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Bank alert! This bank has hiked minimum balance and SMS charges

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If you are an Axis Bank customer then we have a piece of sad news for you. The bank has hiked several charges for its savings bank account customers, including non-maintenance of minimum balance and SMS charges. All the revisions will take place from May 1.

 

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Axis Bank customers will now have to maintain a monthly average balance of Rs 15000, up from Rs 10,000, according to a report by MoneyControl. Prime and Liberty branded savings account holders will now have to maintain a monthly balance of Rs 25,000, up from Rs 15,000 earlier.

If you fail to maintain these limits then the bank will penalise you Rs 10 per Rs 100 of the shortfall. The minimum charges that the bank can charge as a fine have been decreased to Rs 50 while the maximum charges have been increased to Rs 800 from the existing sum of Rs 600. Meanwhile, if your average monthly balance is less than Rs 7,500, then the bank will charge Rs 800 plus taxes.

As far as the withdrawal charges are concerned, Axis Bank currently charges Rs 5 per Rs 1,000 you withdraw after exhausting the free four transitions or cash withdrawals of up to Rs 2 lakh in a month.

You’ll now have Rs 10 for cash withdrawals after you exhaust your limit from May 1 onwards. HDFC Bank and ICICI Bank haven’t increased their charges yet and their fees still stand at just Rs 5.

Parijat Garg, a digital lending consultant, told MoneyControl, “By charging cash withdrawal fees after exceeding the free limit, the bank is discouraging cash withdrawals beyond the anticipated average use and seeking increased adoption of digital banking means.”

Axis Bank has also increased its SMS charges, as the bank will charge 25 paise for every SMS alert, up to a maximum of Rs 25 per month, instead of the current Rs 5 every month. The rule will be effective from July 1. Notably, the bank won’t charge for one-time passwords and transactional OTPs.

 

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Old Is Gold! This 1 Rupee Note Bundle Now Worth Rs 45,000

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Have you ever found an old note or a coin at our house? Well, mostly they are no longer in tender, meaning that don’t have any value as a currency. But now these old notes and coins are finding their real value as antiques and collectables on online platforms because “paisa sahi mein bolta hai”.

Many buyers of these platforms are happily shelling out thousands of rupees to collect old currency notes and coins. In one such case, a bundle of old Rs 1 is selling online at Rs 45,000.

 

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Value of 1 Rupee note

On an online old currency trading platform Coinbazzar, a one rupee note bundle printed in 1957, signed by Former Union Finance Minister Hirubhai M. Patel and with jumbling number 123456 is selling at Rs 44,999.

“Extremely rare, For collectors, One rupee bundle 1957, Signed by H.M Patel, with jumbling number 123456,” the listing reads. The seller of the bundle is retailing it at Rs 49,999. However, Coinbazzar is offering a Rs 5,000 discount, which brings down the price of the bundle to Rs 44,999.

If you want to buy the bundle, then you need to visit the Coinbazzar website and head towards the shop section. Select “Note Bundles” category and find this listing, along with many other listings of valuable, collectable coins and notes. Besides the note mentioned above, you can also purchase old Indan currency, including old notes of Rs 50 at Rs 8,200, Rs 10, Rs 5 at Rs 2,999, Rs 2 at Rs 4,999, and Rs 100.

 

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Gold rate today May 8: Gold price goes up by Rs 5,100

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Gold prices once again saw an increase on Saturday, as it went up by Rs 5,100 per 100 gram, the Good Returns website showed. This comes a day after the yellow metal hit a two-month high on Friday, boosted by a weaker dollar and a pullback in Treasury yields.

On Saturday, the gold rate per 10 gram rose by Rs 510, following which 10 gram of 22-carat gold price in India is Rs 44,800 and the 100 gram 22-carat gold price is Rs 4,48,000.

On Friday, gold was priced at Rs 44,290 per 10 grams. Notably, gold has been witnessing a hike for the past few days. However, the precious metal is still down Rs 9,000 from August highs of Rs 56,200.

Gold rate in Delhi for 22-carat has remained at Rs. 45,910 and that of 24-carat gold is at Rs. 49,950 with Rs 310 hike and Rs. 210 hike on both the metals respectively.

In Chennai, the gold rate is at Rs 44,970 per ten grams of 22 carats with Rs. 470 hike and 24-carat gold are at Rs. 49,060 with Rs. 570 surge.

The gold rate in Kolkata is at Rs. 46,850 per 10 gram of 22 carats with Rs. 510 hike and the rate of ten grams of 24 carat is at Rs. 49,640 with Rs. 510 hike.

In Mumbai, the gold rates have been at Rs. 44,800 and Rs. 45,800 per ten grams of 22 carat and 24 carat with Rs. 510 hike.

The prices of gold and silver vary across the country owing to the excise duty, state taxes, and other levies. Gold prices also vary in jewellery shops.

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Bank customers alert! SBI, PNB, ICICI issue THIS important warning – Check here

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Know what Bank are sharing with their customers.

India is currently faced with the second wave of Covid-19 pandemic, which is far more ruthless than the first one. While Indians are already facing issues related to mental, physical or financial health, scamsters are cashing in on their plight with their dubious tactics that are hard to catch in the first place.

Even last year, many fraudsters milked the plight of many, sometimes in the name of help, sometimes in the name of treatment and sometimes in the name of giving help. To protect their customers from falling into the trap, three big banks of the country have issued alerts. The aim here is to make their customers aware of the ways thugs can cheat them.

 

READ MORE :  COVID 19- India records 4,187 deaths, 4,01,078 cases in single day

 

Here’s what SBI, PNB and ICICI Bank are sharing with their customers.

SBI :  Beware of QR code scams 

State Bank of India, the country’s largest bank, has cautioned its customers that you should not scan the QR code at all if you are receiving money because when you scan the QR code, you do not get the money. For this, SBI has also released a video.

PNB : Don’t fall for fake calls or SMS 

Similarly, the Punjab National Bank in the public sector warned the customers that if someone tries to call you or tries to mislead you in one or another way, do not fall for it. Do not get involved in any fake call or SMS. PNB has said that fraudsters have all the ways to mislead you.

ICICI Bank : Share with extra care

ICICI Bank has warned customers not to share banking or any financial information with anyone. ICICI Bank has said that its customers should always remember that bank employees do not ask for details of their account by calling or sending SMS. Only a fraudulent person tries to ask you for a bank detail by phone or by sending an SMS or any link.

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Covid-19 Stats

12 May 2021, 4:47 AM (GMT)

Coronavirus Stats

23,588,999 Total Cases
256,940 Death Cases
19,611,259 Recovered Cases

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