Cardfare / What changed / Axis raises top late-payment fee to ₹1,300

Axis raises top late-payment fee to ₹1,300

The late fee for outstanding balances above ₹50,000 rises to ₹1,300, while lower slabs are unchanged. Payments are now applied first to fees and taxes, then EMIs, interest, purchases and cash advances.

Cards affected

Applies across Axis Bank's credit cards.

Source

For outstanding balances of INR 50,000 and above, the revised late payment fee will be INR 1,300.

Business Standard · Bank notice

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