Answers ( 2 )

  1. I got to know about this term when I tallied my bank account. There are so many transactions related to consolidated charges. You also must have come to this website in search of information about 'Axis Bank Consolidated Charges.' You may have observed a strange transaction or withdrawal from your bank account. 'Consolidated Charges' is a term that most people are unfamiliar with. You can't just simply stare at your bank account balance. However, the purpose of this article is to guide you on what is consolidated charges in Axis Bank.

    What is consolidated charges in Axis Bank current account?

    As per the bank, each account has assessed a fee based on its type. Consolidated Charge is the name given to all of these charges when they are combined. Charges for failing to maintain a minimum balance in an account, debit card charges, message alerts, ATM withdrawals above the allowed limit, check bounces, and auto-debit failure are all included in the aggregated charge. The fees are determined by the type of account a customer has with this bank. The consolidated charges, for example, are the charges subtracted at the end of the month, including GST (Goods and Services Tax).

    NoBroker offers home loans at very minimal charges, you must give it a try.

    Guide to check the details of Consolidated Charges:

    1) The first step is to go to Axis Bank's official website. You can go straight to it at https://www.axisbank.com/ 

    2) Following that, you must proceed to the login page.

    3) You must now use your online banking username and password to log in.

    4) Now you can go to the accounts area of the dashboard.

    5) You must now choose a bank account.

    6) After that, select the option to "See Detailed Statement."

    7) You must click 'see account charges' after that.

    8) Select the 'levied account charges.' option on the following screen.

    9) The specifics of the combined charges will now appear on your screen.

    What is consolidated charges in Axis Bank account and how to avoid it?

    If you have an Axis Bank account, you must exercise caution when using these items. The bank deducts the aggregated charge at the end of each month. As a result, it's important to plan ahead and keep track of what's going on during the month. When a check bounces, an EMI is missed, or a credit card payment is not paid on time, any bank will charge the consumer excessively. You do not need to be concerned if you do not commit such errors.

    You must have understood what is consolidated charges in Axis Bank.

    Read More:

    What are bank mortgage charges?

    What is MOD charges for home loan?

    What is finance charges in HDFC credit card?


    Book Best Packers & Movers with Best Price, Free Cancellation, Dedicated Move Manager

    Get Rental Agreement With Doorstep Delivery, Super Quick & Easy

    This is third

    This is third

    This is fourth

    This is fourth

    This is fifth

    This is fifth

    This is six

    This is six

    This is seven

    This is seven

    This is eight

    This is eight



  2. Based on the kind of savings account you have with the bank or for any additional services or products you have chosen from the bank, the bank may levy a variety of appropriate fees which you may not be very well aware of. These fees are combined and applied to your savings account at the end of each month under the heading "Consolidated Charges." I am a banking professional so it is my job to know about these charges but it is also my job to keep the common man updated on these banking terminologies like consolidated charges meaning. So, I am going to help you understand what are consolidated charges and explain to you what all charges are included in the consolidated charges so that the next time the bank levies such fees, you can easily make out which fees come under the consolidated charges head. So, please continue reading.

    Take home loans from leading banks on NoBroker at an interest rate of as low as 7.3% and achieve the dream of buying your own home.

    Win exciting rewards and cashback for paying your utility bills via NoBroker through your credit cards.

    What type of charges constitute the Axis consolidated charges?

    1. Debit card charges:
    • Debit Card Annual /Issuance fee
    • Debit Card Replacement fee
    1. Non-Maintenance of minimum balance as per limit applicable on your account type
    2. Charges beyond stipulated free transaction limits
    • ATM withdrawal
    • Cheque book
    1. Value Added Services – SMS Alert
    2. Transaction failure charges
    • Auto Debit Failure
    • Cheque Return /bounce
    • Standing Instruction bounce
    1. Transaction Charges
    • Cash Transaction
    • DD Issue Charges/Revalidation
    • Recurring Deposit Standing Instruction
    • Stop Cheque
    1. Duplicate Passbook/Statement Fees
    2. I-connect /Net Secure device charges
    3. Charges towards additional products you have opted
    • Annual charges towards DEMAT account
    • Annual locker charges

    Are consolidated charges in Axis Bank refunded in any case?

    They can, indeed. But you must go to an Axis Bank location and talk about the exact cause of the charges.

    Consolidated charges are typically influenced by the kind of account you have, the number of transactions you make, and the amount and maintenance of your balances. You can consult a copy of the timeline of charges that you signed when opening your account or request a copy from the bank.

    Reversal of charges varies from case to case. All incorrectly assessed fees resulting from a calculational technological error are repaid, however, the likelihood of such fees is very minimal. Charges that were made in error by the bank may be repaid. For instance: You deposited a check, but the bank personnel took a long time to credit it to your account. As a result, the stipulated balance condition was not reached, and combined costs were collected.

    Additionally, based on your overall banking relationship, a charges waiver may be taken into consideration if you typically keep a good value but there was an exception that resulted in the balance criteria not being satisfied for a single month.

    I hope I was able to help you understand the consolidated charges meaning.

    Read More:

    Is There Any Charges For RTGS Fund Transfer?

    What Is RTGS Charges In SBI?

    What Are ICICI Bank Premature Closure Of FD Charges?


    Book Best Packers & Movers with Best Price, Free Cancellation, Dedicated Move Manager

    Get Rental Agreement With Doorstep Delivery, Super Quick & Easy

    This is third

    This is third

    This is fourth

    This is fourth

    This is fifth

    This is fifth

    This is six

    This is six

    This is seven

    This is seven

    This is eight

    This is eight



Leave an answer

Questions for you