Axis bank is the 4th largest private bank in India by market capitalization. The axis bank is well known for its financial services primarily directed at large and mid-size corporates, along with SMEs and retail businesses. The bank offers Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, and wealth management.
| Type | Private Sector |
| Industry | Banking & Financial Sector |
| Founded | December 1993 |
| Key Person (Chairperson) | Amitabh Chaudhry |
| Headquarters | Mumbai – India |
| Area served | Worldwide |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management |
| Asset | 20,84,34,97,00,000.00 Indian Rupee (US $27.85 billion) |
| Number of Branches | 4,050 |
| Number of ATMs | 11,800 |
| Number of Employees | 72,000 |
| Official Website | https://www.axisbank.com |
Table of Contents
Axis Bank minimum balance requirements:-
Average Balance Required across all locations Metro – Rs. 10,000, Urban – Rs. 10,000, Semi Urban – Rs. 5,000, Rural – Rs. 2,500.
Average Balance Required (Metro)Average Monthly Balance (AMB) of Rs. 10,000.
Account Service Fee (Metro):-
Monthly Service Fee (MSF) of Rs. 5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs. 500, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
Average Balance Required (Urban)Average Monthly Balance (AMB) of Rs. 10,000.
Account Service Fee (Urban):-
Monthly Service Fee (MSF) of Rs.5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs. 500, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
Average Balance Required (Semi Urban)Average Monthly Balance (AMB) of Rs. 5,000.
Account Service Fee (Semi Urban):-
Monthly Service Fee (MSF) of Rs.5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs.300, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
4. Average Balance Required (Rural)Average Monthly Balance (AMB) of Rs. 2,500.
Account Service Fee (Rural):-
Monthly Service Fee (AMB) of Rs.5 for every Rs.100 shortfall plus Rs. 75 in required balance or Rs.250, whichever is lower, with a minimum charge of Rs. 75. Waived off if AMB is maintained.
