Axis Bank Debit Card Charges: Fees, Limits & Details

Key Takeaways
 

• Axis Bank offers different debit card variants, and Axis Bank debit card charges vary for each card type. Burgundy Private Debit Card holders pay zero annual and replacement fees.
   
• Domestic and international ATM withdrawals have fixed charges, including Axis Bank debit card charges 236 for certain transactions and ₹125 for international withdrawals.
   
• POS declined transactions may lead to a ₹25 fee for Burgundy accounts, and some card variants may also face Axis Bank debit card charges 354 depending on usage.
   

Have you ever wondered why banks charge fees sometimes? Axis Bank debit card charges help maintain banking networks, ATMs, security systems, and transaction infrastructure. These fees vary based on your card type and usage. Different variants come with different cost structures for customers. You need to understand these charges before selecting a card.

Axis Bank debit card charges are fees for services. The bank levies these costs on various debit card transactions. Think of them like maintenance fees for using a facility. 

Just as gym memberships require monthly payments for equipment access, debit cards need charges for banking infrastructure and services. These fees cover ATM withdrawals, replacements, and annual maintenance costs.

I hold an Axis Bank Priority Debit Card currently. The bank charges me ₹750 plus GST annually for this. I withdrew cash from another bank’s ATM last month. The bank deducted ₹23 as a transaction fee immediately. 

I also requested a card replacement after damage recently. The bank charged me ₹200 plus GST for it. These charges are clearly mentioned in my account statement.

Axis Bank Debit Card Annual Charges

If you’re confused about which Axis debit card costs what, don’t skip this. These charges and waivers help you pick the variant that fits your account type and saves you the most money.

The Axis Bank offers various debit card variants for different needs. Each card has specific Axis Bank debit card charges attached to it. You should know these costs before you apply.

Check this PDF to know more about the charges of other variants.

These charges also vary based on SOC (Schedule of Charges) and account type. Many customers notice that Axis Bank uses internal charge codes in statements, such as Axis Bank debit card charges 354 or Axis Bank debit card charges 590. These codes do not represent separate products but are internal labels used to identify the type of debit card fees applied for a particular account category.

Republic salary customers receive complete fee waivers for primary accounts. Defence personnel with salary accounts get full issuance waivers too. All other Axis Bank debit card charges apply per SOC. The joining fee is charged one time during account opening only. 

Axis Bank Debit Card Withdrawal Charges

“Every transaction beyond limits comes with a price tag.” The bank offers free ATM transactions monthly up to a limit. Beyond these limits, Axis Bank debit card charges apply for withdrawals. Customers need to know these fees to manage costs better.

The bank levies a cross-currency mark-up of 3.5% plus GST too. This applies to all international cash withdrawal and purchase transactions. The Dynamic Currency Conversion fee is 1% of the transaction amount. Applicable Goods and Services Tax gets charged on this. Burgundy Private Debit Card holders enjoy an exception from this fee. GST applies to all the above Axis Bank debit card charges.

Some variants may reflect Axis Bank debit card charges 236 or Axis Bank debit card charges 354, depending on the SOC.

Axis Bank Debit Card per Transaction Charges

“Every penny counts when you manage your money wisely!” Debit card charges can add up quickly if overlooked. Axis Bank offers the Value + Debit card option. This card provides essential banking features at affordable costs. You need to know the fee structure clearly. Let’s examine the transaction charges for Value Plus cards.

Plan your ATM visits wisely to minimise these fees.

Axis Bank Debit Card Declined Charges

Axis Bank charges fees when your transactions fail unexpectedly. Burgundy account holders face specific charges for declined transactions. You must maintain sufficient funds to avoid these penalties. Let’s examine the decline fee structure for Burgundy accounts.

Declined Transaction Charges for Burgundy Accounts

• You pay ₹25 per instance for declined transactions.
• This charge applies at POS terminals across locations.
• Insufficient funds in your savings account trigger this fee.

Maintain an adequate balance in your account to avoid fees.

Conclusion 

Axis Bank debit card charges vary across different card variants. You must choose the card that suits your needs. Burgundy cards offer maximum fee waivers for premium customers. Plan your transactions wisely to avoid unnecessary charges. Always maintain sufficient balance to prevent declining transaction fees.

Bonus Tip: Do you know? RBI issued an alert saying unsafe swipe machines are causing major losses. Check the POS device before using your Axis Bank debit card and skip it if it looks suspicious.

FAQs

Q: What are the Axis Bank debit card charges for international withdrawals?

You pay ₹125 per transaction for international cash withdrawals. A cross-currency mark-up of 3.5% plus GST also applies.

Q: Will I be charged to replace my Axis Bank debit card?

Burgundy customers pay nothing for card replacement due to expiry. Other customers pay replacement charges as per their card variant. Priority and Prestige cardholders pay ₹200 plus GST for replacements.

Q2: Are there any extra charges if I activate the Axis Bank debit card for international use?

No activation or deactivation charges apply for international card usage. You activate the card through the mobile app or customer care. However, international transactions attract a 3.5% cross-currency markup fee. A 1% Dynamic Currency Conversion fee also applies to purchases.

Q: Why does Axis Bank sometimes charge debit interest even after full and timely bill payment, and does it affect the credit score temporarily?

Axis Bank may charge debit interest due to a system or payment settlement delay. Once the bank reverses the charge, the credit score impact is usually temporary and gets corrected automatically.

Q: Are businesses allowed to charge a fee for debit card payments, and do they need to inform customers in advance? 

Yes, businesses may charge a debit card fee if permitted by local laws and payment network rules. However, they must clearly inform customers about the fee before processing the payment.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.