Axis Bank Limited · statement narration
ACCT CLOSURE CHG
Also printed as: CLOSURE CHARGES · AC CLOSE CHG · ACCOUNT CLOSING CHARGES · PREMATURE CLOSURE CHG
Decoded
A fee for closing your account within a defined period after opening it.
Hinglish meinAccount khulne ke kuch samay ke andar band karne par lagne wala charge.
- Closed within 14 days of account opening
Closed within 14 days of account opening, Bank’s own figure
From Axis Bank — Savings Account Fees and Charges Master
Verified
- Bank’s own figure
- Closed between 14 days and 1 year of account opening
Closed between 14 days and 1 year of account opening, ₹500 + 18% GST
From Axis Bank — Savings Account Fees and Charges Master
Verified
- ₹500 + 18% GST
ACCT CLOSURE CHG on your Axis Bank Limited statement — A fee for closing your account within a defined period after opening it. The bank publishes a rate table, not one figure; the rates are below.
Read from Axis Bank — Savings Account Fees and Charges Master on 2026-08-09.
Account closure charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
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What it costs, including GST1 rule · rate table, conditions and waiver
Savings & Salary Accounts — Service Charge Portfolio · Branch
Time since account opening
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Closed within 14 days of account opening | ₹0 | — |
| Closed between 14 days and 1 year of account opening | ₹500 | ₹590 |
| Closed post 1 year of account opening | ₹0 | — |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Axis savings-account closure timing rule surfaced in the current fees master and independently corroborated by current Digital Savings terms. Product-specific schedules should still be selected where Axis publishes an override.
Why it happened and how to avoid it
Why it happened
The account was closed inside the chargeable window after the first transaction.
How to avoid it
Close within the initial free window (commonly 14 days), or wait until the account is over a year old. No charge applies where the account is closed due to the holder's death.
Dispute this chargeRBI dispute template, ready to copy
Official source1 document
- Axis Bank — Savings Account Fees and Charges Master
Retrieved 2026-08-09
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