What is consolidated fee in Axis Bank?
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What is consolidated fee in Axis Bank?
Consolidated charges in Axis bank are the charges which bank imposes for its services and products. Practically Consolidated charges can not be stopped. But by proper use of your bank account and the services you can escape from the additional burden to be bear in the form of consolidated charges in Axis Bank.
What is the maintenance charges of Axis Bank?
Monthly Service Fee (AMB) of Rs. 5 for every Rs. 100 shortfall plus Rs. 75 in required balance or Rs.
Why is a withdrawal a debit?
When a bank debit occurs and funds are withdrawn, the bank’s liabilities are reduced, and the bank’s liabilities are debited. When a check is paid, the bank’s obligation to the customer becomes smaller, since fewer funds are supplied to the bank.
How can I complaint against Axis bank consolidated charges?
Reach us if you have a concern !
- Customer Support:
- www.axisbank.com/support.
- Call Centre numbers:
- 1-860-419-5555*/ 1-860-500-5555*
- *Charges applicable as per the service provider.
What happens if minimum balance is not maintained in Axis bank?
2) If customers are unable to maintain the monthly balance limit, the bank will levy a penalty of Rs 10 per Rs 100 of the shortfall. The non-maintenance of monthly minimum balance charges will be in the range of Rs 50 to Rs 800, the lender said.
How much is the Consolidated DP charge in Axis Bank?
Axis bank / axis direct usually charges about Rs. 1770 every year as Consolidated DP charges. This is most probably what you are seeing in your account as a deduction from your savings account (Non PIS account for non residents).
What are consolidated charges in a bank account?
Various applicable charges are levied by the Bank depending on the type of Savings Account you hold with the Bank or on account of any additional service /product you have opted from the Bank. These charges are consolidated and levied at the end of the month to your Savings Account under the header ‘Consolidated Charges’.
What do you mean by Consolidated DP charges?
Consolidated D.P charges means the annual charges debited from the saving account of a person holding a demat account linked to the savings account. The charges is directly linked to the type of demat/trading account linked to the account.
What is the DP deduction in Axis Direct?
It is deducted for anyone who has a demat account with Axis direct. DP stands for depository participant (in this case it is Axis direct). They are the firm who hold your securities / assist in holding your securities in a demat form at NSDL. In return for this, they levy an annual charge.