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.