Get Quick info about the Axis Bank Savings Account, zero balance account opening, Digital Savings Account Types, Interest Rate, Debit Card, Minimum Balance, features, charges, benefits, limit, and More.
Axis Bank Savings Account
With a wide range of 11,500 Bank ATMs or 2300 Bank Branches Axis Bank provide personalized services. Any bank has 2 to 5 types of saving accounts but Axis Bank offers 12 to 13 types of saving accounts to its customers. The interest rate on Axis Bank’s savings account starts at 3% and goes up to 3.50%.
Axis Bank has become a well-known name in the private sector in India. Axis Bank is known for providing very premium services, Benefits, and rewards to its customers. With Axis Bank, customers can plan and track their money well and get interest in their savings accounts.
Among the various types of savings accounts, the customer can open any type of savings account at his convenience. In many types of savings accounts, you must maintain a minimum balance, but if you deposit a fixed deposit or recurring deposit in Axis Bank for a minimum of 1 year, then there is no need for you to maintain a minimum balance.
Axis Bank Provides Services like Digital Savings Accounts, Salary Accounts, Current Accounts, Zero Balance Savings Accounts, Fixed deposit (FD), Credit Card, Fastag, Car Loan, Personal Loans, Business Loans, Home Loan, Demat and Trading Accounts, Forex Card, etc.
So let us know from opening a savings account in Axis Bank to zero balance account opening, Digital Savings Account Types, Interest Rate, Debit Card, Minimum Balance, features, charges, benefits, limit, and account closure process.
Axis Bank Savings Account types
Axis Bank offers 12 to 13 types of savings accounts like Easy Access Savings Accounts, Youth Accounts, Women’s Savings Accounts, Pension Savings Accounts, Future Stars Saving Accounts, and Senior Privilege Savings Accounts to its customers. Let’s see some of the savings accounts Features, Eligibility, Minimum Balance, Initial Funding, Interest Rate, and other requirements.
1. Easy Access Savings Account
An Easy Access Savings Account offers an easy-access savings account that enables you to save your money, transfer and withdraw your money, and earn 3-3.50% interest on your daily balance. This account requires a minimum deposit of Rs 16,000.
Features: Internet Banking, free monthly e-statement, Free cheque books, Secure Plus Debit Card
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided families (HUF) are eligible, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Metro: ₹16000, Urban: ₹15000, Semi-Urban: ₹6000, Rural: ₹3000.
Monthly Average Balance: Metro: ₹12000, Urban: ₹12000, Semi-Urban: ₹5000, Rural: ₹2500.
Debit Card: Secure Plus Debit Card (Issuance Fee: ₹300, Annual Fee: ₹300)
Interest Rate: 3.00% to 3.50% Per Annum.
2. Prime Account
Axis Bank Prime Savings Account comes with enhanced transaction limits, unlimited cheque books, free & unlimited demand drafts/pay orders, and also a personal accident insurance cover of up to Rs. 5 lakh.
Features: Internet Banking, High transaction limits, unlimited cheque books, free & unlimited demand drafts/pay orders, Secure Plus Debit Card, personal accident insurance cover.
Eligibility: Citizen of India, The applicant should be 18 years or above, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Metro: ₹25000
Monthly Average Balance: Metro: ₹25000
Debit Card: Secure Plus Debit Card (Issuance Fee: ₹0)
Interest Rate: 3.00% to 4.00% Per Annum.
3. Future Stars Account
Axis Bank Future Stars Savings Account you can save money for your child. This account is specially designed for children. For this account, your child’s age should be under 18. This account also covers personal accident insurance coverage of up to Rs. 2 lakh.
Features: Visa Platinum Debit Card, free monthly e-statement, Free cheque books.
Eligibility: Citizen of India, The applicant should be under 18 years old.
Initial Account Opening Funding: Metro: ₹3000, Urban: ₹3000, Semi-Urban: ₹3000, Rural: ₹1500.
Monthly Average Balance: Metro: ₹2500, No requirement if Fixed deposit of ₹25,000 for 6 Months.
Debit Card: Visa Platinum Debit Card (Issuance Fee: ₹200, Annual Fee: ₹200)
Interest Rate: 3.00% to 3.50% Per Annum.
Read More: SBI Savings Account Interest Rate, Minimum Balance, Charges, Features & More
4. Liberty Account
Axis Bank Liberty Account gives full flexibility to spend Rs.25,000 per month or keep a Monthly Average Balance of Rs.25,000. Also get 5% cash back on travel, entertainment, retail, and food spending, and also get ₹750 quarterly gift vouchers.
Features: UPI, Free RTGS, NEFT Transaction, personal accident cover up to Rs. 5 lakh, Air Accident Cover of ₹1 crore, Visa Debit Card
Eligibility: Citizen of India, The applicant should be 18 years or above, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Metro: ₹25000
Monthly Average Balance: ₹25000
Debit Card: Visa Debit Card (Issuance Fee: ₹200, Annual Fee: ₹300)
Interest Rate: 3.00% to 3.50% Per Annum.
5. Pension Account
Axis Bank Pension Account is specially designed for Government Pensioners by the Central Government and Civil & Defense Ministries. This Pension Account also provides personal accident cover up to Rs. 2 lakh and a daily ATM withdrawal limit of ₹40,000.
Features: Internet Banking, Free cheque books, Debit Card
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided families (HUF) are eligible, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: Debit Card (Issuance Fee: ₹200, Annual Fee: ₹150)
Interest Rate: 3.00% to 4.00% Per Annum.
6. Basic Savings Account
Axis Bank Basic Savings account is a part of the Pradhan Mantri Jan-Dhan Yojana Scheme. This account is a zero balance account and includes a free Rupay Debit card and passbook with free SMS alerts.
Features: Mobile and Internet Banking, free e-statement, Free passbook, Rupay Debit card.
Eligibility: Citizens of India, Hindu undivided families (HUF) are eligible, KYC documents Like an Aadhaar Card and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: Rupay Debit card (Free)
Interest Rate: 3.00% to 4.00% Per Annum.
7. Senior Privilege Account
Axis Bank Senior Privilege Account is especially for Senior citizens. Senior citizens can get 15% discounts on treatment and medicines and get as well as offers. They can also get higher FD rates.
Features: Internet Banking, personal accident cover up to Rs. 2 lakh, Free cheque books, higher FD rates, Visa Debit Card
Eligibility: Citizens of India, The applicant should be 57 years or above, a senior ID Card, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Metro: ₹12000, Urban: ₹12000, Semi-Urban: ₹5000, Rural: ₹2500.
Monthly Average Balance: Nil.
Debit Card: Visa Debit Card
Interest Rate: 3.00% to 3.50% Per Annum.
8. Small Savings Account
Axis Bank Small Basic Savings Account has no minimum balance restriction and gets a Free RuPay debit card, monthly e-statements, and passbook. Get personal accident insurance of Rs. 1,00,000. But the Money Transfer Limit is ₹10,000 per month.
Features: Internet Banking, free monthly e-statement, personal accident insurance of Rs. 1,00,000, Free Rupay Debit card
Eligibility: Citizen of India, KYC documents Like an Aadhaar Card and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: Rupay Debit card (Free)
Interest Rate: 3.00% to 4.00% Per Annum.
9. Burgundy Digital Account
In Axis Bank’s Burgundy digital savings account you will get a free immediate debit card with a 1% cashback bonus and lots of rewards. Also, get personal accident cover up to Rs. 15 lakh and Air Accident Cover of ₹1 crore.
Features: Internet Banking, Free cheque books, Visa Debit Card, personal accident cover up to Rs. 15 lakh, Air Accident Cover of ₹1 crore.
Eligibility: Citizen of India, The applicant should be 18 years or above, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: ₹5 Lakh
Quarterly Average Balance: ₹10 Lakh
Debit Card: Visa Debit Card (Fee: ₹0)
Interest Rate: 3.00% to 4.00% Per Annum.
10. Insurance Agent Account
This Axis Bank’s Insurance Agent Account is created specifically for insurance Agents, for high transaction limits. This account comes with a Visa Platinum Debit Card and personal accident cover of Rs. 2 lakh.
Features: Internet Banking, high transaction limits, Free cheque books, Visa Platinum Debit Card, personal accident cover of Rs. 2 lakh.
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided families (HUF) are eligible, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: ₹5000.
Monthly Average Balance: ₹5000.
Debit Card: Visa Platinum Debit Card (Issuance Fee: ₹200, Annual Fee: ₹200)
Interest Rate: 3.00% to 3.50% Per Annum.
11. Prestige Digital Account
Axis Bank’s Prestige Digital Account comes with an Axis Prestige Cashback Debit card. This debit card offers a 1% reward on online shopping, gas, food, and travel. You can get Higher FD rates, personal accidental death cover of Rs. 10 lakh, and Air Accident Cover of ₹1 crore.
Features: Internet Banking, Higher FD rates, free monthly e-statement, Free cheque books, personal accidental death cover of Rs. 10 lakh, Air Accident Cover of ₹1 crore, Axis Prestige Cashback Debit card
Eligibility: Citizen of India, The applicant should be 18 years or above, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: ₹75000.
Monthly Average Balance: ₹75000.
Debit Card: Axis Prestige Cashback Debit card (Issuance Fee: Nil, Annual Fee: ₹500)
Interest Rate: 3.00% Per Annum.
12. Government Scholarship Account
Axis Bank Government Scholarship Account comes with free withdrawals and an unlimited cash deposit. You will also receive a Free Rupay Platinum Debit card. This account is specially for Government Scholarships and Yojana Schemes.
Features: Internet & Mobile Banking, free monthly e-statement, Free cheque books, Free Rupay Platinum Debit card, free withdrawals, unlimited cash deposit, daily ATM withdrawal limit of Rs.40,000.
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided families (HUF) are eligible, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: Nil.
Monthly Average Balance: Nil.
Debit Card: Rupay Platinum Debit card (Free)
Interest Rate: 3.00% to 3.50% Per Annum.
Axis Bank Savings Account interest rate
Before opening a Savings Account in Axis Bank, let us know what interest rate Axis Bank gives you. So Axis Bank gives you interest ranging from 3.00% to 3.50% annually, this interest rate is based on the amount you deposited. Axis Bank provides interest quarterly. For more details, you can refer table given below.
| Balance | Rate of Interest (2024) |
| Deposits Less Than Rs.50 lakh | 3.00% p.a |
| Deposits Rs.50 lakh to Rs.2000 crore | 3.50% p.a |
| Deposits above Rs.2000 crore | Overnight MIBOR + 0.70% |
Axis Bank Savings Account zero balance
Axis Bank Amaze Digital Savings Account is a zero-balance account but you need to pay ₹200/month or ₹2200/year Plan Charge. In this account, you don’t need to maintain a Monthly Average Balance. But you need to add Initial Account Opening Funding of ₹5,000 and get Instant E-Debit Card.
Suggestion: If you want to open a zero-balance Savings Account in Axis Bank then you can go with the Axis Bank Basic Savings account which is a part of the Pradhan Mantri Jan-Dhan Yojana Scheme. But in this account, there are some limitations.
Features: Internet & Mobile Banking, e-statement, Instant E-Debit card, On Physical debit card get personal accidental death cover of Rs. 5 lakh, Air Accident Cover of ₹1 crore.
Eligibility: Citizen of India, The applicant should be 18 years or above, Hindu undivided families (HUF) are eligible, KYC documents Like an Aadhaar Card, PAN Card, Passport, Voter ID Card, Driving Licence, and address proofs.
Initial Account Opening Funding: ₹5,000.
Monthly Average Balance: Nil.
Debit Card: Instant E-Debit Card & Physical Debit Card.
Interest Rate: 3.00% to 3.50% Per Annum.
Axis Bank Savings Account minimum balance
Axis Bank has tons of Savings Account types and they all have different Minimum Monthly Average balances. But generally, The minimum balance amount ranges from as low as Rs.2,500 to Rs.10,00,000/-. Also, there are 2-3 types of zero-balance Savings Accounts in which you don’t need to maintain a Monthly average balance.
Document Required for Open Saving Account in Axis Bank
No Documents, No Saving Accounts. If you are a citizen of India, 18 years or above, Hindu undivided family (HUF), then you are eligible to open a savings account in Axis Bank. But for this, you need some KYC documents and address proof for account opening.
Required Document for Open Saving Account:
- Proof of Age
- Two passport-size photographs
- Aadhaar card
- Address Proof
- Other ID Proof
- PAN Card
- Voter ID Card
- Valid Driving License
- Indian Passport
But if you want to Open a Digital Saving Account, then you only need to PAN Card, an Aadhaar card with a registered mobile number, and Video KYC, That’s it.
How to open an Axis Bank Savings Account
You can open your savings account in Axis Bank via online or offline mode. Either you can go to the nearest Axis Bank branch or just open the Axis Bank web portal or Axis Bank App to open your savings account.
But if you already know how to open a savings account in Axis Bank,
- You can go on the Axis Bank web portal, click on ‘apply online’,
- Submit your details like name, address, phone number, Branch, city, account type, etc.
- Complete your Video KYC.
- The Bank also sends you a welcome kit to your address.
Axis Bank Savings Account charges
Axis Bank is operating in the private sector. To maintain their services they need some healthy charges from customers. Please read the Pricing & Charge documents carefully before opening an account in a bank, Otherwise, you need to pay more for your mistakes.
| Charges | Prices |
| Account Service charges | ₹100 – 500 |
| ECS Debit failure charges | ₹500 |
| Debit card issuance charges | ₹150 |
| cheque bounce charges | ₹500 |
| Account closure charges | ₹500 |
* These charges may be different along with time.
Axis Bank Savings Account features
Axis Bank has some Premium features for Savings Accounts that can increase seamless banking experience.
- Axis Bank assures A secure way to keep safe your money.
- A low opening deposit and minimum Monthly Average Balance.
- Men, Women, senior citizens, and children can own accounts.
- Enjoy seamless banking transactions anywhere in the world.
- Free internet and mobile banking.
- Free Chequebook.
- Premium Debit Cards.
- Free Personal Accident cover.
- Air Accident Cover.
- large transaction limits.
- Discounts and Rewards on online shopping, cinema tickets, food, and travel.
Read More: Commodity vs Security: The True Difference
Axis Bank Savings Account statement
It is time to move on to E-Statement, no need to waste papers and time. Now, Axis Bank’s new and existing users can easily download e-statements online. Follow these steps:
- Just go to Axis Bank’s website and search for the e-statement download form.
- Fill out the online e-statement download form.
- the user can get an e-statement download easily on his phone or PC.
Axis Bank Savings Account closure form
Yes, you can close an Axis Bank account but offline. nearly all banks do not allow you to close an account online. For account closure, You must bring the closure form with your passbook, debit card, and chequebook to your bank’s home branch.
If you close your Axis Bank Account between 14 days to 1 year, then you should pay Charges of Account closure. But, if an account is closed after 1 year or within 14 days of account opening, then you don’t need to pay any charges.
Services Provide By Axis Bank
Axis Bank Provides Services like Digital Savings Accounts, Digital Salary Accounts, Digital Current Accounts, Zero Balance Savings Accounts, Open Fixed deposit (FD), Credit Card, Fastag, Car Loan, Personal Loans, Business Loans, Home Loan, Two Wheeler Loans, Overdraft Against FD, Demat and Trading Account, Forex Card, Digital Gold, Loan Against Securities etc.
For More Details Follow Axis Bank
FAQs
Is there a minimum balance requirement for opening a Savings Account in Axis Bank?
Yes, excluding zero-balance savings accounts other Axis Bank Savings Accounts have different Minimum balances between Rs.2,500 to Rs.10,00,000.
What types of Savings Bank Accounts offer Axis Bank?
Axis Bank offers tons of Savings Account types according to customer’s needs. Axis Bank has Amaze Digital Savings Accounts, Easy Access Savings Accounts, Women’s Savings Accounts, Pension Savings Accounts, Youth Accounts, Future Stars Saving Accounts, Prestige Digital Accounts, Burgundy Digital Accounts, Senior Privilege Savings Accounts, and Government Scholarship Accounts.
What is the Axis Bank Basic Savings Account’s interest rate?
The Axis Bank’s Basic Savings Account has a 3.50% to 4% interest rate that is calculated on the daily balance. Axis Bank provides interest quarterly.
What is the minimum balance requirement for opening an Axis Bank Pension Savings Account?
You don’t need to pay the Initial funding or maintain a quarterly minimum balance for Axis Bank Pension Savings Account.
What is the withdrawal limit of Women’s Savings Account in Axis Bank?
The Women’s Savings Account has a daily ATM withdrawal limit of Rs 40,000 with a Rupay Platinum Debit Card and a daily shopping transaction limit of Rs 10,000.
What is the age limit to open the Senior Privilege Savings Account?
For apply the Senior Privilege Savings Account, the applicant must be a minimum of 57 years or above.
What is the interest rate of Axis Bank Savings Account?
Axis Bank gives you interest ranging from 3.00% to 3.50% annually. if you deposit Less Than Rs.50 lakh you will get 3.00% Interest and above Rs.50 lakh to Rs.2000 crore you will get 3.50%.