| Account Type | ASAP Savings Account | ASAP Savings Account |
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| Scheme Code | SBDIG | SBDIB |
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| Account Type | Instant Savings Account | Instant Savings Account |
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| Type | Limited KYC | Full KYC |
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Basic Service Fees | Initial Funding | Minimum Rs.15000 Maximum Rs.92000 | Minimum Rs.15000 |
Average Balance Required (Metro) | Average Monthly Balance (AMB) of Rs. 10,000 | Average Monthly Balance (AMB) of Rs. 10,000 |
Account Service Fee (Metro) | Rs10 per 100 of the shortfall from AMB Requirement or Rs600 whichever is lower, with a min charge of Rs.150 | Rs10 per 100 of the shortfall from AMB Requirement or Rs600 whichever is lower, with a min charge of Rs.150 |
Average Balance Required (Urban) | Average Monthly Balance (AMB) of Rs. 10,000 | Average Monthly Balance (AMB) of Rs. 10,000 |
Account Service Fee (Urban) | Rs10 per 100 of the shortfall from AMB Requirement or Rs600 whichever is lower, with a min charge of Rs.150 | Rs10 per 100 of the shortfall from AMB Requirement or Rs600 whichever is lower, with a min charge of Rs.150 |
Average Balance Required (Semi Urban) | Average Monthly Balance (AMB) of Rs. 5,000 | Average Monthly Balance (AMB) of Rs. 5,000 |
Account Service Fee (Semi Urban) | Rs.10 per 100 of the shortfall from AMB Requirement or Rs.300 whichever is lower,with a min charge of Rs.150 | Rs.10 per 100 of the shortfall from AMB Requirement or Rs.300 whichever is lower,with a min charge of Rs.150 |
Average Balance Required (Rural) | Average Monthly Balance (AMB) of Rs. 2,500 | Average Monthly Balance (AMB) of Rs. 2,500 |
Account Service Fee (Rural) | Rs.10 per 100 of the shortfall from Average Monthly Balance Requirement OR Rs.250, whichever is lower, with a min charge of Rs.150 | Rs.10 per 100 of the shortfall from Average Monthly Balance Requirement OR Rs.250, whichever is lower, with a min charge of Rs.150 |
Total Relationship Value For all locations | Not Applicable | Not Applicable |
Primary Debit Card: Type | Visa Online Virtual Card/Visa Online Rewards Card | Visa Online Virtual Card/Visa Online Rewards Card |
Primary Card: Issuance Fees | Virtual Card- NIL Physical Card Rs. 500 + Tax | Virtual Card- NIL Physical Card Rs. 500 + Tax |
Primary Card: Annual Fees | Virtual Card- NIL Physical Card Rs. 500 + Tax | Virtual Card- NIL Physical Card Rs. 500 + Tax |
Joint Debit Card: Type | Not Applicable | Visa Online Virtual Card/Visa Online Rewards Card |
Joint Card: Issuance Fees | Not Applicable | Virtual Card- NA Physical Card Rs. 500 + Tax |
Joint Card: Annual Fees | Not Applicable | Virtual Card- NA Physical Card Rs. 500 + Tax |
My Design Card Issuance | Not Applicable | Not Applicable |
Chequebook Issuance: No. of Chequebooks Free | No Cheque Book allowed | One multicity Cheque Book Free per year (20 leaves) |
DD/PO Issuance: No. of free DD/PO | Nil | Nil |
Account Closure | Rs. 500* | Rs. 500* |
NetSecure with 1 Touch - Issuance fee | Rs.1000 | Rs.1000 |
Monthly Cash Transaction Free Limits | First 4 Transactions or Rs 2 lakhs whichever is earlier | First 4 Transactions or Rs 2 lakhs whichever is earlier |
*Terms and conditions | * Charges are levied if account is closed between 14 days and 1 years. No charges would be levied if account is closed within 14 days of account opening or after 1 Year. | * Charges are levied if account is closed between 14 days and 1 years. No charges would be levied if account is closed within 14 days of account opening or after 1 Year. |
Transaction Fees | Daily withdrawal limit and Shopping limit | Online Rewards Card Daily withdrawal limit of Rs. 1,00,000/- and purchase limit of Rs. 5,00,000 /- Virtual Visa Card Online Daily Purchase limit of Rs. 1,00,000/- | Online Rewards Card Daily withdrawal limit of Rs. 1,00,000/- and purchase limit of Rs. 5,00,000 /- Virtual Visa Card Online Daily Purchase limit of Rs. 1,00,000/- |
BNA Convenience fees | Rs.50 per transaction after banking hours (i.e. Between 5:00 pm to 9:30 am) and on Bank Holidays (National and State) | Rs.50 per transaction after banking hours (i.e. Between 5:00 pm to 9:30 am) and on Bank Holidays (National and State) |
Monthly Cash Transaction Free Limits (Metro/Urban) | No Free transaction | No Free transaction |
Monthly Cash Transaction Free Limits (Semi-Urban/Rural) | No Free transaction | No Free transaction |
Fees on Cash Deposits and Withdrawals above limits | Rs.5 per Rs.1000 or Rs.150, whichever is higher | Rs.5 per Rs.1000 or Rs.150, whichever is higher |
Cash transaction Fee at Non-home branches | Cash Transactions at Non-Home Branch : Cash transactions upto Rs.25,000/- per day, exceeding which Rs.5/- per thousand or part thereof, subject to a minimum of Rs.150/- to be charged | Cash Transactions at Non-Home Branch : Cash transactions upto Rs.25,000/- per day, exceeding which Rs.5/- per thousand or part thereof, subject to a minimum of Rs.150/- to be charged |
BNA Convinience Fee | Convenience Fee on Cash Deposit Transactions done at Cash Deposit Machines - Rs.50 per transaction after banking hours (i.e. Between 5:00 pm to 9:30 am) and on Bank Holidays & State Holidays | Convenience Fee on Cash Deposit Transactions done at Cash Deposit Machines - Rs.50 per transaction after banking hours (i.e. Between 5:00 pm to 9:30 am) and on Bank Holidays & State Holidays |
Fair usage fees on branch transactions | 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 | 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 |
Outstation Cheque Collection Fees: | Upto Rs.5,000: Rs.25 per cheque, Rs.5,001 - Rs.10,000: Rs.50 per cheque, Rs.10,001 – Rs.1 Lakh: Rs.100 per cheque, Above Rs.1 Lakh: Rs.200 per cheque | Upto Rs.5,000: Rs.25 per cheque, Rs.5,001 - Rs.10,000: Rs.50 per cheque, Rs.10,001 – Rs.1 Lakh: Rs.100 per cheque, Above Rs.1 Lakh: Rs.200 per cheque |
RTGS Fees (Branch + Online) | NIL | NIL |
NEFT Fees (Branch_Online) | NIL | NIL |
IMPS Fees | Re 1 to Rs. 1000 - NIL charges, 1000.01 to 1,00,000 - Rs.5 per transaction + taxes, 1,00,000.01 and above - Rs.15 per transaction + taxes.
| Re 1 to Rs. 1000 - NIL charges, 1000.01 to 1,00,000 - Rs.5 per transaction + taxes, 1,00,000.01 and above - Rs.15 per transaction + taxes.
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Speed Clearing Fees | Free upto cheque amount of Rs.1 lakh. Above Rs.1 lakh- Rs.150 | Free upto cheque amount of Rs.1 lakh. Above Rs.1 lakh- Rs.150 |
Axis Bank ATM: No. of Free Transactions | First 5 transactions Financial and 10 Non Financial free | First 5 transactions Financial and 10 Non Financial free |
Non- Axis Bank ATM: No of Free Transactions | First 3 transactions (Financial + Non Financial) free in Metro Locations (Mumbai, Delhi-NCR, Chennai, Kolkata, Bangalore and Hyderabad ), or - First 5 transactions (Financial + Non Financial) free in all Other Locations.
Effective 1st June - Introduction of ATM Cash withdrawal transaction failure charges at other banks domestic ATM due to insufficient fund in customers Savings Account - Rs 25 Per Instance | First 3 transactions (Financial + Non Financial) free in Metro Locations (Mumbai, Delhi-NCR, Chennai, Kolkata, Bangalore and Hyderabad ), or - First 5 transactions (Financial + Non Financial) free in all Other Locations.
Effective 1st June - Introduction of ATM Cash withdrawal transaction failure charges at other banks domestic ATM due to insufficient fund in customers Savings Account - Rs 25 Per Instance |
Axis/Non-Axis ATM: Cash Withdrawal (financial transaction)fees beyond limits | Rs.20 per transaction | Rs.20 per transaction |
Axis/Non-Axis ATM: Balance Enquiry (non financial transaction) fees beyond limits | Rs.8.5 per transaction | Rs.8.5 per transaction |
International Cash Withdrawal fees (ATM) | Rs.125 | Rs.125 |
International Balance Enquiry fees (ATM) | Rs.25 | Rs.25 |
Surcharge on Railway Tickets purchased with Debit Card | 2.5% of the sale amount (Min Rs. 10) + Rs.30 per transaction | 2.5% of the sale amount (Min Rs. 10) + Rs.30 per transaction |
Surcharge at Petrol Pumps | 2.5% of the sale amount (Min Rs.10) | 2.5% of the sale amount (Min Rs.10) |
Cross Currency Mark-up on International Debit Card Transactions | 0.035 | 0.035 |
Transaction Failure Fees | Standing Instruction / Auto Debit Return (Insufficient Funds) | Rs. 250 | Rs. 250 |
On-us ATM cash withdrawal transaction failure charges due to insufficient funds | Rs. 25/txn | Rs. 25/txn |
SI Failure charges for RD/MF SIP bounce | Rs. 50 per instance | Rs. 50 per instance |
Outward Cheque Return | Rs.200 per cheque | Rs.200 per cheque |
Inward Cheque Return- Financial Reasons | NA | Rs.500 flat per instance |
Inward Cheque Return- Non - Financial Reasons | NA | Rs.50 flat per instance |
Outstation Cheque Return | Rs.150 per cheque | Rs.150 per cheque |
ECS Debit Failure | Rs.500 Flat per instance | Rs.500 Flat per instance |
ATM Cash withdrawal transaction failure charges due to insufficient fund at any bank ATM due to insufficient fund in customer’s savings account | Rs 25 per instance | Rs 25 per instance |
Transaction Decline Fee at POS terminals due to insufficient funds in Savings account | Rs 25 per instance | Rs 25 per instance |
Additional Charges on Non-Maintenance of Balance Applicable to all Branch Locations | ECS/NACH Debit Failure - Rs.650/instance SI Failure - Rs.300/instance Inward Cheque Return - Rs.650/instance Auto Debit Failure - Rs.300/instance Transaction Decline at ATM/POS due to insufficient balance in Savings
Account - Rs.50/instance
| ECS/NACH Debit Failure - Rs.650/instance SI Failure - Rs.300/instance Inward Cheque Return - Rs.650/instance Auto Debit Failure - Rs.300/instance Transaction Decline at ATM/POS due to insufficient balance in Savings
Account - Rs.50/instance
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Convenience Fees | Card Replacement Fee | Visa Online Virtual Card - Card can not be replaced Visa Online Rewards Card - 300+tax | Visa Online Virtual Card - Card can not be replaced Visa Online Rewards Card - 300+tax |
Fair Usage Fees | 15 txn free/month would be permitted and charge of Rs 75/txn would be levied 16th transaction onwards. This is over and above the existing fee structure. | 15 txn free/month would be permitted and charge of Rs 75/txn would be levied 16th transaction onwards. This is over and above the existing fee structure.
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Additional MyDesign Card - Replacement Fee | Not Allowed | Not Allowed |
Additional Chequebook Fee | Rs.5/leaf | Rs.5/leaf |
Duplicate PIN(Branch mode only) | Rs.100 | Rs.100 |
Duplicate Passbook | Rs.100 | Rs.100 |
Physical Statement Fee at branch for prior quarters | Rs.100 | Rs.100 |
Stop Payment Instructions: Cheque | Rs.100 per cheque, with a maximum of Rs.200 for Series (>2) | Rs.100 per cheque, with a maximum of Rs.200 for Series (>2) |
Stop Payment Instructions: ECS | Rs.100 | Rs.100 |
DD/PO Cancellation | Rs.100 | Rs.100 |
DD/PO Duplicate | Rs.100 | Rs.100 |
DD/PO Revalidation | Rs.100 | Rs.100 |
Additional DD/PO Fee | Upto Rs.10,000 - Rs.50 Above Rs.10,000 - Rs.5 per 1000 (min Rs.75/-max Rs.10,000) | Upto Rs.10,000 - Rs.50 Above Rs.10,000 - Rs.5 per 1000 (min Rs.75/-max Rs.10,000) |
Value Added SMS Alerts | Rs.5 per month | Rs.5 per month |
Address Confirmation | Rs.100 | Rs.100 |
Photo Attestation | Rs.100 | Rs.100 |
Signature Verification | Rs.100 | Rs.100 |
Balance Certificate | Rs.100 | Rs.100 |
Locker fees | Varies by Size and branch category (Metro/urban/semiurban/rural) | Varies by Size and branch category (Metro/urban/semiurban/rural) |
NetSecure with 1 Touch - Replacement fee | Rs.800 | Rs.800 |
OTHER FEES AND CHARGES | Other Free Services & Discounts | Demat Account AMC (1st Yr) | Demat Account AMC (1st Yr) |
Demat A/C annual charges where applicable | If Demat account is linked with your savings account- Rs.750, If Demat account is not linked with your savings account- Rs.2500 | If Demat Account Is Linked With Your Savings Account- Rs.750, If Demat Account Is Not Linked With Your Savings Account- Rs.2500 |
FOREIGN CURRENCY FEES | Foreign Currency Outward Remit by Wire/TT/Swift | Not Allowed | Rs.1,000 |
Foreign Currency Outward Remit by DD | Not Allowed | Rs.250 or 0.3% whichever is higher |
Foreign Currency Inward Remit Fee per remittance (wire) | Not Allowed | Rs.250 |
Foreign Currency Inward Remit: FIRC Charges | Not Allowed | Rs.100 |
Foreign Currency deposit at Branches | Not Allowed | Rs.100 |
Traveller Cheques & Currency Notes | Not Allowed | Rs.100 |
Foreign Currency Cheque: Base Charges | Not Allowed | 0.25% of INR Value + Service Tax (Min. Rs.111) |
Foreign Currency Cheque: IRM Commission | Not Allowed | Rs.250 |
Foreign Currency Cheque: Courier Charges | Not Allowed | Rs.50 |
Foreign Currency Cheque: Additional Charge -FCS only | Not Allowed | Correspondent bank Charges |
Foreign Currency Cheque: Additional Charge - Direct Collection only | Not Allowed | Drawee Bank Charges - On Receipt |
Foreign Currency Cheque: Additional Charge - Reimbursement Collection only | Not Allowed | Drawee Bank Charges - On Receipt = Correspondent Bank Charge - $13 |