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Indian mobile payment App BHIM to be launched in Bhutan today
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BHIM-UPI launched in Bhutan
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A new study by IIT Bombay has revealed that several banks, including State Bank of India (SBI), have been imposing excessive service charges on zero-balance or basic savings bank deposit accounts (BSBDA). In fact, SBI alone collected almost Rs300 crore over the past five years from these zero-balance or basic accounts.
The study observed that the SBI’s decision to levy a charge of Rs17.70 for every debit transaction beyond four by the BSBDA account-holders cannot be considered as reasonable. It is usually the poorer people and students who are fleeced and this continues even now in a year-long COVID situation when things have been rough and the poorer sections have borne the worst brunt of lock-downs and restrictions.
How to Sell Online in India: Sector Profile and Step-by-Step Guide
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