INCIDENTAL CHARGES TO S B A/C

This query is : Resolved

SIDDAROODHA HIREMATH (Querist)
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17 June 2011 RESPECTED SIR....
MY QUERY IS THAT WHETHER AN INCIDENTAL CHARGES CAN BE CHARGEABLE TO OPERATING SAVING BANK A/C OF CUSTOMER ?... IF YES UNDER WHICH SECTION/CIRCULAR/NOTIFICATION.

PLS CLARIFY THE MATTER..

THANKING YOU..

CA Sreenivasa Rao Munaga

CA Sreenivasa Rao Munaga (Expert)
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17 June 2011 Incidental Charges are generally levied for in the below scenario.

Where minimum balance is to be maintained has not maintained by the account holder. In such a case incidental charges will be levied by the bank

Thanks,
CA M Sreenivasa Rao
R&S Associates