Question
Which bank has launched 'Infinity Savings Account'Â
that is offering special features for its customers, including no domestic transaction charges in exchange for monthly fees & aims to appeal to those who frequently adopt subscription-based models?Solution
Axis Bank, launched its 'Infinity Savings Account'Â that is offering special features for its customers, including no domestic transaction charges in exchange for monthly fees. The move aims to appeal to those who frequently adopt subscription-based models. This innovative savings account provides Axis Bank customers with exclusive privileges such as a waived average monthly balance (AMB) requirement, complimentary debit cards, and a waiver of all domestic charges against a small monthly recurring fee of Rs 150 or an annual fee of Rs 1,650.
Mr. Sharma distributed a total of Rs. 11,250 among his three employees—Ram, Saran, and Ramen—based on their performance. The distribution was such t...
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