CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following private bank will charge a minimum of Rs 150 for cash deposits and withdrawals after four free transactions in a month
A
IndusInd Bank
B
Yes Bank
C
IDFC Bank
D
HDFC Bank
Explanation: 

Detailed explanation-1: -Some banks, including HDFC Bank, have begun charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

Detailed explanation-2: -Free cash withdrawals upto Rs. 50, 00, 000/-per month, beyond which charges Rs. 2 per 1000, min Rs. 50/-per transaction on incremental amount; Third party cash withdrawal allowed only up to maximum Rs.

Detailed explanation-3: -Metro cities are allowed 3 free ATM withdrawals while other cities can get up to 5 free withdrawals through debit cards. A charging fee of ₹10 is levied on other withdrawals. The cash withdrawal limit of classic cardholders is ₹25, 000 while platinum cardholders can withdraw up to ₹50, 000.

Detailed explanation-4: -Cash withdrawal-Rs. 20 plus taxes per transaction. Non-Financial Transaction-Rs. 8.5 plus taxes per transaction.

There is 1 question to complete.