Axis Savings Account
Axis Bank offers a diverse range of Savings Accounts to cater to your unique needs and financial goals. Whether you’re a young professional starting out, a seasoned investor seeking growth, or someone focused on convenience, there’s an Axis Savings Account perfect for you.
Features and Services of Axis Bank Savings Account
- 24/7 Access: Manage your account anytime, anywhere with Axis Bank’s user-friendly mobile app and internet banking platform.
- High-interest rates: Earn competitive interest rates on your savings, helping your money grow steadily.
- Wide ATM Network: Access your cash conveniently with over 16,000 ATMs across India.
- Debit Card Benefits: Choose from a range of debit cards tailored to your spending habits, offering rewards, cashback, and other exclusive benefits.
- Add-on Facilities: Enhance your account with features like overdraft protection, standing orders, and bill pay services.
Types of Axis Bank Savings Accounts
- Basic Savings Account: Zero balance account with basic features, ideal for daily transactions.
- Easy Access Savings Account: Manage your money conveniently with flexible balance requirements and online access.
- Liberty Savings Account: Enjoy higher interest rates with a slightly higher minimum balance requirement.
- Prestige Savings Account: Get premium features like airport lounge access and dedicated relationship managers.
- Priority Savings Account: Designed for high net-worth individuals with exclusive benefits and personalized service.
- Burgundy Savings Account: Experience the pinnacle of banking with wealth management solutions and premium benefits.
Axis saving account minimum balance and Interest rates
| Account Type | Minimum Balance (₹) | Interest Rate (%) |
|---|---|---|
| Basic Savings Account | 0 | 2.50 |
| Easy Access Savings Account (Urban/Metro) | 10,000 | 3.00 |
| Easy Access Savings Account (Rural) | 5,000 | 3.00 |
| Liberty Savings Account | 25,000 | 3.50 |
| Prestige Savings Account | 1,00,000 | 4.00 |
| Priority Savings Account | 5,00,000 | 5.00 |
| Burgundy Savings Account | 10,00,000 | Negotiable |
Axis Bank Savings Account charges
| Charge | Amount (₹) |
|---|---|
| Account Maintenance Charges (Monthly) | |
| Basic Savings Account | Nil |
| Easy Access Savings Account (Urban/Metro) | 10-50 |
| Easy Access Savings Account (Rural) | 5-25 |
| Liberty Savings Account | 50-150 |
| Prestige Savings Account | 200-300 |
| Priority Savings Account | Nil |
| Burgundy Savings Account | Nil |
| Non-Maintenance of Minimum Balance Charge (Per Quarter) | |
| Basic Savings Account | 100 |
| Easy Access Savings Account | 150-500 |
| Liberty Savings Account | 250-750 |
| Prestige Savings Account | 500-1500 |
| Cash Withdrawal at Non-Axis Bank ATM (Per Transaction) | 20-50 |
| Fund Transfer to Other Banks through NEFT/RTGS | 5-25 |
| Debit Card Charges (Annual) | Varies based on card type (Free for some accounts) |
Steps to Open an Axis Savings Account:
Research Account Types: Axis Bank offers various types of savings accounts, each with its own features and benefits. Research the options available and choose the one that best suits your needs.
Visit Axis Bank Website: Access the Axis Bank website to explore the features of different savings accounts and understand the eligibility criteria.
Online Application: Many banks, including Axis Bank, allow you to open a savings account online. Visit the Axis Bank website and navigate to the section for opening a new savings account.
Fill Application Form: Complete the online application form with accurate personal and contact details.
Provide Documents: Prepare the necessary documents required for opening a savings account. Typically, you’ll need identity proof, address proof, and photographs.
Upload Documents: Scan or take clear photos of your documents and upload them as per the instructions provided during the online application process.
Submit Application: After filling out the application and uploading the necessary documents, submit the application online.
Verification: Axis Bank will verify your application and documents provided. You may receive a confirmation email or SMS regarding the status of your application.
Follow-Up: If required, follow up with Axis Bank regarding any additional information or verification process.
Account Activation: Once your application is approved and verified, Axis Bank will provide you with the details of your new savings account, including the account number and other relevant information.
Documents Required for Opening an Axis Savings Account:
- Identity Proof: Aadhaar card, Passport, PAN card, Voter ID, Driving License, etc.
- Address Proof: Aadhaar card, Passport, Utility bills (electricity, water, gas), Rental agreement, Bank statement, etc.
- Photographs: Passport-sized photographs.
Benefits of Axis Savings Account:
- Competitive interest rates
- Convenient banking services
- Access to a wide network of ATMs and branches
- Online banking facilities
- Personalized customer service
Opening an Axis Savings Account can provide you with a reliable and convenient banking experience tailored to your financial needs. Make sure to check the latest requirements and procedures on the Axis Bank website or by contacting their customer service representatives.