Changes in bank rules: These 2 banks are going to make major changes in the rules related to savings accounts from next month

Latest Savings Account Charges: Many changes are going to happen in many big banks of the country from May 1. If you also have an account in these private sector banks, then know in advance about the changes coming from next month. Banks are going to change the charges of savings account. The names of ICICI Bank and Yes Bank are included in this list. At the same time, Axis Bank had changed the charges on April 1 itself.

Yes Bank and ICICI Bank have decided to change the savings account service charges from May 1. Apart from this, both the banks have also decided to close selected accounts.

ICICI Bank charges will change

ICICI Bank has decided to revise the charges for certain facilities including Check Book, IMPS, ECS/NACH Debit Returns, Stop Payment Charges and others. According to the website of ICICI Bank, these changes will come into effect from May 1, 2024.

These fees will change

ICICI Bank has changed the annual fees of debit card. From 1st, customers in urban areas will have to pay an annual fee of Rs 200 and customers in rural areas will have to pay Rs 99 annually. Apart from this, if the customer issues more than 25 cheques, he will have to pay a charge. Rs 4 per cheque. If the DD or PO is canceled or the duplicate is revalidated, Rs 100 will have to be paid. Talking about IMPS transaction, for an amount of Rs 1000, you will have to pay a fee of Rs 2.50 per transaction. Customers will have to pay a fee of Rs 500 on ECS/NACH debit card returns for financial reasons.

Yes Bank will also change the rules

Private sector Yes Bank is also going to make changes in many savings account services from May 1. The bank is revising its average minimum balance (AMB). Savings Account Pro Max will require an AMB of Rs 50,000, while the maximum charge has been capped at Rs 1,000. Whereas, Savings Account Pro Plus, Yes Essence Savings Account and Yes Respect Savings Account will require an AMB of Rs 25,000, where the maximum charge will be Rs 750. Axis Bank had also changed the charges on savings and salary accounts. Let us tell you that Axis Bank has changed the rules from April 1, 2024.