Old Zee Business video on bank rules revision passed off as recent
Social media users are sharing a video by Zee Business with the claim that new banking rules will come into effect from 20 January 2023.
By Md Mahfooz Alam Published on 3 Jan 2023 3:50 PM IST
Hyderabad: Social media users are sharing a video by Zee Business with the claim that new banking rules will come into effect from 20 January 2023. The anchor in the video can be heard explaining the news charges banks will levy on various transactions.
A Twitter user shared the video and wrote, "Changes in Banking Rule from 20.01.2023." (Archive)
Click here to see the post.
A Facebook user also shared the video and made the same claim.
Fact Check
NewsMeter performed a reverse image of the video's keyframe and found a longer version of the video tweeted by the official handle of Zee Business on 5 January 2018. According to the caption, banking became expensive from 20 January 2018.
We also found that on 10 January 2018, former finance secretary Rajiv Kumar, in a tweet, clarified that there were no proposals by banks to discontinue free services. He also said no blanket rule has been imposed and termed the message doing the rounds on social media rumors.
In another tweet, Mr. Kumar posted a press release by the Indian Bank Association which stated that blanket removal of free charges is neither being moved by banks nor is such a thing being contemplated. It also said, "banks looking at their operational and commercial costs would examine and revise charges."
It is evident that the viral video of Zee Business dates back to 2018. Also, rumors about changes in bank rules have been doing the rounds since 2018. Hence, we conclude that the claim is false.
