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What is cash deposit charges in Axis Bank?

Posted on August 10, 2021 by Author

Table of Contents

  • 1 What is cash deposit charges in Axis Bank?
  • 2 Is there a fee for depositing cash at ATM?
  • 3 How many cash transactions are free in Axis Bank?
  • 4 How much cash can be deposited in bank in a month?
  • 5 How many transactions are free in Axis ATM?
  • 6 What is Axis Bank’s cash deposit policy?
  • 7 What is the maximum limit of ATM transactions in India?
  • 8 What is the axaxis bank convenience fee?

What is cash deposit charges in Axis Bank?

Key fees on your Account

Charges related to your account
Charges for Non-Maintenance (in Rs.) 1000 if MAB>=50\% & 1800 if MAB<50\%
Cash Deposit – Home & Non-Home Branch (Combined) Charges (Min 50 per txn,in Rs.) 3.5/1,000
Monthly Service Charge (in Rs.) 100
Business Classic Debit card issuance and annual fees (in Rs.) 250 and 250

Is there a fee for depositing cash at ATM?

When you use an ATM that isn’t operated by your own bank to make withdrawals, deposits or even simple balance inquiries, you can run into a bundle of extra fees. Banks charge non-customers $1.50 to $3.50 at their ATMs, but non-bank ATM operators often charge more, up to $10 per transaction.

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Is there any charges for cash deposit?

Post-free limit, 0.50\% of the value subject to minimum Rs. 25 per transaction. Savings (other than Basic Account) & Current Accounts: Cash Deposits Charges free, up to Rs. 10000 per month; Post-free limit, 0.50\% of the value subject to minimum Rs.

How many cash transactions are free in Axis Bank?

* 15 transactions free per month post which charge of Rs. 75/transaction would be levied. This is over and above the existing fee structure. *Transactions include Cash transactions at branch, Outward clearing, Fund transfer, RTGS/NEFT & remittances.

How much cash can be deposited in bank in a month?

The cash deposit limit on savings accounts is ₹1 lakh. Depositing more than ₹1 lakh in a savings account may attract the attention of the IT department. There are also certain savings account withdrawal limits that you should know.

How much does it cost to deposit cash at Absa ATM?

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Absa banking fees 2020 – here’s what you’ll be paying

Absa Transact Account 2019 Fees 2020 Fees
Deposit (ATM) R4.50 + R1.50 / R100 R2.00/R100
Debit orders (internal) Free Free
Debit orders (external) R3.80 R3.50
Monthly account fee (PAYT) R5.30 R4.90

How many transactions are free in Axis ATM?

Fees & Charges for Business Classic Debit Card

Charges Amt. (Rs.)
Domestic Balance Inquiry (Axis Bank ATMs) Nil
Free Other ATM Transactions allowed per calendar month 0
Domestic Cash Withdrawal Charge at other ATMs 20 per transaction
Domestic Balance Inquiry Charge at other ATMs 8.5 per transaction

What is Axis Bank’s cash deposit policy?

There is currently no such policy upheld by AXIS Bank where cash deposits would call for extra charges up until 5 transactions per day either at AXIS ATMs or other NFS enabled ATMs.

Are there any fees for cash deposits at ATMs?

Several banks will levy a convenience fee for cash deposits at ATM machines and withdrawals that exceed a prescribed limit. Certain bank transactions will attract a convenience fee from November 2020. Customers who frequently deposit or withdraw cash at ATMs will see these changes affecting their wallets.

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What is the maximum limit of ATM transactions in India?

Maximum transaction count limit on ATM transaction. Maximum 30 transactions allowed in a month (Financial on Axis ATM & Financial + Non-Financial on other bank ATMs),there after fees of flat Rs. 20 per transaction would be charged. International Cash Withdrawal fees (ATM) Rs.125.

What is the axaxis bank convenience fee?

Axis Bank had already started levying the charge earlier this year. It levies convenience fee on cash deposit transaction done at the rate of ₹ 50 per transaction after banking hours (or between 5:00 pm to 9:30 am) and on national and State bank holidays. The convenience fee was effective from 1 August.

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