No service charge applicable on Basic Savings Bank Deposit accounts: Govt

Government today said that no service charge is applicable on the 60 crore Basic Savings Bank Deposit accounts, including Jan Dhan accounts.   Finance Ministry said, there have been several media reports alluding to steep increase in service charges by certain Public Sector Banks.   It said, the charges have not been increased.   The Ministry said, Bank of Baroda had made certain changes with effect from 1st November this year, with regard to the number of free cash deposits and withdrawals per ...