Bank charges in HDFC have increased for deposits and withdrawals above the limit of first-four transactions. But do you know, that the defined limits of banks for ATM transactions do not mean only the deposits and withdrawals, but also the other non-financial transactions? What are non-financial transactions? It is nothing but the requests of the bank balance, getting mini-statements or changing the PIN of the ATM card. The best part of it is that these non-financial transactions have already been charged without our knowledge. According to the HDFC website regarding the charges, they are applicable right from December 2014.
Have a look at the snapshot of the bank charges from the website of HDFC.
The above image displays the bank charges for the ATM withdrawals. The fourth column in the Savings & Salary account category says that the ATM transactions include both cash transactions and also the non-financial transactions. Another most interesting aspect of the bank charges is that apart from the fixed charge, there are also additional tax collected. Currently, the fixed price for the over-the-above free non-financial transaction is INR 8.50. The details of the non-financial transactions are given in the second bulletin of the Notes column.
In order to know the details of the bank charges, click here.
