3 years, 10 months ago

ATM Withdrawal to Minimum Balance, All You Need to Know About Bank Service Charges

Having a bank account has become a necessity in today’s world. The Axis Bank levy charges if a customer breached the limit of four free transactions or cash withdrawals of up to Rs 2 lakh in a month, whichever is earlier.Since May 1, Axis Bank users now have to pay 2.5 per cent of the amount withdrawn from the savings account for cash withdrawals above the free limit. Bank of Baroda allows three transactions per month for free, however beyond that,saving bank customers in metro urban regions will be charged Rs 125/- per transaction, while senior citizens, pensioners and saving bank account customers based in rural/semir-urban regions will be charged Rs 100/- per transaction. The State Bank of India and ICICI Bank allow its regular savings bank account holders eight free transactions in metro cities,including five transactions from their own ATMs and three transactions from any other bank’s ATM. SMS charges: The banks send message to their customers about transactions happening from their accounts, which are usually charged.Axis Bank charges 25 paise for every SMS alert with maximum of Rs 25 per month.

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