Cash withdrawal fee: 78 per cent disagree with banks' move

Business Standard Twitter poll saw 78 per cent disagreeing with imposition of this fee by some banks

Banks, including HDFC Bank, ICICI Bank and Axis Bank, from March 1 started imposing a minimum charge of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month. The new charges would apply to savings as well as salary accounts. The bank would also cap the third party cash transactions at Rs 25,000 per day, while cash handling charges would be withdrawn.

You can read about then details of this move here:  Banks to levy Rs 150 after 4 cash transactions

Business Standard did a quick poll on Twitter yesterday and