Bank kyc

This query is : Resolved

CA Bhart Porwal (Querist)
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12 May 2014 A Student taken a Education loan from bank.

The Bank has payment the Fee directly to Collage through DD of regarding Education Loan .
Query of this when Bank issued a DD for payment of fee then not DD Charged From Student .

the DD charge mention in Service Charge of Bank
Please Expert express his Opinion
why bank relief to DD charge for Student .
what is not loss of Bank revenue .

Guest

Guest (Expert)

12 May 2014 Many banks provide Free facility of DD due to their Marketing Strategy... We have a bank named urban cooperative which provide dd free of charge only to the students...........

you can make n number of dd if u r students without any charge...

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