its really great among all the banks.
I can also check my account by internet and phone banking too.
I hope other banks will follow this route .