Go digital to save cost on banking transactions: All you need to know

• Since demonetisation, banks have started charging for most transactions and are revising them upwards, consistently
• It’s hard to overlook charges now. But using technology can help you save cost, instead of going to a branch for transactions
• Choose a bank closer to your home as charges on transactions done at the non-home branches are higher
• For most transactions, government banks are cheaper than private ones
• Among all charges, the fee levied for non-maintenance of minimum balance remains the highest
• If you want to shift banks, it isn’t easy to do so. In fact, shifting a loan account is easier than closing a bank account