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What is a savings account?

Axis Bank Savings Account

A Savings Bank Account encourages individuals to save a part of their earnings and provides the benefit of receiving a nominal interest on their savings. A savings account can be opened by any individual irrespective of their age or income. Banks in India provide special offers and benefits to attract customers to deposit their earnings in various types of savings bank accounts.

Why Axis Bank Savings Account?

There are various benefits to having a savings account with Axis Bank

  • A safe way to store your hard-earned money
  • Wide range of savings account products to suit individual needs
  • Ease of accessing your account from anywhere anytime through a wide range of options – Netbanking, Mobile banking, Phone banking, etc;
  • Exclusive accounts for women, senior citizens and kids
  • Exclusive accounts with high transaction limits, free cheque books, etc.
  • Offers and benefits on online shopping, movie tickets and travel tickets

Types of Axis Bank Savings Accounts

ASAP Instant Savings Account

  • Provides instant account
  • Free virtual debit card for online shopping
  • Auto-sweep facility for balances above Rs.10000 into Flexi Fixed Deposit
  • Instant fund transfers to friends and family at no charges
  • Convenient utility bill payments at your fingertips
  • Great savings and offers for online shopping

EasyAccess Savings Account

  • Easy access to all your account transactions with low opening deposit
  • Personal Accident Insurance coverage for all account holders
  • eDGE Loyalty Rewards for transactions that can be redeemed against 500+ rewards and offers
  • Convenient banking with RuPay Platinum Debit card

Prime Savings Account

  • Higher transaction limits
  • Free and unlimited demand drafts
  • Unlimited cheque books
  • Free Secure Plus Debit card to cater to your shopping needs
  • Personal Accident Insurance cover of up to Rs.5 lakhs with Secure Plus Debit card

Prime Plus Savings Account

  • Free Prime Plus Debit card
  • Up to 25% discount on locker rents
  • 10% cashback on movie tickets with a minimum cashback of Rs. 1000 per year for the movie buff in you
  • High transaction limits – up to 20 free transactions every month, at any Axis Bank branch
  • eDGE Loyalty Rewards for transactions that can be redeemed against 500+ rewards and offers
  • Personal Accident Insurance cover of up to Rs. 3 lakhs

Women’s Savings Account

  • Simplifies banking for today’s independent women
  • Low opening deposit of just Rs. 10000 and eDGE reward points for every completed transaction
  • Personal Accident cover of up to Rs.2 lakhs
  • Visa Classic Debit card for low issuance charges

Senior Privilege Savings Account

  • Higher interest rates on FDs
  • Up to 50% discount on 200+ leading diagnostic centres and 15% off at 1000+ Apollo Pharmacies across the country
  • Convenient bill payments at any Axis Bank branch with one-time registration
  • Priority customer care at all branches with an exclusive Seniors ID Card
  • A power packed debit card with access to over 13000 Axis Bank ATMs, daily withdrawal limit of up to Rs. 40000 and shopping limit of up to Rs. 100000

Future Stars Savings Account

  • Specifically designed for children under the age of 18 years to teach them the importance of savings
  • Visa Classic Debit card, which can be personalized, for all account holders at a nominal charge
  • Personal Accident Insurance Cover for the account holder

Pension Savings Account

  • Aims to provide quick and hassle-free banking solutions for pensioners
  • Ease of banking with a Visa Classic Debit card with daily cash withdrawal limits of Rs. 40000 and Rs. 100000 for shopping transactions
  • Free unlimited multi-city cheque books
  • Avail DDs at no charges
  • Unlimited cash transactions of any value every month
  • Free and unlimited transactions at all Axis and non-Axis ATMs

Trust/NGO Savings Account

  • Exclusively designed for Trusts and NGOs to complete a banking solution
  • Free and unlimited DDs/POs, NEFT//RTGS and cash transactions
  • Customized to ease donation collections and vendor payments
  • Value-Added Services for FCRA Accounts and Trust Employees Salary accounts

Insurance Agent Account

  • Specifically designed for customers in the Insurance Agency business
  • Low minimum balance requirements and higher daily withdrawal limits
  • Visa Classic Debit card at a nominal charge
  • Personal Accident cover of Rs. 2 lakhs

Youth Account

  • Personalized Youth Debit Card with access to multiple deals and discounts
  • Banking at your fingertips with the Youth mobile app
  • eDGE Loyalty rewards for every completed transaction

Basic Savings Account

  • A basic savings bank account with a zero-balance requirement
  • Free RuPay Debit card with every account
  • Enjoy free cash deposits and access to a wide network of Axis Bank branches and ATMs across the country
  • Small Basic Savings Account
  • Convenient banking with a zero-balance requirement
  • Free Rupay Debit card with every account for cash withdrawal at ATMs and shopping at retails outlets and online
  • Personal Accident cover for all account holders

Priority Account – Resident

  • An exclusive savings account that gives huge offers and benefits on entertainment, dining, travel and shopping
  • Priority Platinum Debit card for all account holders
  • Dedicated Relationship Manager
  • Special discounts on locker rents
  • 2x eDGE rewards for shopping

Priority Account – NRI

  • Exclusive access to Axis Bank Premium branches and lounges wherever present in India
  • A Personal Relationship team for all your banking needs
  • International Priority Platinum Debit card without any charges

Inaam Personal account

  • Provides hassle-free multi-mode banking - Now Transfer funds, pay bills, and get account details through Netbanking, Mobile banking and e-statements
  • 1 free personalized cheque book per quarter
  • Visa Classic Debit card at low issuance charges
  • Avail waivers on inward wire charges for SWIFT transactions
  • Get special discounts on Asset Maintenance charges for one year on your Demat account

Krishi Savings Account

  • A Savings account specially initiated for farmers and others employed in the farming sector in semi-urban and rural areas.
  • An International Master Debit Card is issued to every account holder
  • Enjoy banking anywhere and anytime through a wide network of Axis Bank branches and over 10000 ATMs across the country
  • At-par cheque book facility
  • Earn Axis eDGE reward points for all completed transactions

Axis Bank Savings Account Minimum Balance

Axis Bank specifies different Average Monthly Balance (AMB) to be maintained for different savings bank accounts based on the account type and the customer category it caters to. Following are the amounts to be maintained in savings accounts against each type.

Savings Account TypeMinimum Balance Amount
ASAP Instant Savings AccountNA (check bank website for details)
EasyAccess Savings AccountRs.10,000
Prime Savings AccountRs.25,000
Future Stars Savings AccountRs.2,500
Prime Plus Savings AccountRs.1,00,000
Women's Savings AccountRs. 10,000
Senior Privilege Savings AccountRs. 10,000
Pension Savings AccountNil
Trust/NGO Savings AccountRs. 25,000
Insurance Agent AccountRs.5,000
Youth Savings Account-
Basic Savings AccountNil
Small Basic Savings AccountNil
Krishi Savings AccountRs. 2.500 (half-yearly) for semi-urban and rural centres

Axis Bank Savings Account Interest Rate

Axis Bank savings account comes with interest rates of 3.5% p.a. for balances below Rs. 50,00,000, which is credited on a quarterly basis. For balances above Rs. 50,00,000, you earn an interest of 4% p.a.

Fees & Charges

Banks charge various fees & charges to maintain your savings accounts. It also varies depending on the type of account. Some of the charges are given below

Savings Account TypeFees & Charges
Account Service charges (monthly)Rs. 100 – 500
Debit card issuance chargesRs. 150 (NIL on a few account types)
Account closure chargesRs. 500
Inward cheque return chargesRs.500
ECS Debit failure chargesRs.500
Standing Instructions failure chargesRs. 50

How to open an Axis Bank savings account?

Indian citizens and Hindu Undivided Families (HUF) are eligible to open an Axis Bank Savings account. Details about opening an account are available on their personal banking website. Alternatively, you can walk into any of the 3000+ Axis Bank branches across the country to open an account. You need a few basic documents to complete the process.

Documents required for opening an account

  • A duly filled account opening form, signed by all the applicants
  • Address proof
  • Identity proof
  • Recent passport size photographs

However, the documents required for account opening might change from time to time and it is advisable to check with the bank for the latest requirements.

About Axis Bank

Axis Bank offers a wide range of customisable and personalized features and benefits to all its Savings Bank account holders. Customers can access their accounts conveniently from any of its 2300 branches or from over 11,000 ATMs across the country.

Axis Bank Savings Account FAQ

1. Is there a minimum balance requirement for opening a Savings Account with Axis Bank?

Yes, there is a minimum balance requirement for opening a Savings Account. It differs for each account. Please check with the customer service executive who will explain to you the requirements for opening an account.

2. Who is eligible to open a savings account with Axis Bank?

Any Indian Citizen and Hindu Undivided Families are eligible to open a savings account.

3. What are the types of savings account available with Axis Bank?

Axis Bank offers various types of savings bank accounts that are specifically designed to suit individual needs. A few of the accounts offered are ASAP Instant Savings Account, EasyAccess Savings Account, Prime Savings Account, Future Stars Savings Account, Pension Savings account, etc; Please contact your nearest Axis Bank branch to talk to a customer service executive to choose the right account type.

4. Is there a charge to avail debit card with savings account?

Many of the savings bank accounts offer free debit cards to all account holders. Some of the accounts charge a very nominal fee to avail a debit card

5. What is the benefit of opening a Basic Savings Account?

A Basic Savings Account is a zero-balance account that offers free RuPay Debit card for all your transactions. Customers can also subscribe to the free SMS Alerts facility and get a passbook to track all their transactions.

Latest & Update Axis Bank Savings Account News

Axis Bank Introduces Whatsapp Banking for the Convenience of Customers31 Mar 2021

Looking for an easy, hassle-free way to manage your Axis Bank account? Check out the Whatsapp banking feature introduced by the bank. To start accessing your bank account via Whatsapp, Axis Bank customers have to send “Hi” on Whatsapp to 70361 65000....

Read more

Looking for an easy, hassle-free way to manage your Axis Bank account? Check out the Whatsapp banking feature introduced by the bank. To start accessing your bank account via Whatsapp, Axis Bank customers have to send “Hi” on Whatsapp to 70361 65000. Customers can get details regarding account balance, recent transactions, FDs, RDs, credit card payments, nearest ATM, and more. Customers can also block credit/debit card in real-time using the Whatsapp channel.

Enjoy Hands-free Payments without a Wallet or Credit/Debit Card using Axis Bank Wearables26 Mar 2021

Looking for an easy way to pay for your purchases? Check out Axis Bank’s range of “Wear N Pay” devices. Available in the form of payment bands, wrist loops and key fobs, customers can use these wearables to pay for their purchases without using a cre...

Read more

Looking for an easy way to pay for your purchases? Check out Axis Bank’s range of “Wear N Pay” devices. Available in the form of payment bands, wrist loops and key fobs, customers can use these wearables to pay for their purchases without using a credit/debit card or cash. Paving the way for cashless and contactless transactions, these devices are available at Axis Bank branches for a price of just Rs. 799. The devices work on NFC technology and are linked to the bank account of the customer. Axis Bank offers 10% cashback and other rewards for the first three transactions using these devices. The annual fee is set at Rs. 500 for each contactless payment device.

Axis Bank Savings Account - Customer Reviews

4 / 5 (35 Reviews)
25 Sep 2020

Usefulness of information,good

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