Quick Answer: What Are The Benefits Of Axis Bank?

Is HDFC better than SBI?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India.

What’s worse, the stock shed nearly 6% more in value in trade today….BankMarket capitalisation as of May 4HDFC Bank₹5 lakh crore1 more row•May 5, 2020.

What is monthly service fee in Axis Bank?

Monthly 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.

Who opens a salary account?

Open a Salary Account in 3 easy steps. Salary Accounts can only be opened when an employer ties up with a bank. With this tie-up, the employer can transfer the monthly salaries in bulk in respective Salary Accounts of the employees.

What are the benefits of salary account in Axis Bank?

Here are the features and benefits of Easy Access Salary Account.Rupay Platinum Debit Card with daily withdrawal limit of Rs. 40,000 and purchase limit of Rs. 2,00,000.Complimentary Hospital Cash Insurance including COVID-19.5% cashback on Utility bill payments.

Is Axis a good bank?

Axis Bank is the third-largest bank in the private banking sector in India and hence it is very safe to invest. … The bank offers different loans and fee-based products and services to large and mid-corporate customers.

What are the services provided by Axis Bank?

Services Offered Axis Remote Banking Axis remote banking services lets you transfer funds, request documents, order demand drafts, pay your bills, and block your card plus a lot more. With Axis Remote Banking, you can avail a host of personalised banking services and financial transactions with convenience and ease.

Is Axis Bank going to shut down?

“In line with the said objective, the bank has taken a decision to fully wind down and close the operations of Axis Bank UK Ltd, a subsidiary of the bank and targeting for surrendering of the banking licence by end of April 2021, which has been reviewed with the UK regulators viz.

Does salary account have interest?

As the name says, a salary account is basically opened by your employer to credit your salary. However, the amount maintained in the account, will not be entitled for interest rate. …

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/-.

What is the full name of Axis Bank?

The Bank changed their name from UTI Bank Ltd to Axis Bank Ltd with effect from July 30 2007 to avoid confusion with other unrelated entities with similar name.

Is Axis Bank a nationalized bank?

The bank was nationalized during 1969 by the government of India. The bank has regional offices and branches which are spread across the country. The bank has three full-fledged overseas branches located in Mumbai, Kolkata and New Delhi.

What happens if I don’t maintain minimum balance 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 monthly average 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

What are the benefits of salary account?

The main benefits of the salary account are – Zero balance account and free unlimited transactions across ATMs of any bank, free ATM-cum-debit card, an additional ATM card for the joint account holder, free Internet banking, free multicity cheques etc.

Which is better HDFC or Axis?

It also had a higher net interest margin (for the March 2012 quarter) of 4.2%, compared with 3.55% and 3.01% for Axis Bank and ICICI Bank, respectively. … Despite this, its Capital Adequacy Ratio (CAR) was a healthy 18.52%, compared to a measly 13.66% for Axis Bank and 16.5% for HDFC Bank.

Which bank is better for salary account?

The following is the list of best 5 salary accounts available in India: Kotak Platina Salary Account. SBI Corporate Salary Package. HDFC Bank Classic Salary Account.

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…•

What is the future of Axis Bank?

The outlook for the stock of Axis Bank (Rs 752.25) is positive. It finds an immediate support at Rs 715 and a crucial one at Rs 660. If the current trend sustains and if the stock rules above Rs 732, it has the potential to reach Rs 1,020. We expect the stock to maintain the current bullish trend.