Banks Not Content With Higher Fees

Electronic banking charges are higher than what customers pay, says the Central Bank of Iran's deputy governor for innovative technologies, elaborating the reasons behind the recent increase in bank fees. 
"Bank service charges in Iran is significantly lower global norms. The CBI last week increased the fees by 20%, though 20% is not enough to cover the wide gap between costs and the fees banks receive," CBI's public relations department quoted Mehran Moharramian as saying on Monday.
The central bank has required banks to charge customers higher fees for their services. The higher rates will come into effect from Nov. 22.