Bank charges include charges which are taken by banks from customers.
In India, banks take following fees in the form of bank charges:
1. Fees for clearing of cheque.
2. ATM annual fees( Rs. 100 in Govt. bank and Rs. 500 in private bank).
3. Fees for use of other ATM after a specific limit. Up to limit, any customer can use ATM of other banks without paying a service charge.
4.Fees for transferring money from one bank account to other online.
5. Rs. 150 penalty (approximate) keeping bank balance less than required limit ( bank balance less than Rs 1000 in Govt. bank and Rs. 5000 in private bank)
6. Interest in respect of overdrafts, charges for exceeding authorised overdraft limits
Accountant should record all bank charges month wise after watching it in online bank statement of company. For knowing the reasons of not matching our bank account with bank statement, we should know the detail of bank charges.
In India, banks take following fees in the form of bank charges:
1. Fees for clearing of cheque.
2. ATM annual fees( Rs. 100 in Govt. bank and Rs. 500 in private bank).
3. Fees for use of other ATM after a specific limit. Up to limit, any customer can use ATM of other banks without paying a service charge.
4.Fees for transferring money from one bank account to other online.
5. Rs. 150 penalty (approximate) keeping bank balance less than required limit ( bank balance less than Rs 1000 in Govt. bank and Rs. 5000 in private bank)
6. Interest in respect of overdrafts, charges for exceeding authorised overdraft limits
Accountant should record all bank charges month wise after watching it in online bank statement of company. For knowing the reasons of not matching our bank account with bank statement, we should know the detail of bank charges.
