Axis Bank’s ULTIMA Defense Salary Account is created to cater to the specific needs of our brave soldiers. The ULTIMA Defence Salary Account comes with a free Power Salute Debit Card that has the annual and joining fees waived for primary/joint account holders. It also provides a Personal Accident Insurance Cover of up to Rs. 30 Lakhs.
apart from banking features, the Axis Bank ULTIMA Republic Salary Account also provides health offers…
- Personal Accident Insurance Cover of 30 lacs (including Permanent and partial Disability Cover)
- Unlimited free cash withdrawals at Axis Bank ATMs and other bank ATMs
- Family Banking Program - Share benefits with up to 3 family members
Features and Benefits
1. Earn 3.0 per cent interest on daily balances, quarterly2. Zero minimum opening deposit and Nil Average monthly balance requirement*
3. Unlimited free payable-at-par chequebooks, Unlimited free Demand Drafts/Pay Orders, at Axis Bank locations
4. Free, unlimited online NEFT/RTGS transaction
5. Bank easy with a Power Salute Debit Card at Nil issuance and annual charge
- Free Power Salute Debit Card for primary/joint account holders with Nil issuance and annual charges
- Upto 20% off on our partner restaurants
- High daily withdrawal limits of Rs. 40,000 at ATMs and Rs. 2,00,000 for shopping transactions
- Unlimited free cash withdrawals at Axis Bank ATMs and other bank ATMs
Fees & Charges for Debit Card
Certain Fees and charges for the Power Salute Debit Card are applicable to be able to avail of all the benefits that come with the debit card. You can view the same below. To know in detail about the Power Salute Debit Card Fees, please go through the below fees and charges applied.
Card Platform | Rupay Platinum |
|---|---|
Issuance Fess - Primary/Joint | Nil |
Annual Fees | Nil |
Replacement Fee | Rs. 200 |
ATM Withdrawal Limit (Per Day) | Rs. 40,000 |
Purchases Limit (Per Day)* | Rs. 2 lakh |
Lost Card Liability | Rs. 50,000 |
Personal Accident Insurance Cover | Rs. 10 Lakhs |
Airport Lounge Access | No |
MyDesign | Rs. 150 |
- A cross-currency mark-up of 3.5% will be levied on all international cash withdrawal and purchase transactions
- Goods and Services Tax will be applicable on all the above-mentioned fees & charges
- *W.e.f 20th Feb 2019, all new cards issued will have an enhanced domestic purchase limit of Rs. 2,00,000
6. Protection for Self, Family and Assets*
- Personal Accident Insurance Cover: In the unfortunate event of loss of life in a mishap, the customer's beneficiaries will receive the benefit of accident insurance of Rs. 30 lakh.
- Zero Lost Card Liability: As an Axis Bank Debit Card customer, you will be insured for the risk of loss due to fraudulent use of a lost/stolen/missing debit card. All you need to do is communicate the loss of your card by calling our 24-hour customer service number.
- Purchase Protection: All consumer durable goods purchased using the debit card are insured against fire, natural calamity, burglary and housebreaking up to 90 days from the date of purchase. You will be eligible for a combined lost card liability and purchase protection of up to Rs. 50,000.
- Air Accident Insurance covers Rs. 1 crore on tickets purchased on Axis Bank Debit Cards.
8. A Savings Account under the Salary scheme is a special account offered to customers with regular direct salary credits coming into this account. In case the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under the said Account stands withdrawn and the account shall be treated as a Normal Savings Account under our standard charge structure and Average Quarterly Balance (AQB) is required to be maintained, and all charges shall be levied and applied as applicable to normal savings accounts. Moreover, the Know Your Customer must be complied with as applicable to a Normal Savings Bank account and documents are to be submitted, failing which there would be a credit freeze marked on the said account. The features of Normal Savings Bank Account and charge structure are available on the bank's website – www.axisbank.com. You may please contact your nearest Axis Bank branch for further details.
