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What is Folio Amt Fixed for CA Charges

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 Folio AMT Fixed for CA Charges  means ledger account maintenance of your current account charges. If you have opened current account in bank, bank need to record the transactions of your current account, so, bank will deduct their charges in the form of Folio Amt Fixed for CA. In past, accountant of bank records of current account transaction manually, now this process done through computer software. But bank is giving your current account transaction accounting services, so, he will automatically deduct same fees from your current account. You can see my canara current account bank statement, canara bank deducted Foilo Amt for CA  charges 



End of Every three months, canera bank deducts this Charges from my Bank account.

 So, in one year, bank deducted folio amt fixed for ca Charges 

148* 4 = Rs. 592

Why happened it to me.

Actually, I am online publisher. For connecting it with ads revenue, I opened my partnership and partnership has current account not personal account. So, my ads revenue comes in this current account. That is reason, I am paying this Rs. 592 per your extra cost.

My improvement

My future plans for saving these charges

Now, I have connected my ads network with my saving account. Now, I have just to add it as primary account for getting earning. There is no Foilo amt fixed ca on saving account. So, I can save this expenses. Because I know if I save Rs. 1, it means I earn Rs. 1 and same Rs. 1, I can invest for my financial free future.

I suggest you if there is no transactions like me in current account and if you can shift it in saving account, it will be good to close current account and save your money.

Related Charges : What is Slabwise NMMB Charges 

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Svtuition: What is Folio Amt Fixed for CA Charges
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