Axis Bank Savings Account

0 Reviews

Write Review

Axis bank savings account

A savings account is the most common form of an interest-bearing deposit account which is held with a bank or NBFC that provides a nominal interest rate. A savings account is often the first bank account for many people.

The most common use for a savings account is to save money for specific or daily expenses. Savings accounts helps keep a track of all the transactions made by the account holder. It also encourages a habit of savings. Money transfers are made easy when you have a savings account. A savings account is also used as a means to store the cash safely.

There are various fees associated with a savings account unless you maintain a particular balance each month. The minimum balance required, interest rate and fees and charges vary from bank to bank. In general, there is a limit on the number of withdrawals you can make from the account each month. The advantage of having a savings account is that you can avail of various banking services.

There are some downsides to a savings account as well. Savings accounts are not lucrative in the sense that they are the least profitable type of short-term investments. The interest on a savings account is far less when compared to that of an FD account. Though they are liquid investments and easily accessible in times of need, they offer low yields in comparison to other lucrative form of savings.

Axis Bank Savings Account

An Axis Bank savings account provides a host of banking benefits including reward points for various transactions, lifestyle and privilege offers, trading and portfolio solutions, flexible easy accounts management, special banking facilities for senior citizens, along with a competitive interest rate. You can make quick utility bill payments via NetBanking, and enjoy various features in convenience banking with an Axis Savings Account.

Features and Benefit of Axis Savings Account

There are various benefits to having a savings account with Axis Bank. Following is an overview.

  • Safety and security when you store your cash in a savings account
  • Different savings account for different needs.
  • Access your account with ease via Net Banking, Mobile Banking and SMS Banking facilities.
  • Enjoy free utility Bill Payment via NetBanking
  • Get unlimited access to ATMs all over India
  • Get rewarded for savings
  • Get a free Debit cum ATM card
  • Earn a higher return of up to 4% p.a. on your Axis Bank Savings Account, enabling your savings to grow faster.

Types of Axis Bank Savings Accounts

EasyAccess Savings Account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal Rs. 40,000 & Daily Shopping limit of Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • 5 Cash transactions or up to Rs.10 lakh, whichever is earlier, free per month
  • Enjoy up to 15% discount at over 4000 restaurants
  • eDGE Loyalty Reward Points

Prime Plus Savings Account

  • MasterCard Titanium Prime Plus Debit Card
  • Daily ATM Withdrawal- Rs. 50,000 & Daily Shopping-Rs.1 Lakh
  • 2 multicity cheque books free per quarter
  • 20 free branch transactions per month without any limit on value
  • 10% Cash-back on Movie Tickets
  • Earn up to 180 eDGE Loyalty Reward points annually for paying your monthly bills through ECS

Prime Savings Account

  • Secure Plus Debit Card
  • Daily ATM Withdrawal- Rs. 50,000 & Daily Shopping-Rs. 75,000
  • Emergency Travel/Hotel Assistance of up to Rs. 80,000.
  • Unlimited cheque books and DD/POs free
  • 10 Cash transactions or up to Rs.25 lakh, whichever is earlier, free
  • Unlimited ATM transactions at all Axis Bank and other banks' ATMs
  • Preferential Pricing on Lockers and De-Mat

Women's Savings Account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • 5 Cash transactions or up to Rs.10 lakh, whichever is earlier, free per month
  • Monthly Spends Tracker for management of expenses
  • Enjoy up to 15% discount at over 4000 restaurants

Senior Privilege Savings Account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • 5 Cash transactions or up to Rs.10 lakh, whichever is earlier, free per month
  • Up to 50% Discount at premium Health-Care centers with your Senior Citizen ID Card
  • Personalized Senior Citizen ID Card for emergency use and availing discounts

Future Stars Savings Account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal- Rs. 1,500 & Daily Shopping-Rs. 1,000
  • 1 multicity cheque book free per quarter
  • 5 Cash transactions or up to Rs.10 lakh, whichever is earlier, free per month
  • Personalized image debit card
  • Free ATM Card for children under 10 years of age

Pension Savings Account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal- Rs.40,000 & Daily Shopping-Rs.1 Lakh
  • Free & Unlimited multicity cheque books
  • Nil charges on DD/PO issuance
  • Unlimited Cash transactions with no cap on value

Trust/NGO Savings Account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • Unlimited free cheque-books
  • Unlimited free branch cash transactions (subject to conditions)
  • Enjoy up to 15% discount at over 4000 restaurants
  • eDGE Loyalty Reward Points

Insurance Agent Account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • 5 Cash transactions or up to Rs.10 lakh, whichever is earlier, free per month
  • Enjoy up to 15% discount at over 4000 restaurants
  • eDGE Loyalty Reward Points

YOUth Account

  • Visa Classic YOUth Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • 4 Cash transactions free per month
  • Personalized image debit card
  • Enjoy up to 15% discount at over 4000 restaurants
  • Axis Savings Account Minimum Balance

Basic Savings Account

  • Rupay Debit Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • Cash deposits free up to Rs.1 lakh & 4 withdrawals free per month

Small Basic Savings Account

  • Rupay Debit Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • Cash deposits free up to Rs.1 lakh & 4 withdrawals free per month

Inaam Personal account

  • Visa Classic Debit Card
  • Daily ATM Withdrawal- Rs. 40,000 & Daily Shopping-Rs.1 Lakh
  • 1 multicity cheque book free per quarter
  • Rs. 200,000 of deposit/withdrawal or 20 free branch transactions free per month
  • Enjoy up to 15% discount at over 4000 restaurants
  • eDGE Loyalty Reward Points

Axis Savings Account Minimum Balance

The minimum balance required in Axis savings account differs with each kind of account. It is advisable to contact the bank directly for details. Following is an overview:

Type of Savings Account Balance Required
EasyAccess Savings Account Metro/Urban branches: Average Monthly Balance (AMB) Rs. 10,000
Semi Urban: AMB Rs. 5,000
Rural: HAB Rs. 2,500
Prime Plus Savings Account AMB Rs. 1,00,000
Prime Savings Account Metro/Urban branches: AMB Rs. 10,000
Semi Urban: AMB Rs. 5,000
Rural: HAB Rs. 2,500
Women's Savings Account Metro/Urban branches: AMB Rs. 10,000
Semi Urban: AMB Rs. 5,000
Rural: HAB Rs. 2,500
Senior Privilege Savings Account Metro/Urban branches: AQB Rs. 10,000
Semi Urban: AQB Rs. 5,000
Rural: HAB Rs. 2,500
Future Stars Savings Account Metro/Urban/ Semi Urban Branches: AMB Rs. 2,500
Rural: HAB Rs. 1,000
Pension Savings Account Initial Funding: Rs. 1000
Insurance Agents Savings Account AMB Rs. 5,000
Youth Savings Account Initial Funding: Rs. 3000
Basic Savings Account -
Small Basic Savings Account -
Inaam Personal account AMB Rs. 10,000

Axis Savings Account Interest Rate

Axis savings account comes with interest rates of up to 4%, depending on the daily balance, and the amount in your account. Do keep in mind that the rates are subject to change at the sole discretion of the bank.

Axis Bank Savings Account Charges

Different Axis Bank savings accounts have a different schedule of charges. It is better to contact Axis Bank directly for the most up to date charges.

How to open an Axis Bank Savings Account

Axis Bank savings account opening is easy and hassle-free with options to open an account online or in person at the nearest branch.

You can walk into your nearest Axis Bank branch with your KYC documents or choose to apply for a savings account online and upload the required documents.

Axis Bank Savings Account FAQS

What is the best interest rate on an Axis Bank saving account?

The interest rates can go up to as high as 4%. For the latest interest rates, it is better to contact the nearest Axis Bank branch.

Who is eligible to open a basic savings account with Axis?

An individual residing in India, HUF, minors (with the declaration of the parent / guardian) are eligible to open an Axis bank savings account.

Is it possible to open an Axis Bank savings account online?

Yes, absolutely. Just log on to their website, select the required savings account as per your savings needs, and apply!

Customer Reviews