In these times of financial uncertainty, when markets are down and jobs are scarce, cost cutting has become the buzzword. Let alone companies, even individuals are looking to cut costs—by reducing outings, trips or lavish shopping.
Your savings bank account is another place where you can look to cut costs—a lot of it.
Banks levy various charges on transactions—ranging from Rs 25 to Rs 1,000. And if you haven't been careful about them, or are not aware of them, in all likelihood they have already burnt a hole in your pocket.
A few steps, however, could help you not repeat the same mistakes this New Year and help you save money. If you ignore them, you will have to pay, literally.
Also read: Credit card woes & how to lodge a complaint
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