Axis Bank’s service has become expensive already, if the minimum balance is not maintained, then this fee will have to be paid

Monthly minimum balance in Axis Bank account has been increased from Rs 15,000 to Rs 25000 in towns and rural areas. Charges will be taken for not maintaining such balance in the account. The charge for failing auto debit under NACH has also been increased. This charge will be applicable from July 1.

You Axis Bank (Axis BankIf you are a customer of ) then please pay attention. This bank of yours has increased its charge. Another scissor has hit your pocket due to high inflation. Axis Bank Minimum balance in the account of (Minimum Balance) If not kept, you will have to pay more than before. In this regard, Axis Bank is sending a message to its customers. In the message, it has been said that new charges will be imposed from June 1. Savings (Savings Account) and the banking and non-banking service charges have been increased on the salary account. If the minimum balance is not kept in the account in the month, then its charge will be deducted.

According to the new rule, the monthly minimum balance in Axis Bank account has been increased from Rs 15,000 to Rs 25000 in towns and rural areas. Charges will be taken for not maintaining such balance in the account. The charge for failing auto debit under NACH has also been increased. This charge will be applicable from July 1. In metro cities, instead of Rs 500 for not maintaining the minimum balance, Rs 600 will be charged. This rate has been reduced to Rs 300 in towns and Rs 250 in villages.

NACH fee has been revised from Rs.500 to Rs.500, auto debit failure charge has been increased from Rs.200 to Rs.250. A new rule of check book has been told. If you take an extra page in the check, then instead of the first Rs 2.50, you will have to pay 4 rupees. For the first time NACH return will be Rs 375, second time Rs 425 and third time Rs 500 will be charged. The new rule of check book, NACH and auto debit will be applicable from July 1. The charge for physical details of passbook and duplicate passbook has been increased from Rs 75 to Rs 100.

What is NACH whose charge has been increased

The full form of NACH is National Automated Clearing House which is a platform for issuance of funds. It has been made by National Payment Corporation of India. NACH is an online electronic fund transfer between two banks without double verification. In this, both low and high value fund transfers are automatic.

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Suppose you have taken a health insurance today and linked it with Axis Bank’s NACH service, then the premium of the insurance will be automatically deducted on the due date. You don’t have to do anything for this. It is also called auto debit service. Axis Bank has already increased the charge for auto debit failure. NACH has both debit and credit. NACH transaction is also done with the help of Aadhar and mobile.