https://www.taxtmi.com/news?id=21646 Basic Savings Bank Deposit Accounts (BSBDA) must provide specified basic facilities free of charge without any minimum balance, including cash deposits, electronic credits, unrestricted deposits, four withdrawals monthly, and an ATM/debit card. Banks may offer optional value added services priced non discriminatorily with disclosure, but such offerings must not remove BSBDA status. For other accounts, banks may fix Board approved reasonable service charges with prior customer notice. RBI waived its processing and time varying charges on RTGS and NEFT effective July 1, 2019, and advised banks to pass benefits to customers. en-us Mon, 08 Jul 2019 17:52:05 +0530 Mon, 08 Jul 2019 17:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21646 Basic Savings Bank Deposit Accounts (BSBDA) must provide specified basic facilities free of charge without any minimum balance, including cash deposits, electronic credits, unrestricted deposits, four withdrawals monthly, and an ATM/debit card. Banks may offer optional value added services priced non discriminatorily with disclosure, but such offerings must not remove BSBDA status. For other accounts, banks may fix Board approved reasonable service charges with prior customer notice. RBI waived its processing and time varying charges on RTGS and NEFT effective July 1, 2019, and advised banks to pass benefits to customers. News - Mon, 08 Jul 2019 17:52:05 +0530 https://www.taxtmi.com/news?id=21646