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| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
Details of details and changes in date
Card holders of First Millennia, First Wealth and First Swipe Credit Cards will see a change in their statement date, which will now generate on the 20th of every month.
However, the date of payment remains unchanged 15 days after the statement date.
To attract education fee payment processing fee
The education fee will be paid through third-party platforms such as credits, Paytm, Czech, and Mobikvik, which will now levy 1% fee with 1% fee. However, customers can avoid this fee by paying directly on their educational institution website or their physical POS machines.
New fuel fee and revised overload
The 1% fee will now be applicable to the total fuel expenditure of more than ₹ 30,000 within a statement cycle. For example, if a cardholder spends of 40,000 on fuel in a month, the fee of ₹ 400 (1%) plus will be levied.
In addition, fuel surcharge exemption for the horse, Mayura, and first wealth credit cards will now be shaded at the ₹ 300 per statement cycle.
Amended interest rate (APR)
The bank has updated its dynamic interest rate (APR) range, which will now start from 8.5% per year and will go from 9% to 43.8% per year as compared to the previous limit of 46.2% per year.
The overdated interest rate is 47.88% unchanged per year.
The interest fee will only apply to unpaid arrears. This amendment does not apply to the first Swyp credit card.
The use of railway lounge is now associated with the criteria that spends
Cardholders will still get the use of a railway lounge for objective, but the eligibility will now be less than the minimum monthly expenditure in the last calendar month. This means that if a cardholder spends ₹ 20,000 or more in March 2025, they will qualify for free lounge access in April 2025.
Add cards to carry fees for new applications
From February 20, 2025, all newly issued ad-on cards will attract an annual fee of one joining and applied ₹ 499 plus taxes. However, this fee will not be charged on the add-on card made before this date. Additionally, Ashwa, Mayura and first private credit card will be exempted from this allegation.
Card replacement fee increased
The fee will be revised in ₹ 199 plus taxes to replace lost or damaged credit cards. This applies to all standard and image-individual credit cards.
However, replacement fees with premium metal cards such as Ashva, Mayura, and first private credit cards -first digital and first EA. Digital credits like N remain unchanged for cards.
Image privatization to attract fees for new requests
IDFC First Bank allows customers to personalize their credit card with custom image. For the new image-transmitted cards issued on or after 20 February, 2025, and an engagement and annual fee of 499 plus taxes will apply. However, the existing image-related cards released before this date will not be subject to an annual fee.
Additional details and discounts
The revised words do not apply to the first private credit card. In addition, all fees, fees and interest rates will be according to GST 18% or government regulations. The bank will continue to use the merchant category (MCC) assigned by the payment network to classify and apply relevant fees to classify and apply relevant fees.
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