This PSU Bank plans charge for Passbook updation

Bank of India has placed a notice of ‘Proposed charges’ from 20.1.2018 on its website which includes among others, a Rs 10 charge per updation of passbooks.

As per the notice, several bank services which were hitherto free are proposed to be made chargeable.

These services include updation of passbook for which Rs 10 is to be charged per updation which would be auto debited from the account holder’s account.

The other services that will cost you January 20th onwards include – Cash withdrawals, cash deposit, getting a balance statement, getting the KYC updated, signature and photo verification, cheque deposit, getting an interest certificate, requesting unblocking of internet or mobile password. However, as per the proposals, these two services continue to be free – stop payment and standing instruction request.

The notice of proposed charges is available on its website and can be seen Here . It carries the name “Proposed intersol activities and charges’ to be effective from Jan 20, 2018.

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