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What is No Salary Credit Fee Changes at Axis Bank about?
The bank is revising its fees and charges structure for savings and salary accounts effective April 1st, 2024. Key changes include: 1. Revising the average monthly balance requirement for priority savings accounts from a quarterly balance of Rs. 200,000 to a monthly balance of Rs. 200,000. 2. Rationalizing free cash transaction limits by introducing a separate monthly limit of Rs. 25,000 for third party transactions, charging fees beyond that limit. 3. Changing the criteria for charging a Rs. 100 mont
- Author
- arunvelu
- Language
- EN