Business Today

All Banking Facilities Must Be Charge-free

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This refers to your special story on cashless economy ( Digital Highways, May 21). To promote cashless transactio­ns, all banking facilities must be charge-free, or at least new charges must not be levied. Like a tax-free holiday, the Reserve Bank of India must ban all new charges on its customers forever. Why should a person pay for withdrawin­g or depositing his/her own money? This is the most ridiculous charge that has been levied by the banks. If they are giving us service, we are also giving them money for safe-keeping. Such absurd charges would lead people to shun the banking structure. A penny saved is a penny earned. Wise people would rather avoid banks altogether Mahesh Kumar, New Delhi

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