With Reserve Bank of India in all favors for deregulating savings bank account rates, customers are expected to be in a win win situation. But the scenario may not completely be a win win for customers in reality with lenders planning to levy charges for the services associated with this account.

The RBI has recently raised the savings bank account rate to 4% during the annual monetary policy of this fiscal.

The transaction charges will go up for the consumers if the rates on savings bank accounts keep on going up...the banks also have to survive," HDFC Bank Managing Director Aditya Puri said.

"The pressure on net interest margins is likely to further increase if the RBI deregulates savings account deposit rates," said credit rating agency Crisil.

Central Bank of India Chairman and Managing Director S Sridhar said, "Levying of transaction charges is a trade-off."

"If you go to any foreign country, banking is so costly...banking is expensive. Try getting a cheque book in a foreign bank," he said.