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Axis Bank provides corporate banking solutions such as corporate and commercial loans and fee-based products and services such as corporate credit cards. The Axis Bank Purchase Card is one such product which is offered to the corporate customers of the bank. It aids in better spend management for the organization.
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Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit the Axis Bank website.
The features and benefits of this card include the following-
Interest-Free Credit- The card comes with the benefit of an interest-free credit up to a period of 51 days.
Easy and Fast Payment Procedures- The Axis Bank Purchase Card enables convenience for payments like utility, electricity, stationery, etc.
Online Spends Management- The card helps to choose a particular billing cycle depending upon the preference of the holder to keep a track of the expenses.
Dedicated Support Team- The bank provides for integrated support infrastructure and a dedicated relationship manager for any assistance of the web-based programme.
Mobile Alerts- The record of all transactions done using the Axis Bank Purchase Card are sent via mobile alerts to the registered mobile number of the cardholder for instant verification. Moreover, enhanced Mobile Alerts subscription is also available for cardholders to keep a track of their spending done using the card.
The various kinds of fees and charges associated with the card are as follows:
| Fee/Charge | Amount/Rate |
| Cash Withdrawal Fee | 2.5% of the amount or Rs. 500, whichever is higher |
| Over Limit Penalty | 3% of the amount exceeding the credit limit restricted to a minimum of Rs. 500 |
| Cheque Return or Dishonour Fee | 2% of the amount to be paid subject to a minimum amount of Rs. 450 |
| Late Payment Fee | For less than Rs. 100 – Nil For Rs. 101 – Rs. 300 – Rs. 100 For Rs. 301-Rs. 1,000 – Rs. 300 For Rs. 1,001-Rs. 5,000 – Rs. 500 For Rs. 5,001-Rs. 10,000 – Rs. 600 Above Rs. 10,000 – Rs. 700 |
The Bank provides for a perfect solution for streamlining all corporate vendor payments through the Purchase Card. The application process, though a very simple and basic one, totally rests at the discretion of the bank and its prevailing policies.
To verify the identity and income of the corporate, Axis Bank will require certain documents which may include:
Some other documents may also be needed by the bank based on the customer’s profile.
There are two ways to apply for this card- online or offline.
Online- Visit the official web page of the bank and follow the step-by-step procedure to avail the Axis Bank Purchase Card.
Offline- Visit the nearest Axis Bank branch and gather all the relevant information and guidance from their trained personnel to apply for your Axis Bank Purchase Card at the earliest.
Is it possible to apply for the Axis Bank Purchase Card even if one is a cardholder of 2 or more cards of Axis Bank?
Yes, you can be the holder of any number of cards as long as you are duly fulfilling the requirements of the card, the details of which can be found on www.axisbank.com.
What are the security measures one should undertake while making online purchases by the Axis Bank Purchase Card?
You should never store your card details online to avoid any kind of misuse and do check for the https:// on the payment page to avoid any discrepancy or fraud. These are the primary security measures for using the Axis Bank Purchase Card.
What necessary measures should be taken in the event of the Axis Bank Purchase Card being used fraudulently for online purchases?
In any such event, immediately inform the bank by calling the customer care department at 91-2225261201 or 18604258888. You can then create a new password by entering your Purchase Card number along with with your date of birth, the card expiry date and the new 3-digit code.
What happens if an incorrect PIN is entered while making a purchase transaction using the Axis Bank Purchase Card?
If an incorrect PIN is entered, the purchase remains incomplete as it is declined by the bank. Repeated entries of incorrect PIN to the count of 3 leads to the blocking of the Purchase Card.
How to block the Axis Bank Purchase Card if needed?
To block the Axis Bank Purchase Card, send an SMS to 5676782 from your registered mobile number stating BLOCKXXXX where the last four digits represent the last 4 digits of the Purchase Card number. For any further assistance, dial 18604195555 or 18605005555.
Please Note: Axis Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.
