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.
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%) |
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.
Here are the eligibility criteria for opening a savings account in Axis Bank-
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 |
Here is the list of the types of Axis savings accounts-
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.
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/-.
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.
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.
Senior folks can receive preferred treatment at Axis Bank branches, as well as interesting discounts and offers, by opening a Senior Privilege 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.
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.
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.
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.
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.
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.
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.