Dear Editor,
It refers to welcome directive by Reserve Bank of India (RBI) rightly requiring all the banks to have uniform and transparent system of levying service-charges irrespective of the service being availed from the branch where account exists, or through some other branch of the bank. Department of Financial Services (Banking Division) should take a step further by ensuring common and uniform rates of service-charges and interest-rates at least for all public-sector banks. Banks can compete by better service rather than rates of service charge and interest............
It refers to welcome directive by Reserve Bank of India (RBI) rightly requiring all the banks to have uniform and transparent system of levying service-charges irrespective of the service being availed from the branch where account exists, or through some other branch of the bank. Department of Financial Services (Banking Division) should take a step further by ensuring common and uniform rates of service-charges and interest-rates at least for all public-sector banks. Banks can compete by better service rather than rates of service charge and interest............
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