Ministry Of Finance Govt. Of India — bank charges for more than 5 cash deposits into sb account | |||
Sir, I am operating a small car parking service at my property in kochi. As i am not personally involved in the day to day management the supervisor has been instructed to deposit the daily collection my sb bank account at the bank of baroda, pallimukku branch, kochi - 682016 (Acct no[protected]. This also helps in keeping tab on the correct accounting. Unfortunately i have realized that bank charges are levied if more than 5 cash deposits are made per month.. This is forcing me to retain cash in the hands of the supervisors for which could be misused. Being a small car park, non cash transactions are not practical. I therefore request you to kindly take away this levy for "depositing" cash in the bank. I am sure many daily wage earners would be hesitating to deposit money in the bank for fear for paying up additional bank charges. Dr. K k diwakar Was this information helpful? | |||
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