Wednesday, June 11, 2008

RBI Study on Courier/Postage Charges of Banks

The Reserve Bank of India has today placed on its website the details of courier/postage charges levied by banks for information to the public.

It has been reported to the Reserve Bank of India that many banks charge for various services offered by them disproportionate to the cost incurred by them. It was decided to conduct studies in the matter and as a first study, information in respect of courier/postage charges levied for collection of outstation cheques and for sending statements/cheque books, etc., to the customer was collected. The results of the study have been compiled in the form of a table that has been put on the Reserve Bank's website (www.rbi.org. in). The Reserve Bank of India will be conducting such studies from time to time in respect of other charges and will put the results on the website.

Alpana Killawala
Chief General Manager

Press Release : 2007-2008/1574

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