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.
