Axis, HDFC, ICICI banks will charge Rs.150 per transaction after 4 transaction

[lordquanta]

I have an account in DBS.
7% interest on savings account, received EVERY month end.
Considerable cash back, zero minimum balance requirement and unlimited withdrawals from ATM of any bank anywhere in India.

PM me for details  

What ? 7% per month or per annum lol .. are you serious ?
that's bank or HYIP ... So unreal .

I think it should be 7% per annum. Banks are not that generous when it comes to give money to customer.

[1715490466]

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[1715490466]

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[1715490466]

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[1715490466]

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[1715490466]

1715490466

[S_D]

I have an account in DBS.
7% interest on savings account, received EVERY month end.
Considerable cash back, zero minimum balance requirement and unlimited withdrawals from ATM of any bank anywhere in India.

PM me for details  

What ? 7% per month or per annum lol .. are you serious ?
that's bank or HYIP ... So unreal .

It's 7% per annum, interest credited monthly.

Look it up its real and the brand ambassador for this bank is apna Sachin!!

[lordquanta]

AFAIR correctly then there is one such from Reliance as well. Need to check the account type.

[Format.C^]

In India banks will continue to have their dominance over the general public and the reason is not many Indians would be aware about the bitcoins and they have only option of banks for doing their financial transactions and there is no other option left for them but to follow the rules of the banks.

[erikalui]

And what about Government banks? I thought this is only valid on ATM withdrawals but these banks are swindlers. Nice way of charging middle class people. They even reduced the interest rate and withdrawals via slip deposits is also chargeable.

[lordquanta]

And what about Government banks? I thought this is only valid on ATM withdrawals but these banks are swindlers. Nice way of charging middle class people. They even reduced the interest rate and withdrawals via slip deposits is also chargeable.

SBI have gone even few steps forward with limiting only three cash transactions. This means one cash deposit, one cash withdrawal, one cash deposit and you are done. Next deposit or withdrawal will invite penalty. 
There is a crude joke which goes as:  Deposit 10 rupees 14 times in someone (who refused you a treat) in a month, with this you will lose Rs140 but that person will lose Rs. 1500