AXIS BANK ACCOUNT CLOSING CHARGES (2024)

Are you looking to know about Axis Bank Account closing charges? If yes then you came to right article/blog.

In this article you get to know about Axis Bank Savings Bank and Current Account closing charges. This article is written after referring Axis Bank official website and reading more than 5 articles related to Axis Bank Account Closing charges. These account closing charges is based on age (based on the account opened date) of the Saving Bank Account and Current Account.

INTROUDUCTION TO AXIS BANK

Axis Bank is one of the Indian private sector bank. It is third largest private sector bank in India.  Its having head quarter in Mumbai. Its having 4903 Branches in India with 15953 ATMs as on 31.03.2023. Axis Bank started its operations in 1994. Axis Bank Balance sheet size is ₹ 13,17,326 crores as on 31.03.2023.

REASONS TO CLOSE AXIS BANK ACCOUNT

1. Bank Charges debited by Bank:

Now a days customers commonly holding  more than two to three accounts. Its very challenging to maintain these accounts because banks debiting several charges such as Debit card charges, account maintenance charges etc. These superfluous charges in the bank account may lead to close the account with the bank.

• Transfer from one place to another place:

Bank customer relocated from one place to another place result in customer opting to close their account with the bank.

• Interest Rates:

Present times new banks offering very attractive interest rates in comparison with old banks. It may results into customer close their accounts with the bank.

• Dissatisfaction in Bank Services:

If customers are not happy with the services provided by the bank it may lead to close their account with the bank.

AXIS BANK SAVING BANK ACCOUNT CLOSING CHARGES

1. If customer closes his Axis Bank Saving Bank account within 14 days from the date of account opening Axis bank not charge any amount.
2. If customer closes Axis Bank Savings Bank account beyond 14 days bank will charge Rs 500+GST for closure of the account.
3. In case of the death of account holder. Axis Bank not charges any amount for closure of the Axis Bank Saving  account.

AXIS BANK CURRENT ACCOUNT CLOSING CHARGES

1. If customer closes his Axis Bank Current account within 14 days from the date of account opening Axis bank not charge any amount.
2. If customer closes Axis Bank Current account beyond 14 days Axis bank will charge Rs 500+GST for closure of the account.
3. In case of the death of account holder Axis Bank not charges any amount for closure of the current account.

EXEMPTION FOR AXIS BANK ACCOUNT CLOSING CHARGES

For the following types of Axis Bank account bank not charge any closure fees

1. Due to Death of the Account Holder.
2. Transfer of Account from one branch to another branch.
3. For BSBD Accounts.

CONCLUSION AXIS BANK ACCOUNT CLOSING CHARGES

Dear reader in this article you get to know about Axis Bank, Reasons for account closing, Axis Bank account closing charges for Saving Bank and Current account. Axis Bank account closing charges Rs 500+GST. If you have any query regarding this article kindly comment below.  

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