What is Bulk Charges in Indian Bank ?

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Bulk Charges in Indian Bank

Bulk charges are fees charged by Indian Bank for processing high-volume transactions. These charges can apply to a variety of transactions, including cash withdrawals, fund transfers, and cheque clearances.

What are Bulk Charges?

Bulk charges are typically charged when a customer exceeds a certain threshold for a particular type of transaction. For example, an Indian Bank customer may be charged a bulk charge for withdrawing cash from an ATM if they exceed a certain number of withdrawals in a month.

Types of Bulk Charges in Indian Bank

The following are some of the types of bulk charges that may be applied by Indian Bank:

  • ATM withdrawal charges: These charges are typically applied when a customer exceeds a certain number of ATM withdrawals in a month.
  • Cash deposit charges: These charges are typically applied when a customer deposits a large amount of cash into their account.
  • Cheque clearance charges: These charges are typically applied when a customer clears a large number of cheques in a month.
  • Fund transfer charges: These charges are typically applied when a customer transfers a large amount of money between their accounts or to another bank account.

How to Avoid Bulk Charges in Indian Bank

There are a few things that customers can do to avoid bulk charges in Indian Bank:

  • Stay below the threshold for the number of transactions that are subject to bulk charges.
  • Use online banking or mobile banking to make transactions, as these methods typically do not incur bulk charges.
  • Consolidate their transactions into fewer larger transactions, as this can help to avoid multiple bulk charges.
  • Contact Indian Bank to see if they offer any discounts or waivers for bulk charges.
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I hope this article has been informative. Please let me know if you have any other questions.