What Is Cons Charges In Axis Bank?

What is monthly service fee in Axis Bank?

Monthly Service Fee (AMB) of Rs.10 for every Rs.100 shortfall in required balance or Rs.250, whichever is lower, with a minimum charge of Rs.150.

Waived off if AMB is maintained.

* 15 transactions free per month post which charge of Rs.75/transaction would be levied..

What is the minimum balance to maintain in Axis Bank?

Axis Bank Minimum Balance Requirements The minimum balance amount ranges from as low as Rs. 2,500 to Rs. 1,00,000/-.

Can we change Axis Bank mobile number online?

There is no way to change your Axis Bank mobile number online. You can do it by visiting your home branch and by using your Axis Bank ATM Card.

What do you mean by consolidated charges in Axis Bank?

Home > Bank Accounts > All Savings Accounts > Fees And Charges > What are Consolidated Charges. … These charges are consolidated and levied at the end of the month to your Savings Account under the header ‘Consolidated Charges’.

Is SMS banking safe?

WANNEMACHER: Mobile banking, on the whole, is more secure than many other activities online, including certain types of shopping. That’s partly because banks often have strong security by necessity, and partly because consumers tend to be more careful when their money is at stake.

How is Axis Bank AMB calculated?

MAB is calculated by dividing the sum of the closing balance in your account of each day with the number of days in a particular month (as illustrated in the table below).

What is Axis bank lien amount?

Coming to the point, Axis Bank “marks Lien on the available balance” only where there is any overdue amount from you towards their Credit card or other Loan products.

Which Axis bank account is best?

Prime Savings AccountUnlimited (free) cheque books, without any charge.Unlimited (free) Demand Draft (DD), without any charge.A Secure Plus Debit Card, at a zero issuance fee.Daily withdrawal limit of Rs 50,000 at ATMs.Daily limit of Rs 75,000 on shopping transactions.Earn Axis eDGE Reward points.More items…•

Is Axis ASAP zero balance account?

ASAP Instant Savings Account Axis Bank launched their first ever digital savings account named Axis ASAP that can be opened anytime and anywhere by simply using your Aadhaar and PAN details. It is a zero balance savings account which offers a complimentary virtual debit card / optional Visa Online Rewards Debit card.

What is monthly average balance in Axis Bank?

Average Balance refers to the average amount to be maintained in your account, over a certain period. Depending on the scheme and branch category (Metro/Urban/Semi-Urban/Rural), there are 3 types of Balances, Average monthly balance (AMB), Average quarterly balance (AQB) and half-yearly average balance.

How can I stop Axis Bank SMS charges?

Steps to unsubscribe from SMS Banking at the ATMInsert the card and enter PIN number.Select ‘Registrations’Select ‘Alerts’Select ‘Account Type’Select ‘Unsubscribe’

Does Axis Bank charge for debit card?

Axis Bank Titanium Prime Debit Card Fees include an issuance fee of Rs. 50 along with an annual usage charge of Rs….Fees and charges for Titanium Prime Debit Card.Card PlatformMasterCard Titanium PrimeIssuance Fees50Annual FeesRs. 150Replacement FeeRs. 200ATM Withdrawal Limit (Per Day)Rs. 50,0005 more rows

How Axis Bank calculate minimum balance?

To calculate the MAB, you need to add each day’s end-of-the-day balance and divide it by the number of days in that month. Assuming, a bank asks that you maintain Rs 5,000 as average monthly balance: On July 1, the balance in the account is Rs 5,000.

Which bank is better HDFC or Axis?

Some of the key results of the comparison between the two banks are: Lowest Interest rate of Axis Bank Personal Loan is 10.49%, which is lower than the lowest interest rate of HDFC Bank at 10.50%. … HDFC Bank can be a better option if you are looking for a high value amount.

Are consolidated charges in Axis Bank refunded in any case?

Yes, they can be. Refer to copy of the schedule of charges signed by you during account opening or you can ask for its copy in the bank. … Charges reversal depend on case to case basis.

How can I close my Axis Bank account with negative balance?

But if you want to close Axis Bank account with a negative balance then you have to pay the complete negative balance to the bank. Without paying that negative balance you can’t close your bank account.

How can I close my Axis bank account?

After withdrawing all the money, you can visit the branch and obtain an account closure form from the bank. Once you receive the form, you can fill the form. Do remember to take your passbook, debit card, checkbook and an ID proof along with you. You can also save a photocopy of these documents for future reference.

Which bank has minimum charges?

List of All Banks Savings Account Interest Rates and Minimum Balance 2021List of Savings Account BanksMinimum Balance Required(INR)Savings Account Interest Rates (p.a.)Digibank03.50% – 6.00%Federal Bank02.25% – 3.65%HDFC Bank2500/5000/10000/250003.00% – 3.50%ICICI Bank0/1000/2000/2500/5000/100003.00% – 3.50%33 more rows