Back to Career News

Prepare Yourself to Pay More for Banking Services Including ATMs, Cheque Books

December 04, 2018

Prepare Yourself to Pay More for Banking Services Including ATMs, Cheque Books
Banking customers will soon have to shell out more money for banking services as many of the facilities such as ATM cards and checkbooks that are free today will become chargeable soon. 

On several occasions in the past few months, the income tax department had sent notices to the banks asking them to impose GST on services like ATM usage, issuing additional ATM cards and checkbooks, etc. Although most banks have agreed to start levying an 18% GST on these services, they say they will do so after considering the demand of these services first.

Recommended for you ...

India's UPI Transactions Dip Slightly in April 2024
India's UPI Transactions Dip Slightly in April 2024

May 03, 2024

Manipal Group's Claypond Capital and Axis Bank in Talks to Invest in Gold Loan Startup Rupeek
Manipal Group's Claypond Capital and Axis Bank in Talks to Invest in Gold Loan Startup Rupeek

May 03, 2024

Airtel Payments Bank CEO Optimistic About Strong Growth Trajectory in India's Digital Banking Landscape
Airtel Payments Bank CEO Optimistic About Strong Growth Trajectory in India's Digital Banking Landscape

May 03, 2024

Chat on WhatsApp