The Samajwadi Party Odisha, State committee on Monday in a letter to the Reserve Bank of India (RBI) Governor requested him to reconsider the proposed charges on monthly balances, cash deposits and ATM withdrawals and demanded its rollback in the greater interest of customers.
In the memorandum, submitted through the RBI Regional Head here Samajwadi State president Rabi Behera stated that private banks like HDFC, ICICI and Axis Bank have increased their service charges on ATM withdrawals by the customers and other day to day bank transactions.
Now, the SBI has proposed to levy service charges on monthly balance, cash deposits and ATM withdrawals which will be in our view financial services terrorism on bank customers, stated Behera.
After the demonetisation on November 8, the people of the country are facing a lot of difficulty in their daily life. Banks across the country have failed to provide basic services to their customers. Even more than 150 people have died standing in the queues, he said.
At present banks across are facing huge financial liabilities due to NPA of more than 6.5 lakh crore. Even in Odisha today more than 70 per cent people are out of banking system.
The banks which are supposed to give a social ethos and human touch to their services have lost this objective. Most of the time, their action is leading to over burden common man and its customers, said Behera,