Debit card annual charges hiked: This bank has increased the annual fee for debit cards, know how much more you need to pay
Customers of this bank have been informed about the changes through emails. The changes will take place from May 22, 2023. Kotak Mahindra Bank, a private sector bank has increased its annual charge under the debit card facility which will take effect on May 22, 2023. A 60 rupee increase has been made to the annual debit fee. According to the data provided by Kotak Mahindra Bank, this fee is being collected at a rate of Rs 199 plus GST per year. This fee will be charged to all account types at Kotak Mahindra. The bank has mailed its customers about the latest hike in debit card charges effective from May 22. We would like to inform you that w.e.f. May 22, 2023, Annual Charges on your Kotak Bank Debit Card will be revised from Rs. 199 + GST to Rs. 259 + GST.” Kotak Mahindra Bank offers a variety of types of savings accounts and debit cards as well depending on the account, credit limit, and services that clients want. Here are bank charges that will take effect from June 1, 2023: Fe...