New Delhi sources have added that the state run lender Bank of India had said it has no plans to levy charges on those "services which are available free of charges currently. Meanwhile it is hereby clarified that Bank of India does not have any plan of levying charges on those services which are available free of charges at present."
On January 10, Financial Services Secretary Rajeev Kumar tweeted: "No proposal by banks to discontinue free services from 20th January. Please Ignore advises Indian Banking Association clarifying that rumors in section of social media are baseless and no such blanket removal."
Moreover the Indian Banks' Association (IBA) also
denied that such a move was in the offing. "There is neither a move by
banks for a blanket removal of free services nor such a thing is being
contemplated”. However, banks, looking at their commercial and operational
costs, would constantly examine and revise charges as the case may be.
