AMB CHRG INCL ST & CESS FOR JAN 2012.
That’s the cryptic transaction wording seen in my HDFC Bank Savings Account for a debit of Rs 386.05. I think I know what this sneaky charge is for — for non-maintenance of some minimum average cash balance in my savings account. HDFC Bank has levied this charge exactly a week back but I noticed this only today while balancing my account. No notification sent whatsoever. Sneaky charge = Bank profits.
Someone at HDFC Bank is going to hear, quite a bit, from me tomorrow. I’ll begin by simply asking them to take a peek at the non-cash balance and by asking them if they’d like me to take this business elsewhere.
7 thoughts on “Tweets on 2012-02-20”
the same happened to me also
@dilpreet: Any luck getting it reversed?
even it has happend to me. Is it reversed back? do we have a process to make this reversal?
@sridhar:
Caught up with work. Yet to call the bank. :-( Will update.
Great Analysis work. Thanks for the tip.
Charges effective 1st Jan 2012
Accounts not maintaining Average Monthly Balance (AMB)
For Urban / Metro branches:
If AMB in the account is between Rs 5,000 to Rs 10,000 – Rs 250/- per month would be levied.
If AMB is less than Rs 5,000 – Rs 350/- per month would be levied.
Thanks Kishore for the information shared.