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HDFC Bank restores old version of its app for users: Here's why it was taken down before

Admin 1 month ago 0

HDFC Bank restores old version of its app for users: Here's why it was taken down before

HDFC Bank has restored the old version of its app for Android users as well as for Apple App customers. HDFC Bank had earlier taken down its mobile banking app as it was not working smoothly with some servers.

The HDFC Bank mobile provides access to services like savings accounts, fixed deposits, debit cards, credit cards, demat accounts among other functions to the customers.

In a statement on Tuesday, HDFC Bank said, “We are restoring the old Mobilebanking app in the App Store and Playstore. This is to prevent inconvenience to customers...Customers who are already using the old app can continue to do so without having to download it afresh.”

"The restored app can be downloaded via the Apple App Store for iPhone and iPad and Google Play.", it said.

However, HDFC Bank also said that the new revamped app would need some more time to fix the glitches.

Meanwhile, Customers who maintain a minimum balance in their accounts will now have to bid a goodbye to the bank freebies. According to reports by Economic Times, the government is all set to levy GST on the usage of free services like ATM, usage of credit cards and chequebooks. All top banks such as State Bank of India, ICICI Bank and HDFC Bank are planning to pass the cost to the account holders.

The tax department in the last two months has sent preliminary notices to the banks. The notice seeks to levy good and services tax on the services such as issuing chequebooks and credit cards, ATM usage and refund of fuel surcharge. The GST notices released in the last two months are different from the ones issued in the April where the banks were to recover about Rs 40,000 crore in service tax and penalties.   

“Most banks are now considering passing on the GST cost to the customer. This would be a pure pass-through and the amount would go directly to the government,” VG Kannan, CEO of the Indian Banks’ Association, told ET. “How much the customer would be charged would differ from one bank to another as that would depend on how the free services are valued.”

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