Channel One Current Account - Schedule of Charges w.e.f 15.09.09
MAB
Monthly Average Balance
Metro / Urban centres
Rs. 10 lacs
Semi - Urban / Rural centres
Rs. 5 lacs
CASH TRANSACTIONS** DEPOSITS Home Branch
Free Limit Rs. 1 cr. per month
Charges above free limit
Above Rs. 1 cr. & upto Rs. 2.5 cr. per month - Rs. 2.00 / 1000;
Above Rs. 2.5 cr. & upto Rs. 10 cr. per month - Rs. 5.00 / 1000;
Greater than Rs. 10 cr. per month - Rs. 8.00 / 1000
Interbranch (Intercity & Intracity)
Free limit
Nil
Charges
Upto Rs. 2.5 cr. per month - Rs. 3.50 / 1000;
Above Rs. 2.5 cr. & upto Rs. 10 cr. per month - Rs. 6.00 / 1000;
Greater than Rs. 10 cr. per month - Rs. 9.00 / 1000
Maximum Daily Limits for Interbranch Deposits (Intercity & Intracity)
Rs. 2 Lacs
Out of the above Maximum Limits for Third Party Deposits (Intracity &
Intercity)
Rs. 50,000
WITHDRAWALS Home Branch
Limit
No limit
Transaction Charges
Nil
Interbranch (Intercity & Intracity)
Maximum Daily Limits for Interbranch Withdrawals (Intercity &
Intracity)
Rs. 5 lacs
Ad Valorem Charges
Nil
Transaction Charges
Nil
Of the above Maximum Daily Limit for Third Party Interbranch
Withdrawals
Rs. 50,000
DEMAND DRAFTS & PAY ORDERS Pay orders
Ad Valorem Charges
Free
Transaction Charges
15 POs / day Free, Above that Rs. 50 / PO
Demand Drafts (Payable at Axis Bank Locations)
Ad Valorem Charges
Free
Transaction Charges
15 DDs / day Free, Above that Rs. 50 / DD
Demand Drafts (Payable at Correspondent Bank Locations under Desk
Drawing arrangement)
Re. 1.00 / 1000; Minimum Rs. 25 / DD
Demand Drafts purchased from other banks
At Cost
CHEQUE TRANSACTIONS Cheques Deposited at any branch in the same city for local clearing
Free
Cheques paid at Non-Home Branch location, and Cheques Deposited at
any Axis Bank branch/ATM outside Home city Location for Local
clearing #
Free
Cheques Deposited at any Axis Bank branch for outstation