https://www.taxtmi.com/news?id=23326 Basic Savings Bank Deposit accounts, including those opened for low income and unbanked customers, are not subject to service charges for the free services prescribed by regulation. Banks may levy charges for other account types provided such fees are fair, transparent and non discriminatory and reflect costs; one public sector bank briefly reduced free cash transaction allowances but withdrew the change due to pandemic considerations, and other public sector banks do not intend to raise charges currently. en-us Tue, 03 Nov 2020 15:21:15 +0530 Tue, 03 Nov 2020 15:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23326 Basic Savings Bank Deposit accounts, including those opened for low income and unbanked customers, are not subject to service charges for the free services prescribed by regulation. Banks may levy charges for other account types provided such fees are fair, transparent and non discriminatory and reflect costs; one public sector bank briefly reduced free cash transaction allowances but withdrew the change due to pandemic considerations, and other public sector banks do not intend to raise charges currently. News - Tue, 03 Nov 2020 15:21:15 +0530 https://www.taxtmi.com/news?id=23326