AXIS BANK - BUSINESS BANKING

SCHEDULE OF CHARGES FOR NORMAL , BUSINESS ADVANTAGE , BUSINESS SELECT, BUSINESS CLASSIC, BUSINESS PRIVILEGE, CHANNEL ONE & CLUB50 CURRENT ACCOUNT

MONTHLY FREE LIMITS

Monthly Average
Cash Transaction Limits Non Cash Services4 Account
(Ad Valorem limit) (Ad Valorem limit) Maintenance
Balance(MAB)/Aver
Local Cheque Collection Anywhere Banking Chequebook
Product age Quarterly Home Non Home Branch
Home Branch Deposit Non Home Branch Deposit2 and Payments at Home (Cheque Collection + (free leaves) Total Free
Balance (AQB)1 Branch Withdrawal3 DD/PO
(in Rs)
(in Rs) (in Rs) Branch Location + Fund Payments at Axis Transactions 5
Withdrawal (in Rs)
Transfer Bank Locations)
Normal Current Account(MAB) 10,000 200,000 - - 12,00,000 - 25
Business Advantage (MAB) 25,000 300,000 - 300,000 - 50 50
Business Select (MAB) 50,000 @ 12 times MAB ( Min 600,000, Max : 3,000,000) 600,000 100 100
Business Classic (MAB) 100,000 1,200,000 250,000 Unlimited 12,00,000 Unlimited 200 200
Unlimited
Business Privilege (MAB) 500,000 6,000,000 12,50,000 25,00,000 500 500
Free
Channel One (MAB) 1,000,000 12,000,000 60,00,000 1,000 1,000
Club 50 (AQB) 5,000,000 20,000,000 Unlimited Free 2,000

CHARGES BEYOND FREE LIMITS

Non Maintenance Account
Cash Transactions Non Cash Services4
of MAB/AQB Maintenance
Scheme Penal Anywhere Banking Chequebook
Home Non Home Branch Local Cheque Collection DD/PO Transaction
Charges (Cheque Collection +
Tariff6 Home Branch Deposit Non Home Branch Deposit7 Branch and Payments + Fund (Min Rs. 50, Max Charges
(Rs) Withdrawal8 Payments at Axis
Withdrawal Transfer Rs. 5,000) ( Rs / txn)
Bank Locations)
Normal Current Account 750 Rs. 1/1000 Rs. 1/1000
Business Advantage 1000 Rs. 1/1000
Business Select 1500 Rs 2/1000 Rs. 1/1000
Business Classic Rs. 3/1000 2000 Rs 2 / leaf
Rs. 3/1000 Free Free 10
Free
Business Privilege 3500
Free
Channel One 7000
Club 50 None 25000 Free Free

Inward : Free
Outward :
NEFT Upto Rs. 1 lac - Rs. 5 per transaction;
Above Rs. 1 lac to Rs. 2 Lacs - Rs. 15 per transaction
Above Rs. 2 lacs - Rs. 25 per transaction
(Free for Business Classic, Business Privilege ,Channel One & Club 50 customers maintaining stipulated Average Balance)

Inward : Free
Outward :
RTGS
Rs.1 lakh to Rs.5 lakhs - Rs.25/- per transaction
Rs.5 Lakhs and above - Rs.50/- per transaction
(Free for Business Classic, Business Privilege ,Channel One & Club 50 customers maintaining stipulated Average Balance)
 COMMON CHARGES

Other Common Charges

Speed Clearing Upto Rs. 1 lac - Rs. 50 per instrument;
(Free for CACH1 and CAC50) Above Rs. 1 lac - Rs. 150 per instrument
Cheque Return - Issued by Customer Rs. 500 / cheque
Cheque Return - Deposited by Customer Rs. 100 / cheque
Cheque Return - Deposited by Customer for Outstation Collection 50% of OSC commission; Minimum Rs. 50 / cheque + Other bank charges if any
Daily Alerts on Day End Balance : Rs 10/month
Mobile Alerts
Transaction Alerts/ Cheque Return Alerts : Rs 25/month
(Free for Business Classic , Business Privelege, Channel One and Club50 customers maintaining requisite MAB)
Both : Rs 35/ month

Upto Rs. 50,000 - Rs. 50 per instrument,

Cheques Deposited at any Axis Bank branch for outstation collection Above Rs. 50,000 and upto Rs. 1,00,000 :Rs. 100 per instrument,
Above Rs. 1 lac - Rs. 150 per instrument (Charges inclusive of postage)
Demand Drafts ( payable at Correspondent Bank locations under Desk Drawing arrangement) Re 1.00/1000 ; Min Rs 25 per DD
Demand Drafts purchased from other banks Actual + Rs 0.50/1000; Min Rs 50 per DD
DD drawn on Axis Bank branches- Cancellation , Reissuance or Revalidation Rs 50/- per instance
DD drawn on Correspondent Bank branches- Cancellation , Reissuance or Revalidation Rs 100/- per instance+ other bank's charges at actuals if any
Signature Verification Certificate Rs 100 per verification
Current Year : Free
Certificate of Balance
Previous year: Rs 200
Retrieval of old records or query More than 1 year old : Rs 100 per record/ query
Less than 1 year old : Rs 250
Account Closure Charges
Older than 1 year : Rs 100
Standing Instructions Free
Per Instrument : Rs 100
Stop Payment Charges
Per Series: Rs 250
Scheme Code Conversion Charges (Only on conversion to lower scheme code) Rs 150 per instance
Issuance : Rs 500 per Card
Business Platinum Debit Card
Annual Charge : Rs 500 per Card
Account Statement - By post and e-mail Free
Account Statement - Duplicate statement from Branch Rs 50 per statement
ECS Return (Charges/penalties levied by destination branches for ECS(debit) returns due to non-availability of funds in customer ) Rs.200/- per record

1
50% relaxation in MAB/AQB maintenance for Semi Urban and Rural Branches
2
Maximum Non Home Branch Cash deposit shall be Rs 1,00,000 per day. Maximum third party deposit up to Rs 50,000 per day. Beyond this the cash may be accepted at the discretion of branch head where the cash is being deposited.
3
Maximum Non Home Branch Cash withdrawal shall be Rs 1,00,000 per day. Maximum third party withdrawal up to Rs 50,000 per day. Beyond this the cash may be withdrawn at the discretion of branch head where the cash is being withdrawn.
4
Non Cash Services includes Local Clearing, Fund Transfer, Anywhere Banking (Cheque collection and clearing at Axis Bank locations) and Demand Drafts/Pay Order issuance
5
Total Free transactions include all Cash, Clearing and Transfer transactions. (Exclusions - Outstation Cheque Collection , NEFT/RTGS , ATM and i-Connect transactions are outside the purview of these charges)
6
Penal tariff charges are being levied on current accounts which default on average balance maintenance criteria. Penal tariff charge is calculated on the cash deposited by the customer within free limits offered.
7
Upfront charges of Rs 100/txn shall be charged on Non Home Branch Cash deposit for Normal and Business Advantage
8
Maximum Rs 50,000 per transaction for third party Non Home Branch Cash Withdrawal

All the terms are subject to change without any prior notice.
All the service charges will attract service tax and education cess as applicable.
Charges are applicable as per the transactions done during charge cycle period. Charge cycle period shall be 15th of preceding month to 14th of the current month. (e.g. 15th Dec 2012 to 14th Jan 2013)
Cheque Transactions are subject to 48 hours notice and Bank's confirmations for transaction exceeding Rs. 1 cr. 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.
The monthly charges applicable in a current account will be based on the scheme code of that account in the previous month.
Bank reserves the right to force debit or make repeated attempts of recover the charges due.
Monthly Average Balance (MAB) or Average Quarterly Balance (AQB) is the average of day end balance maintained by the customer for the duration

Business Banking
15th Dec 2012