Banks to levy charges on deposits and withdrawal. Bank of Baroda and ICICI Banks are the first banks to charge. Reports are emerging related to other banks which might take this steps and the other banks are Bank of India, Punjab National Bank, Axis Bank, Central Bank of India.
According to the reports you can withdraw money 3 times per month for free without any charges and in the fourth time you have to pay fees of around ₹150 flat fee on a loan account.
And for deposits three times are free per month and on the fourth time you have to pay ₹40 on deposits.