Carelessness is no excuse, especially when you are banking. For instance, if you deposit cash in the cheque drop box, banks will fine you.
Private banks charge Rs 100, and if the deposit amount is over Rs 500, the fine is Rs 300. If you repeat instances of cash deposits in the cheque drop box, you would have to pay an additional Rs 500.
Regeneration of the PIN number of ATM or debit cards costs money in most banks. So, if you can’t remember your number, note it down at a safe place. Even replacement of cards attracts a fee.
Subscribing to SMS alerts, bill payment, home banking, duplicate passbook, cheque status, unarranged overdraft, inter-branch transactions and cash delivery are only some of the services which are charged for.
You pay for every personalised service, such as SMS alerts, that you avail from your bank. So, make sure you really need these. And, do remember that there is no such thing as a free service.
Also read: Lalu Yadav, the management guru!
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