Finance

What is bna charges in axis bank?

5 answer(s)
Answer # 1 #

BNA means Bulk Note Acceptor. It is the cash deposit machine.

Axis Bank gives some free cash deposits in machine every month. If you deposit cash more times than the free limit, the bank will take a small fee. This fee is the BNA charge. For savings account, it is mostly free for first 4 deposits or up to Rs 1.5 lakh. After that, they charge about Rs 5 for every Rs 1000. You should check the bank website for exact charges.

[3 Month]
(13)
Answer # 2 #

Axis Bank allows a limited number of free cash deposits per month through BNA. Once you exceed that limit, they charge a fee, usually per transaction or per ₹1000 deposited.

[1 Month]
(4)
Answer # 3 #

BNA stands for Bulk Note Acceptor, which is a type of deposit machine in Axis Bank. BNA charges are the fees applied for using this machine under certain conditions.

[1 Month]
(4)
Answer # 4 #

These charges vary depending on your account type. For regular savings accounts, the free limit is lower, while premium accounts have higher free limits before charges apply.

[1 Month]
(2)
Answer # 5 #

The charges are meant to cover machine maintenance and cash handling costs. To avoid them, try to deposit within the free limit or use internet banking for digital transfers instead of frequent cash deposits.

[24 Day]
(0)

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