BANGALORE: Ever been charged more than one overdraft fee and think the bank has its math wrong? Well, you might be on to something.  With the people already facing massive income crisis they are further pinched with unexpected costs at the end of the month, which customers don’t even know about or expect. So in order to avoid many of these charges and save money, here’s a list of five most common hidden charges, which you may already be paying without even realizing, reports Yahoo Finance.

Average Monthly Balance Charges

It is a known fact that all private banks in India ask account holders to maintain a minimum balance. But do we know the aftermaths of these charges? Well certainly not.

As we live in an environment of low interest rates, which means that the interest banks earn on their customers' money is totally from the money they get on accounts with low balances. So in order to avoid this, it is important for users to open an account with a public sector bank where many of them don’t have any minimum balance condition.

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