Axis Bank Fees and Charges
Axis Bank is one of India’s leading private sector banks, trusted for its innovative and customer-centric services. Customers enjoy multiple financial options, from savings accounts and credit cards to investment options and secure lockers. However, with the convenience of varied banking solutions comes a set of charges, each tied to a specific service. Knowing these Axis Bank fees and charges is key to making the most of your banking experience without any unexpected costs.
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By understanding the costs associated with account maintenance, transactions, card usage, and locker rentals, you can confidently navigate your financial decisions. This helps to avoid surprises and ensures that every rupee spent aligns with your budget and financial goals. Read on to learn more about the Axis Bank account maintenance charges.
Axis Bank NEFT, RTGS, and IMPS Transaction Fees
The demand for fast and secure fund transfers is essential for businesses and individuals. Axis Bank provides multiple options like NEFT, RTGS, and IMPS to meet diverse transfer needs, each with specific charges. Understanding these fees helps you choose the most efficient transfer mode based on urgency and transaction amount. Here’s a breakdown of the Axis Bank NEFT, RTGS, and IMPS charges to ensure you check your Axis Bank balance before initiating a transfer..
| Transaction Type | Amount Range | Branch Charges (₹) | Digital Channel Charges |
| NEFT | Up to ₹10,000 | 2.5 | Free |
| ₹10,001 – ₹1 lakh | 5 | Free | |
| ₹1 lakh – ₹2 lakh | 15 | Free | |
| Above ₹2 lakh | 25 | Free | |
| RTGS | ₹2 lakh – ₹5 lakh | 25 | Free |
| Above ₹5 lakh | 50 | Free | |
| IMPS | Up to ₹1,000 | 2.5 | N/A |
| ₹1,001 – ₹1 lakh | 5 | N/A | |
| ₹1 lakh – ₹5 lakh | 10 | N/A | |
| Inward Transactions | All amounts | Free | Free |
Axis Bank Debit Card Fees: Annual, Issuance, and Replacement Charges
Debit cards are among the most commonly used tools for daily transactions. However, Axis Bank applies specific charges for their maintenance and use.
- Axis Bank debit card charges include an annual fee, which depends on the card type. Basic debit cards can have a fee ranging from ₹200 to ₹1500 per year. Replacement cards or services like PIN regeneration may come with a nominal fee of ₹50 to ₹500.
Keeping track of these Axis Bank fees and charges can help avoid unnecessary costs when using your debit card. Here’s a quick look at the annual fees, issuance costs, and replacement charges to help you make an informed decision.
| Debit Card Variant | Annual/Renewal Fee | Issuance Fee | Replacement Fee |
| Burgundy Private Debit Card | Free | Free | Free |
| Burgundy Debit Card | ₹1,500 + GST | ₹1,500 + GST | Free |
| Priority Debit Card | ₹750 + GST | ₹750 + GST | ₹200 + GST |
| Prestige Debit Card | ₹500 + GST | ₹500 + GST | ₹200 + GST |
| Liberty Debit Card | ₹300 + GST | ₹200 + GST | ₹200 + GST |
| Mastercard Premium Debit Card | ₹200 + GST | ₹200 + GST | ₹200 + GST |
| E-Debit Card | ₹500 + GST | ₹500 + GST | ₹100 + GST |
| Business Supreme Debit Card | ₹1,000 + GST | ₹1,000 + GST | ₹500 + GST |
| Delight Debit Card | ₹999 + GST | ₹1,500 + GST | ₹200 + GST |
You can also download your Axis Bank statement to track debit card transactions.
Axis Credit Card Fees & Charges
Like debit cards, Axis Bank credit cards have several fees, including annual fees, late payment fees, and charges for exceeding your credit limit.
- Annual Fees: Credit card annual fees can vary from ₹500 for entry-level cards to ₹5,000 or more for premium options. However, many cards offer a waiver on the annual fee if you spend a certain amount in the first year.
- Late Payment Fees: Missed payments result in late payment penalties, which can range from ₹100 to ₹1,000, depending on the outstanding balance.
- Cash Withdrawal and Over Limit Fees: Withdrawing cash using a credit card or exceeding your credit limit also incurs extra charges, typically 2.5% to 3% of the amount withdrawn or exceeded.
Here are a few popular Axis Bank credit cards, each with unique benefits and fee structures designed to fit different spending styles:
| Credit Card Name | Joining Fee (₹) | Annual Fee (₹) | Key Benefits |
| Axis Magnus Credit Card | 12,500 | 12,500 | Travel, dining rewards, airport lounge access |
| Axis Vistara Credit Card | 1,500 | 1,500 | Travel rewards, Vistara flight benefits |
| Axis Privilege Card | 1,500 | 1,500 | Cashback, airport lounge access |
| Axis ACE Credit Card | Nil (Limited Period Offer) | 499 | 2% cashback on all spend, 5% on utility bills |
| Axis My Zone Credit Card | 500 | 500 | Dining & entertainment discounts |
| Axis Vistara Signature | 3,000 | 3,000 | Vistara tickets, milestone travel rewards |
| Axis Select Credit Card | 3,000 | 3,000 | Cashback on travel, movies, dining |
| Axis Flipkart Credit Card | 500 | 500 | 5% cashback on Flipkart, 4% on dining |
Minimum Balance Requirements and Penalty Charges for Axis Bank Accounts
Maintaining a minimum balance is crucial to avoid penalties in a savings account. Axis Bank enforces minimum balance charges based on the type of savings account and its location. Here’s a quick overview of the minimum balances for popular Axis Bank savings accounts, helping you stay informed and avoid unnecessary fees.
| Account Type | Minimum Balance Requirement |
| Basic Savings Account | No minimum balance required |
| Easy Access Savings Account | ₹12,000 for metro/urban, ₹5,000 for semi-urban, ₹2,500 for rural |
| Senior Privilege Account | ₹12,000 for metro/urban, ₹5,000 for semi-urban, ₹2,500 for rural |
| Liberty Savings Account | ₹25,000 per month |
| Prestige Savings Account | ₹75,000 monthly average balance |
| Priority Digital Savings | ₹2 lakh quarterly average balance |
| Burgundy Digital Savings | ₹10 lakh quarterly average balance |
If your balance drops below the limit, you can use the Axis Bank mini statement service to quickly check recent transactions.
Account Opening Costs and Fee at Axis Bank
Axis Bank typically does not impose specific account opening charges for its basic savings accounts, making it easy for new customers to begin banking with minimal upfront costs. However, some specialised accounts, like the Prestige and Burgundy Savings Accounts, may require an initial funding amount or have average balance requirements, which provide added benefits like zero charges on various banking services, discounts on locker rentals, and enhanced privileges.
For regular savings accounts, you may incur nominal charges only if the account is closed within a certain period, usually between 14 days and one year after opening. Accounts closed before 14 days or after one year are exempt from such fees. This setup allows customers to try Axis Bank’s services with minimal financial commitment initially.
Axis Bank Demat Account Fees: Annual and Transaction Costs
To help you get started with an Axis Bank Demat Account, here’s a quick look at the key charges involved, from account opening to transaction fees. This table provides a simplified overview of the costs, ensuring you’re well-informed before making investment decisions.
| Charge Type | Fees |
| Account Opening | Free for Regular & Basic Services Demat Accounts (BSDA) |
| Annual Maintenance (AMC) | Free for 1st year for Axis Bank customers; ₹750 annually afterwards. Non-Axis customers: ₹350 for 1st year, ₹750 annually thereafter |
| Transaction Charges (Debit) | 0.04% of transaction value or ₹25 (whichever is higher) |
| Other Services | Additional fees for rematerialisation and specific requests |
Locker Rental Charges at Axis Bank: Location and Size-Based Pricing
Axis Bank offers secure locker facilities with annual rental fees varying by branch location and locker size. Below are the charges to help you choose the most suitable and cost-effective option for storing your valuables.
Annual Rental Fees:
-
- Rural Branches: Small: ₹1,500,
- Medium: ₹2,200,
- Large: ₹5,000,
- Extra Large: ₹10,000.
Semi-Urban Branches:
-
- Small: ₹1,700
- Medium: ₹2,500,
- Large: ₹5,500,
- Extra Large: ₹11,000
Metro/Urban Branches:
-
- Small: ₹3,105,
- Medium: ₹6,900,
- Large: ₹11,800,
- Extra Large: ₹14,256
Additional Fees:
-
- Late Payment: 2.5% per month, up to 25%.
- One-time Registration: ₹1,000 plus GST.
- Excess Visits: First 3 visits free, then ₹100 plus GST per visit
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Final Thoughts
In conclusion, Axis Bank’s locker options provide secure, flexible storage solutions with fees based on location and locker size. You can manage your finances efficiently and avoid unnecessary costs by staying informed about transaction fees, account maintenance, card usage, and lockers. This awareness helps you plan better and ensures that every service aligns with your budget and banking goals. With this knowledge, you’re well-prepared to maximise the value of your banking experience with Axis Bank.
