Bank Charges!

@vin12345 (577)
Kerala, India
May 4, 2017 2:02am CST
Last day I received a message in my phone, that was too an automated message from the Bank. And it was about the fee that we have to pay if we don't maintain an account balance of rupees 2000, it would be nearly 32 US dollars. I believe its not an easy thing for an unemployed person like me to have such amount of balance in the bank. I currently doesn't have that much in the bank and I will be charged a fee this time. I wish I had a basic savings account (Zero balance account) since we don't want to maintain a balance there. Unfortunately I have a savings account so I have to pay the fee. Picture credits : My collections
15 people like this
17 responses
@Sreekala (23350)
• India
4 May 17
Banks in India is changing its rules and regulations including the minimum balance. I think it is difficult for keeping the high amount as minimum balance even if you works.
4 people like this
@vin12345 (577)
• Kerala, India
4 May 17
Yes at the end of the month, that kind of an amount might not be available for those who works, you are very right @Sreekala
4 people like this
@Sreekala (23350)
• India
4 May 17
@vin12345 State bank of India increased the minimum balance as 5000 rupees.
1 person likes this
@vin12345 (577)
• Kerala, India
4 May 17
@Sreekala Since we are in semi urban area we have it as 2000 rupees for now.
1 person likes this
@ShifaLk (7480)
• India
5 May 17
Oh no Very bad It must be Hdfc I think I have one account with need of zero balance. .. jan dhan :)
2 people like this
@vin12345 (577)
• Kerala, India
5 May 17
Nope I have SBI account. @ShifaLk
@ShifaLk (7480)
• India
7 May 17
@vin12345 ohhh now minimum balance must be INR 2000?
1 person likes this
@vin12345 (577)
• Kerala, India
10 May 17
@ShifaLk Yes it is now for SBI.
1 person likes this
@marsha32 (6693)
• United States
5 May 17
I would never sign up for an account where you have to have a minimum balance or get charged because I never have much in my account.
2 people like this
@vin12345 (577)
• Kerala, India
5 May 17
Yes it is not that easy to maintain such balance every time in bank. @marsha32
@amnabas (10309)
• Karachi, Pakistan
4 May 17
That's rediculous. They are really very mean..
2 people like this
@vin12345 (577)
• Kerala, India
4 May 17
Yes they are, and that just clearly creates burden among ordinary people. @amnabas
@LadyDuck (163135)
• Switzerland
4 May 17
In most countries banks now debit charges to keep an account, which is not fair in my opinion.
1 person likes this
@vin12345 (577)
• Kerala, India
4 May 17
And they charge a fee even for the SMS that they sent us @LadyDuck
1 person likes this
@LadyDuck (163135)
• Switzerland
4 May 17
@vin12345 I cannot believe this! They are cheap.
1 person likes this
@vin12345 (577)
• Kerala, India
4 May 17
@LadyDuck I was shocked to see that when I took my bank statement.
1 person likes this
@Nawsheen (23068)
• Mauritius
4 May 17
Bank charges are really very high. Sometimes when you pay your credit cards bill late you will find late charges and finance charges billed. Banks make a lot of money from that
1 person likes this
@vin12345 (577)
• Kerala, India
5 May 17
Yes that's why they flourish so fast @Nawsheen
1 person likes this
@Nawsheen (23068)
• Mauritius
5 May 17
@vin12345 that's true. I hate receiving their annoying calls too at times
1 person likes this
@writerjo (1320)
• India
4 May 17
Yes I also received a message from SBI but minimum balance amount is 5000/- much than for you
1 person likes this
@vin12345 (577)
• Kerala, India
4 May 17
@writerjo that's because of the area that you are in, I'm in semi urban area.
1 person likes this
@writerjo (1320)
• India
4 May 17
@vin12345 Yes I am in major city
1 person likes this
@kamzbd (463)
4 May 17
in my country bangladesh we dont need to pay bank Charges like this. i am happy with my bank account.
@vin12345 (577)
• Kerala, India
4 May 17
You're lucky with that @kamzbd
1 person likes this
@kamzbd (463)
4 May 17
@vin12345 thank you
1 person likes this
@responsiveme (16753)
• India
4 May 17
Yes, I keep telling my son to maintain the reqd balance and not ring up saying no money.
1 person likes this
@vin12345 (577)
• Kerala, India
4 May 17
That's so good @responsiveme
1 person likes this
@TRBRocks420 (79393)
• Banks, Oregon
4 May 17
I dislike bank charges too.
1 person likes this
@vin12345 (577)
• Kerala, India
4 May 17
@TRBRocks420 I think we all do, especially when they charge fee for silly things like message charges.
1 person likes this
• Madurai, India
4 May 17
Bank changes its fee policy every year... Minimum balance It differs from bank to bank... I have savings account it minimum balance is 1000 if i have a cheque i need to maintain 1500...
1 person likes this
• Philippines
4 May 17
This is why we have online websites for us to earn. With out the internet it's just so hard to earn something. So far I'm holding on to the bank since 2008.
1 person likes this
@shivamani10 (11229)
• Hyderabad, India
4 May 17
You are unlucky to have such Saving account.
1 person likes this
5 Jul 17
Oh no! I am sorry for that. Would you be able to write a review to your banks? Sounds like you are being reaped off.
@marlina (74754)
• Canada
5 May 17
Is this a monthly fee?
@allknowing (66488)
• India
5 May 17
There are banks that allow zero balance without charging. You can surf and find out which banks these are.
@nitsbubb (383)
• New Delhi, India
5 May 17
Yes, they should start zero balance accounts. But I think as a student there are some facilities and even your salary account can be zero balance in some banks.