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Axis Bank Easy Access Savings Account Fee & Charges effective 1 June 2019 onwards

Axis Bank Easy Access Saving Accounts Charges, New ATM Credit Card Closure of Account, Monthly Average Balance (MAB), Quarterly Average Balance, Cheque Book Request Charge Fee and Charges of Axis Bank Easy Access Saving Account.

Easy Access Savings Account Fee and Charges: Axis Bank’s Easy Access Savings Account is various benefits because it only requires Rs 10,000 to open an account with Axis Bank. Also, personal accident insurance covers Rs 2,00,000 INR. You can enjoy convenient internet banking, mobile banking and other digital access to your bank account.

Axis Bank Easy Access Savings Account Fee/ Charges 2019

Key Features:

  • Rewards Plus Debit Card
  • Personal Accident Insurance Cover
  • Low Opening Deposit
  • Axis eDGE Rewards

Basic Service Fees

In the basic service charges and fee, you can check the account opening funds required. Monthly average balance required. etc.

Initial Funding Metro/Urban – Rs. 15,000, Semi-Urban – Rs. 6,000, Rural – Rs. 2,500
Total Relationship Value(Balances maintained across Savings and Fixed deposits) Maintain Rs.25,000 including Term Deposits (for minimum 6 Months) and Savings Account balance – Applicable for Rural Locations only
Average Balance Required across all locations Metro/Urban – Rs. 10,000, Semi-Urban – Rs. 5,000, Rural – Rs. 2,500
Average Balance Required (Metro) Average Monthly Balance (AMB) of Rs. 10,000
Account Service Fee (Metro) Monthly Service Fee (MSF) of Rs.10 for every Rs.100 shortfall in required balance or Rs.500, whichever is lower, with a minimum charge of Rs. 100. Waived off if AMB is maintained.
Average Balance Required (Urban) Average Monthly Balance (AMB) of Rs. 10,000
Account Service Fee (Urban) Monthly Service Fee (MSF) of Rs.10 for every Rs.100 shortfall in required balance or Rs.500, whichever is lower, with a minimum charge of Rs. 100. Waived off if AMB is maintained.
Average Balance Required (Semi Urban) Average Monthly Balance (AMB) of Rs. 5,000
Account Service Fee (Semi Urban) 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. 100. Waived off if AMB is maintained.
Average Balance Required (Rural) Average Quarterly Balance (AQB) of Rs. 2,500 or Total Relationship Value (TRV) Rs.25,000 across Savings A/c and TD (Min 6mnths)
Account Service Fee (Rural) Quarterly Service Fee (AQB) of Rs.10 for every Rs.100 shortfall in required balance or Rs.250, whichever is lower, with a minimum charge of Rs. 100. Waived off if AQB is maintained.
Total Relationship Value (for all locations) Maintain Rs.25,000 including Term Deposits (for minimum 6 Months) and Savings Account balance – Applicable for Rural Locations only
Primary Debit Card: Type Rupay Platinum Debit Card
Primary Card: Issuance Fees Rs.200
Primary Card: Annual Fees 1. Metro/ Urban/Semi-Urban – Rs 200 2. Rural – Rs 100
Joint Debit Card: Type Rupay Platinum Debit Card
Joint Card: Issuance Fees Rs.200
Joint Card: Annual Fees 1. Metro/ Urban/Semi-Urban – Rs 200 2. Rural – Rs 100
My Design Card Issuance Original Card Issuance cost + Rs.150
CHIP & PIN enabled card – Issuance Original Card Issuance cost + Rs.50
Chequebook Issuance: No. of Chequebooks Free One multicity Cheque Book Free per quarter (20 leaves)
Account Closure Rs.500*
DD/PO Issuance: No. of free DD/PO 0
*Terms and conditions * 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. 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.40,000, Daily POS transaction Limit of Rs.100,000
Monthly Cash Transaction Free Limits (Metro/Urban) First 4 Transactions or Rs 3 lakhs whichever is earlier. Effective 1st April, 2019 – Introduction of Convenience Fee on Cash Deposit Transactions done at Cash Deposit Machines – Rs.50 per transaction after banking hours (i.e. Between 5:00 pm to 9:30 am) and on Bank Holidays
Monthly Cash Transaction Free Limits (Semi-Urban/Rural) First 4 Transactions or Rs 3 lakhs whichever is earlier. Effective 1st April, 2019 – Introduction of Convenience Fee on Cash Deposit Transactions done at Cash Deposit Machines – Rs.50 per transaction after banking hours (i.e. Between 5:00 pm to 9:30 am) and on Bank Holidays
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) Free (Effective 1st July, 2019)
RTGS Fees (Online) NIL, effective 1st May,18
NEFT Transaction Limits (how many free per quarter) Unlimited
NEFT Fees (Branch) Free (Effective 1st July, 2019)
NEFT Fees (Online) NIL, effective 1st May,18
IMPS Fees Upto Rs. 1000 – Rs. 2.5 per transaction, Rs. 1000 to Rs. 1 Lakh – Rs. 5 per transaction, Rs. 1 Lakh to Rs. 2 Lakh – Rs. 15 per transaction
Speed Clearing Fees Free upto cheque amount of Rs.1 lakh, Above Rs.1 lakh – Rs.150
Axis Bank ATM: No. of Free Transactions First 5 transactions (Financial + Non Financial) free
Non – Axis Bank ATM : No of Free Transactions First 3 transactions (Financial + Non Financial) free in Metro Locations (Mumbai, Delhi-NCR, Chennai, Kolkata, Bangalore and Hyderabad ) or First 5 transactions (Financial + Non Financial) free in all Other Locations.Effective 1st June – Introduction of ATM Cash withdrawal transaction failure charges at other banks domestic ATM due to insufficient fund in customers Savings Account – Rs 25 per instance
Axis/Non-Axis ATM: Cash Withdrawal (Financial transaction) fees beyond limits Rs.20 per transaction
Axis/Non-Axis ATM: Balance Enquiry (Non-Financial transaction) fees beyond limits Rs.8.5 per transaction
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 2.5% of the sale amount (Min Rs.10)
Cross Currency Mark-up on International Debit Card Transactions 3.50%

Transaction Failure Fees

In case your cheque is return or inward cheque return – you need to pay the fee/ charges.

Outward Cheque Return Rs.150 per cheque
Inward Cheque Return Rs. 500/- Flat per instance of Cheque return due to insufficient funds.Effective 1st June’19, Introduction of Inward Cheque Return Fees due to Non-Financial rejection reasons – Rs 50 per instance
Outstation Cheque Return Effective 1st June’19, Revision in Outward Cheque Return – Rs.200 per instance
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

Convenience Fees

Card Replacement Fee Rs.200
Additional MyDesign Card – Replacement Fee Original Replacement Card Fee + Rs. 150
Additional CHIP & PIN enabled card – Replacement Fee Original Replacement Card Fee + Rs. 50
Additional Chequebook Fee Rs.60 per chequebook(20 leaves)
Duplicate PIN (Branch mode only) Rs.100
Duplicate Passbook Rs.100
Physical Statement Fee at branch, for prior quarters Rs.100
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 Upto Rs.10,000 – Rs.50 Above Rs.10,000 – Rs.5 per 1000 (min Rs.75/-max Rs.10,000)
Value Added SMS Alerts Rs.5 per month
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/Semi-Urban/Rural)
Safe Custody Charges
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)

Foreign Currency Fees

Foreign Currency Outward Remit by Wire/TT/Swift Rs.1,000
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 require any other details related to Axis Bank Easy Access Saving Bank Account – Charges and Fee. Let us know via comments.

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