Hidden Charges You Pay Over and Over Again


Bangalore:  Do you even think of asking about the charges for services that you assume as free? Most of us are unaware that services we think are absolutely free actually have a hidden fee attached. And these charges can be costly sometimes. But the expensive hidden charges individuals pay over and over again are for bank accounts and credit cards. Also, if you don't read the fine print, you'll often end up paying more than you bargained for. Here are some of the hidden charges that your bank applies each month.

1. Charges on opening a new account and not using it.

Setting up a bank account to save some money in indeed a good idea, but if you don’t continue operating that account then you could be penalized. Usually banks impose a non-operative account penalty which could be around 250 plus the service taxes. This might look like a small amount, but as they say a rupee saved is a rupee earned. To get rid of such charges the best way is to close the account which you don’t use.

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