Some banks, including HDFC Bank, have begun charging a maximum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month. The new charges would apply to savings as well as salary accounts effective from today, leading private sector player HDFC Bank said in a circular.

The bank would also cap the third party cash transactions at Rs 25,000 per day, while cash handling charges would be withdrawn effective today, the circular added. In the case of several banks, including ICICI Bank and Axis Bank, these charges came into effect ...