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  • Axis Bank Salary Accounts

    Axis Bank Saving Account

    Introduction

    As someone running an organization, there are many ways to compensate your team of employees. And the most favored method is opening a salary account with a reputed bank. Truly, this step takes care of many aspects like quick and timely disbursements of remunerations with minimal paperwork. Axis Bank offers five kinds of Salary Accounts and an Employee Reimbursement Account that can be linked to the chosen salary account.

    1. Easy Access Salary Account
    2. Primary Salary Account
    3. Priority Salary Account
    4. Defence Salary Account (Power Salute)
    5. Wealth Salary Account
    6. Employee Reimbursement Account

    Axis Bank Easy Access Salary Account

    Overview

    Bank Axis Bank
    Category Salary Account (Easy Access Salary Account)
    Minimum Balance Requirements Zero
    Initial Deposit Requirements Zero
    Interest Rate Four percent interest
    Debit Card Offered Visa Classic Debit Card

    Features & Benefits of Axis Bank Easy Access Salary Account

    • Axis Bank’s Easy Access Salary account is endowed with copious perks and special features, not only for you but for your family too. This payroll account of your certainly offers you improved access to your resources.  
    • You may start this account at absolutely no opening deposit and as there is no average monthly balance mandate to be fulfilled, whatever is in there is all yours to spend any day anywhere.
    • You earn four percent interest on the balance, which will be paid to you, which will be disbursed to you every quarter.
    • You have the benefit of limitless and free NEFT cash transactions.
    • You also get a free multi-city at par cheque book every three months, not to mention a free Pay Order and/ or Demand Draft drawn at Axis Bank in a month.
    • Accessibility: With more than 12,000 ATMs and 2500 branches peppered across the nation, connectivity and inconvenience will be least of your worries. Other than this, internet and smartphone banking have definitely made banking a cakewalk.
    • You get a visa classic debit card for free as you open the account.
    • You are offered a greater limit for ATM withdrawal, which is INR 40,000 per day. For online and PoS shopping, the limit is INR 1 lakh.
    • Your yearly debit card membership fee of INR 150 will be waived off if you transact more than INR 15,000 per annum.
    • You are allowed five transactions at Axis Bank ATMs and three transactions at other bank for free in a month. After that a small fee will be levied for each transaction.
    • Unique Perks for Top Corporates include one percent cashback on every debit card spend (up to INR 750 monthly), 25 percent cashback on film tickets up to INR 1000 per year as well as better insurance coverage of up to INR 10 lacs and air accident indemnification of up to INR 25 lacs.
    • Axis Card is endowed with financial security for you, your loved ones and what you buy with the card. In the event of the card holder’s demise in an accident, the family will get insurance amount of INR 2 lacs.
    • As an Axis Bank debit card user, you will be indemnified for risk of loss or theft (and its fraudulence). But do make sure that you notify the customer care at the earliest. Any consumer resilient product bought with the Axis Bank debit card is covered against fire, natural disaster, theft and break-in up to three months from the day you bought it. The amount claimable is up to INR 50,000.
    • eDGE Loyalty Rewards Program: eDGE Loyalty Rewards program permits the account holders to earn reward points on chosen transactions. To be eligible for this, you need to have at least INR 25,000 monthly balance. You can exchange the points for any product listed in the bank’s reward catalogue.

    Eligibility Criteria & Documentation for Axis Bank Easy Access Salary Account

    • If you wish to open an Easy Access Salary Account, you need to have an introductory letter from your organization in the specified format. It also has to be stamped and signed by the official signatory.
    • Submit two recent (less than 6 months old) passport sized photographs of the applicant.
    • Submit residence proof (any latest utility bill in the name of the applicant/ spouse, Ration Card, Gas connection registration letter, rental/ lease agreement etc.).
    • Applicant also needs to submit ID Proof (Copy of PAN Card, Voter’s ID, Passport, any Photo ID issued by Government, Defense services or Public Sector undertaking, Driving License etc.
    • Letter from recognized Public Authority / Defense Authority / Public Servant verifying the identity and photograph of the applicant.
    • If you are opening a joint account, the above documentation and eligibility process hold the same for both applicant and co-applicant.

    Fees and Charges Required on Axis Bank Easy Access Salary Account

    1. Money Transaction Fee:

      The initial five branch cash transactions (or INR 10 lacs, whichever is more) in metro cities and towns and 10 transactions (or INR 10 lacs, whichever is more) in semi-urban and rural regions are free. After that INR 5 per INR 1000 or INR 150 (whichever is more) will be levied.

    2. Basic Service Charges
    SL No Particulars Amount
    1 Initial Funding Zero
    2 Average Balance Required (Metro) Zero
    3 Account Service Fee (Metro) Not Applicable
    4 Average Balance Required (Urban) Zero
    5 Account Service Fee (Urban) Not Applicable
    6 Average Balance Required (Semi Urban) Zero
    7 Account Service Fee (Semi Urban) Not Applicable
    8 Average Balance Required (Rural) Zero
    9 Account Service Fee (Rural) Not Applicable
    10 Net Relationship Worth (for all areas) Not Applicable
    11 Primary Debit Card Type Visa Classic Debit Card
    12 Fees for issuing Primary Card Zero
    13 Primary Card: Yearly Fees INR 150
    14 Joint Debit Card Type Visa Classic Debit Card
    15 Fees for issuing Joint Card Zero
    16 Joint Card: Yearly Fees INR 150
    17 For customized Debit Card (My Design Card) Original Card Issuance Fee + INR 150
    18 To get CHIP & PIN card issued Original Card Issuance fee + INR 50
    19 Cheque book One multi-city Cheque Book with 20 leaves free for every three months
    20 DD/ PO Issuance: No. of free DD/ PO One every month
    21 Charges to be levied when you close the account INR 500
    22 Net Secure with 1 Touch Issuance charges INR 800

    III. Transaction Fees & Charges

    SL No Particulars Amount
    1 Daily withdrawal limit and Shopping limit Daily ATM Withdrawal Limit of Rs.40,000, Daily POS transaction Limit of Rs.100,000
    2 Monthly Cash Transaction Free Limits (Metro/Urban) First 5 Transactions or transactions up to INR 10 lacs, whichever happens before
    3 Monthly free money transaction (Semi-urban or rural regions) First ten transactions or deposits or withdrawals of up to INR 10 lacs
    4 Fees on deposits and withdrawals more than the set limit INR 5 per transaction of INR 1000 or INR150, whichever is more
    5 Charges to collect Outstation Cheque INR 25 for cheque of up to INR 5000; INR 50 for cheque between INR 5000 and INR 10,000; INR 100 for check amount between INR 10,000 and INR 1 lakh; INR 200 for cheque amount exceeding INR 1 lakh
    6 Branch RTGS Transaction Fees INR 25 for each transaction for amount between INR 2 lacs and INR 5 lacs; INR 50 for each transaction above INR 5 lacs.
    7 Online RTGS Transaction Charges INR 25 for transaction between INR 2 lacs & 5 lacs; INR 50 for transaction above INR 5 lacs
    8 Limits for NEFT Transaction Free online transactions
    9 Branch NEFT Transaction Fees INR 2.50 for amount up to INR 10,000; INR 5 for amount between INR 10,000 and INR 1 lakh; INR 15 for amount between INR 1 lakh and INR 2 lacs; INR 25 for amount exceeding INR 2 lacs
    10 Online NEFT Transaction Charges Zero
    11 Charges levied for IMPS transaction Up to INR 1 lakh, it is INR 5 per transaction; For amount between INR 1 lakh & INR 2 lacs – INR 15 for each transaction
    12 Speed Clearing Charges Free up to cheque amount of INR 1 lakh. For amount exceeding INR 1 lakh, the charge is INR 150.
    13 Number of free transactions at Axis Bank First five transactions – Both financial and non-financial
    14 Non - Axis Bank ATM : No of Free Transactions Initial three transactions (both financial and non-financial) free in metro cities. First five transactions (both financial and non-financial) in all other regions.
    15 Charges to withdraw cash from Axis & other banks after the given limits INR 20 for each transaction
    16 Non-financial transaction charges for axis and other bank ATMS balance enquiry after limits INR 8.5 for each transaction
    17 Global Money Withdrawal fees (ATM) INR 125
    18 Global Balance Checking fees (ATM) INR 25
    19 Extra charges on train tickets bought with Debit Card 2.5 percent of the overall bill (Min INR 10) + INR 30 for each transaction
    20 Additional charges at Petrol Pumps 2.5 percent of the net sale amount (Min INR 10)
    21 Cross Currency Mark-up on Global Debit Card Transactions 3.50 percent

    IV. Fees levied if the transaction fails:

    SL No Particulars Amount
    1 Return of outward cheque INR 150 for each cheque
    2 Return of inward cheque INR 350 for the first returned cheque. INR 750 for subsequent cheques.
    3 Return of outstation cheque INR 150 for each cheque

    V. Convenience fees & charges:

    Sl No Particulars Amount
    1 Fee to replace the debit card INR 100
    2 Fee to replace your MyDesign Card Original Card Replacement Fee + INR 150
    3 Fee to replace CHIP & PIN debit card - Original Card Replacement Charges + INR 50
    4 Charges for cheque book after the first free one INR 50 for a cheque book with 20 leaves
    5 To get duplicate PIN (Branch mode only) INR 100
    6 To obtain duplicate passbook INR 100
    7 Physical Statement Fee at branch, for prior quarters INR 100
    8 Stop Payment Instructions: Cheque INR 100 for each cheque, with a maximum of INR 200 for Series (>2)
    9 Stop Payment Instructions: ECS INR 100
    10 To cancel DD/ PO INR 100
    11 To obtain duplicate DD/ PO INR 100
    12 To revalidate DD/ PO INR 100
    13 Further fee for DD/ PO INR 50
    14 For Value-added SMS Alerts INR 5 (Monthly)
    15 To conform the given address INR 100
    16 To get the photo attested INR 100
    17 To verify the signature INR 100
    18 To issue Balance Certificate INR 100
    19 Charges levied for locker facility Differs by size and branch type from different regions.
    20 Replacement charges for NetSecure with 1 Touch INR 500

    Axis Bank Prime Salary Account

    Overview

    Bank Axis Bank
    Category Salary Account (Prime Salary Account)
    Minimum Balance Requirements Zero
    Initial Deposit Requirements Zero
    Interest Rate Four percent interest (paid per quarter)
    Debit Card Offered MasterCard Titanium Rewards Debit Card

    Features and Benefits of Prime Salary Account of Axis Bank

    • By adding prime features to your payroll account, you can access incomparable perks with this account.
    • With no initial opening and balance maintenance requirements, you are also offered indefinite online NEFT transactions at absolutely no charges.
    • You can also claim two multi-city at par cheque book quarterly for free in addition to a couple of free Pay Orders and Demand Drafts (DDs) drawn monthly at any Axis Bank branch.
    • You can get free account statements on monthly basis by registering for the same or by texting GREEN to 5676782
    • Proudly standing at the third position among the Indian private lenders, Axis Bank has a strong national presence with 2500 branches and around 12,100 ATMs.  
    • You can also sign up for internet and mobile banking services.
    • MasterCard Titanium Rewards Debit Card knocks your door free of joining fees as well yearly charges if you are a primary account holder.
    • Get five percent Cash Back every time you buy a film ticket.
    • You can avail at least 15 percent of rebate at more than 4000 restaurants associated with the bank with the Dining Delights program offered with the card. Not to mention getting your additional fuel charges waived off (no more than INR 200 monthly).
    • A much higher withdrawal and shopping (by card) limit of INR 50,000 and INR 4 lacs respectively is another highlight of this debit card.
    • While most other banks offer less number of free transactions, you can enjoy ten free transactions at Axis Bank ATM and five free transactions at other bank ATMs in a month.
    • Novelty of a customized cash card has not worn off yet and make heads turn by embossing an image of your choice picked from the site, axisbank.com/mydesign
    • Unique perks for premium corporates see endless with one percent money on monthly spend of INR 750, 25 percent money back on film tickets up to INR 1000 annually.
    • While most cards offer indemnity of up to two or five lacs, this card offer personal accident cover of up to INR 10 lacs. You are also offered more air accident death cover if up to INR 25 lacs.
    • Personal Accident Cover: In the unlucky occurrence of demise in an accident, the client's near and dear ones can avail the benefit of accident cover of INR 5 lacs.
    • Axis Bank also insures you against the consequences of card loss. You are to notify the bank immediately after realizing you lost your card, which is easy as they have a round-the-clock customer care centre. And you are insured for any king of swindle related to it.
    • Purchase Protection is another attractive benefit as everything you buy with the card is insured for up to three months against hazards like fire, natural disaster, break-in etc. You can claim for a joint lost card accountability plus purchase protection of up to INR 1.50 lacs.
    • Please note that to be eligible for insurance your card has to be in your possession for at least six months prior to the date of accident.
    • Prime Salary Savings Account offers a special Family Banking Program in which you can register up to three family members, so that all the above benefits can be accessed by your people too.
    • Under the Family Banking Program, you also have the option of choosing a Family Name and link a savings account in your name for their use.
    • If you are making use of the bank’s locker facility, remember that you are eligible for 10 percent rebate.
    • eDGE Loyalty Rewards Program lets all Savings Account users to earn points on certain transactions and by keeping a monthly balance of at least INR 25,000. You can exchange these points against any item listed in the bank’s rewards catalogue.

    Eligibility Criteria for Axis Bank Prime Salary Account

    To start an Axis Bank Prime Salary Account, you must procure an introductory letter from the corporate you work at as per the format given by the Bank, which must be duly sealed and signed by the official signatory.

    Documentation Procedure for Axis Bank Prime Salary Account

    The applicant should submit an address and identity proof as specified below.

    • Two most recent passport sized photo (less than six months old).
    • Address Proof can be a copy of any of your latest utility bill, Ration Card, Gas Connection Book, IT Returns papers or Rental/ lease agreement.
    • ID Proof can be a copy of your Driving License, PAN Card, Voter ID Card, Passport, Aadhaar Card, or any photo ID provided by government, defense or any public sector enterprise etc.  
    • Please remember to bring all the aforementioned documents for both the parties if you are opening a Joint Account.

    How to Apply for Prime Salary Account with Axis Bank

    To start a Prime Salary Account, your company must have a Salary Account association with Axis Bank in the first place. If that is taken care of, you can either visit your nearest Axis branch or email your request to [email protected] You may also send an SMS (‘Salary’) to 5676782. A bank representative will get in touch with in in a day to take it forward.

    Fees & Charges Applicable on Axis Bank Prime Salary Account

    BASIC CHARGES
    SL No Particulars Amount
    1 First Funding Zero
    2 Average Balance to be maintained in metro cities Zero
    3 Charges for Account Service in metro cities Not Applicable
    4 Average Balance to be maintained in urban areas Zero
    5 Charges for Account Service in urban areas Not Applicable
    6 Average Balance to be maintained in semi urban areas Zero
    7 Charges for Account Service in Semi Urban areas Not Applicable
    8 Average Balance to be maintained in rural areas Zero
    9 Account Service Charges in rural areas Not Applicable
    10 Total Relationship Value (for every location) Not Applicable
    11 Fee levied to issue Primary Card Zero
    12 Yearly fee for Primary Card Zero
    13 Fee to issue a Joint Card INR 150 (Extra INR 50 for CHIP & PIN embedded card)/ INR 500 for Titanium Rewards
    14 Yearly fee for Joint Card INR 150/ INR 300 for Titanium Rewards
    15 To issue customized Debit Card (from My Design) Original Card Issuance cost + INR 100
    16 To issue card with CHIP & PIN Zero
    17 DD/ PO Issuance: Number of free DD/ PO Two in a month
    18 To close the account INR 500
    19 NetSecure with 1 Touch Issuance fee INR 800
    TRANSACTION CHARGES
    SL NO Particulars Amount
    1 Limit to withdraw from ATM per day INR 50,000
    2 Shopping limit in a day INR 4 lacs
    3 Free monthly transactions in Metro or Urban areas Initial five transactions or up to INR 10 lacs (whichever is earlier)
    4 Free monthly money transactions in Semi-Urban and Rural areas Initial ten transactions or up to INR 10 lacs (whichever is earlier)
    5 Penalty fee levied on Deposits and Withdrawals above stipulated limit INR 5 per INR 1000 or INR 150, whichever is more
    6 Fee levied to collect Outstation Cheque Up to INR 5000, they charge INR 25 per cheque; For amount between INR 5000 and INR 10,000, INR 50 is levied; For sum between INR 10,000 and INR 1 lakh, INR 100 is charged and for all cheques above INR 1 lakh, they levy INR 200 for each cheque as fee.
    7 RTGS Charges (from Branch) INR 25 for INR 2 lacs to INR 5 lacs; And INR 50 for transactions for more than INR 5 lacs.
    8 RTGS Charges (Online) Zero
    9 NEFT Transaction Quarterly Limits Limitless online transactions allowed
    10 NEFT Charges (from Branch) INR 2.5 per transaction for up to INR 10,000; INR 5 is charged for transaction between INR 10,000 and INR 1 lakh; INR 15 is levied for transaction between INR 1 and 2 lacs and any transaction above INR 2 lacs are charged INR 25.
    11 NEFT Charges (Online) Zero
    12 IMPS Fees Upto Rs.1 Lakh - Rs.5 per transaction, Rs.1 Lakh to Rs.2 Lakh - Rs.15 per transaction
    13 Fees levied for Speed Clearing Free up to cheque sum of INR 1 lakh. Charged INR 150 for money above INR 1 lakh
    14 Axis/ Non-Axis ATM: Cash Withdrawal (Financial transaction) fees after free transactions INR 20 for each transaction
    15 Axis/ Non-Axis ATM: Balance Enquiry (Non-Financial transaction) fees once you exhaust the limits INR 8.5 for each transaction
    16 For money withdrawals from overseas ATMs INR 125
    17 Global Balance Enquiry charges at ATMs INR 25
    18 Surcharge on Train Tickets bought with your Debit Card 2.5 percent of the sale amount (at least INR 10) + INR 30 for each transaction
    19 Additional charges at fuel stations 2.5 percent of the sale sum (at least INR 10) (This is waived off if you have a Titanium Rewards card)
    20 Cross Currency Mark-up on Overseas Debit Card Transactions 3.50 percent
    TRANSACTION FAILURE CHARGES
    SL NO Particulars Amount
    1 Return of Outward Cheque INR 150 for each cheque
    2 Return of Inward Cheque INR 350 for first Cheque and INR 750 per instance starting from 2nd Cheque
    3 Return of Outstation Cheque INR 150 for each cheque
    4 If ECS Debit Fails INR 350 for first ECS Debit return and INR 750 for each instance starting from 2nd transaction
    CONVENIENCE CHARGES
    SL NO Particulars Amount
    1 Fee to replace the debit card INR 150
    2 For an extra MyDesign Card (Replacement Charges) Original Replacement Fee +INR 100
    3 Replacement Fee for additional CHIP & PIN embedded card   Zero
    4 Fee for extra Cheque book INR 50 per cheque book (20 leaves)
    5 To issue Duplicate PIN (only for branch mode) INR 100
    6 To issue Duplicate Passbook INR 100
    7 Fee to obtain Physical Statement at bank branch, for previous quarters INR 100
    8 Charges for Stop Payment Instructions via Cheque INR 100 per cheque, with a maximum of INR 200 for Series (>2)
    9 Charges for Stop Payment Instructions via ECS INR 100
    10 To cancel DD/ PO INR 100
    11 To issue duplicate DD/PO INR 100
    12 To revalidate DD/ PO INR 100
    13 Fee for Additional DD/ PO INR 50
    14 To get Value Added SMS Alerts INR 5 monthly
    15 Charges for Address Confirmation INR 100
    16 To get the photo attested INR 100
    17 Charges to verify signature INR 100
    18 Fee for Balance Certificate INR 100
    19 Locker charges Varies by Size and branch category (Metro/urban/semiurban/rural)
    20 NetSecure with 1 Touch Replacement fee Rs.500
    OTHER ADDED CHARGES
    SL NO Particulars Amount
    1 Demat A/C yearly fees where pertinent If the Demat account is connected with your savings account- INR 650; If Demat account is not connected to your savings account- INR 2500
    2 Other Free Services & Discounts Demat Account AMC (1st Yr)
    OVERSEAS CURRENCY CHARGES
    SL NO Particulars Amount
    1 International Currency Outward Remit by Wire/ TT/ Swift INR 1000
    2 Overseas Currency Outward Remit by Demand Draft INR 250 or 0.3 percent (whichever is more)
    3 Overseas Currency Inward Remit Fee for each remittance INR 250
    4 Overseas Currency Inward Remit: FIRC Fees Levied INR 100
    5 To deposit overseas currency at branches INR 100
    6 For traveler cheques & currency notes INR 100
    7 Base Charges for Overseas Currency Cheque 0.25 percent of INR Value + Service Tax (at least INR 111)
    8 IRM Commission for Overseas Currency Cheque INR 250
    9 Courier charges for Overseas Currency Cheque INR 50
    10 Foreign Currency Cheque: Additional Charge -FCS only Charged as per the correspondent bank
    11 Extra charges levied for Overseas Currency Cheque (Only Direct Collection) Drawee Bank Charges - On Receipt
    12 Extra charges levied for Overseas Currency Cheque (Only Reimbursement Collection) Drawee Bank Charges - On Receipt & Correspondent Bank Charge is 13 USD

    Axis Bank Priority Salary Account

    Overview:

    Bank Axis Bank
    Category Salary Account (Priority Salary Account)
    Minimum Balance Requirements Zero
    Initial Deposit Requirements Zero
    Interest Rate Four percent interest
    Debit Card Offered Priority Platinum Debit Card

    Features & Benefits of Priority Salary Account of Axis Bank

    Let us explore the limitless perks and impeccable services offered by Priority Salary Account.

    I. Axis Priority Privileges: One of the most notable perks of being a priority salary account holder is having a devoted Relationship Manager for any banking requirement. You get special treatment every time you call at an Axis bank branch or if you contact them via phone. You will be entitled to a slew of doles such as discounts when dining out as well as cash back offers when you buy movie tickets. You can also access special rates for their loans, locker facilities etc.

    II. Accessibility & convenience in banking: With more than 12,000 ATMs and 2500 branches peppered across the nation, connectivity and inconvenience will be least of your worries. You get as many free multi-city at par cheque books as you want. On top of this, there is no restriction on DDs and Pay Orders drawn at any Axis Bank branch. Other than these, limitless online money transfers and regular consolidated bank statements too can be accessed.

    III. Debit Card: Having a Priority Salary Account means getting a Visa Priority Platinum Debit Card at no charge. Yearly fees too will be waived off. Swipes with this card can save you 1 percent of your card spends (no more than INR 750), 25 percent on film ticket charges as well as 15 percent from your restaurant bills (listed in the bank’s Dining Delights. And what is more, it comes with unlimited free transactions from any ATM in the country and increased money withdrawal limit of INR 1 lakh and shopping limit of INR 4 lacs. You can also pick a design of your liking to customize your card. Other benefits entail waiver of surcharge at petrol pumps and entry to certain airport lounges.

    IV. Improved Insurance Coverage: A Priority Salary Account holder (only for premium corporates) can claim more personal accident cover of up to INR 10 lacs in the event of a mishap. And plane accidental demise cover can be claimed up to INR 25 lacs.  For others INR 5 lacs will be given to the user’s legatees in the event of death. Even the items you buy using your card are automatically insured for at least three months against fire, disasters and theft. Upon losing your debit card and reporting it to the bank (in a day), you will not be held responsible for any kind of duplicitous use. You can claim up to INR 1.75 lacs together for both. Please note that your debit card has to be in use for at least six months to make any of the aforementioned claims.

    V. Special benefits for your near and dear ones: Now you can share the card and all its perks including eDGE Loyalty rewards with at least three members of your family. You can pick a family name for the account and keep a savings account exclusively for your combined use. This will give you 10 percent rebate on lockers.

    VI. eDGE Loyalty Rewards Program: Make good use of this program by earning points in numerous ways like transacting at least INR 50,000 via your account per month. If you start an RD of INR 2000 and above, you earn points as starting an AxisDirect account. Now about earning points using your Priority Platinum Debit Card. Every time you swipe the card for INR 200 at any domestic mercantile, it fetches you a point while international spends for the same will earn you three points. Make 75 points on the very first offline transaction and make 150 points for the first offline card transaction. All these assimilated reward points shall be used to buy any product or service listed in the bank’s alluring reward catalogue.  

    VII. If emergency crops up: You have an overdraft feature with a limit which is two or three times more than your overall monthly remuneration. This limit is usually INR 1 lakh (to be paid back in 1 year). Loan rates too are sometimes revised for customers with priority accounts.

    Eligibility Criteria for Axis Bank Priority Salary Account

    • The applicant has to be of age 18 and above.
    • To open a priority salary account at Axis Bank, you need to be an employee of a registered and valid organization and submit an introductory letter signed by any authorized person. It also has to be stamped with the company seal.

    Documentation Procedure for Axis Bank Priority Salary Account

    • Introductory letter from the organization you work at.
    • ID Proof, which could be copy of your SSLC Book, PAN Card, Voters ID, Passport, Driving License, Aadhar Card, any ID card issued by Government, Defence services or Public Sector undertaking etc.
    • Residence Proof, which could be any of your most recent utility bill, ration card, rental/ lease agreement, Gas connection book, Income tax papers.
    • Please note that if you are applying to open a joint priority salary account, the aforementioned documents of both the parties have to be submitted.

    How to Apply for a Axis Bank Priority Salary Account

    To start a Priority Salary Account, the primary criteria is for your enterprises to have a Salary Account association with the lender. If your company already has that, you may get in touch with the bank directly or email the purpose to [email protected] You also have the option of texting "Salary" to 5676782. One of the Axis staff will get in touch with you and fix an appointment to get all the required KYC paperwork done.

    Fees & Charges on Axis Bank Priority Salary Account

    BASIC SERVICE CHARGES
    SL No Particulars Amount
    1 Initial Funding Required Zero
    2 Average Balance Criteria for metro cities Zero
    3 Charges levied for Account Services in metro cities Not Applicable
    4 Average Balance Criteria for urban areas Zero
    5 Charges levied for Account Services in urban regions Not Applicable
    6 Average Balance to be maintained in semi urban places Zero
    7 Account Service Fee charged in semi urban areas Not Applicable
    8 Average Balance to be maintained in rural villages Zero
    9 Account Service Fee imposed in rural regions Not Applicable
    10 Overall Relationship Value (for every locale) Zero
    11 Type of Debit Card offered (for single and joint accounts) Priority Platinum Debit card
    12 Fee levied to issue a Primary Debit Card Zero
    13 Yearly charges levied for the card Zero
    14 Charges to get a My Design Card issued Original Card Issuance cost + Rs.100
    15 To get yourself a CHIP & PIN enabled card issued Zero
    16 Number of cheque books issued for free. No limit mentioned
    17 Number of free DD/ PO Issuance No limit
    18 Charges to close account INR 500
    19 Fee to get NetSecure with 1 Touch issued INR 800
    TRANSACTION CHARGES
    SL No Particulars Amount
    1 Cash withdrawal limit and shopping (online and offline) limit per day INR 1 lakh and INR 4 lacs respectively
    2 Free money transaction per month (for metro cities and urban areas) First ten cash transactions (to deposit or withdraw) with zero value limit
    3 Free money transactions offered per month (Semi-urban and rural) First ten transactions of cash deposit or withdrawal with no value limit
    4 Fees levied for all transactions after the limit INR 5 per INR 1000 or INR 150 (whichever is more)
    5 Charges levied to collect outstation cheque INR 25 for cheques up to INR 5000; INR 50 for cheques between INR 5000 & INR 10,000; INR 100 for cheques between INR 10,000 and INR 1 lakh; And INR 200 for amount exceeding INR 1 lakh
    6 Fees for RTGS (Branch) INR 25 for each transaction for amount between INR 2 lacs and INR 5 lacs; INR 50 for each transaction above INR 5 lacs.
    7 RTGS Fees (Online) Zero
    8 Number of free NEFT transactions given every quarter Unlimited online transactions
    9 Fees for NEFT (Branch) INR 2.25 per transaction for up to INR 10,000; INR 5 per transaction for amount between INR 10,000 and INR 1 lakh; INR 15 per transaction for amount between INR 1 lakh and INR 2 lacs; And INR 25 for transactions above INR 2 lacs.
    10 Fees for online NEFT transaction Zero
    11 Fees for IMPS INR 5 per transaction up to INR 1 Lakh & INR 15 per transaction between INR 1 lakh and INR 2 lacs.
    12 Fees levied for Speed Clearing Free up to cheque amount less than INR 1 lakh. They charge INR 150 per cheque for amount more than INR 1 lakh.
    13 Number of free transactions allowed from Axis Bank ATMs. Unlimited
    14 Number of free transactions allowed from other bank’s ATMs. Unlimited
    15 Fees levied to withdraw money from Axis or non-Axis ATM after the set limit Zero
    16 Axis/Non-Axis ATM: Balance Fees levied to check your balance from Axis or non-Axis ATM after the set limit Zero
    17 International ATM Money Withdrawal charges INR 125
    18 Fees to check balance from ATM when you are abroad INR 25
    19 Surcharge on train tickets bought with your Debit Card 2.5 percent of the sale amount (at least INR 10) + INR 30 for each transaction
    20 Surcharge (additional) at fuel stations Waived off up to INR 200 monthly)
    21 Cross Currency Mark-up on Overseas Debit Card Cash Transactions 3.50 percent
    TRANSACTION FAILURE CHARGES
    SL NO Particulars Amount
    1 Return of Outward Cheque INR 150 for each cheque
    2 Return of Inward Cheque INR 350 for first Cheque and INR 750 per instance starting from 2nd Cheque
    3 Return of Outstation Cheque INR 150 for each cheque
    4 If ECS Debit Fails INR 350 for first ECS Debit return and INR 750 for each instance starting from 2nd transaction
    CONVENIENCE CHARGES
    SL NO Particulars Amount
    1 Fee to replace the debit card INR 200
    2 For an extra MyDesign Card (Replacement Charges) Original Replacement Fee +INR 100
    3 Replacement Fee for additional CHIP & PIN embedded card Zero
    4 Fee for extra Cheque book Zero
    5 To issue Duplicate PIN (only for branch mode) INR 100
    6 To issue Duplicate Passbook INR 100
    7 Fee to obtain Physical Statement at bank branch, for previous quarters INR 100
    8 Charges for Stop Payment Instructions via Cheque INR 100 per cheque, with a maximum of INR 200 for Series (>2)
    9 Charges for Stop Payment Instructions via ECS INR 100
    10 To cancel DD/ PO INR 100
    11 To issue duplicate DD/PO INR 100
    12 To revalidate DD/ PO INR 100
    13 Fee for Additional DD/ PO Zero
    14 To get Value Added SMS Alerts Zero
    15 Charges for Address Confirmation INR 100
    16 To get the photo attested INR 100
    17 Charges to verify signature INR 100
    18 Fee for Balance Certificate INR 100
    19 Locker charges Varies by Size and branch category (Metro, urban, semi-urban or rural regions)
    20 NetSecure with 1 Touch Replacement charges INR 500
    OTHER ADDED CHARGES
    SL NO Particulars Amount
    1 Demat A/C yearly fees where pertinent If the Demat account is connected with your savings account- INR 650; If Demat account is not connected to your savings account- INR 2500
    2 Other Free Services & Discounts Demat Account AMC (1st Yr)
    OVERSEAS CURRENCY CHARGES
    SL NO Particulars Amount
    1 International Currency Outward Remit by Wire/ TT/ Swift INR 1000
    2 Overseas Currency Outward Remit by Demand Draft INR 250 or 0.3 percent (whichever is more)
    3 Overseas Currency Inward Remit Fee for each remittance INR 250
    4 Overseas Currency Inward Remit: FIRC Fees Levied INR 100
    5 To deposit overseas currency at branches INR 100
    6 For traveler cheques & currency notes INR 100
    7 Base Charges for Overseas Currency Cheque 0.25 percent of INR Value + Service Tax (at least INR 111)
    8 IRM Commission for Overseas Currency Cheque INR 250
    9 Courier charges for Overseas Currency Cheque INR 50
    10 Overseas Currency Cheque: Extra Charges (Only for FCS) Charged as per the correspondent bank
    11 Extra charges levied for Overseas Currency Cheque (Only for Direct Collection) Drawee Bank Charges - On Receipt
    12 Extra charges levied for Overseas Currency Cheque (Only Reimbursement Collection) Drawee Bank Charges - On Receipt & Correspondent Bank Charge is 13 USD

    Axis Bank Wealth Salary Account

    Overview:

    Bank Axis Bank
    Category Salary Account (Wealth Salary Account)
    Minimum Balance Requirements Zero
    Initial Deposit Requirements Zero
    Interest Rate Four percent interest
    Debit Card Offered MasterCard Premium Debit Card

    Features & Benefits of Axis Bank Wealth Salary Account

    Axis Bank’s Wealth Salary Account seem to believe in the principle that privileges of wealth are earned as specified below.

    I. Axis Wealth Privileges: High-class and superior service via banking, investment and lifestyle perks with admittance to Premium Banking branches is one highlight of having this salary account. There is also a committed Wealth Manager for you to consult about any of your banking requirement at any time.

    II. eDGE Loyalty Rewards Program: Make good use of this program by earning points in numerous ways like transacting at least INR 50,000 via your account per month including electronic clearance system transactions. If you start an RD of INR 2000 and above, you earn points as starting an AxisDirect account. Now about earning points using your Priority Platinum Debit Card. Every time you swipe the card for INR 200 at any domestic mercantile, it fetches you a point while international spends for the same will earn you three points. Make 75 points on the very first offline transaction and make 150 points for the first offline card transaction. You can also garner points by keeping an average minimum balance of INR 25,000 per month. All these assimilated reward points shall be used to buy any remarkable product or service listed in the bank’s alluring reward catalogue, categorized as Amazing Deals, Favorites, Little treats and What’s New among others.  

    III. Ease of access in banking: You can engage in any kind of banking at around 1600 premium branches. There are more than 10000 ATM kiosks strewn from one end of the country to the other. You can request for any number of cheque books as per your need, which is totally free. You can even place Pay Orders or DDs drawn at any home branch, which is not charged at all. The bank doesn’t even levy service charge to collect outstation cheques, if they are drawn from any Axis Bank area. With electronic money transaction feature (NEFT & RTGS) throughout the country, not to mention net banking and phone banking facility along with regular bank statements, the round-the-clock services of the bank is unstoppable. And all these are not charged at all.  

    IV. Debit Card: You are issued a MasterCard Premium Debit Card as a primary account user with a waiver in yearly charges. You can do ATM transactions multiple times without being charged at all. Money up to INR 2 lacs can be taken out in a day while the shopping limit is INR 5 lacs for a day. Not only can you be free from fuel surcharges from any petrol pump, but you can also gain privileged airport lounge access. Don’t forget to utilize the reward program by earning points which can be garnered and exchanged for any of the listed product or service in their catalogue.  

    V. Insure yourself, your family as well as hard-earned assets: Offering a Personal Accident Coverage of up to INR 10 lacs, the MasterCard Premium Debit Card is boon. As an Axis Bank Debit Card user, you will be covered against fraudulence in case your card is lost or stolen. But this will be possible only if you notify the customer care within a day. Any customer durable merchandises bought by swiping your debit card are generally covered against fire, natural catastrophe, housebreak etc. up to three months from the day you bought them. You can claim up to INR 5 lacs for loss of card claim and goods bought. The card also offers Life Insurance solutions in partnership with Max Life Insurance Limited.

    VI. Share the perks with family: Wealth salary account is endowed with too many benefits to be enjoyed by one person. Like they say, sharing is caring and you have the choice to share these perks with your family members (not minors). You may open a zero balance savings account for a family member in any part of India.

    VII. If any emergency strikes: Enjoy the special overdraft facility with prolonged limit of two to three times of your total monthly compensation (as long as it is not more than INR 1 lakh). This will be offered as per your eligibility. You can take one year to pay back the money thus drawn. You can also get preferential loan rates, specially customized for wealth account holders.

    Eligibility Criteria for Axis Bank Wealth Salary Account

    • The applicant has to be of age 18 and above.
    • To open a wealth salary account at Axis Bank, you need to be an employee of a registered and valid organization and submit an introductory letter signed by any authorized person. It also has to be stamped with the company seal.  

    Documentation Procedure for Wealth Salary Account

    • Introductory letter from the organization you work at.
    • ID Proof, which could be Xerox copy of your SSLC Book, PAN Card, Voters ID, Passport, Driving License, Aadhar Card, any ID card issued by Government, Defence services or Public Sector undertaking etc.
    • Residence Proof, which could be any of your most recent utility bill, ration card, rental/ lease agreement, Gas connection book, Income tax papers.

    Please note that if you are applying to open a joint wealth salary account, the aforementioned documents of both the parties have to be submitted.

    How to Apply for a Axis Bank Wealth Salary Account

    Applying to start a Wealth Salary Account in Axis Bank is simple if your company has a Salary Account association with the lender. Once that is established, you can either contact them at your nearest branch directly or write to them at [email protected], stating the purpose. Or send an SMS "Salary" to 5676782. Soon a bank official will contact you to fix an appointment so that the paperwork required can be done.

    Fees & Charges of Axis Bank Wealth Salary Account

    BASIC SERVICE CHARGES
    SL No Particulars Amount
    1 Initial Funding Required Zero
    2 Average Balance Criteria for metro cities Zero
    3 Charges levied for Account Services in metro cities Not Applicable
    4 Average Balance Criteria for urban areas Zero
    5 Charges levied for Account Services in urban regions Not Applicable
    6 Average Balance to be maintained in semi urban places Zero
    7 Account Service Fee charged in semi urban areas Not Applicable
    8 Average Balance to be maintained in rural villages Zero
    9 Account Service Fee imposed in rural regions Not Applicable
    10 Overall Relationship Value (for every locale) Not Applicable
    11 Type of Debit Card offered (for single and joint accounts) World Debit card
    12 Fee levied to issue a Primary Debit Card Zero
    13 Yearly charges levied for the card Zero
    14 Charges to get a My Design Card issued Original Card Issuance cost + Rs.100
    15 To get yourself a CHIP & PIN enabled card issued Zero
    16 Number of cheque books issued for free. No limit mentioned
    17 Number of free DD/ PO Issuance No limit
    18 Charges to close account INR 500
    19 Fee to get NetSecure with 1 Touch issued INR 800
    TRANSACTION CHARGES
    SL No Particulars Amount
    1 Cash withdrawal limit and shopping (online and offline) limit per day INR 2 lacs and INR 5 lacs respectively
    2 Free money transaction per month (for metro cities and urban areas) No limit
    3 Free money transactions offered per month (Semi-urban and rural) No limit
    4 Fees levied for all transactions after the limit Not applicable
    5 Charges levied to collect outstation cheque INR 25 for cheques up to INR 5000; INR 50 for cheques between INR 5000 & INR 10,000; INR 100 for cheques between INR 10,000 and INR 1 lakh; And INR 200 for amount exceeding INR 1 lakh
    6 Fees for RTGS (Branch) INR 25 for each transaction for amount between INR 2 lacs and INR 5 lacs; INR 50 for each transaction above INR 5 lacs.
    7 RTGS Fees (Online) Zero
    8 Number of free NEFT transactions given every quarter Unlimited online transactions
    9 Fees for NEFT (Branch) INR 2.50 per transaction for up to INR 10,000; INR 5 per transaction for amount between INR 10,000 and INR 1 lakh; INR 15 per transaction for amount between INR 1 lakh and INR 2 lacs; And INR 25 for transactions above INR 2 lacs.
    10 Fees for online NEFT transaction Zero
    11 Fees for IMPS INR 5 per transaction up to INR 1 Lakh & INR 15 per transaction between INR 1 lakh and INR 2 lacs.
    12 Fees levied for Speed Clearing Free up to cheque amount less than INR 1 lakh. They charge INR 150 per cheque for amount more than INR 1 lakh.
    13 Number of free transactions allowed from Axis Bank ATMs. Unlimited
    14 Number of free transactions allowed from other bank’s ATMs. Unlimited
    15 Fees levied to withdraw money from Axis or non-Axis ATM after the set limit Zero
    16 Axis/Non-Axis ATM: Balance Fees levied to check your balance from Axis or non-Axis ATM after the set limit Zero
    17 International ATM Money Withdrawal charges INR 125
    18 Fees to check balance from ATM when you are abroad INR 25
    19 Surcharge on train tickets bought with your Debit Card 2.5 percent of the sale amount (at least INR 10) + INR 30 for each transaction
    20 Surcharge (additional) at fuel stations Waived off up to INR 200 monthly
    21 Cross Currency Mark-up on Overseas Debit Card Cash Transactions 3.50 percent
    TRANSACTION FAILURE CHARGES
    SL NO Particulars Amount
    1 Return of Outward Cheque INR 150 for each cheque
    2 Return of Inward Cheque INR 350 for first Cheque and INR 750 per instance starting from 2nd Cheque
    3 Return of Outstation Cheque INR 150 for each cheque
    4 If ECS Debit Fails INR 350 for first ECS Debit return and INR 750 for each instance starting from 2nd transaction
    CONVENIENCE CHARGES
    SL NO Particulars Amount
    1 Fee to replace the debit card INR 200
    2 For an extra MyDesign Card (Replacement Charges) Original Replacement Fee +INR 100
    3 Replacement Fee for additional CHIP & PIN embedded card Zero
    4 Fee for extra Cheque book Zero
    5 To issue Duplicate PIN (only for branch mode) INR 100
    6 To issue Duplicate Passbook INR 100
    7 Fee to obtain Physical Statement at bank branch, for previous quarters Zero
    8 Charges for Stop Payment Instructions via Cheque INR 100 per cheque, with a maximum of INR 200 for Series (>2)
    9 Charges for Stop Payment Instructions via ECS INR 100
    10 To cancel DD/ PO INR 100
    11 To issue duplicate DD/PO INR 100
    12 To revalidate DD/ PO INR 100
    13 Fee for Additional DD/ PO Zero
    14 To get Value Added SMS Alerts Zero
    15 Charges for Address Confirmation INR 100
    16 To get the photo attested INR 100
    17 Charges to verify signature INR 100
    18 Fee for Balance Certificate INR 100
    19 Locker charges Varies by Size and branch category (Metro, urban, semi-urban or rural regions)
    20 NetSecure with 1 Touch Replacement charges INR 500
    OTHER ADDED CHARGES
    SL NO Particulars Amount
    1 Demat A/C yearly fees where pertinent Zero
    2 Other Free Services & Discounts Demat Account AMC (1st Yr)
    OVERSEAS CURRENCY CHARGES
    SL NO Particulars Amount
    1 International Currency Outward Remit by Wire/ TT/ Swift INR 250
    2 Overseas Currency Outward Remit by Demand Draft INR 250
    3 Overseas Currency Inward Remit Fee for each remittance INR 250
    4 Overseas Currency Inward Remit: FIRC Fees Levied INR 100
    5 To deposit overseas currency at branches INR 100
    6 For traveler cheques & currency notes INR 100
    7 Base Charges for Overseas Currency Cheque 0.25 percent of INR Value + Service Tax (at least INR 111)
    8 IRM Commission for Overseas Currency Cheque INR 250
    9 Courier charges for Overseas Currency Cheque INR 50
    10 Overseas Currency Cheque: Extra Charges (Only for FCS) Charged as per the correspondent bank
    11 Extra charges levied for Overseas Currency Cheque (Only for Direct Collection) Drawee Bank Charges - On Receipt
    12 Extra charges levied for Overseas Currency Cheque (Only Reimbursement Collection) Drawee Bank Charges - On Receipt & Correspondent Bank Charge is 13 USD

    Axis Bank Defence Salary Account (Power Salute)

    Overview:

    Bank Axis Bank
    Category Salary Account (Power Salute Defence Salary Account)
    Minimum Balance Requirements Zero
    Initial Deposit Requirements Zero
    Interest Rate Four percent interest (paid per quarter)
    Debit Card Offered Power Salute Debit Card

    Features & Benefits of Defence Salary Account

    They are the real life yet unsung heroes of our country. They sacrifice a lot and brave extreme conditions for the country. Yes, we are talking about the Indian Defence employees and Axis Bank considers it a great privilege to serve India’s defenders. As a preferred banking partner by the defence, the lender has come up with a unique salary account that comprehends their life and times in the forces. Hence these Premium Banking Solutions customized for them.

    Given below are features and benefits in detail:

    • You do not have to stress about any minimum initial deposit requirements or average balance to be maintained per month.
    • You can claim more personal accident insurance cover than other accounts. Same goes for cover for plane accident cover.
    • You can earn up to four percent as interest as per your balance.
    • You can enjoy limitless ATM withdrawals along with unlimited deposits at any home branches at absolutely no charge. Same goes for NEFT money transfers online and PO/ DDs.
    • You can also collect as many cheque books as you want as per your requirements.
    • Avail monthly e-statements for free. All you need to do is send a text message, GREEN to 5676782. With options of internet and phone banking accessible from anywhere, along with a strong physical presence thanks to 12000 ATMs and 2300 branches strewn all over the country, convenience of banking is a given.
    • Upon opening Defence Salary Account of Axis Bank, you will be given a Power Salute Debit Card, endowed with an enhanced ATM withdrawal limit of INR 40,000 and PoS swipe of INR 1 lakh per day. It has no issuance or yearly fees.
    • Use this card to avail at least 15 percent rebate at more than Minimum 15% discount at more than 4000 eateries and bistros with the Bank’s Dining Delights program.
    • There is no set limit for money withdrawals from ATMs.
    • Personal Accident Insurance Cover: In the ill-fated event of demise of the account holder in an accident, the recipients can claim up to INR 10 lacs.
    • In case you lose your card or if it gets stolen, you will be indemnified for possible swindles or misuse of your card. But you do have to report the incident to the bank’s customer care centre with in a day without fail.
    • Anything (durable) you buy by swiping your debit card is automatically covered against accidents related to fire, breaking-in and natural disasters for up to three months from the day you bought them. You can get up to INR 40,000 for both card loss and purchase protection together.
    • If you have bought the air tickets using your Axis Bank Power Salute Debit Card, your beneficiaries can get an insurance amount of up to INR 25 lacs in case of an accident.
    • Truly, Defence Salary Account has too many perks to offer and it would be a great pity to not share them. And the bank’s Family Banking Program allows you to do just that. You can sign up three 3 of your family members to have access to your account. This can be done by picking a family name and choose a savings account for the same.
    • You are also eligible for 10 percent rebate if you opt for locker services.
    • There is also a chance to make extra eDGE loyalty rewards as a family too.
    • eDGE Loyalty Rewards Program fetches you redeemable points if you maintain at least INR 25,000 balance. The points thus garnered can be cashed to buy any item listed in the bank’s reward catalogue.

    Eligibility Criteria for Axis Bank Defence Salary Account

    • Any Defence official in the position of Officer and above are eligible to have an Axis Bank Defence Salary Account.

    Documentation Procedure for Axis Bank Defence Salary Account

    • You need to submit the papers mentioned below to get a Defence Salary Account.
    • An introductory letter from the company for employee bonafides. The format will be provided by the bank itself with the authorized seal and signature.
    • ID Proof: Passport, Voters ID, PAN Card, Aadhaar Card, Driving License, any photo-ID issued by Government, Defence services, Government undertaking.
    • Residence Proof (Only one is required): Any most recent utility bill, Ration Card, Gas Connection Registration Letter, Income tax papers, Rental/ lease agreement etc.
    • For Joint Accounts: The aforementioned documents of both the account users need to be submitted.

    How to apply for Defence Salary Account

    Please contact the nearest Axis Bank office directly or go to the official website (to the salary accounts page) to apply online.

    Fees & Charges Applicable on Axis Bank Defence Salary Account

    BASIC SERVICE CHARGES
    SL No Particulars Amount
    1 Initial Funding Required Zero
    2 Average Balance Criteria for metro cities Zero
    3 Charges levied for Account Services in metro cities Not Applicable
    4 Average Balance Criteria for urban areas Zero
    5 Charges levied for Account Services in urban regions Not Applicable
    6 Average Balance to be maintained in semi urban places Zero
    7 Account Service Fee charged in semi urban areas Not Applicable
    8 Average Balance to be maintained in rural villages Zero
    9 Account Service Fee imposed in rural regions Not Applicable
    10 Overall Relationship Value (for every locale) Not Applicable
    11 Type of Debit Card offered (for single and joint accounts) Power Salute Debit card
    12 Fee levied to issue a Primary Debit Card Zero
    13 Yearly charges levied for the card Zero
    14 Charges to get a My Design Card issued Not Applicable
    15 To get yourself a CHIP & PIN enabled card issued Zero
    16 Number of cheque books issued for free. No limit mentioned
    17 Number of free DD/ PO Issuance No limit mentioned
    18 Charges to close account INR 500
    19 Fee to get NetSecure with 1 Touch issued INR 800
    TRANSACTION CHARGES
    SL No Particulars Amount
    1 Cash withdrawal limit and shopping (online and offline) limit per day INR 2 lacs and INR 5 lacs respectively
    2 Free money transaction per month (for metro cities and urban areas) No limit
    3 Free money transactions offered per month (Semi-urban and rural) No limit
    4 Fees levied for all transactions after the limit Zero
    5 Charges levied to collect outstation cheque INR 25 for cheques up to INR 5000; INR 50 for cheques between INR 5000 & INR 10,000; INR 100 for cheques between INR 10,000 and INR 1 lakh; And INR 200 for amount exceeding INR 1 lakh
    6 Fees for RTGS (Branch) INR 25 for each transaction for amount between INR 2 lacs and INR 5 lacs; INR 50 for each transaction above INR 5 lacs.
    7 RTGS Fees (Online) Zero
    8 Number of free NEFT transactions given every quarter Unlimited online transactions
    9 Fees for NEFT (Branch) INR 2.50 per transaction for up to INR 10,000; INR 5 per transaction for amount between INR 10,000 and INR 1 lakh; INR 15 per transaction for amount between INR 1 lakh and INR 2 lacs; And INR 25 for transactions above INR 2 lacs.
    10 Fees for online NEFT transaction Zero
    11 Fees for IMPS INR 5 per transaction up to INR 1 Lakh & INR 15 per transaction between INR 1 lakh and INR 2 lacs.
    12 Fees levied for Speed Clearing Free up to cheque amount less than INR 1 lakh. They charge INR 150 per cheque for amount more than INR 1 lakh.
    13 Number of free transactions allowed from Axis Bank ATMs. Unlimited
    14 Number of free transactions allowed from other bank’s ATMs. Unlimited
    15 Fees levied to withdraw money from Axis or non-Axis ATM after the set limit Zero
    16 Axis/Non-Axis ATM: Balance Fees levied to check your balance from Axis or non-Axis ATM after the set limit Zero
    17 International ATM Money Withdrawal charges INR 125
    18 Fees to check balance from ATM when you are abroad INR 25
    19 Surcharge on train tickets bought with your Debit Card 2.5 percent of the sale amount (at least INR 10) + INR 30 for each transaction
    20 Surcharge (additional) at fuel stations 2.5 percent of the overall sale money (at least INR 10)
    21 Cross Currency Mark-up on Overseas Debit Card Cash Transactions 3.50 percent
    TRANSACTION FAILURE CHARGES
    SL NO Particulars Amount
    1 Return of Outward Cheque INR 150 for each cheque
    2 Return of Inward Cheque INR 350 for first Cheque and INR 750 per instance starting from 2nd Cheque
    3 Return of Outstation Cheque INR 150 for each cheque
    4 If ECS Debit Fails INR 350 for first ECS Debit return and INR 750 for each instance starting from 2nd transaction
    CONVENIENCE CHARGES
    SL NO Particulars Amount
    1 Fee to replace the debit card INR 100
    2 For an extra MyDesign Card (Replacement Charges) Not Applicable
    3 Replacement Fee for additional CHIP & PIN embedded card Zero
    4 Fee for extra Cheque book Not Applicable
    5 To issue Duplicate PIN (only for branch mode) INR 100
    6 To issue Duplicate Passbook INR 100
    7 Fee to obtain Physical Statement at bank branch, for previous quarters INR 100
    8 Charges for Stop Payment Instructions via Cheque INR 100 per cheque, with a maximum of INR 200 for Series (>2)
    9 Charges for Stop Payment Instructions via ECS INR 100
    10 To cancel DD/ PO INR 100
    11 To issue duplicate DD/PO INR 100
    12 To revalidate DD/ PO INR 100
    13 Fee for Additional DD/ PO Not Applicable
    14 To get Value Added SMS Alerts INR 5 monthly
    15 Charges for Address Confirmation INR 100
    16 To get the photo attested INR 100
    17 Charges to verify signature INR 100
    18 Fee for Balance Certificate INR 100
    19 Locker charges Varies by Size and branch category (Metro, urban, semi-urban or rural regions)
    20 NetSecure with 1 Touch Replacement charges INR 500
    OTHER ADDED CHARGES
    SL NO Particulars Amount
    1 Demat A/C yearly fees where pertinent INR 650 (If it is linked to your savings account); INR 2500 (if it is not linked to your savings account)
    2 Other Free Services & Discounts Demat Account AMC (1st Year)
    OVERSEAS CURRENCY CHARGES
    SL NO Particulars Amount
    1 International Currency Outward Remit by Wire/ TT/ Swift INR 1000
    2 Overseas Currency Outward Remit by Demand Draft INR 250 or .3 percent (whichever is more)
    3 Overseas Currency Inward Remit Fee for each remittance INR 250
    4 Overseas Currency Inward Remit: FIRC Fees Levied INR 100
    5 To deposit overseas currency at branches INR 100
    6 For traveler cheques & currency notes INR 100
    7 Base Charges for Overseas Currency Cheque 0.25 percent of INR Value + Service Tax (at least INR 111)
    8 IRM Commission for Overseas Currency Cheque INR 250
    9 Courier charges for Overseas Currency Cheque INR 50
    10 Overseas Currency Cheque: Extra Charges (Only for FCS) Charged as per the correspondent bank
    11 Extra charges levied for Overseas Currency Cheque (Only for Direct Collection) Drawee Bank Charges - On Receipt
    12 Extra charges levied for Overseas Currency Cheque (Only Reimbursement Collection) Drawee Bank Charges - On Receipt & Correspondent Bank Charge is 13 USD

    Axis Bank Employee Reimbursement Account

    Overview :

    Scores of employees are entitled an extensive list of essential perks from their organizations like life insurance, health insurance, leave and travel allowance, family care, legal aid and reimbursement of expenses incurred while on assignments to name a few. It is important these outlays are properly recorded and streamlined. It is not uncommon for the employees to snatch a few extra bucks here and there at times when they submit their expenditure reports. Sometimes genuine mistakes too happen like filing the same bill twice, which might make the employee seem unscrupulous. Having an Employee Reimbursement Account busts out the scope for these situation, which is why Axis Bank has come up with the same for their corporate clients. Keeping track of remuneration and reimbursement credits has never been easier as it can be started concurrently with the salary account without any added paperwork.

    Features and Benefits of Axis Bank’s Employee Reimbursement Account

    • You can open it along with your salary account at no added cost or documentation.
    • There is no minimum balance requirement.
    • You do not confuse reimbursements with the remaining salary as they are managed separately.
    • It also fetches you 4 percent of interest on available balance, which will be paid to you every quarter.
    • Accessibility and convenience stand out a mile with over 13000 ATMs and 2500 local branches throughout the country.
    • You can easily link your current Salary Account Debit Card to this and withdraw money from any of the two accounts using the same debit card.
    • The account can be operated by net banking as well as mobile banking.
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