All about Axis Bank savings account

All owners of savings bank accounts at Axis Bank have access to a broad variety of individualised features and advantages. Customers have simple access to their accounts at any of the 2,300 branches or more than 11,000 ATMs located around the nation. 

Axis Bank savings accounts are categorised according to the different features a person or an individual requires. Axis Bank savings accounts may be opened by Indian nationals and Hindu Undivided Families (HUF). On their personal banking website, information is given for account opening. As an alternative, you can create an account by visiting one of the 3000+ Axis Bank locations nationwide. To finish the procedure, you require a few fundamental documents.

 

All you need to know: Axis Bank net banking

 

Axis Bank savings account types

Instant Savings Account ASAP

• An account is set up immediately
• Free online shopping virtual debit card
• Flexi Fixed Deposit balances over Rs 10,000 can be automatically swept
• Free instant money transfers to friends and relatives
• Utility bill payment convenience at your fingertips
• Fantastic discounts and deals for online shopping

EasyAccess Savings Account

• Simple account operations with a little beginning deposit
• All account users receive personal accident insurance, and transactions earn eDGE Loyalty Incentives that may be used for more than 500 rewards and offers.
• Banking convenience with the RuPay Platinum Debit Card

Prime Savings Account

• Higher transactional thresholds
• Demand draughts are limitless and free.
• Many cheque books
• A free Secure Plus Debit card is provided.
• Up to Rs. 5 lakh in personal accident insurance coverage when using a Secure Plus debit card

Women’s Savings Account

• Simplifies banking for independent women of today.
• Low beginning deposits of only Rs. 10,000 and eDGE reward points for each transaction successfully completed
• Up to Rs 2 lakh in personal accident insurance
• Low issuance fees with the Visa Classic Debit Card

Senior Privilege Savings Account

• higher FD interest rates
• Discounts of up to 50% are available at more than 200 reputable diagnostic facilities, while 1000+ Apollo Pharmacies nationwide are offering discounts of 15%.
• Simple bill payment at any Axis Bank location after a single registration
• An special Seniors ID Card and priority customer service at all branches
• a robust debit card with access to over 13000 Axis Bank ATMs, a daily withdrawal cap of Rs. 40000, and a maximum spending cap of Rs.100000

Basic Savings Account

• A minimal savings account with a minimum balance of 0
• Every account comes with a free RuPay debit card.
• Access a large network of Axis Bank locations and ATMs nationwide, and benefit from free cash deposits.
• Basic Savings Account, Small
• A zero-balance requirement and convenient banking
• All account holders receive a free Rupay debit card to use for ATM withdrawals, retail purchases, and online personal accident insurance

Youth Account

• Access to several exclusive offers and savings with a customised youth debit card
• The Youth mobile app, eDGE, puts banking at your fingertips. Reward points for each successfully completed transaction

Savings Account Liberty

• You can choose to either spend from the account or keep a minimum balance of Rs 25,000 each month. On weekend travel, shopping, entertainment, and food expenditures, you will get a 5% cashback.

Prestige Digital Saving Account

• You will receive a free immediate e-debit card with this savings account. You will receive 1% cashback with this debit card on purchases of gasoline, travel, and online shopping. Additionally, you will receive 12.5% cashback on Amazon and Flipkart.

Government Scholarship Savings Account

• You will receive a Rupay Platinum Debit card with a daily ATM withdrawal limit of Rs. 40,000 under the Government Scholarship Savings Account. Additionally, you are entitled to four free withdrawals each month and unrestricted free cash deposits.

Priority Digital Savings Account

• You will receive a free immediate virtual debit card with this savings account that will pay you 1% cashback when you purchase online. Additionally, you will receive 15% cashback on Amazon and Flipkart.

 

Documentation needed to start a savings account with Axis Bank

• A properly completed account opening form with the applicants’ signatures
• Proof of address
• Proof of identity
• Recently taken passport-size photos
• It is advised to verify with the bank for the most recent criteria as the documentation needed to create an account may occasionally change.

 

How to open an Axis Bank savings account online?

Using the Axis Bank web platform, customers may simply compare and open the Axis Bank savings account of their choosing. The website’s “Apply online” function directs visitors to an application form that must be completed and submitted. It is necessary to provide personal information such as name, address, phone number, preferred branch, city, and the kind of savings account needed. These particulars must be confirmed before being submitted. The application must be submitted with the necessary documentation. 

As part of the introduction programme, Axis Bank provides new account holders with a welcome package. Additionally, when a savings account is created, a debit card is sent out. This card is specific to the kind of savings account chosen.

 

Check out : Have info. about IFSC code Axis Bank 

 

Axis Bank Savings Account Interest Rate:

Type of Axis Bank Savings Account	Fees & Costs
Monthly account service fees	Rs. 100 to 500
The cost to issue a debit card	Rs. 150. (NIL on a few account types)
Account closing fees	Rs. 500
Return fees on inbound checks	Rs. 500.
ECS Debit failure fees	Rs. 500.
Standing Orders failure fees	Rs. 50

 

See also : Know more about IFSC code 

 

Axis Bank minimum balance requirements for savings account 

Depending on the kind of account held and the target market it caters to, Axis Bank savings accounts have varying minimum balance requirements. A minimum balance might be as little as Rs 2,500 or as much as Rs 100,000. 

 

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com