 "Axis Bank")
Private lender Axis Bank is set to extend the ATM transaction failure charge to its own ATMs from 1 April 2020. The proposed fee for failures due to insufficient funds is Rs 25 per transaction.
The announcement is among four charges proposed by the bank in a notice titled ‘Introduction of Fee on Negative behaviour' and uploaded on its website.
Axis Bank customers received a text message from the bank informing them of the proposed changes. The text read: "Attention! Fees and charges applicable on your Savings/Salary Account have been changed; to know more about the new fee structure, click here
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