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| Dear Customer, |
| Greetings from Axis Bank! We deeply value your trust in us and hope that we have been able to meet your banking requirements to your satisfaction. |
| Request you to please note the below mentioned changes in the Priority Savings Account benefits with effect from 1st April 2020. |
| 1. |
Cash Transaction Charges: |
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Monthly free cash transaction limits are being revised as in the table below |
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| Type |
Current |
Revised |
| Monthly Free Limit |
10 free transactions or Rs. 10 Lakhs whichever is reached earlier |
7 free transactions or Rs. 5 Lakhs whichever is reached earlier |
| Charges Beyond Free Limit |
Rs. 5 per 1000 or Rs. 150 whichever is higher |
Rs. 5 per 1000 or Rs. 150 whichever is higher (unchanged) |
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| 2. |
10% cashback offer on online spends: |
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The 10% cashback offer on online spends of the Priority Debit Card shall be discontinued w.e.f 01/04/2020. |
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Customers will need to redeem the cashback earned in the form of equivalent EDGE REWARD points in Jan’20 to Mar’20 period by 31st Mar’20, post which the same shall expire. |
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| 3. |
Accelerated EDGE REWARD Points: |
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The structure of earning EDGE REWARD points on select banking transactions will change w.e.f 1st April 2020. The revised point structure is given below - |
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| EDGE REWARD Points applicable for Savings Customers |
| Transaction Type |
Average Monthly Balance between Rs. 25,000 to Rs. 1,00,000 |
Average Monthly Balance between Rs. 1,00,000 to Rs. 5,00,000 |
Average Monthly Balance greater than Rs. 5,00,000 |
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Current |
Revised |
Unchanged |
Unchanged |
| Monthly Credit Transactions Amounting to Rs. 50,000 or more |
50 points |
25 points |
50 points |
75 points |
| ECS Transactions |
10 points |
05 points |
10 points |
15 points |
| Standing Instructions |
10 points |
05 points |
10 points |
15 points |
| Opening of Recurring Deposit for Rs. 2000 or more |
200 points |
100 points |
200 points |
300 points |
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| As a Priority Banking Program member, you will continue to enjoy other annual benefits: |
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Complimentary Airport Lounge Access at 25 listed lounges covering 17 cities in India.
For details, visit - axisbank.com/prioritylounges |
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Avail of a special 25% discount on annual locker rent for the first year. You can book your lockers conveniently via Internet Banking or the Axis Mobile App. |
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Get 25% discount on movie tickets booked via BookMyShow |
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Get up to 20% discount across 4000+ Partner Restaurants |
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Enjoy higher cash transaction limits and other complimentary Banking Services and Products |
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| You can also get the best overview of your money through the One Glance Statement – the account statement sent to your registered email ID monthly. |
Warm Regards,
Axis Bank Ltd. |
| T&C apply. |
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