Axis Bank Service Charges: Private sector Axis Bank has given a big blow to the customers. If you also have an account in this bank, then from June 1, you will have to spend more money. The bank has increased the service charge on salary and savings account. Along with this, many other changes have been made which will be applicable from 1st date.
Minimum balance charge hiked
Let us tell you that if you do not keep the minimum balance in your account, then after the 1st day you will have to spend more money. The bank has also increased the monthly service charge on the minimum balance.
Increase in charges for auto debit failure
According to the information given by the bank, the bank has increased the minimum balance limit from Rs 15,000 to 25,000 in towns and rural areas. Along with this, the charge on auto debit failure has also increased.
1. For Minimum Balance – People living in Metro City will have to pay maximum monthly service charge of Rs 600. On the other hand, if we talk about semi rural areas, then these people will have to spend Rs 300 and people living in rural areas will have to spend Rs 250.
2. NACH debit failure fee has been increased to Rs.500. If this happens for the first time, then you will have to pay Rs 375, Rs 425 in the second time and Rs 500 in the third time. Apart from this, the charge on auto debit failure has been increased from 200 to 250.
3. Talking about the cost of check book per leaf, it has been increased from Rs 2.50 to Rs 4. Apart from this, the fee for physical details and duplicate passbook has been increased from Rs 75 to Rs 100.