Bank of Baroda has charges now on NEFT for Savings Acc.

[Lolita_Magnum]

I made a transaction today and observed that they have levied charges.
Phone support has no clue about this, but they are not making any reversal on the charge and Portal/Email support share that there are charges, but they are not attesting any document or proof for such a remark.

Does anyone with a BOB account confirm if it is true? If this continues, then I will have to move to a different govt. bank account.

 

[gmaster]

I have made three NEFTs from my BOB A/c last week. No charge was levied. Don't know about today. They levy charges on IMPS though.

 

[Lolita_Magnum]

It was NEFT. The BOB World App show charges before transaction now as well.

 

[Sushubh]

I have ppf in Bob. They keep on pushing me to open a savings account. I have considered it to make deposits easier using their app. But I guess I would keep things how it is.

 

[AAK]

NEFT through net banking should be free as per RBI.

 

[Sushubh]

I couldn't find any notification though I do remember reading something about it.

 

[pothi]

Here is the notification...

Reserve Bank of India - Notifications

Relevant tweet...


Source

 

[Lolita_Magnum]

Thank you, will use this to attest with their disgruntled support team.

 

[anmolbhard004]

the comment section of the above RBI Post is filled with complains of BOB Charging customers for NEFT So its true that they are charging for NEFT.

Last week I did a NEFT from Bank Of India and they didn't charged anything

 

[Lolita_Magnum]

This is the response they have decided to go ahead with.
They have put a limit of 2L for any transactions, so you can’t even go ahead and transfer out in bulk.
The right decision would be to not give any further business to these cheap people.

Any suggestion for a better bank?

Dear customer we regret for the inconvenience caused to you but transaction charges are as per bank guidelines and applicable to all the users.