If you want your business to flourish and do not want to end up paying hefty amounts for depositing money in your accounts, then keep off from Axis Bank - The Day Light Robber in the name of bank.
This rogue bank fleeces money from customtakeouters unlike any costly banks which provide world class service and gives a personal touch to a customtakeouter.
The charges are mind boggling and beyond any ones imagination. If you deposit cash in a bank other than the branch where you hold your account, they charge a whooping Rs 100+ Rs 4 per every 1000+ Service Tax! Heights is if you deposit a cheque even in a near by ATM. This robber charges @ Rs 1.50 per every 1000. I seriously do not understand what the value of the cheque has to do with clearing and why is it a burden on the bank if the customtakeouter drops it in a nearby ATM or a nearby branch?
We are supposed to maintain an average balance of Rs 50000 per day in our account and guess how much the bank charged because our average balance was Rs 39, 655.
We were charged with Rs 3140+ 323.42 as service tax.
I seriously doubt if any bank across the globe robs its customtakeouters so heavily as Axis bank does. Unfortunately, this disgusting bank missed out the merger with Global Trust Bank. Had that happened, this would have been a history and lakhs of customtakeouters who opened accounts with this rogue bank would have been spared.
Hope RBI intervenes and penalizes such greedy banks and spares companies from losing money in the form of hefty charges or this bank indulges into some fraud which eventually happens with greedy people and becomes a history as GTB.