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'Ridiculous to levy charges on cash transactions,' RCCI seeks FM's help

'Ridiculous to levy charges on cash transactions,' RCCI seeks FM's help

Monday, March 6, 2017, 11:02 AM

Recently, some private and public banks have announced cash transaction charges on their account holders beyond stipulated number of cash transactions, Rajkot Chamber of Commerce and Industry (RCCI) has recommended Union Finance Minister Arun Jaitley to remove charges levied by some public and private banks after certain number of cash transactions at branches. Banks should reduce their administrative expenditure and NPAs to earn more.
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