Why all the fee is hidden and usually charged without notice?
I have been charged a fee in excess of Rs. 600 for not having enough balance in the savings account for a SIP whereas I had enough money in the FD - if I had known this I would have simply moved money from FD to the savings account.
From this article, I came to know that it’s known as ECS fee. https://www.moneycontrol.com/news/business/personal-finance/all-about-the-charges-and-penalties-that-banks-levy-5544731.html