Indian Bank PSU Ledger Entries

General
1

I see a lot of debits in my Indian Bank account with the name ‘Bulk Charges’ like 9, 5.7, 3.3 & 1.8. Does anyone know why these ‘Bulk Charges’ are collected ? Is there any formulae to compute these charges ?

2

These charges levied on customers who exceed certain limits on transactions or services** . These charges are typically applied to customers who exceed the limits set by the bank on cash transactions, number of cheque leaves, ATM transactions, and other services

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3

Courtesy: livemint

4

thanks, if you come across the formulae to compute them please upload here.
Many private banks disclose the details but not able to find them for Indian Bank.
I am mostly looking for such charges w.r.t minimum balance, atm withdrawal and NEFT transfers.

5

I would suggest you to ask your bank once (branch visit coz call support is generally poor for PSUs). Remember finance is all about habits. Don’t leave this matter just because the amount is negligible.

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