What if minimum balance is not maintained in Axis?
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.
Monthly Service Fee (MSF) of Rs 5 for every Rs 100 difference in the required amount plus Rs 75 or Rs. 500, whichever is less, with a minimum charge of Rs 75 for Urban customers.04-Apr-2022
Do we need to maintain minimum balance in Axis salary account?
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.
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.
Is Axis Bank good for zero balance account?
The Small Basic Savings Account offers you hassle-free savings benefits with zero minimum balance requirements and covers you with personal accident insurance for Rs. 1,00,000. The benefits of the Small Basic Savings Account include a free RuPay Debit Card, monthly e-statements, passbook, etc.
Minimum amount due is 5% of your total amount that you can pay to avoid late payment charges on your card.
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.
For Easy & Equivalent accounts, the revised charges are as follows: Metro/urban: Rs 600. Semi-urban: Rs 300. Rural: Rs 250. Monthly cash transaction free limits, effective date: July 1, 2022.26-May-2022
What is minimum balance in Axis India?
Axis Bank Minimum Balance Requirements 2,500 to Rs. 1,00,000/-.
Key fees on your Account
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.
Minimum balance in SBI bank savings account 1000 monthly in rural areas. In semi-urban areas, the AMB is Rs. 2000, and in the metro city, the account holder has to maintain an AMB of Rs. 3000.06-Sept-2022
Which account is best in Axis Bank?
Axis Bank Instant (Digital) Savings Accounts
NIL
What is Axis Basic account?
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.
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.
What is the penalty for zero balance account?
no penalty
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
What is the total minimum due?
“The minimum amount due on a credit card is the minimum amount you are required to pay, on or before the payment due date, to ensure that you do not have to pay late fees.” By calculating a minimum amount, the bank ensures you can repay a portion of the principal outstanding every month.06-Sept-2021
Minimum Amount Due is the minimum amount of money, as a part of the total bill amount, that a cardholder has to pay to not be treated as an overdue bill. By paying the minimum amount, you can avoid paying any late fee. In case, you miss the due date and do not pay any amount, there is a late fee payment.22-Jun-2022
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.
What if minimum balance is not maintained in Axis?