ICICI Bank recently charged me Rs 100 for three month’s statement that I needed to apply for visa. Can they charge such a high sum?
Yes, banks can charge fee for services provided by them
ICICI Bank recently charged me Rs 100 for three month’s statement that I needed to apply for visa. Can they charge such a high sum?
Kartik Kumar Sahai, Ghaziabad
Yes, banks can charge fee for services provided by them. In recent times, the charges on services are being frequently reviewed and updated. You should have checked the cost for the service with the bank before seeking the statement. Banks are usually mandated to inform customers about any increase in charges. While such notices are placed inside the bank branch, chances of noting the rates are low. Moreover, bank websites also indicate charges and fee on services provided and offered by banks. Be careful before asking for a bank statement next time around.