There is a lot of confusion to the bank customers these days. After the merger of some banks, they do not know what is happening. Now there is news that the ATM charges will be hiked.
The banks in fact have reduced the ATMs to save the expenditure. Most of the ATMs are not properly maintained and some of them dont have AC.
Some of them are closed as there is no cash. The banks deduct money for people who do not have ATMs. They deduct money in the name of SMs service also.
Banking in fact is becoming costlier and the days might come where we keep the money in iron boxes like the olden days. The Gold kept in the lockers is not safe, the gold pledged for the sake of loans is also not safe.
There is a chance for the merger of some more banks in the near future. So the Government must take precautions to see that the customers don’t lose faith in the banking system.
But some private banks like HDFC,ICICI are doing exceedingly well. They are doing good business.
