Cashless transactions.
Then why does bank charge an annual maintenance charge on debit cards? HDFC Bank charge Rs.250 to Rs.750 plus tax a year. ICICI Bank charges Rs.150. SBI charges Rs.100 to Rs.300.
Only 5 transactions are allowed per month. Additional transactions are charged Rs.100 plus tax.
If Government is sincere in its attempt to promote e transactions to fight black money first it should do away with this sort of hidden charges.
For full details go to link below:-
http://www.thehindubusinessline.com/portfolio/your-money/watch-out-for-the-hidden-bank-charges/article7546988.ece more