What fees does a retail bank charge?

Retail banks in India may charge various fees depending on the services and products they offer. Here are some common fees that retail banks may charge:

1. Account Maintenance Fee: Some banks charge a monthly or quarterly fee for maintaining a savings or current account. This fee is often waived if you maintain a minimum account balance or meet certain criteria.

2. ATM Fees: Banks may charge fees for using ATMs that belong to other banks or are located outside their network. These fees can include withdrawal fees, balance inquiry fees, or transaction fees.

3. Debit Card Fees: Retail banks may charge an annual fee for issuing and maintaining a debit card. This fee can vary depending on the type of card and associated benefits.

4. Overdraft Fees: If you overdraw your account or use overdraft facilities, banks may charge fees or interest on the amount overdrawn. These fees can vary based on the overdraft limit and terms agreed upon.

5. Transaction Fees: Certain types of transactions, such as fund transfers, demand drafts, or checkbook requests, may be subject to transaction fees. These fees can vary depending on the type and amount of the transaction.

6. Foreign Transaction Fees: If you use your debit or credit card for transactions in foreign currencies or outside of India, banks may charge fees for currency conversion or international transactions.

7. Loan Processing Fees: When applying for loans, such as personal loans, car loans, or home loans, banks may charge processing fees. These fees are typically a percentage of the loan amount.

8. Chequebook Issuance Fees: Banks may charge a fee for issuing a new chequebook or additional cheque leaves.

9. Demand Draft Fees: If you request a demand draft from the bank, they may charge a fee for issuing it.

10. SMS or Email Alert Fees: Some banks offer optional SMS or email alerts for account activities, and they may charge a nominal fee for this service.

It's important to review the fee schedule provided by your specific retail bank to understand the fees they charge for their services. Banks are required to disclose these fees to customers, and you can typically find the fee schedule on the bank's website or by contacting their customer service.