The bank has brought great good news to customers since the new year, but at the same time, there are reports of some losses. In fact, the good news is that some banks have increased the rates of fixed deposits which will slightly increase the earnings of the customers. Now, there is also news of losses, which is that some banks have made their services costlier, which will cost customers more money than before. In fact, while ICICI Bank has increased the credit card charge, Punjab National Bank has also made services costlier. Let me tell you that during the Corona period, the profits of many banks are being seen and the earnings of the banks have increased tremendously. The most important online service is fast. Banks have now decided to distribute this profit to customers. That is why, recently, State Bank of India, HDFC Bank and Kotak Mahindra Bank have revised their interest rates which are benefiting the customers.
Banks increase FD rate- The State Bank of India has increased its interest rates on fixed deposits by up to 10 basis points (BPS). Yes, and this interest rate is applicable to FD below Rs.2 crores and the new rate is effective from 15th January 2022. On the other hand, according to data available on the SBI's website, the interest rate on FDs has been increased from 5.0 per cent to 5.1 per cent for a period of less than 1 to 2 years. In fact, the bank has not changed interest rates on FD different from this year. HDFC Bank along with SBI has hiked interest rates on FDs. In fact, the FD that matures in HDFC Bank in 2 years to 3 years will now return 5.20%. The bank has also increased interest rates on deposits matured in 3 years to 5 years and will be paid 5.40% interest on deposits with a maturity period from 5 years to 10 years. At the same time, the bank has not changed interest rates on other terms FD. Revised rates of interest are applicable on FD starting from 12th January 2022. Talking about Kotak Mahindra Bank, it has also increased the interest rate on FD for different periods. Here, for FD to be matured in 7 to 30 days, 31 to 90 days and 91 to 120 days after the revision, Kotak Mahindra Bank is offering interest rates of 2.5%, 2.75% and 3% respectively. These revised rates are in force from 6th January 2022.
Costly service of these banks- The new rule on ATM withdrawals beyond the free withdrawal limit every month has come into force and banks are charging enhanced charges on ATM transactions with effect from January 1, 2022. Let me tell you that the Reserve Bank of India (RBI) has allowed banks to charge Rs 21 per transaction if customers make transactions beyond the free limit. The number of free ATM transactions is fixed at 5 in your ATM and three from the other. In fact, this is a rule for metro cities and a separate RS.21 plus GST will have to be paid on withdrawals beyond that.
On the other hand, Punjab National Bank (PNB) has decided to increase the charge of different services provided by the bank with regard to 15th January 2022. In fact, according to a notification from the official website of the PNB, the bank has increased the fee for not maintaining the minimum balance in the bank. 200 per quarter to Rs.400 per quarter in rural and semi-rural areas. The charge of the locker has also been increased.
New ICICI Bank Rule- At the same time, ICICI Bank in a message to its credit card customers have said that it has increased the fee for credit card related services including late payment fee. Let me tell you that the new charge on ICICI Bank Credit Card will come into effect from 10th February 2022. From February 10, 2022, ICICI Bank credit card customers will have to pay a transaction fee on cash advance and all cards will be charged 2.50% of the amount of cash advance, which can be up to a minimum of Rs 500. At the same time, in case of a cheque refund, the bank will now charge 2% of the total dues with a minimum of Rs. 500.
Shrey Karia- the youngest businessman of India from the streets of Mumbai
Seed funding to be provided by Karnataka to 200 startups: Reports
S. Koreans may close their businesses due to pandemic, say 40% of are self-employed
