clarification

TDS is not applicable on bank charges

Yes, Mr Chawala is right

NO TDS on Bank Charges

Yes TDS is not applicable on bank charges and other charges including interest paid to bank.

If the assessee is paying int on car loan to the bank tds is not applicable.

even for the int paid to transport compnay tds is not applicable (applicable only if assessee is covered U/s 44AB)

Interest and finanace charges paid to bank is is exempt from TDS provisions. For interest paid to transport company TDS applicability depend on the status of assesse. In case of Individual & HUF the exemption is available if they are not covered under 44AB, else the TDS will be applicable. 

If the assessee has paid "interest" (i.e. charges for using funds) then it is liable for TDS. Using alternative word for interest such as "Finance Charges" will not change the position. However if it is paid to SBI then, No TDS required. if it is paid to the Sri ram transport company as you have written, deduct TDS.

Nowadays, these finance companies, particularly private Financers are using the word "Finance Charges" in their statements, it is nothing but chrages for using their funds for a particular period. it has the nature of interest.

The suggestion given by Mr Chaudhary is highly appreciable. Knowledge increases through sharing.....

As the loan statements and agreements are related to Bank and you. So no liability to deduct TDS arise.