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Axis Bank Current Account

Axis Bank Current Account Interest Rate

Last Updated 15th Jan 2021

Axis BankNormal Current Account
Minimum Account BalanceRs. 10,000
Non Maintenance Charge Rs. 3 per 1,000 and a charge of Rs. 75
Cash Withdraw LimitRs. 1 Lakh per day
Interest RateNil

Salient Feature of Axis Bank Current Account:

  • Free cash deposit upto Rs. 2 Lakh per month at home branch
  • Daily intercity cash withdrawal upto Rs. 1 Lakh at non home branch
  • Compare the Current Account features of Axis Bank with other banks and pick the best bank for yourself.
  • Walk in the nearest Axis Bank branch to open a Current Account and avail quality services.
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Axis Bank Current Account Minimum Balance and Charges

Axis Bank Bank Current Account Axis Bank Bank Current Account Minimum Balance Non Maintenance Charges
Normal Current AccountRs. 10,000Rs. 3 per 1,000 and a charge of Rs. 75
Local Current AccountNILN/A
Business Advantage Current AccountRs. 25,000Rs. 3 per 1,000 and a charge of Rs. 1,000
Resident Foreign Currency Domestic AccountN/AN/A
Business Priviledge AccountRs. 5 Lakh Rs. 3 per 1,000 and a charge of Rs. 3,500

Axis Bank Account Details – Current Account

Axis Bank Current Accounts have been customised to meet the varied customer needs. Current Account are business accounts which provide unlimited daily transactions along with personalised services to help the businessmen and self employed professionals such as doctors, consultants, chartered accountants to conduct daily bank transactions. Axis Bank also offers an overdraft facility under which a credit limit is offered to allow you to withdraw money as and when required to meet your working capital requirements.

Axis Bank Current Account Products

Normal Current Account

  • Free cash deposit upto Rs. 2 Lakh per month at home branch
  • Daily intercity cash withdrawal upto Rs. 1 Lakh at non home branch
  • Minimum balance requirement is Rs. 10,000
  • Charges for non maintenance of the minimum balance is Rs. 3 per 1,000 and a charge of Rs. 75
  • Cash withdrawal limit is Rs. 1 Lakh per day

Local Current Account

  • Annual Charges of Rs. 1,999 plus service tax
  • Free cash deposit upto Rs. 3 Lakh per month at home branch
  • Minimum balance requirement is NIL

Business Advantage Current Account

  • Free cash deposit upto Rs. 3 Lakh per month at home branch
  • 50 cheque leaves free per month
  • Minimum balance requirement is Rs. 25,000
  • Charges for non maintenance of the minimum balance is Rs. 3 per 1,000 and a charge of Rs. 1,000
  • Cash withdrawal limit is Upto Rs. 3 lakhs per month

Resident Foreign Currency Domestic Account

  • No Commission charges for foreign currency transactions
  • Resident Indians can maintain foreign currency without any ceiling or interest implications
  • Non interest bearing current account in USD, EURO, GBP and Japanese Yen
  • Minimum balance requirement is N/A
  • Individuals who have acquired foreign currency in the form of currency notes, bank notes and travellers cheques
  • Resident Indians can bank with foreign currency holdings of upto USD 2000

Business Priviledge Account

  • Free cash deposit upto Rs. 60 Lakh per month at home branch
  • 500 cheque leaves free per month
  • Minimum balance requirement is Rs. 5 Lakh
  • Charges for non maintenance of the minimum balance is Rs. 3 per 1,000 and a charge of Rs. 3,500
  • Cash withdrawal limit is Upto Rs. 25 lakhs per month

Axis Bank Current Account Eligibility

To open a Axis Bank Current account, one needs to fulfil the following eligibility criteria:

  • The individual applying for a current account requires authentic KYC documents.
  • It can be opened by sole proprietors, partnerships, co-operative societies, Trustors, administrations and documentation.
  • Further, Axis Bank requires a minimum account balance of Rs. 10,000 to be maintained in its current account.

Axis Bank Current Account Opening Procedure

A current account facility can be availed in any bank through both online and offline procedures. The online process to open a current account is more time saving and easy.

Online Process:

  • Visit the Bank's website or the Bank's online current account portal.
  • Select the 'Open current account' option.
  • Fill in the personal details in the current account application form.
  • Download the application form and submit the printed copy in the Bank on your next visit.

For the offline process, one needs to visit the nearest Bank in person, with the required documents.

Axis Bank Current Account Opening Documents

  • Proof of identity – PAN card, voter ID card, passport, driving license
  • Proof of address
  • Recent Colour Photograph
  • PAN/Form 49 A along with Form 60 if applied for PAN
  • Account opening Cheque from existing Savings/Individual Current Account

FAQs

How much interest is offered by Axis Bank on Current Account?

Axis Bank like any other Current Account does not offer an interest on the account.

What is the minimum amount required for opening Current Account in Axis Bank?

Axis Bank Current Account minimum balance is Rs. 10,000.

How to open a Current Account online with Axis Bank?

To open a Current Account online you can visit the website of Axis Bank and choose from the wide range of Current Account products offered by Axis Bank. Click the “apply now” option, fill in your details, and submit. The bank representatives will contact you for further information and for processing your account application form.

What are Axis Bank Current Account charges on non maintenance of balance?

The Balance Non Maintenance Charges on Current Account by Axis Bank are Rs. 3 per 1,000 and a charge of Rs. 75.

What are the Axis Bank cash withdrawal limit on Current Account?

The cash withdrawal limit on Axis Bank Current Account is Rs. 1 Lakh per day.

Does Axis Bank offer Debit/credit card to the account holder?

Yes, Axis Bank offers debit card or credit card to its Current Account holders. The type and features of these debit cards or credit cards may differ with the Current Account you choose to open.


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