Standard Chartered Bank — Over draw limit fees

Address:

Mysore, Karnataka

Std Chart Bank after permitting to OVER DRAW the credit limit, imposes a OVER DRAW FEES of min Rs. 500/- on the credit card holders. Other Banks have a mechanism to inform the credit card holders, when they are close to the sanctioned limit.

SCB permits to over draw and then impose a penalty on the gulliable customers, which nothing but LOOTING the customers. When the availed limit is close to the sanctioned limit and in case the limit is over drawn, the transaction SHOULD GET DECLINED. But SCB happily permits to over draw, so that they can charge Over Draw Limit Fees.