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Axis Bank Priority Savings Account {Fee & Charges} effective 1 June 2019 onwards

Average Quarterly/ Monthly Balance required in Axis Priority Saving Accounts | Close Account Charges and Fee | Penalty on not maintaining average balance in a bank account. Initial funding amount of Rs. 2 Lacs or more is required. Account Closure chrages.

Axis Bank Priority Savings Account Fee & Charges 2019: Axis Bank Priority Saving Accounts take the concept of exclusivity and privilege to the customer a whole new level. Axis Bank priority savings account offers an array of preferential services like lifestyle benefits, entertainment offers and preferential rates to its customers.

Key Features:

  • 25% Discount on Locker Rent
  • Dedicated Relationship Manager
  • 2X Axis eDGE Reward Points
  • Enjoy 15% discount across our partner restaurants.

Basic Service Fees

Initial Funding Rs.2 Lakhs
Total Relationship Value(Balances maintained across Savings and Fixed deposits) NA
Average Balance Required across all locations Average Quarterly Balance (AQB) of Rs. 2 Lakhs***
Average Balance Required (Metro) Average Quarterly Balance (AQB) of Rs. 2 Lakhs***
Account Service Fee (Metro) NA
Average Balance Required (Urban) Average Quarterly Balance (AQB) of Rs. 2 Lakhs***
Account Service Fee (Urban) NA
Average Balance Required (Semi Urban) Average Quarterly Balance (AQB) of Rs. 2 Lakhs***
Account Service Fee (Semi Urban) NA
Average Balance Required (Rural) Average Quarterly Balance (AQB) of Rs. 2 Lakhs***
Account Service Fee (Rural) NA
Total Relationship Value (for all locations) Average Quarterly Balance (AQB) of Rs.5 Lakhs across Saving & Current Accounts Or Total Relationship of Rs.15 Lakhs across Savings, Current Accounts, Fixed Deposit and Mutual fund Investments OR Total Relationship of Rs.50 Lakhs across Savings, Current Accounts, Fixed Deposit, Mutual fund Investments and Demat Account Holding value
Primary Debit Card: Type Priority Platinum Debit card
Primary Card: Issuance Fees Nil
Primary Card: Annual Fees Nil*
Joint Debit Card: Type Priority Platinum Debit card
Joint Card: Issuance Fees Nil
Joint Card: Annual Fees Nil*
My Design Card Issuance Original Card Issuance cost + Rs.100
CHIP & PIN enabled card – Issuance Nil
Chequebook Issuance: No. of Chequebooks Free Unlimited
Account Closure Rs. 500**
DD/PO Issuance: No. of free DD/PO Unlimited
*Terms and conditions * Debit card Annual Fees of Rs. 750 is applicable if you are not a Priority Banking customer. ** Charges are levied if account is closed between 14 days and 1 year. No charges would be levied if account is closed within 14 days of account opening or after 1 year. *** Customers who do not qualify for the AQB/TRV criteria will be converted to normal Savings Account with due notice. Fees and charges will apply accordingly (Including annual Debit card charges of Rs. 750. GST applicable on the above charges will be additional.
NetSecure with 1 Touch Issuance fee Rs. 800

Transaction Fees

Daily withdrawal limit and Shopping limit Daily ATM Withdrawal Limit of Rs 1 lakh, Daily POS transaction Limit of Rs 4 lakh
Monthly Cash Transaction Free Limits (Metro/Urban) 10 free transactions or Rs. 10 lac, whichever is breached earlier
Monthly Cash Transaction Free Limits (Semi-Urban/Rural) 10 free transactions or Rs. 10 lac, whichever is breached earlier
Fees on Cash Deposits and Withdrawals above limits Rs.5 per Rs.1000 or Rs.150, whichever is higher
Outstation Cheque Collection Fees: Upto Rs.5,000: Rs.25 per cheque, Rs.5,001 – Rs.10,000: Rs.50 per cheque, Rs.10,001 – Rs.1 Lakh : Rs.100 per cheque, Above Rs.1 Lakh: Rs.200 per cheque
RTGS Fees (Branch) Nil
RTGS Fees (Online) Nil
NEFT Transaction Limits (how many free per quarter) Unlimited
NEFT Fees (Branch) Nil
NEFT Fees (Online) Nil
IMPS Fees Nil
Speed Clearing Fees Free upto cheque amount of Rs.1 lakh, Above Rs.1 lakh- Rs.150
Axis Bank ATM: No. of Free Transactions Unlimited
Non – Axis Bank ATM : No of Free Transactions Unlimited
Axis/Non-Axis ATM: Cash Withdrawal (Financial transaction) fees beyond limits Nil
Axis/Non-Axis ATM: Balance Enquiry (Non-Financial transaction) fees beyond limits Nil
International Cash Withdrawal fees (ATM) Rs.125
International Balance Enquiry fees (ATM) Rs.25
Surcharge on Railway Tickets purchased with Debit Card 2.5% of the sale amount (Min Rs. 10) + Rs.30 per transaction
Surcharge at Petrol Pumps Waived (Upto Rs.200 per month)
Cross Currency Mark-up on International Debit Card Transactions 3.50%

Transaction Failure Fees

Outward Cheque Return Rs.200 per cheque, effective 1st June 2019
Inward Cheque Return Rs. 500/- Flat per instance of Cheque return due to insufficient funds, effective 1st May,2018
Outstation Cheque Return Rs.150 per cheque
ECS Debit Failure Rs. 500/- per instance, effective 1st May 2018
Standing Instruction Failure Charges on Loan EMIs and Credit Card Dues Rs.250 + GST applicable from 1st July’2017. Standing Instruction Failure Charges on Recurring Deposit & Mutual Fund. Charge w.e.f 1st May18 will be Rs. 50 per instance. Standing Instruction Failure Charges on Recurring Deposit & Mutual Fund. Charge w.e.f 1st May18 will be Rs. 50 per instance

Convenience Fees

Card Replacement Fee Rs.200
Additional MyDesign Card – Replacement Fee Original Replacement Card Fee + Rs. 100
Additional CHIP & PIN enabled card – Replacement Fee Nil
Additional Chequebook Fee Nil
Duplicate PIN (Branch mode only) Rs.100
Duplicate Passbook Nil
Physical Statement Fee at branch, for prior quarters Nil
Stop Payment Instructions: Cheque Rs.100 per cheque, with a maximum of Rs.200 for Series (>2)
Stop Payment Instructions: ECS Rs.100
DD/PO Cancellation Rs.100
DD/PO Duplicate Rs.100
DD/PO Revalidation Rs.100
Additional DD/PO Fee Nil
Value Added SMS Alerts Nil
Address Confirmation Rs.100
Photo Attestation Rs.100
Signature Verification Rs.100
Balance Certificate Rs.100
Locker fees Varies by Size and branch category (Metro/urban/semiurban/rural)
Safe Custody Charges Varies by Article type & size
NetSecure with 1 Touch Replacement fee Rs.500

Other Fees and Charges

Demat A/C annual charges where applicable If Demat account is linked with your savings account- Rs.750, If Demat account is not linked with your savings account- Rs.2500
Other Free Services & Discounts Demat Account AMC (1st Yr), Free Axis Direct Account, Priority Family 4 members, Dedicated Premium Phone Banking Center, Dedicated Relationship Manager for all personal banking and investment advisory needs, Exclusive Premium Banking branches and lounges, Relationship pricing across loans and lockers, 25% Discount on Movie Ticket purchases (subject to a monthly cap of maximum Rs.350)

Foreign Currency Fees

Foreign Currency Outward Remit by Wire/TT/Swift Rs.500
Foreign Currency Outward Remit by DD Rs.250 or 0.3% whichever is higher
Foreign Currency Inward Remit Fee per remittance Rs.250
Foreign Currency Inward Remit: FIRC Charges Rs.100
Foreign Currency deposit at Branches Rs.100
Traveller Cheques & Currency Notes Rs.100
Foreign Currency Cheque: Base Charges 0.25% of INR Value + GST applicable from 1st July’2017 (Min. Rs.111)
Foreign Currency Cheque: IRM Commission Rs.250
Foreign Currency Cheque: Courier Charges Rs.50
Foreign Currency Cheque: Additional Charge -FCS only Correspondent bank Charges
Foreign Currency Cheque: Additional Charge – Direct Collection only Drawee Bank Charges – On Receipt
Foreign Currency Cheque: Additional Charge – Reimbursement Collection only Drawee Bank Charges – On Receipt = Correspondent Bank Charge – $13

Note: If you have any questions. Let us know via comments below.

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