Bank audit
Ketul (Article) (29 Points)
01 August 2011
For what purpose banks are charging processing fees? Is bank require to chrge processing fees every time when C.C A/C is renewed?
Patel Dhiraj
(Articled Assistants)
(48 Points)
Replied 02 August 2011
Hi,
For renew of CC Account every bank collect processing fees on that. It is a income to bank. Only in case of big customer are exempt from processing fees by valid Sanction passed By BOD Or HO.
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