- Tag results for transaction charge
Sebi today allowed the commodity derivative exchanges to keep the highest transaction charge in turnover slab of any contract at a maximum of double the lowest charge in the same segment.
Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000 from today onwards.
By charging the common man to compensate for structural issues, banks are blatantly misusing power with no interference from the government.
The SBI decision to raise charges on various services is likely to be followed by other banks, hitting customers across the country.
The bank has also decided to reintroduce penalty on non-maintenance of minimum balance in accounts from April 1.