People will go for alternative services
![study](https://2img.net/i/fa/i/smiles/icon_study.png)
![study](https://2img.net/i/fa/i/smiles/icon_study.png)
![study](https://2img.net/i/fa/i/smiles/icon_study.png)
slstock wrote: I presume this is for CASH only withdrawals.
If you transfer online within account to account, asks for a bank Draft
or say bills pay bills etc online its should not count?
Anycase I saw banks have not been given a directive by Finance ministry yet.
This can get tricky as their previous usual hasty proposals.
How do you calculate ?
What if someone needs Rs 1.2 million for house repair? Should he get taxed too?
What if they need to withdraw Rs 2 laks in CAsh at a time for 6 times within 1 month
Are they going to accumute it?
chutiputha wrote:How this will effect ?
The 2016 budget proposed to charge a certain amount on withdrawals of cash from banks. This proposal stated that a charge of two per cent would be imposed on cash withdrawals of Rs. 01 million to Rs. 10 million and three per cent on cash withdrawals of over Rs. 10 million.
Accordingly, if a depositor withdraws Rs. 01 million from his/her deposits then he/she would have to pay the bank Rs. 20,000 as charges.
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