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Sambhar Mafia - Cooked To Kill!

Thursday, January 12, 2006

Charging customers for Internet banking

It looks like banks are targetting all and sundry with a No-frills savings account. Some of the charges are exorbitant and I would be surprised if this becomes a success. These customers might be better off sticking to public sector banks.

Technology is expected to bring down costs, but ICICI Bank is charging an annual fee of Rs. 100 for usage of Internet Banking / Mobile Banking. Few years ago, a Malaysian bank (can’t recollect the name now) proposed an access fee for Internet banking transactions and this move received flak from the customers. The bank had to withdraw it’s proposed pricing for Internet transactions.

6 Comments:

  • Kaps, and the worst part is that these charges are hidden - never transparent and told to the customer... no wonder my parents (and others of their generation) mistrust such banks and their "enhanced services" :)

    By Anonymous charu, at 4:44 PM  

  • From when on did they start charging this amount ?

    --monsh

    By Anonymous Anonymous, at 5:44 PM  

  • Sorry for hijacking the thread...
    Tamil browser.. "valaiyodi"...

    http://www.techtree.com/techtree/jsp/article.jsp?article_id=70553&cat_id=580

    By Blogger PeriyaAnna, at 10:21 PM  

  • it was maybank

    By Blogger visithra, at 12:24 PM  

  • Kaps,
    this is too much.

    By Blogger REFLEX, at 3:13 PM  

  • Its not just ICICI...most of these new banks do that..but ICICI sucks most..

    By Blogger ashok, at 3:47 PM  

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