Axis Bank Revises Savings Account Charges from 1 December 2026, Check New Charges!

Axis Bank has announced the following changes to its savings account service charges, which will come into effect from December 1, 2026.

1. Reduction in Free Cash Transactions

• Free cash transactions will be reduced from 4 to 3 per month.
• The overall cash transaction limit of Rs 1 lakh will remain unchanged.
• Applicable to Domestic and NRI Easy Access and equivalent accounts, Krishi and Sahaj savings accounts.
• Customers exceeding the revised free transaction limit may have to pay additional charges.

2. Increase in Minimum Balance Penalty (AMB)

The maximum monthly penalty for not maintaining the required Average Monthly Balance (AMB) will increase for certain savings account categories.

• Penalty calculation will continue at 6% of the shortfall in the required AMB.
• Domestic Easy Access and equivalent accounts:
  • Semi-Urban Branches: Rs 300 to Rs 600.
  • Rural Branches: Rs 150 to Rs 600.
• NRI Easy Access and equivalent accounts:
  • Semi-Urban Branches: Rs 300 to Rs 600.
  • Rural Branches: Rs 300 to Rs 600.
• Metro and Urban Branches: Maximum penalty will remain unchanged at Rs 600.
• Minimum balance charges will not apply to salaried customers.

3. Discontinuation of EDGE REWARD Points

Axis Bank will discontinue EDGE REWARD points for customers holding the following savings accounts:

• Burgundy
• Priority
• Prestige
• Prime NRI
• Easy NRI

4. Increase in Total Relationship Value (TRV) Requirement

• The TRV maintenance requirement will increase from 75% to 100% of the prescribed level.
• Applicable to select Domestic and NRI savings account categories.
• The affected account categories include:
  • Prime
  • Prestige
  • Priority
  • Sampann
  • Advantage
  • Arise Women’s
  • Burgundy
• Customers may need to maintain higher deposits or investments with the bank to meet the revised requirements.

5. Increase in Outward Cheque Return Charges

• First outward cheque return charge: Rs 50 to Rs 200.
• Subsequent outward cheque return charge: Rs 100 to Rs 200.
• A flat charge of Rs 200 will apply to every outward cheque return.

6. Increase in Deliverable Return Charges for NRI Accounts

• Applicable to NRI Burgundy, Priority, Prestige and Prime savings account holders.
• Deliverable return charges will increase from Rs 50 to Rs 500 per return.
• This represents a tenfold increase in the applicable charges.

Effective Date of Revised Charges

All the above changes in Axis Bank savings account service charges will come into effect from December 1, 2026. Customers should check the revised schedule of charges applicable to their account category to understand the impact of these changes.

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