Some bankers see it has a good move.
“The direction is very clear that you create a set of accounts where you don't charge for maintaining a balance, but you will be allowed only these services. For any additional services, probably you have to pay," said KR Kamath, chairman and managing director of Punjab National Bank.
Others feel the customers could end up paying more if the banks were allowed to charge for services.
“The alternative is then you will charge for services such as cheque books and ATM transactions. If I start charging for these services, you will actually end up paying more to the bank," said Aditya Puri, MD and CEO of HDFC Bank.