What Are Consolidated Charges In Axis Bank?
The bank has levied a fee for each account based on its category. When these fees are bundled, they are referred to as Consolidated Charge.
Charges for failing to keep a minimum balance in an account, debit card fees, message alerts, ATM withdrawals exceeding the permitted limit, check bounces, and auto-debit failure are included in the aggregated fee.
This bank bases its fees on the type of account a customer maintains. For instance, the consolidated charges are the charges deducted at the end of the month, comprising GST (Goods and Services Tax).
The bank levies various applicable fees based on the type of Savings Account you maintain with the bank or any additional service/product you have chosen from the bank.
These fees are combined and billed to your Savings Account monthly under the heading “Consolidated Charges.”
Checking the details of Consolidated Charges:
- The first step is to visit the official website of Axis Bank. You can access it directly using the Axis bank website.
- After that, you must navigate to the login page.
- You must now log in using your username and password for online banking.
- You can now navigate to the accounts section of the dashboard.
- Now, you must select a bank account.
- Select the option "See Detailed Statement" afterward.
- After that, you must select "see account charges."
- On the next screen, select the option labeled "levied account charges."
- The details of the combined charges will appear on your screen now.
What are consolidated charges on an Axis Bank account, and how may they be avoided?
If you have an account with Axis Bank, you must use these things with care. After every month, the bank deducts the accumulated fee. As a result, it is essential to prepare ahead and keep track of the month's events.
Every bank will impose exorbitant fees when a consumer's check bounces, an EMI is delayed, or a credit card payment is not made on time. If you do not make such mistakes, you don't have to worry!
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