Axis Bank Savings Account

Axis Bank provides consumers with a wide range of savings accounts, as well as personalized services, and appealing incentives. Axis Bank savings account offers interest rates starting at 3.00% p.a.

Customers may plan and track their money, as well as save significantly and receive interest on their savings. With a plethora of options, Axis Bank customers can open a savings account that is best suited for managing their finances. 

Axis Bank savings accounts can be accessed at any of the country's 11,500 Axis Bank ATMs or 2300 Axis Bank locations. In most cases, Axis Bank waives the minimum balance requirement if the account holder has a fixed deposit or recurring deposit with the bank for at least a year.

Axis Bank Saving Account Interest Rate 2024

Balances

Axis Savings Account Interest Rate

Below Rs. 50 lakhs

3.00% p.a

Rs. 50 lakhs - Rs. 10 crore

3.50% p.a

Rs. 10 crore - Rs. 100 crore

3.50%

Rs. 100 crores - Rs. 200 crores

Repo + (-0.50%)

Rs. 200 crores - Rs. 2,500 crores

Repo + (0.50%)

Features of the Axis Bank Savings Account

  • A secure way to keep your hard-earned money.
  • Individual demands are met by a diverse choice of savings account solutions.
  • Special accounts with large transaction limits, complimentary check books, and so on.
  • Discounts and deals on online shopping, cinema tickets, and travel tickets.
  • Access your account from anywhere, at any time, using a variety of methods such as net banking, Mobile Banking, and Phone Banking.
  • Women, senior folks, and children have their own accounts.

Axis Bank Savings Account Opening

Customers can use the Axis Bank web portal to compare and simply open an Axis Bank savings account of their choice. The website's 'Apply online' function directs users to an application form that must be completed and submitted.

Personal information such as name, phone number, address, preferred branch, and city, as well as the type of savings, and account requested, must be submitted. These particulars must be checked and then submitted. 

All required documentation must also be included with the application. Axis Bank provides new account holders with a welcome kit as part of the initiation program. When a savings account is opened, a debit card is also provided that is specific to the type of savings account chosen.

Documents Required to Open a Savings Account with Axis Bank

  • Two passport-sized photos (All applicants)
  • Proof of Age
  • Joint account applications require ID verification documents from both applicants, as well as address evidence from the principal account holder, complemented by proof of relationship between both holders.
  • Address Proof - Utility bill, Aadhaar, and more.

Who Can Open an Axis Bank Savings Account?

Here are the eligibility criteria for opening a savings account in Axis Bank-

  • The individual should be a citizen of India.
  • The applicant should be of 18 years or above except in case of minor savings account.
  • Hindu undivided families are eligible for opening a savings account in Axis Bank.
  • All the KYC documents, address proof and account opening form should be submitted by the applicant.

Charges of the Axis Bank Savings Account

Account Service charges

Rs. 100 – 500

Account closure charges

Rs. 500

ECS Debit failure charges

Rs. 500

Debit card issuance charges

Rs. 150

Inward cheque return charges

Rs.500

Standing Instructions failure charges

Rs. 50

Types of Axis Bank Saving Accounts

Here is the list of the types of Axis savings accounts-

1) Easy Access Savings Account

With a 4% interest rate on daily balances paid quarterly, this account is ideal for getting started with savings.

The online and mobile capabilities provided by Axis Bank make it easy to access this account and track account costs. If created in a metropolis, these accounts require a minimum deposit of Rs 10,000. This account usually comes with a Visa Classic debit card.

2) Future Stars Account

With an Axis Bank Future Stars Savings Account, parents may plan and save for their child's future. This account is intended for children who are under the age criteria of 18 and must be operated by a parent or guardian.

If the youngster is under the age of ten, a free ATM card with a daily withdrawal limit of Rs 1500/- and a cheque book in the guardian's name will be supplied. In Metro cities, the Future Stars Savings Account requires a minimum starting deposit and a monthly balance of Rs 2500/-.

3) Prime Account

Axis Bank Prime Savings Accounts provide enhanced access and higher transaction limits. Along with a Prime savings account, a MasterCard Titanium Debit Card is issued.

4) Pension Account

The Pension Savings Account was created specifically for retirees from the Central Government and Civil and Defense Ministries. There is no average quarterly minimum balance requirement for the pension amount, and the Central Civil Pension would be paid into this account.

5) Senior Privilege Account

Senior folks can receive preferred treatment at Axis Bank branches, as well as interesting discounts and offers, by opening a Senior Privilege Savings Account.

6) Ordinary Savings Account

Axis Bank's Basic Savings account includes a free Rupay Debit card and a zero balance facility. Customers may follow their account activity with free SMS alerts and a passbook.

7) Insurance Agent Account

This savings account was created specifically for insurance brokers, with a low minimum opening deposit of Rs 5000/-. This account comes with a Visa Classic Debit card.

8) Small Savings Account

Get started with your savings with an Axis Bank Small Basic Savings Account, which has no minimum balance restriction. This account comes with a RuPay debit card, and customers may conveniently check their expenses with monthly e-statements or passbooks.

9) Burgundy Digital Account

When you start a Burgundy digital savings account, you will receive a free immediate debit card with a 1% cashback bonus. You will also receive 15% cashback when you use this credit card to shop at Amazon and Flipkart.

10) Liberty Account

The account allows you to either spend or keep a balance (minimum) of Rs.25,000 per month. You will receive 5% cashback on weekend travel, retail, entertainment, and food purchases.

11) Prestige Digital Account

You would get a free immediate e-debit card with this savings account. This debit card offers a 1% reward on online shopping, gas, and travel purchases. Additionally, you will receive 12.5% cashback on Flipkart and Amazon.

12) Government Scholarship Account

You will receive a Rupay Platinum Debit card with a daily ATM withdrawal limit of Rs.40,000 as part of the Government Scholarship Savings Account. You will also receive four free withdrawals each month, as well as an unlimited cash deposit.

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