The charges aren't much - Rs 15 per quarter for savings/salary accounts and Rs 25 per quarter for current accounts.
According to the article, the bank offers many types of alerts.
The Bank’s InstaAlerts service allows customers to keep a track of various payments and receipts, get reminders for timely payment of utility bills and receive intimations when the balance falls below a pre-specified limit. InstaAlerts delivered through emails would remain free.
Well if you haven't seen it's not the private but the PSU banks who are in forefront charging same.
I have Canara and SBI account and both do charge same.In private I only have HDFC and they don't charge such things.Or might be because my family have fixed deposit I am free from such hassle.
Also these days charging all transaction was the recommendation.But soon it came out it was the public bank SBI who wants same as they are the net loser as they have highest debit card and their card is mostly used in other banks ATM. Hence they have to pay fees for same to other bank. Whereas HDFC said straight we don't plan to act such things unless banking regulation are change to charge the same.
It's not that I am taking HDFC side. But it's all the PSU which are ahead these days to grab money.