In case of a cash transaction at a branch other than where your account is opened, 1-3 transactions are free per quarter.

Beyond that, be prepared to be charged at the rate of Rs 5 per for every Rs 1000 transacted.

7. ATM Charges

If you use the ATM of another bank for balance enquiry or cash, you could be charged anything from Rs 10-100 per transaction.

8. Account Statement

RBI directs that all banks must send free quarterly statements to their customers. Should you require more statements (in case of loss etc), you may have to pay Rs 50-500 per statement.

9. ATM or Debit Card Fees

Most banks offer ATM cards free of cost, but some do charge their customers for debit cards.

Also Read: Know Your Debit Card

For example, ICICI Bank provides a combo ATM/ Debit card, for which it charges Rs 99 per annum.

Over and above these, there are several other charges, like outstation clearing charge (Rs 50- 500), pay order/ demand draft charge (based on amount), standing instruction charges, home cash delivery charges, old records retrieval charges, activation of dormant account charge etc.

Note: Visit the bank's web site or any of the branches, for a copy of these expenses. It is mandatory for every bank to give it to you.

Author: Ketul Shah

(The author is a Chartered Accountant)