Bad News - Axis Bank ASAP A/c now need Minimum Rs.10,000 Average Balance, Debit Card charges Rs500+GST

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Finance Ninja
abhishek012

Bad News – Axis Bank ASAP A/c now need Minimum Rs.10,000 Average Balance, Debit Card charges Rs500+GST -

Axis Bank ASAP A/c now need Minimum Rs.10,000 Average Balance,
and First time ASAP A/c open user need to fund Rs.15,000.
ASAP Account Closure Charges Rs. 500
Charges are levied if account is closed between 14 days and 1 years.

ASAP Account Service Fee (Metro/Urban) - Rs10 per 100 of the shortfall from AMB Requirement or Rs600 whichever is lower, with a min charge of Rs.150

I also heard Axis Bank ASAP A/c now stopped giving Virtual Visa Debit card,
Physical Visa Debit Card issue charges Rs500+GST
Annual Visa Debit Card charges Rs500+GST.

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.

UPI Fees - First you need to complete Full KYC to activate UPI service.
Upto 20 P2P UPI Transactions/Month Free.

21st P2P UPI Transaction Onwards/Month -

Transaction value <=1000 Rs2.5+GST/Transaction.
Transaction value =>1000 Rs5+GST/Transaction.

NOTE – Merchant UPI Transaction is Unlimited Times FREE

22 Comments  |  
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Community Angel Community Angel
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What is bad in it?
Imse bhi UPI le aye Yar hadd hai abishek

Finance Ninja Finance Ninja
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Axis Bank ASAP was Zero balance account

Earlier, IMPS transaction was also free.

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Community Angel Community Angel
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Virtual visa still available why are you giving wrong information at nigh 🍻

Finance Ninja Finance Ninja
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I heard stopped giving to new customer.

Helpful Helpful
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Only Kotak and DBS now?

Deal Cadet Deal Cadet
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??? You mean zero balance account with virtual debit card …?

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Deal Newbie Deal Newbie
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Charges Effective from?

Deal Subedar Deal Subedar
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What about existing ASAP account holder? Will we also have to maintain AMB?

Deal Subedar Deal Subedar
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+1

Deal Cadet Deal Cadet
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WTF 😡
My ASAP A/c is 1 years old. I use this A/c only for Flipkart card offers. My account balance is negetive -100 because every month they deduct SMS alert charges although I don’t have any money in my account.
Now will they close my account in Lockdown?
My branch is in Red Zone.

Deal Subedar Deal Subedar
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No need to worry, as per RBI guidelines any bank account will zero balance till June. And wait for axis response because it may be for new account.

As we are existing account holder, lets them respond. Then we will close if AMB applicable for us too.

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Helpful Helpful
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These are inline with the ICICI and Indusind instant accounts

Super Stud Super Stud
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What about P2P UPI transaction charge for Paytm savings bank account? Alreadt crossed 20 flushed

Finance Ninja Finance Ninja
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currently no charges, unlimited times FREE

Deal Newbie Deal Newbie
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You don’t need to worry if your ASAP account opened before 8th.may.2020. You don’t need to maintain minimum 10k balance.😄
But those who opened on and after 08.may.20 they need to maintain 10k bal.

Here is the link check out from here.
https://www.axisbank.com/retail/accounts/saving...

Go to General Questions>>How much balance am i required too…

Deal Cadet Deal Cadet
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Shittiest bank account. Don’t get it at all costs.

They charge you Rs. 236 for depositing cash which is a daylight robbery. (150 deposit machine use + 50 deposit + gst). And that machine doesn’t even accept all the notes so you have to redeposit notes at the cashier.
Plus they never gave me Rs. 500 worth points which they promised me on the debit card.

Each time I open account there are some random deductions.

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