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What are bulk charges?

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0 2023-08-01T21:11:40+00:00

As per my knowledge, in a bank, bulk charges referred to fees that consumers pay for an extensive number of transactions or activities. These fees are incurred when a consumer does more transactions than allowed, such as performing too many cash withdrawals or excessive transfers in a short period of time. These fees are typically assessed against companies, corporations, and other enterprises that keep substantial sums of money in their accounts or engage in a lot of high-value transactions. For keeping such bank accounts with a premium average monthly balance, the Indian Bank levies a fee.

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