Summary of "5 Hidden Charges You Should Know | Money Psychology"

Main Financial Strategies and Insights:

Credit Card Awareness:
- Always get confirmation of no fees in writing before signing up for a Credit Card.
- If unexpected charges occur, provide proof of the initial offer to request a reversal.
Handling Inoperative Bank Accounts:
- Understand that banks cannot charge fees on accounts that have been inactive for two years.
- If charged, present the RBI regulations to the bank to avoid fees.
Understanding GST Charges:
- Identify if a business is registered under the composite scheme, which may exempt them from charging GST.
- Use the official GST portal to verify a business's tax registration status.
Loan Management During Rate Increases:
- When banks increase the repo rate, they may extend the loan tenure to keep EMIs the same.
- It is advisable to request that the bank keeps the tenure the same and increases the EMI instead to save on interest payments.
Smart Online Ordering:
- Utilize premium accounts or discounts to avoid delivery fees when ordering online.
- Be aware of UX patterns that may mislead consumers into paying more.

Methodology/Step-by-Step Guide:

For Credit Card Charges:
- Get written confirmation of no fees.
- If charged, use the email proof to request a reversal.
- If unresolved, file a complaint with the RBI within 31 days.
For Inoperative Accounts:
- Check the last transaction date; if over two years, it is deemed inoperative.
- Present RBI guidelines to the bank if charged.
For GST Verification:
- Visit the GST portal.
- Search for the business's GST number or legal name to confirm tax registration status.
For Loan Management:
- When informed of a repo rate increase, ask the bank to maintain the EMI and not extend the loan tenure.

Presenters/Sources:

The discussion involves characters named Abish and his colleague, who provide insights based on their experiences and knowledge of banking and financial regulations.