Question: What Is Non Home Charges In Axis Bank?

What is cash transaction non home charges?

For home branch transactions, the bank will allow deposits or withdrawals of up to Rs 2 lakh free of cost at one go per day.

Beyond this, they will be charged at the rate of Rs 5 per Rs 1,000, or Rs 150.

4.

At non-home branches, transactions beyond Rs 25,000 a day will attract a charge of Rs 5 per Rs 1,000, or Rs 150..

What is the minimum balance for Axis Bank?

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

What happens if minimum balance is not maintained in Axis Bank?

If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month! Source – PTI. Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB).

What is the cash transaction?

A cash transaction is the immediate payment of cash for the purchase of an asset. Some market stock transactions are considered cash transactions although the trade may not settle for a few days. A futures contract is not considered a cash transaction.

Does Axis Bank charge for debit card?

Goods and Services Tax will be applicable on all the above mentioned fees & charges….Online Rewards Debit Card Fees and Charges.Issuance Fees- Primary/JointRs. 500 + TaxesAnnual FeesRs. 500 + TaxesATM Withdrawal Limit (Per Day)Rs. 50,000Purchases Limit per dayRs. 5,00,000Lost Card LiabilityRs. 1 Lakh4 more rows

What is monthly service fee in Axis Bank?

Rs.10Monthly Service Fee (MSF) of Rs. 10 for every Rs. 100 shortfall in required balance or Rs. 300, whichever is lower, with a minimum charge of Rs.

What is the charge for not maintaining minimum balance in Axis Bank?

Axis Bank:Monthly Average BalanceRs 10,000If Monthly Average Balance is not maintainedRs. 10 per Rs.100 of the shortfall from Average Monthly Balance Requirement or ₹ 500, (plus GST) whichever is lower with a minimum charge of ₹ 100Dec 9, 2018

Does Axis Bank have zero balance account?

Axis Bank’s zero balance account offers a zero balance facility, a free debit card and unlimited free cash deposit. Axis Bank’s zero balance account allows you to access more than 12,000 Axis Bank ATMs, over 2,500 Axis Bank branches as well as internet, mobile and phone banking services.

What happens if minimum balance is not maintained?

Banks charge different charges based on the location of the account. The minimum balance non-maintenance charges vary for urban, semi-urban, and rural branch customers. … If a customer fails to maintain this amount in an account, the bank will now charge a penalty of up to Rs 75 per month.

What are cash transaction charges?

Banks such as HDFC Bank, ICICI Bank and Axis Bank will be charging its customers a minimum amount of Rs. 150 per cash transaction for cash deposits and withdrawals beyond four free transactions in a month. The new charges would apply to savings as well as salary accounts.

Which bank is better HDFC or Axis?

But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%….People Also Look For.Home Loan Interest Rates December 2020Axis Bank7.75% – 8.55%Bank of Baroda6.85% – 8.25%Citibank7.13% – 8.03%HDFC6.90% – 7.65%9 more rows

What is cons charges in Axis Bank?

Home > Bank Accounts > All Savings Accounts > Fees And Charges > What are Consolidated Charges. Various applicable charges are levied by the Bank depending on the type of Savings Account you hold with the Bank or on account of any additional service /product you have opted from the Bank.