Axis Bank new savings account with zero service charge on these 47 transactions; All you need to know

How it works
According to the Axis Bank website, the Infinity Savings Account is a fixed fee-based account in which the customer is required to pay the bank a predetermined amount of money at regular intervals in exchange for the advantages associated with using the account.

Charges that are waived
No Average Monthly Balance (AMB) requirement, free debit cards, no charges on cheque book usage or transactions/withdrawals above limits and remission of all domestic fees.

S NoCharge DescriptionInfinity Savings Account Charges1AMB non-maintenance feesNil2Primary Card: Issuance FeesNil3Primary Card: Annual FeesNil4Joint Card: Issuance FeesNil5Joint Card: Annual FeesNil6Cheque book issuanceNil7Account ClosureNil8Cash Transactions at Non-Home BranchNil9Fees on Cash Deposits above limitsNil10Fees on Cash Withdrawals above limitsNil11Transaction Charges on Cash Deposit Transaction done at Cash Deposit MachineNil12Fair usage fees on branch transactionsNil13Outstation Cheque Collection FeesNil14NEFT FeesNil15RTGS FeesNil16IMPS FeesNil17Axis ATM: Cash Withdrawal fees beyond limits — Financial transactionsNil18Non-Axis ATM: Cash Withdrawal fees beyond limits — Financial transactionsNil19Axis ATM: Cash Withdrawal fees beyond limits — non financial transactionsNil20Non-Axis ATM: Cash Withdrawal fees beyond limits — non financial transactionsNil21ECS transaction chargesNil22NACH transaction chargesNil23Card Replacement FeeNil24Additional Cheque book FeeNil25Stop Payment Instructions: ChequeNil26Stop Payment Instructions: ECSNil27DD/PO Cancellation/ Duplicate/ RevalidationNil28Additional DD/PO FeeNil29Value Added SMS AlertsNil30Speed Clearing FeesNil31Address ConfirmationNil32Photo AttestationNil33Signature VerificationNil34Balance. Read more on economictimes.indiatimes.com