Children below 18 years can open Future Stars Savings Account in Axis Bank, which offers interest rate of 4% on account balance, paid quarterly. Minimum balance of Rs. 2500 shall be maintained in accounts in metros.
First five transactions at all ATMs are free, thereafter charge of Rs. 20 for each financial & Rs. 8.50 for each non financial transaction shall be levied. Daily withdrawal shall be limited to Rs. 1500. Petrol pump purchases shall attract a surcharge of 2.5%, subject to minimum of Rs. 10.
International cash withdrawal fee shall be Rs. 125 & balance enquiry fee Rs. 25.
Personal accidental policy of Rs. 200000 can be availed by swiping card at least once every six months. Combined lost card & purchase protection liability of up to Rs 50,000 is provided.
Reward points earned on transactions can be redeemed across various categories.
Transaction charge of Rs. 5 per thousand or Rs. 150, whichever is higher shall be levied on each cash transaction after five free cash transactions (beyond Rs. 10 lakhs).
For IMPS a fee of Rs. 5 for each transaction up to Rs. 100000, Rs. 15 for each transaction of Rs. 100000 to Rs. 200000.
For NEFT a fee of Rs. 2.50 for each transaction up to Rs. 10000, Rs. 5 for each transaction of Rs. 10000 to Rs. 100000, Rs. 15 for each transaction of Rs. 100000 to Rs. 200000 & Rs. 25 for each transaction above Rs. 200000.
A fee of Rs. 100 each shall be charged for issuing of photo attestation, foreign currency deposit , address confirmation, balance certificate, signature verification, duplicate passbook fee at branches, cancellation or revalidating or issuing of duplicate DD/PO.
Closing account fee is Rs. 500.
401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614