Axis Bank Charges refers to the charges levied by the Axis Bank for the services offered to ts customers. Having adequate information about these charges is crucial for effective financial management and to prevent unnecessary penalties. You can optimise your banking experience with a knowledge of Axis Bank consolidated charges.
Bank Charges are nothing but various charges collected by a bank for offering several financial and non-financial services. It could be ATM usage charges, minimum balance non-maintenance charges, ledger folio charges, loan processing charges, funds transfer charges, credit card charges, credit card delayed payment charges, etc. The schedule of charges is different for each bank. It is important to understand the various bank charges collected by your bank and use the services prudently to avoid unnecessary expenses.
Axis Bank is one of the leading private banks in the country. The bank offers a comprehensive range of financial services to corporates, business establishments, and individuals. With PAN India presence, the bank provides various financial services like loans, investment options, insurance etc. The bank is known for its customer-centric approach and technological innovation.
Axis Bank collects charges for the financial and non-financial services rendered by the bank. The common charges collected by the Bank are:
Axis Bank Consolidated Charges
Axis Bank has stipulated various charges for the accounts maintained with the bank. These include charges for non-maintenance of minimum balance, Axis Bank debit card charges, Axis bank credit charges, ATM withdrawals beyond the prescribed limit, check return charges and auto-debit failure charges. All these charges are combined and debited to the account at the end of the month. These charges will be collected under the header ‘Consolidated Charges’. Axis Bank consolidated charges depend on the type of savings account you maintain.
Axis Bank Minimum Balance Charges
Axis Bank provides several savings account options with varied facilities. A minimum balance is stipulated for these accounts. In the event of non-maintenance of minimum balance, the bank collects minimum balance non-maintenance charges i.e., Axis Bank Minimum Balance Charges.
Axis Bank Credit Card Charges
Axis Bank Credit Charges are collected under various headings. Some of the applicable charges are Credit Card issuance charges, renewal charges, late payment charges, interest on liability after 45 days free period, etc.
Axis Bank Debit Card Charges
Debit cards are issued free of charge at the time of opening an account with the bank. In the event of loss or damage of the card before the expiry date, Axis Bank Debit Card Charges are collected for issuing replacement cards.
Axis Bank Current Account Charges
For maintenance of current accounts the bank collects some service charges. Axis Bank Current Account Charges include non-maintenance of minimum balance, cash handling charges beyond the free limit, monthly service charges, and ledger folio charges are some of the key charges.
Axis Bank Demat Account Charges
Account maintenance charges are a part of Axis Bank Demat Account Charges
Some of the Axis Bank Charges are mandatory for every customer whereas some of the charges can be avoided to avoid unwanted expenses. Here are some tips you can follow and control your expenses.
- Maintain the stipulated minimum balance in your account at all times.
- Use ATMs within your bank’s network.
- Plan your deposits and withdrawals within the minimum number stipulated for a month to avoid transaction charges.
- Make credit card and EMI payments within the due date to avoid late payment fees.
- Choose banking products that align with your requirement to avoid unnecessary charges.
- Opt for automatic debits to avoid delayed payments.
- Stick to digital transactions and opt for e-statements.
Axis Bank allows up to 5 free ATM transactions. Beyond this limit, Axis Bank collects charges for each transaction. The Axis Bank charges for ATM transactions beyond the limit are fixed and do not depend on the amount of transaction.
|Transaction Type||ATM Charges|
|Axis/Non-Axis Bank-Cash withdrawal beyond the limit||Rs. 20 + applicable GST per transaction|
|Axis/Non-Axis Bank-Non-financial transaction beyond the limit (balance enquiry)||Rs. 8.5 + applicable GST per transaction|
Axis Bank provides locker facilities for safe custody of valuable articles and important documents. Annual locker charges will be collected for providing this facility. Axis Bank charges for locker facility will depend on the size of the locker chosen and the location of the customer. Given below is the list of annual locker rent charged by the bank.
|Location||Size of the Locker||Locker Charges in Rs|
|Rural||Small Medium Large X Large||1500 2200 5000 10000|
|Semi-Urban||Small Medium Large X Large||1700 2500 5500 11000|
|Metro/Urban||Small Medium Large X Large||3105 6900 11800 14256|
|NEFT Outward Charges||Charges (Amount in Rs)|
|NEFT from Branch||Up to 10000- Rs.2.5 + GST10001 to 1 lac-Rs.5 + GSTAbove 1 lac to 2 lacs- Rs.15 + GSTAbove 2 lacs- Rs.25 + GST|
|NEFT from other digital channels||Free|
|NEFT Inward Charges||Free|
|RTGS Outward Charges||Charges (Amount in Rs)|
|RTGS from branch||2 lacs to 5 lacs- Rs.25 + GST5 lacs and above- Rs.50 + GST|
|RTGS from other digital channels||Free|
The charges for IMPS at Axis Bank is as given below
- Up to Rs. 10000-Rs. 2.50 +GST
- Rs. 1000 to Rs.1 lac-Rs. 5 + GST
- Rs. 1.00 lac to Rs. 5 lac-Rs. 10 + GST
Axis Bank Charges : FAQs
The Axis Bank charges for savings bank accounts include non-maintenance of minimum balance fees, cheque return charges, cheque book charges, transaction charges beyond the limit, etc.
Yes. Axis Bank charges apply for the replacement of lost/damaged debit cards.
Use digital modes for NEFT/RTGS transactions to avoid charges.
Yes. Axis Bank charges for physical copies of account statements. E-statements are free.
Axis Bank allows a certain number of ATM transactions free of cost. Any transaction beyond the limit is charged.