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Free banking services not to be discontinued: Centre

ANI  |  New Delhi [India] 

on Wednesday clarified that the of has no proposal to discontinue free services from January 20 and asked people not to pay heed to 'baseless rumours'.

"No proposal by banks to discontinue free services from 20th January.

Pure Rumours. Pl Ignore , advises Indian Association clarifying that rumours in section of are baseless and no such blanket removal.@finmin@pmoindia@PIB@ ANI," Kumar wrote on

There have been reports in certain sections of the media that all free services of Public Sector Banks (PSBs) will cease by January 20, 2018.

The Indian Banks' Association also released a circular stating that banks don't plan to remove free services.

The circular further states that banks are constantly examining commercial and operational costs, and would constantly revise charges if needed.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 19:31 IST
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