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Axis Bank to charge 25paise per sms from 15th December 2024

sidp

TF Legend
I just got a intimation from axis that mandatory sms as per rbi regulation ( I guess intimation for change in balance/settings change) will be charged 25p/sms with maximum charges being RS15 /qtr.

Anyone else got this intimation? Is this just for account holders or for cc holders as well?

@HumorSimpson this is your cue
Insert end Is near meme. 🤣

@mods please move to rbi guideline/bank account section. I mistakenly posted in credit score section.
 

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Yeh kya chindi banking hai.
Oh God Omg GIF by Bombay Softwares
 
Yes. This has been suspended for months. I tried to close through app in late September. It told me to visit branch. I've visited branch twice. Signed the closure form. Even gave them reminder. Its still not closed after 3 months. Balance has gone negative. I think they waiting for rbi complaint. 😅
What're you waiting for? Go ahead hope you have acknowledgement slip.

Axis deverse a solid complaint and you deserve compensation.
 
Now axis will charge separately for mandatory sms before they were charging for credit card transaction as well if you have savings ac .

Previous Was only for non mandatory sms now reverse of all slowly all bank will do for this.

Similar union bank did before it was 15+18% gst then paisa /sms cap to 15 gst only now no capping they will charge upto used ac 1000 bucks seems due to trai new regulatory regards spam filter premium options.

Anyway they will spam many loans product via email & WhatsApp alerts as usual.
 
What're you waiting for? Go ahead hope you have acknowledgement slip.

Axis deverse a solid complaint and you deserve compensation.
Don't want to waste my time in rbi bo. Last time I complained against axis for duplicate cibil enquiry. They waited almost a month to respond after rbi complaint. They called me and asked for cibil report which I had already sent from beginning. Then they asked for control number. I was very busy around that time. They didn't even give me 48hrs to respond. And rbi closed the case in their favour.
My time is worth much more than the reward/compensation axis can give. I have already taken out all my money. The account will automatically go dormant. Will keep only ltf neo cc for ecom offers.
 
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