What happens if minimum balance is not maintained 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.
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.
Which bank has lowest minimum 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.
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
What is average monthly 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.
Maximum Non-Home Branch Cash Deposit/withdrawal per day shall be 1 Lac.
Why is my Axis bank balance in minus?
Your account can show negative balance because of unpaid fees & charges levied to your account. Please call us on the numbers mentioned in the Call Tab provided on the right side of the page to know the breakup of charges. If you still do not have an answer to your query, click here to know more.
As someone running an organization, there are many ways to compensate your team of employees. And the most favored method is opening a salary account with a reputed bank.Overview.
How can I open Axis Zero balance account?
Step 1: Select the type of Axis ASAP Digital Savings Account you'd like to open and verify yourself using your PAN, Aadhaar and mobile number. Step 2: Key in your personal details. Step 3: Complete verification via Video KYC. Step 4: Fund your account and confirm your name to be published on debit cards.
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
What is minimum balance for savings account?
The minimum average monthly amount for the bank's regular savings accounts is Rs 10,000 for metro areas, Rs 5,000 for semi-urban areas, and Rs 2,000 for rural areas.03-Aug-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 is Axis salary account?
ULTIMA Easy Access Salary Account provides you access to your salary anytime, anywhere through robust banking services and transactional benefits. The ULTIMA Easy Access Salary Account comes with a RuPay Platinum Debit Card and a daily withdrawal limit of Rs. 40,000.
Fees and Charges for Visa Classic/Platinum Debit Card
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.
MAB or monthly average balance, as the name suggests, is the minimum amount your account must have on average at any point in the month. Unless you have a zero-balance current account or savings account, you must maintain the minimum average balance stipulated by your bank in your account each month.24-Nov-2022
What is minimum balance in Axis Bank for student account?
Maintain low Average Monthly Balance Low Average Monthly Balance requirements of Rs. 2,500 in metros. No Average Monthly Balance requirement if Fixed Deposit of Rs. 25,000 for 6 months or Recurring Deposit of Rs.
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.
What is the limit of Axis Bank ATM?
Daily withdrawal limit of Rs. 50,000 and purchase transaction limit of Rs. 2,00,000.
If your account is classified as dormant, it goes under a lockdown. You cannot make any transactions through the account: Net-banking, phone banking, ATM transactions, cheque withdrawals are all barred.29-Jan-2020
What if balance goes below minimum balance?
You can be penalized for not keeping the minimum balance. There is no limit on the penal charges that a bank will charge for the non-maintenance of the minimum balance. The charges have to be approved by the bank's board. Charges will vary from bank to bank and from branch to branch as well.25-Feb-2022
What happens if minimum balance is not maintained in Axis Bank?