Archive · 21 Aug 2026
Axis, Kotak and IndusInd Revise Card and Banking Charges
Three banks are changing some of their fees in August 2026.
Kotak Mahindra Bank will charge more when debit-card users choose to pay in their home currency during some international transactions.
Axis Bank will also raise this type of fee for credit-card users.
Axis will charge Rs 1,300 when a credit-card balance above Rs 50,000 is paid late.
IndusInd Bank is changing several savings-account and debit-card charges.
These include fees for IMPS transfers, cash transactions, minimum-balance shortfalls and debit-card use.
Some IndusInd customers will also pay more for foreign-currency transactions.
The exact cost depends on the customer’s account or card and the transaction.
Customers should check their bank’s latest fee schedule before making payments.
Kotak Mahindra Bank will raise debit-card DCC fees from 1% to 3.5% plus GST on August 1, 2026.
Axis Bank will increase credit-card DCC markup from 1.5% to 3.5% from August 28, 2026.
Axis Bank’s late-payment fee for balances above Rs 50,000 will be Rs 1,300, while lower slabs remain unchanged.
IndusInd Bank will revise IMPS, cash transaction, minimum-balance, debit-card and forex charges for specified accounts and cards.
Customers may face different charges depending on their account variant, card type, transaction amount and applicable taxes.
- Who
- Customers of Axis Bank, Kotak Mahindra Bank and IndusInd Bank, including specified savings-account and debit-card holders.
- What
- The banks are revising selected Dynamic Currency Conversion, late-payment, IMPS, cash transaction, minimum-balance, debit-card and forex charges.
- When
- The changes take effect from August 1, 2026, for Kotak Mahindra Bank and IndusInd Bank, and August 28, 2026, for Axis Bank’s DCC markup.
- Where
- The revised terms apply to transactions and accounts covered by the banks’ fee schedules, including international, ATM, point-of-sale and online transactions.
- Why
- The banks have updated their charges and card or account terms for specified products and customer segments.
- Kotak DCC fee
- Debit-card DCC markup will rise from 1% plus GST to 3.5% plus GST from August 1, 2026.
- Axis DCC fee
- Credit-card DCC markup will rise from 1.5% to 3.5% from August 28, 2026.
- Axis late-payment fee
- The fee for outstanding balances above Rs 50,000 will be Rs 1,300; fees for lower slabs remain as listed by the bank.
- IndusInd IMPS fees
- For specified savings and non-resident variants, charges will be Rs 2.50 for transfers up to Rs 10,000, Rs 5 up to Rs 1,00,000 and Rs 10 above Rs 1,00,000.
- IndusInd cash charges
- For applicable account variants, transactions beyond the free limit will cost Rs 5 per Rs 1,000, subject to a minimum charge of Rs 150.
- IndusInd debit-card fee
- Issuance, annual and renewal charges for listed Visa Gold, Mastercard Titanium and RuPay debit cards will be Rs 299.
- IndusInd forex markup
- Revised forex markups range from 2.5% to 3.5% for the listed RuPay, Visa Platinum, premium, Select and Exclusive debit-card segments.