• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

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

Apply For Lifetime Free IDFC First Credit Card
sidp

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.
 

Attachments

  • Screenshot_20241213_203808_Messages.webp
    Screenshot_20241213_203808_Messages.webp
    92.9 KB · Views: 413
Last edited:
Apply For LTF AU LIT Credit Card
Apply For LTF HDFC Swiggy Credit Card
Sort by date Sort by votes
Aniket said:
Canara ko bhul gaye kya? Har chiz ka paisa hai banking custom ko dekhta bhi nahi, pehle toh UPI ka bhi tha, uske alawa everything is chargeable, everything means everything even email/ phone number update, nominee update and what not.
Click to expand...
Sorry bro, mai aajtk ek hi psu bank me gya hu wo v sbi qki ghr se njdik hai, baaki hdfc, Icici k RM to ghr pe hi aa jaate hai under 200m hai tino k branch se ghr, axis within 500m isliye open krwa liya tha but ab bhaad me jae
 
Upvote 0 Downvote
sidp said:
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.
Click to expand...
I don't think now I saw many offers are coming with 3-4 banks and axis can be ignored now
 
Upvote 0 Downvote
sidp said:
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.
Click to expand...
Your call and yes if it's going this way then it's waste of time and effort.

As always said most of the BOs' are incompetent and bias.
 
Upvote 0 Downvote
Pikachu. said:
IMO, it isn't a big deal to pay 5 rs a month.
Click to expand...
This is a forum where fintos go mad for not reversing 🔀 @D₹V (Do ₹upya Verification)
Angry Let It Out GIF
 
Last edited:
Upvote 0 Downvote
sidp said:
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.
Click to expand...
what bullshit is this....
so tomorrow if they'll message all cardholders about bill generation then it means 25 paisa each message?
and what about OTPs?
 
Upvote 0 Downvote
Pikachu. said:
IMO, it isn't a big deal to pay 5 rs a month.
Click to expand...
It's not about 5rs. It's about avoiding a slippery slope.
1st bank stopped paying rp for rent(which was a fair call). Stopped paying rp for utility bill(still OK.).
Then Started introducing upper limit.
Now some have introduced upper limit as low as 10/15 k for fuel , utility bills etc. And it's better not to even talk about current rewards/milestone exclusions list.

if they start charging per sms for bank account. Tomorrow theyll start for cc /demat. Then they'll remove upper limit for this sms charge.
Next 5rs for tea, 25p extra for upi .😅
 
Upvote 0 Downvote
Aniket said:
Really? Not for you, but it's very big deal for other general public.

People can pay ₹100 for a product but can not pay ₹80 for the same product and ₹20 delivery charge or any other charge. This is what mindset is.
Click to expand...
I think this message from axis is also triggering one thing in my mind and that is 15th is Sunday and 16th is Monday they will definitely deduct charges from accounts on Sunday.

People going for Account closure on Monday may also face closure charges
 
Last edited:
Upvote 1 Downvote
aniketkr.sharma said:
I think this message

Dear Customer, w.e.f. 15-12-2024 all mandatory SMS as per regulatory requirements will be charged at INR 25 paise per SMS and maximum INR 15 per qtr- Axis Bank


is also triggering one thing in my mind and that is 15th is Sunday and 16th is Monday they will definitely deduct charges from accounts on Sunday.
Click to expand...
Mein ye delete kar diya tha comment karte hi and aap quote karke post kar diye?😂 Edit the message and remove the quote.

I thought, I was replying to someone else.
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

RishiKiDev
  • Question Question
OneCard devaluation from 15th December onward - No Reward On Fuel
3 4 5
Replies
81
Views
8K
wapenshaw
wapenshaw
Back
Top