44 thoughts on “21 Hidden Charges in Saving Bank Account”

  1. MMS Charge deducted by Idbi Bank
    Amount Rs50/-
    Although sufficient balance in my saving account
    Want to know
    What is MMS Charges?Where is applicable?

    1. it would be MMS Charges (Mandate Management Charges) which is like signature verification. Ask the customer care for details

  2. I have IOB SB account.. they have charged 51rs for minimum balance maintenance charges continuesly 5times on same day on June 2018 but I have more than 20k in my account .i asked them y the amount has charged …they replied… Because you didn’t keep MBM From Jan 2017 to June… but I checked my statement… for that they have charged already ..i asked them you have charged already for this… then y again u charged? They replied this charges for Jan 2016 to June….

    I couldn’t understand… Is it any norms to deduct like this?

  3. mukesh c. dobhal

    good information……more sld be there…..as banks hv issued for service charges on every debit n credit…..

  4. it is unethical to deduct account closing charges when account is more than 5years old , sbi bank deducted 500 rs as account closing charges when my account was more than 5 years old . is it ethical for bank to do so

  5. M Vikram Bharadhwaj

    Yes same thing happened for my account also. They have debited Rs.632.50. This might be due to maintaining lower balance in the account for a longer period.

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