Axis Bank Rules Changed: There is important news for the customers having an account in Axis Bank. If you also have an account in this private bank, then the bank has changed many rules.
Axis Bank Rules Changed: There is important news for the customers having an account in Axis Bank. If you also have an account in this private bank, then the bank has changed many rules. The effect of these changes of the bank will be on the customers maintaining savings and salary accounts. Apart from this, the bank has also cut the number of free transactions. Let us tell you which rules have been changed by the bank-
The minimum limit of the bank account has changed,
let us tell you that these rules of the bank have come into effect from April 1, 2022. The bank has increased the limit of average monthly balance for savings account from Rs 10,000 to Rs 12,000. According to the website of AXIC Bank, the bank has increased the minimum limit of Easy Savings and Equivalent Schemes in metro / urban cities. Explain that this change will be applicable to only those schemes in which the average balance of Rs 10,000 is required.
Apart from this, the bank has also changed the rules for free cash transactions . At present, the current free transaction is Rs 4 or Rs 2 lakh, which has been changed to 4 free transactions or Rs 1.5 lakh. Apart from this, the bank has told the customers that no change has been made in the non-home and third party cash limit.
Let us tell you that if you have an account in any bank, then it is necessary to maintain your minimum balance in it . If you keep the amount in the account less than the minimum balance limit, then you may have to pay a penalty.
Before this, the bank has done many changes in January as well.
Before this, Axis Bank and many other banks have increased the charges on the transactions of the free transaction limit from January 1, 2022. Apart from this, in June, the RBI allowed banks to increase the charges for cash and non-cash ATM transactions in excess of the free monthly limit from January 1, 2022.
