What is the limit of Axis bank savings account?

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.

What is the minimum balance in Axis Digital account?

The account doesn't require any minimum balance since it is a zero balance savings account.6 days ago

What 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.

Is Axis account zero balance?

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.

What is minimum balance in Axis India?

Axis Bank Minimum Balance Requirements 2,500 to Rs. 1,00,000/-.

What is free limit in Axis Bank?

Maximum Non-Home Branch Cash Deposit/withdrawal per day shall be 1 Lac.

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.

What is the penalty for 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. Penalty charges for branches in semi-urban and rural areas will be lower.25-Feb-2022

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.

What is minimum balance rule?

What Is a Minimum Balance? For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest.

What is monthly service fee in Axis Bank?

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.

Which bank is best for savings?

The best savings accounts 2022

• AMP Saver Account.
• Westpac Life 18-29.
• Bank of Queensland Future Saver Account 14 to 35 years.
• ING Savings Maximiser.
• Up - Saver Account.
• Ubank - Save Account.
• Bank of Queensland Smart Saver Account.

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.

Which bank has 500 minimum balance?

List of All Banks Savings Account Interest Rates and Minimum Balance 2022

Which bank account is cheapest?

Best no-fee checking accounts

• Best overall: Capital One 360® Checking Account.
• Runner-up: Ally Interest Checking Account.
• Best for rewards: Discover Cashback Debit Account.
• Best for out-of-network ATMs: Alliant Credit Union High-Rate Checking Account.
• Best for students: Chase College Checking℠ Account.

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.

How is Axis Bank minimum balance calculated?

MAB is the average of all the closing-day balances in a given month. To calculate the MAB, you need to add each day's end-of-the-day balance and divide it by the number of days in that month. Assuming, a bank asks that you maintain Rs 5,000 as average monthly balance: On July 1, the balance in the account is Rs 5,000.06-Aug-2018

Which account is best in Axis Bank?

Axis Bank Instant (Digital) Savings Accounts

• Easy Access Digital Savings Account. Cashback and discounts:
• PRIME Savings Account. Cashback and discounts:
• LIBERTY Savings Account. Cashback and discounts:
• Prestige Digital Savings Account. Cashback and discounts:
• Priority Digital Savings Account.
• Burgundy Digital Savings Account.

What is the limit of Axis?

Fees and Charges for Visa Classic/Platinum Debit Card

What is the limit of Axis bank savings account?