Axis Bank Revises Savings Account Charges From December 1: Cash Limits, Cheque Fees, Reward Points And More

Axis Bank updates savings account charges. (File Photo)

Axis Bank customers holding select domestic and Non-Resident Indian (NRI) savings accounts will have to adjust to a revised fee structure from December 1, 2026. The changes cover several banking services, including free cash transactions, minimum balance penalties, cheque return charges and reward points. The private sector lender is also modifying the Total Relationship Value (TRV) criteria for customers belonging to certain premium savings account categories. These revisions could increase banking expenses for some account holders, particularly those who frequently use cash services or fail to maintain the prescribed balance.

The updated rules will apply to specified savings account variants across domestic and NRI categories. Here is a breakdown of the major changes and how the new charges compare with the existing structure.

Axis Bank Reduces Free Cash Transaction Limit

Customers holding domestic and NRI EASY ACCESS and equivalent savings accounts, along with KRISHI and SAHAJ accounts, will see a reduction in their monthly free cash transaction allowance.

Under the current arrangement, account holders can complete up to four cash transactions without paying additional charges. Alternatively, they can transact up to Rs 1 lakh for free, with whichever limit is reached first…

Original source: https://www.timesnownews.com/business-economy