Basic Savings Bank Deposit Account: How banks overcharge, penalise no-frills a/c holders without letting them know

No-frills account holders are facing penalty for exceeding the limit of four withdrawals in a month as several banks are using the 5th debit as a trigger to convert the Basic Savings Bank Deposit Account (BSBDA) into a regular one, says a report.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xkJBjK