Soon, you will be charged even for failed transactions at Axis Bank ATMs

The proposed fee will be Rs 25 per transaction; the bank has uploaded a notice on its website listing this and three other charges coming into effect from 1 April 2020

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