Major Indian banks — SBI, ICICI, HDFC, and Axis — have decided to charge users for cash transactions above certain limits and for a few facilities which were free till now. More banks are expected to follow suit. The new charges ‘Bank transaction fee’ are aimed at discouraging cash transactions though banks might end up profiting from them hugely. Below is what you must know if you have an account in any of these banks: State Bank of India From April 1, SBI will permit savings bank account holders to deposit cash three times a month free of charge. Beyond that, it will charge Rs 50 plus service tax for…