Bank alert! This bank has hiked minimum balance and SMS charges
Highlights The rule will be effective from July 1. The minimum charges that the bank can charge as a fine have been decreased to Rs 50. If you are an Axis Bank customer then we have a piece of sad news for you. The bank has hiked several charges for its savings bank account customers, including non-maintenance of minimum balance and SMS charges. All the revisions will take place from May 1. Axis Bank customers will now have to maintain a monthly average balance of Rs 15000, up from Rs 10,000, according to a report by MoneyControl. Prime and Liberty branded savings account holders will now...
Source: india.com