Can I maintain zero balance in Axis Bank?
Yes. Axis Bank offers a Zero Balance Savings Account also called Basic Savings Account as part of the Pradhan Mantri Jan-Dhan Yojana Scheme. The account offers benefits such as free cash deposits, access to over 4000 Axis Bank branches and 14,000+ ATMs across India and Internet and Mobile banking services.
Missed Call Service
What is monthly average balance in Axis Bank?
Average Balance refers to the average amount to be maintained in your account, over a certain period. Depending on the scheme and branch category (Metro/Urban/Semi-Urban/Rural), there are 3 types of Balances, Average monthly balance (AMB), Average quarterly balance (AQB) and half-yearly average balance.
IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.
What is minimum balance in Axis India?
Axis Bank Minimum Balance Requirements 2,500 to Rs. 1,00,000/-.
Maximum Non-Home Branch Cash Deposit/withdrawal per day shall be 1 Lac.
What is minimum due axis?
Minimum amount due is 5% of your total amount that you can pay to avoid late payment charges on your card.
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
What is the limit of Axis bank savings account?
You can maintain an Average quarterly Balance(AQB) of Rs 75,000 in your Savings Account or a Total Relationship Value(TRV) of Rs. 5 Lakhs across your Savings Accounts and Fixed Deposits, for a minimum tenure of 6 months.
Fees and Charges for Visa Classic/Platinum Debit Card
What is Axis monthly service fee?
The maximum monthly service charge for metro/urban regions is INR. 600, for semi-urban areas it is INR. 300, and for rural areas it is INR. 250. This fee will be applicable from 1st June 2022.28-May-2022
Axis Bank's Basic Savings Account brings you the best-in-class banking services, without the need for any minimum balance requirement. The benefits of the Basic Savings Account include free cash deposits, convenient banking with access to multiple branches & ATMs across India and Internet & Mobile Banking services.
What happens if I don't maintain minimum balance in Axis Bank?
7.5 per 100 of the shortfall from AMB requirement or 600 whichever is lower. 7.5 per 100 of the shortfall from AMB requirement or 600 whichever is lower. 7.5 per 100 of the shortfall from AMB requirement or 300 whichever is lower.
In case the balance is below the monthly average balance penalty is levied at 6 per cent of the shortfall or Rs. 500 whichever is lower.24-Aug-2022
Which bank account is cheapest?
Best no-fee checking accounts
Axis Bank Prime Salary Account - Charges Nil. However, if a 6-month-old salary account does not receive any credit via transfer, clearing, digital, or cash for two consecutive months, the Average Balance will be INR 100 per month. Daily Limit of ATM Withdrawal - INR 50,000, Daily Limit of POS transaction - INR 4 Lakh.08-Dec-2022
What is the minimum salary for Axis credit card?
Primary cardholder between the age of 18 years and 70 years. Add-on cardholder should be over 18 years. Net income of Rs. 9,00,000 per annum and above.
A minimum balance fee is a fee that many banks charge when your account balance drops below a certain amount. For instance: If the minimum balance required in your checking account is $500, but you only have $400, you would be charged a minimum balance fee.06-Apr-2021
Is Axis Bank a good Bank?
This bank has a good customer service and the rate of interest was nominal. 0.5 4.0/5 "Great!" When i was required some fund, i have applied the personal loan from Axis bank because of the better service. They have provided me a interest rate of 18.25% for the loan amount of Rs.
Daily withdrawal limit of Rs. 50,000 and purchase transaction limit of Rs. 2,00,000.
Is it OK to pay minimum due?
It is important to note that the lesser amount of outstanding balance you pay, the more will be the interest that you will have to pay. While it is okay to pay only the minimum amount due when you don't have enough funds to clear your credit card bills, it works fine only for the short term.17-Aug-2022
Can I maintain zero balance in Axis Bank?