Not sure if this matters to any of you guys but they have now increased the minimum balance limit to Rs. 10,000...
What do you say about this crap move from the crap bank?
What do you say about this crap move from the crap bank?
ICICI Bank has switched from quarterly to monthly average minimum criteria
- Thread starter Sushubh
- Start date
- Replies 75
- Views 55,611
D
Deleted member 7160
One of the worst thing in Citibank is if you want to do any transaction at the branch, They charge Rs.100 as branch walking charges (Something like that). I do not have any choice as thats my salary account.
SBI might not be perfect but they are good, may be they will get more better in the future.
CitiBank is gud, but too costly to maintain if its not a salary account. HDFC are one of the worst. They need address proof for change of address, wont update their mobile number, need to visit their branch. HDFC Bank credit card tops everything, You need to write a letter to update address/mobile number and drop at ATM
One thing I noticed in SBI. No need to fill forms to deposit money, just give the debit card and money and its all done! The queues in Govt Banks are way better than private sector.
One thing is for sure that with the advent of private banks, public sector banks raised their efficiency and are catering well to the customers.
Agree with both points. Once had a Citibank salary account almost a decade ago but ended after I left the company and minimum balance was not maintained.
And definitely agree with the last remark. Competition from the private banks has indeed helped the govt. banks in improving their services. I remember waiting in massive lines and everything taking forever when I was a kid and used to go with my parents often. There were hardly any private banks in India or at least they were not at all popular even if there were. Professionalism and discipline was also horrible and the employees would leave their chairs and go for chai paani or gossip at the middle of work as in any govt. office and the queue needed to wait forever. But after private banks came, the public sector banks also became a lot more effective and also improve the facilities. The professionalism in public sector banks is way better than it used to be when I was a child but it is still far off from competing with the private sector banks especially the quality ones.
CitiBank is gud, but too costly to maintain if its not a salary account. HDFC are one of the worst. They need address proof for change of address, wont update their mobile number, need to visit their branch. HDFC Bank credit card tops everything, You need to write a letter to update address/mobile number and drop at ATM
One thing I noticed in SBI. No need to fill forms to deposit money, just give the debit card and money and its all done! The queues in Govt Banks are way better than private sector.
One thing is for sure that with the advent of private banks, public sector banks raised their efficiency and are catering well to the customers.
Agree with both points. Once had a Citibank salary account almost a decade ago but ended after I left the company and minimum balance was not maintained.
And definitely agree with the last remark. Competition from the private banks has indeed helped the govt. banks in improving their services. I remember waiting in massive lines and everything taking forever when I was a kid and used to go with my parents often. There were hardly any private banks in India or at least they were not at all popular even if there were. Professionalism and discipline was also horrible and the employees would leave their chairs and go for chai paani or gossip at the middle of work as in any govt. office and the queue needed to wait forever. But after private banks came, the public sector banks also became a lot more effective and also improve the facilities. The professionalism in public sector banks is way better than it used to be when I was a child but it is still far off from competing with the private sector banks especially the quality ones.
Axis Bank has just recently doubled the AQB to 10000 from 5000 earlier... like wise many charges also revised. Received an email some time back!! Looks like freeing up of savings bank rate is forcing banks to increase charges on every thing.
Axis Bank has just recently doubled the AQB to 10000 from 5000 earlier... like wise many charges also revised. Received an email some time back!! Looks like freeing up of savings bank rate is forcing banks to increase charges on every thing.
When have they changed it? I had never received any such email though I have more than that for sure. If they raised the limits and did not inform their customers then it is definitely creepy. If that is the case then the only things where they are better than ICICI is their FD and Loan interest rates but their online banking interface looks like one being created by a small kid with hardly any security features.
When have they changed it? I had never received any such email though I have more than that for sure. If they raised the limits and did not inform their customers then it is definitely creepy. If that is the case then the only things where they are better than ICICI is their FD and Loan interest rates but their online banking interface looks like one being created by a small kid with hardly any security features.
Here's the mail ...
Dear Customer,We periodically review our charges and fee structures so as to stay in line with market practices and related changes. As part of the review, the Average Quarterly Balance (AQB) requirements of various accounts have been revised with effect from next quarter cycle i.e. 15th June – 14thSeptember, 2012.The revised AQB requirements are as below:-
[TABLE="align: left"]
[TR]
[TD]Product/Scheme Code[/TD]
[TD="colspan: 3"]Old AQB Requirement[/TD]
[TD][/TD]
[TD="colspan: 3"]New AQB Requirement[/TD]
[/TR]
[TR]
[TD] Metro / Urban[/TD]
[TD]Semi-Urban[/TD]
[TD]Rural[/TD]
[TD][/TD]
[TD]Metro / Urban[/TD]
[TD]Semi-Urban[/TD]
[TD]Rural[/TD]
[/TR]
[TR]
[TD]NREPI, NROPI[/TD]
[TD]5000[/TD]
[TD]5000[/TD]
[TD]5000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[/TR]
[TR]
[TD]SBDMT[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBEZY#[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBKRI*[/TD]
[TD]2500[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBMIN[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]2500[/TD]
[TD]2500[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBPRM,NREPM, NROPM#[/TD]
[TD]25000[/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[TD][/TD]
[TD]25000[/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[/TR]
[TR]
[TD]SBSTU[/TD]
[TD]500[/TD]
[TD]500[/TD]
[TD]500[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SWEZY, SBEZ1, SBEZ2, SBSA3, SBSA1, SBSA2,SBSAL, SBNRE, SBNRO[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[/TABLE]
#The AQB charge waiver on the mentioned product codes basis the fixed deposit relationship value will be discontinued from next quarter cycle i.e. 15th June – 14th September, 2012 onwards. *The requirement is on the Half Yearly Average Balance.
There is no change in AQB balance requirement for the products not mentioned in the above table. Your product/scheme code is given on the front page of the account statement. For any clarification please contact your branch. Non-maintenance of AQB balances attracts charges as per extant guidelines.
Also, we have revised our Cash Transaction Limits and Charges for Anywhere Banking services, which allow you to deposit or withdraw cash at anyAxis Bank branch pan India. These charges will be calculated on a monthly basis and will come into effect from 15th May 2012 to 14th June 2012 (monthly charge cycle).
Charge Structure*:
*In addition to the above-mentioned charges, service tax/other applicable taxes shall be charged and payable by the customer as per government rules and regulations. Charges shall not be applicable on Cash transactions at Axis Bank ATMs.
Following products are excluded from the above changes - Wealth (All schemes), Privee (All schemes), Retail Trust, Government Trust (All schemes) and the following schemes are excluded from cash charges:
SBNRE, NREPM, NREPI, NROPI, NREZR, NRISL, SBMIA, PBNRE, SBSDF, SBSTF.
For any clarification, please visit your nearest Axis Bank branch or log on to www.axisbank.com or call us at 1-800-233-5577 /1-800-209-5577 /1-800-103-5577.
Warm Regards
AxisBank Ltd
Dear Customer,We periodically review our charges and fee structures so as to stay in line with market practices and related changes. As part of the review, the Average Quarterly Balance (AQB) requirements of various accounts have been revised with effect from next quarter cycle i.e. 15th June – 14thSeptember, 2012.The revised AQB requirements are as below:-
[TABLE="align: left"]
[TR]
[TD]Product/Scheme Code[/TD]
[TD="colspan: 3"]Old AQB Requirement[/TD]
[TD][/TD]
[TD="colspan: 3"]New AQB Requirement[/TD]
[/TR]
[TR]
[TD] Metro / Urban[/TD]
[TD]Semi-Urban[/TD]
[TD]Rural[/TD]
[TD][/TD]
[TD]Metro / Urban[/TD]
[TD]Semi-Urban[/TD]
[TD]Rural[/TD]
[/TR]
[TR]
[TD]NREPI, NROPI[/TD]
[TD]5000[/TD]
[TD]5000[/TD]
[TD]5000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[/TR]
[TR]
[TD]SBDMT[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBEZY#[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBKRI*[/TD]
[TD]2500[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBMIN[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]2500[/TD]
[TD]2500[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SBPRM,NREPM, NROPM#[/TD]
[TD]25000[/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[TD][/TD]
[TD]25000[/TD]
[TD]10000[/TD]
[TD]10000[/TD]
[/TR]
[TR]
[TD]SBSTU[/TD]
[TD]500[/TD]
[TD]500[/TD]
[TD]500[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[TR]
[TD]SWEZY, SBEZ1, SBEZ2, SBSA3, SBSA1, SBSA2,SBSAL, SBNRE, SBNRO[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[TD]1000[/TD]
[TD][/TD]
[TD]10000[/TD]
[TD]5000[/TD]
[TD]2500[/TD]
[/TR]
[/TABLE]
#The AQB charge waiver on the mentioned product codes basis the fixed deposit relationship value will be discontinued from next quarter cycle i.e. 15th June – 14th September, 2012 onwards. *The requirement is on the Half Yearly Average Balance.
There is no change in AQB balance requirement for the products not mentioned in the above table. Your product/scheme code is given on the front page of the account statement. For any clarification please contact your branch. Non-maintenance of AQB balances attracts charges as per extant guidelines.
Also, we have revised our Cash Transaction Limits and Charges for Anywhere Banking services, which allow you to deposit or withdraw cash at anyAxis Bank branch pan India. These charges will be calculated on a monthly basis and will come into effect from 15th May 2012 to 14th June 2012 (monthly charge cycle).
Charge Structure*:
| Center | Old Charge Structure | Revised Charge structure |
| Metro/Urban | First 5 transactions free in a month at any branch Home branch: No Value Limit Non-home branch: Rs. 50,000 free per day, else Rs. 2.5 per 1,000 above Rs. 50,000 (Min Rs. 95) 6th transaction onwards at any branch - Rs. 2.5 per 1,000 on the full amount (Min Rs. 95) | First 5 Transactions or Rs 10, 00,000 of cash deposit/withdrawal in a month is free, whichever is earlier. Post that, Rs 4 per 1000 rupees on the deposit/withdrawal amount or Rs 100 whichever is higher shall be charged |
| Semi Urban/Rural | First 10 transactions free in a month at any branch Home branch: No Value Limit Non-home branch: Rs. 50,000 free per day, else Rs. 2.5 per 1,000 above Rs. 50,000 (Min Rs. 95) 11th transaction onwards at any branch - Rs. 2.5 per 1,000 on the full amount (Min Rs. 95) | First 10 Transactions or Rs 10,00,000 of cash deposit/withdrawal in a month is free, whichever is earlier. Post that, Rs 4 per 1000 rupees on the deposit/withdrawal amount or Rs 100 whichever is higher shall be charged |
Following products are excluded from the above changes - Wealth (All schemes), Privee (All schemes), Retail Trust, Government Trust (All schemes) and the following schemes are excluded from cash charges:
SBNRE, NREPM, NREPI, NROPI, NREZR, NRISL, SBMIA, PBNRE, SBSDF, SBSTF.
For any clarification, please visit your nearest Axis Bank branch or log on to www.axisbank.com or call us at 1-800-233-5577 /1-800-209-5577 /1-800-103-5577.
Warm Regards
AxisBank Ltd
D
Deleted member 7160
***Edited***
One of the worst thing in Citibank is if you want to do any transaction at the branch, They charge Rs.100 as branch walking charges (Something like that). I do not have any choice as thats my salary account.
Even ICICI does that. However, this is only for transactions that CANNOT be done online or on the phone. For branch only transactions, there are no fees. May I ask what it is you were trying to do for which they charged you?
Even ICICI does that. However, this is only for transactions that CANNOT be done online or on the phone. For branch only transactions, there are no fees. May I ask what it is you were trying to do for which they charged you?
D
Deleted member 7160
Even ICICI does that. However, this is only for transactions that CANNOT be done online or on the phone. For branch only transactions, there are no fees. May I ask what it is you were trying to do for which they charged you?
Deposit Cash and I was charged 100 bucks when I needed 6 months statement attested by the bank.
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Really?..Thats good..next time I will check it out...I was filling form till date...Thanks for the Info.
It's called as Green Channel Transactions.
Deposit Cash and I was charged 100 bucks when I needed 6 months statement attested by the bank.
----------
Really?..Thats good..next time I will check it out...I was filling form till date...Thanks for the Info.
It's called as Green Channel Transactions.