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Bank MEMBERSHIP FEE INCL ST & CESS Charged For Credit Card MEMBERSHIP FEE INCL ST AND CESS Charged For Credit Card?

0 votes
19 views
asked Mar 7, 2016 in Others by Yandralal Thakre

Dear Sir/Madam, I am having Credit Card Customer. Would you please explain to me why my account is charged with ST and CESS on Credit card fee(Rs-572.50) Requesting you to explain what would have caused this charge on my Credit Card Account.
Thanks
Yandralal Thakre

1 Answer

0 votes
answered Mar 9, 2016 by Raja
Dear Yandralal

At the outset, let me clarify that this site is designed and managed by a group of Senior Banking Professionals to assist Bank Customers at large to provide guidance for resolution of any complain/query/grievance in respect of financial services. This site does not belong to any Bank or a regulator, which may please be noted.

I assume, you are okay with the credit card joining/annual fee.  As per government guidelines, every fee comes with Service Tax and Cess.  It is a must.  

RAJA

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