No life without Sun ¤
I simply angry with the decisions rapidly changing and people are hardly understand it. This is nothing but the organised loot.
Well done is better than well said
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Caution: Explosive. Handle with care.
On the one hand, you will not allow people to hoard cash, and on the other you have been attempting to stop them from depositing it in their account. What exactly is one expected to do?
Live....and Let Live...!
This thinking forced Banks to stipulate the minimum balance in accounts and restriction on ATM usage. The only way to achieve this is to put some fee beyond the allowed transactions. Now if Banks charge some nominal fee then there may not be much hue and cry but charging hefty amounts as fee will definitely invite the rage of public which any organization will like to avoid.
In this case same thing has happened. Banks should remember that they have to earn from their customers who are like golden goose and killing them will deprive the Banks from gradual earnings.
I think Government has already taken note of the situation on direction from apex court and the issue will be resolved by reducing the fee to acceptable levels.
Knowledge is power.
There was a time when banks have uniform charges and the charges were very minimal. After the advent of new private banks, the whole concept got changed. It was money and money for anything and everything. Thus they showed huge profit.
The same public who now cry fouls about charges and penalties , accused the public sector banks making losses and demanded their privatisation also, without knowing the full details . So when there was pressure on the public sector banks on services, they also started giving all modern services. Hence they also followed the new private banks style of charging. But still the tariff are very low in comparison.
Earlier only the top crust people were banking with the new private banks. But now even a new recruit employee also has hi s salary account with new generation private banks. So they feel the pinch of the charges. That is why the clamour against the bank charges now.
We should again move to have a uniform rate or at least range of charges for banks.
Once again I state that the banks should NOT have hurried to implement or re-implement the charges. They should have used the opportunity of transition from cash to cashless for their own benefits. The present action from banks will also make people angry against the central government. So it is imperative on the central govt also to put a stop or regulation on bank charges to avoid peoples anger.