On Wednesday, HDFC and Axis banks have limited free cash transaction of deposit and withdrawal in a month while earlier there was not limit from these banks.
From 1st March 2016, customers of HDFC Bank and Axis Bank will have to give charges if cash transactions beyond free limits of 4 times in a month.
In other hand Axis Bank stated that bank will allow five free transactions in a month which includes deposits and withdrawals transactions.
In Axis bank from sixth transaction onwards, customers will have to give Rs. 2.50 on per Rs. 1,000, while HDFC customers will have to give charge of Rs 5 on per Rs 1,000.