 "Go digital to save cost on banking transactions: All you need to know")
- Since demonetisation, banks have started charging for most transactions and are revising them upwards, consistently
- It’s hard to overlook charges now. But using technology can help you save cost, instead of going to a branch for transactions
- Choose a bank closer to your home as charges on transactions done at the non-home branches are higher
- For most transactions, government banks are cheaper than private ones
- Among all charges, the fee levied for non-maintenance of minimum balance remains the highest
- If you want to shift banks, it isn’t easy to do so. In fact, shifting a loan account is easier than closing a bank account
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