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RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank s directions. ....

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RBI fines Mumbai bank for levying extra charge on ATM cards

RBI fines Mumbai bank for levying extra charge on ATM cards
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RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank's directions.The statutory . ....

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RBI Fines Mumbai Bank For Levying Extra Charge On ATM Cards

RBI Fines Mumbai Bank For Levying Extra Charge On ATM Cards
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RBI slaps Rs13.30 lakh penalty on SVC Coop Bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank’s directions. ....

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