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Cadel Soc 01 01 23 D Lite (CADEL)

The document outlines charges for wholesale banking products including a current account called CADEL. It provides details of monthly charges, cash deposit limits, debit card fees, penalty charges, and other miscellaneous fees. No minimum balance is required to maintain this current account.

Uploaded by

Mukunda Mukunda
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89 views2 pages

Cadel Soc 01 01 23 D Lite (CADEL)

The document outlines charges for wholesale banking products including a current account called CADEL. It provides details of monthly charges, cash deposit limits, debit card fees, penalty charges, and other miscellaneous fees. No minimum balance is required to maintain this current account.

Uploaded by

Mukunda Mukunda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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WHOLESALE BANKING PRODUCTS

Schedule of charges - Current Account D-LITE (CADEL) (w.e.f. December 01, 2022)

Monthly Average Balance (MAB) OR


MAB
Average Quarterly Balance (AQB)
Metro & Urban Branches (in `) NIL
Semi-Urban & Rural Branches (in `) NIL
Charges for Non-Maintenance (in `) NIL
Complimentary Benefits and Services
• DD/ PO Issuance • Chequebook Issuance • SMS alerts • Standing instructions setup • Certificate of Balance

Cash Deposit - Home &


Monthly limits & charges
Non-Home Branch (Combined)

Free Limit per month (in `)* 8 times MAB with minimum cash deposit limit of `1 lacs
and maximum cash deposit limit would be 2 crores
Charges Above free limit and up to 20 lakhs: `4/1000
Above 20 lakh: `5/1000

Monthly Service Charge Monthly limits & charges


Number of free transactions Unlimited
Charges (in `) Nil

Annual Maintenance Fees Rs.2500


NEFT (All Channels) (in `) NIL
RTGS (All Channels) (in `) NIL
IMPS fund transfer (in `) Upto 1,000 - `2.50/- per txn
1,000 to 1 lakh - `5/- per txn
1 lakh to 5 lakh - `10/- per txn
NEFT/RTGS/IMPS inwards transactions are free

Business Business Business Business Classic E-Debit


Debit Card Charges
Classic Platinumn Supreme virtual debit card^ Card^
ATM Charges - Cash Withdrawal
20 20 20** Nil Nil
(Non-Axis Bank only) (in Rs)
ATM Charges - Balance Enquiry
8.5 8.5 8.5** Nil Nil
(Non-Axis Bank only) (in Rs)
ATM Charges - Cash Withdrawal & Nil Nil
Nil Nil Nil
Balance Enquiry (Axis Bank ATMs) (in Rs)
Purchase Transaction (POS) charges (in Rs) Nil Nil Nil Nil Nil
Issuance Fees (in Rs) 250 500 1000 Nil 500
Annual Fees (in Rs) 250 500 1000 Nil 500

Replacement Fees (in Rs) 200 200 500 - -

**Free- First 5 transactions (including financial and non-financial).


^ Virtual debit cards are applicable only for individual current accounts opened through VCIP based digital onboarding journey.

Penal Charges - Returns

Cheque Return - Issued by Customer `500 per instrument


Cheque Return - Deposited by Customer 1st return for the month – `50
2nd return onwards for the month – `100
Cheque Return - Deposited by Customer for 50% of OSC commission;
Outstation Collection Minimum `50 / Cheque + Other bank charges if any
ECS (Debit) Returns `500/- per instance
Standing instruction reject fee SI reject due to Credit Card/Loans/Auto
Debit - `250 per reject
SI reject due to RD/MF/SIP - NIL
Other Charges

BNA Convenience charges (Applicable on cash deposit in NIL


Cash Deposit Machines (CDM) post office hours on working
days and entire day on bank holidays & state holidays)
Cash handling charges on cash deposited in 2% on the value of cash deposited in Low
Low Denomination Notes (LDN) Denomination Notes, Exceeding `10,000 per month
either single or multiple transaction
Demand Drafts (payable at Correspondent Bank locations `1/1,000; Min. `25 per DD
under Desk Drawing arrangement)
Demand Drafts purchased from other Banks Actual + `0.50/1,000; Min. `50 per DD
DD drawn on Axis Bank branches - `100/- per instance
Cancellation, Reissuance or Revalidation
DD drawn on Correspondent Bank branches - `100/- per instance + other bank's charges
Cancellation, Reissuance or Revalidation at actuals if any
Cheques Deposited at any Axis Bank branch for `100 per instrument
outstation collection
Stop Payment Charges Per Instrument: `50, Per Series: `100
Signature Verification Certificate `50 per verification
Scheme Code Conversion Charges Nil
(Only on conversion to lower scheme code)
Account Statement - Duplicate statement from branch `100/- per statement
Account Closure Charges Less than 14 days: Nil
Older than 14 days: `500

NOTE:
• All the terms are subject to change without any prior notice
• All the service charges will attract GST as applicable
• Charges are applicable as per the transactions done during charge cycle period. The charge cycle period shall be first of every month to the last day
of the same month for all scheme codes except Club 50 (e.g. 1 April to 30 April). For Club 50 charge cycle period shall be financial quarters defined
as Q1-1st April to 30th June, Q2-1st July to 30th September, Q3- 1st October to 31st December, Q4-1st January to 31st March
• Cheque Transactions are subject to 48 hour notice and Bank's confirmations for transaction exceeding Rs 1 Crore a day where the destination branch
is a Non-RBI centre. (RBI centres are: Mumbai, Chennai, Kolkata, New Delhi, Ahmedabad, Hyderabad, Jaipur, Kanpur, Nagpur,Trivandrum, Bhubaneswar,
Chandigarh, Bangalore, Guwahati, Bhopal & Patna)
• All cash transaction of Rs 10 Lacs and above on a single day will require prior intimation and approval of the Branch at least one working day in advance
• Maximum Non-Home Branch Cash Deposit / withdrawal per day shall be Rs 1 Lac. Maximum third party deposit / withdrawal up to 50,000 per day.
Beyond this the cash transactions may be carried out at the discretion of branch head where the cash is being deposited / withdrawn
• For BNA convenience charges post office hours on working days to be considered as 5.00 PM to 9.30 AM and holidays to include all 2nd&4th Saturdays,
Sundays and National Holidays
• Monthly charges applicable in a current account will be based on the scheme code of that account in the current month
• The customer hereby agrees and acknowledges that Bank shall have the right to recover any charges as may be payable by the customer to the Bank,
by debiting or making repeated attempts to recover the same, from any operative account held under same customer id, where funds are available.
• Monthly Average Balance (MAB) or Average Quarterly Balance (AQB) is the average of day end balance maintained by the customer for the duration
• Physical statements will not be sent for the current account where there are no transactions consecutively for 6 months

I / We have chosen to open CADEL Current Account with Axis Bank with NIL minimum Monthly Average Balance requirement
and have understood the facilities and charges applicable to the said product.

Customer Signature Signature of Branch Staff

Employee ID of Branch Staff

Charges effective from 1st Dec , 2022

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