Children below 18 years of age are eligible to open an Axis Bank Future Stars Savings Account.
|
Bank |
Axis Bank |
|
Category |
Future Stars Savings Account |
|
Minimum Balance Requirement |
Rs 2,500 (in metros) |
|
Interest Rate |
4% on daily balance; interest paid quarterly |
|
Card Offered |
Visa Classic Debit Card |
Services Offered With Future Stars Savings Account
|
SMS Alerts |
Yes |
|
Internet banking |
Yes |
|
Cash withdrawal |
Yes; First 5 transactions free at Axis Bank and non-Axis Bank ATMs |
|
Passbook / e-statements |
Yes |
|
Cheque Book |
Yes; one free ‘payable-at-par’ cheque book provided quarterly |
Features of Future Stars Savings Account
|
Easy Account Monitoring |
Via monthly e-statements / passbook |
|
Cash Withdrawal Limit |
Rs 1,500 daily |
|
Easy Money Transfer |
Automated funds transfer from parent’s account to child’s account. |
|
Complimentary Enhanced Personal Accident Insurance |
Avail insurance cover for Rs 2 lakh by swiping your card once every 6 months (subject to conditions) |
|
Lost Card Liability / Purchase Protection Liability |
Combined lost card liability & purchase protection liability of up to Rs 50,000. |
|
Rewards Program |
eDGE Loyalty Rewards Program; Earn points on a variety of transactions and redeem the same for rewards across multiple categories. |
|
Extras |
Get the image of your choice printed on your card(for kids above 10 years); one free cheque book per quarter in the child’s name. |
Fees & Charges of Future Stars Savings Account
|
Visa Classic Debit Card Issuance / Annual Fee |
Rs 150 |
|
Cash Transaction charges |
Beyond the first 5 transactions (or Rs 10 lakh in value), Rs 5 per Rs 1000 or Rs 150 (whichever is higher), shall be charged. |
|
Account Closure |
Rs 500 |
|
IMPS Fees |
Up to Rs.1 Lakh – Rs 5 per transaction; Rs 1 Lakh to Rs.2 Lakh - Rs.15 per transaction. |
|
NEFT Fees |
Up to Rs 10,000 – Rs 2.5 per transaction; Rs 10,000 to Rs 1 Lakh – Rs 5 per transaction; Rs 1 Lakh to Rs 2 Lakh – Rs 15 per transaction; above Rs 2 Lakh – Rs 25 per transaction. |
|
Axis / Non-Axis ATM financial transaction fee beyond limits |
Rs 20 / per transaction |
|
Axis / Non-Axis ATM non-financial Transaction fee beyond limits |
Rs 8.5 / per transaction |
|
Card Replacement Fee |
Rs 100 |
|
Surcharge at petrol pumps |
2.5% on purchase amount (min. of Rs 10) |
|
International Cash Withdrawal Fee / Balance Enquiry Fee (ATM) |
Rs 125 / Rs 25 |
|
Additional Cheque Book Fee |
Rs 50 per cheque book |
|
Photo Attestation / Signature Verification / Address Confirmation / Balance Certificate |
Rs 100 for each |
|
Duplicate Passbook |
Rs 100 |
|
Foreign Currency Deposit Fee (at branches) |
Rs 100 |
|
DD/PO Cancellation / Revalidation / Duplicate |
Rs 100 for each |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
