Nov 04, 2005 01:55 PM
2361 Views
(Updated Nov 04, 2005 01:59 PM)
HDFC bank levies tons of hidden charges. eg. When depositing a foreign currency check, it levies a commission (eg. Rs 300), on which, it further levies a 10.2% service charge, which totally show up as 3 debits in the statement (the Rs 300 commission, the 10% svc-tx and the 0.2% cess). All this makes balancing our books very tedious. I understand these are costs for them. But I would have been a happier customer if they had simply raised their commission to factor in their costs, and spared me all their ''passed-on'' service taxes.
Ditto thing happens on their annual debit card charges, and the charges that they levy when using a non-HDFC ATM.
I dont mind paying the Rs 300 commission, or the debit card charges, or the fees for using a non-HDFC ATM. Its just the multiple lines of svc-tx and cess that they pass on to me thats so annoying. It makes my life tedious, and it looks petty and cheap on the bank's behalf.
In my opinion, ICICI Bank is much better in this regard. In my experience, their USD-INR conversion rates are also better. Furthermore, they have FREE online bill payment service, unlike HDFC Bank.
