Axis Bank Saving Account

Last Updated 11th Jan 2019

Axis Bank Savings Account Interest Rate India Jan 2019

Axis Bank Basic Savings Account
Interest Rate Upto Rs. 50 Lakh : 3.50%
Above Rs. 50 Lakh : 4.00%
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Minimum Account Balance Nil
Debit Card RuPay Debit Card
  • 1 multicity cheque book free per quarter

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Saving Account in Axis Bank – Benefits

You get the following benefits while opening Savings Account with Axis Bank

Nomination facility Yes
Passbook facility Yes
Chequebook facility Yes
Issuance of Debit Card Yes
Internet Banking Yes
Mobile Banking Yes
Fund Transfer Yes
DD Pay Orders Yes

Axis Bank Saving Account – charges

Balance non maintenance charges : None

Axis Bank Savings Account

Axis Bank offers an interest rate of 3.50% - 4.00% p.a. Axis Bank also offer accounts to meet the specific requirements of salaried, women, kids and senior citizens.

Product Name Minimum Age Minimum Balance Required
Easy Access Savings Account 18 years Rs. 10,000
Prime Plus Savings Account 18 years Rs. 1,00,000
Prime Savings Account 18 years Rs. 25,000
Women's Savings Account 18 years Rs. 10,000
Senior Privilege Savings Account 57 years Rs. 10,000 in metros and urban centers Rs. 5,000 in semi urban centers Rs. 2,500 in rural centers
Future Stars Savings Account 10 years Rs. 2,500 in metros
Pension Savings Account 18 years Nil
Trust/NGO Savings Account Rs. 25,000
Insurance Agent Account 18 years Rs. 5,000 in metros
Youth Account 18 years Nil
Basic Savings Account 18 years Nil
Small Basic Savings Account 18 years Nil

Axis Bank Savings Account Products

Easy Access Savings Account

Access your bank account without any hassle and track your account expenses with Easy Access Savings Account.

This account is for resident Indians of 18 years of age and above

Features of Easy Access Savings Account

  • 1 multicity cheque book free per quarter
  • Personal Accident Insurance Cover of up to Rs. 2 Lacs
  • Minimum 15 percent off at our partner restaurants
  • eDGE Loyalty Reward Points

Debit Card Offered : Visa Classic Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal Rs. 40,000

Balance Non Maintenance Charges : Monthly Service Fee of Rs. 10 per Rs. 100 of shortfall or Rs. 350, whichever is lower

Prime Plus Savings Account

Feel exclusive and enjoy higher transaction limits, preferential pricing and entertainment benefits.

This account is for resident Indians of 18 years of age and above

Features of Prime Plus Savings Account

  • 10 percent cash back on movie tickets
  • Earn up to 180 eDGE Loyalty Reward points annually for paying your monthly bills through ECS
  • 2 multicity cheque books free per quarter
  • 25 percent discount on locker rent

Debit Card Offered : MasterCard Titanium Prime Plus Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal of Rs. 50,000

Balance Non Maintenance Charges : Monthly Service Fee of Rs. 5 per Rs. 100 of shortfall or Rs. 350, whichever is lower

Prime Savings Account

Enhanced access and higher transaction limits.

This account is for resident Indians of 18 years of age and above

Features of Prime Savings Account

  • Personal Accident Insurance Cover upto Rs. 5 Lacs
  • Opening a Recurring Deposit account of Rs. 2,000 or more
  • Unlimited Cheque books, DDs without any charge

Debit Card Offered : Secure Plus Debit Card

Balance Non Maintenance Charges : Monthly Service Fee of Rs. 5 per Rs. 100 of shortfall or Rs. 350, whichever is lower

Women's Savings Account

Empowering the woman of today with financial independence and simplified banking.

This account serves only women Indian Residents above the age of 18 years

Features of Women's Savings Account

  • Enjoy up to 15 percent discount at over 4000 restaurants
  • Personal Accident Insurance Cover of upto Rs. 2 Lacs
  • 1 multicity cheque book free per quarter

Debit Card Offered : Visa Classic Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal Rs. 40,000

Balance Non Maintenance Charges : Monthly Service Fee of Rs. 10 per Rs. 100 of shortfall or Rs. 350, whichever is lower

Senior Privilege Savings Account

Avail preferential benefits that take the burden off banking.

Resident individuals who are 57 years or older can enjoy the services of this account

Features of Senior Privilege Savings Account

  • 25 percent Discount on Safe Deposit Locker
  • Higher FD Rates
  • 1 multicity cheque book free per quarter
  • Up to 50 percent off at 200 diagnostic centers and up to 15 percent off on medicine purchases at 1,400 Apollo pharmacies

Debit Card Offered : Visa Classic Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal Rs. 40,000

Balance Non Maintenance Charges : Rs. 5 per Rs. 100 of shortfall or Rs. 500, whichever is lower

Future Stars Savings Account

Inculcate the habit of savings and spending judiciously in your minor who can open this account and manage it independently.

This account is designed for resident Indian minors upto 18 years of age

Features of Future Stars Savings Account

  • Personal Accident Insurance Cover of upto Rs. 2 Lacs
  • 1 multicity cheque book free per quarter
  • Free and Unlimited multicity chequebooks

Debit Card Offered : Visa Classic Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal of Rs. 1,500

Balance Non Maintenance Charges : Rs. 5 per Rs. 100 of shortfall or Rs. 350, whichever is lower

Pension Savings Account

Enjoy stress free banking post retirement, with an account specially designed for pensioners.

This account can be opened by employees of central government and civil ministries, employees of the armed forces, employees of an establishment with a workforce strength of more than 20 and who have opted to be members of the EPS 95 scheme

Features of Pension Savings Account

  • RBI and Central Pension Accounting Office CPAO and EPFO authorised account for disbursement of pension for existing and prospective pensioners of Central Government, Civil Ministries/Departments and Defense Ministry.
  • You receive communication on receipt of the PPO Pension Payment Order

Debit Card Offered : Visa Classic Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal Rs. 40,000

Balance Non Maintenance Charges : None

Trust/NGO Savings Account

Avail high withdrawal limits and low balance requirements with this unique account.

NGOs or similar organisations who can maintain average Monthly Balance of Rs. 30 Lacs or balance across Savings and Term Deposits of Rs. 1 Crore are eligible to open this account

Features of Trust/NGO Savings Account

  • Enjoy up to 15 percent discount at over 4000 restaurants
  • Free lockers and safe custody facility for the Trust
  • Discount on Commercial Vehicle Loans and on Education Loans
  • Anytime banking using iConnect, Corporate Internet Banking SMS alert and E Statement
  • Payment and Collection Solutions like Easy Pay Online, EDC Machines and Payment Gateway

Debit Card Offered : Visa Classic Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal of Rs. 40,000

Insurance Agent Account

Avail high withdrawal limits and low balance requirements with this unique account for insurance agents.

This account is uniquely designed for insurance agents

Features of Insurance Agent Account

  • 1 multicity cheque book free per quarter
  • Enjoy up to 15 percent discount at over 4000 restaurants
  • Personal Accident Insurance Cover upto Rs. 2 Lacs

Debit Card Offered : Visa Classic Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal of Rs. 40,000

Balance Non Maintenance Charges : Rs. 10 per Rs. 100 of shortfall or Rs. 350, whichever is lower

Youth Account

Currently, features for existing account holders only.

This account is for Resident Indian Individuals between the ages of 18 years to 25 years

Features of Youth Account

  • Enjoy up to 15 percent discount at over 4000 restaurants
  • 1 multicity cheque book free per quarter
  • Transfer funds, settle accounts, recharge, etc. using Youth App
  • Internet banking for account details and fund transfers

Debit Card Offered : Visa Classic Youth Card

Cash Withdrawal Limit : Daily ATM Withdrawal of Rs. 40,000

Balance Non Maintenance Charges : None

Basic Savings Account

Enjoy zero balance facility as you save, transact and track your account with ease.

An individual residing in India who does not have an existing savings account in Axis Bank, prior to opening the Basic Savings Account can open this account

Features of Basic Savings Account

  • 1 multicity cheque book free per quarter

Debit Card Offered : RuPay Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal of Rs. 40,000

Balance Non Maintenance Charges : None

Small Basic Savings Account

Get your first banking step right with basic services made easy and hassle free.

An individual residing in India who does not have an existing savings account in Axis Bank, prior to opening the Basic Savings Account can open this account

Features of Small Basic Savings Account

  • 1 multicity cheque book free per quarter

Debit Card Offered : RuPay Debit Card

Cash Withdrawal Limit : Daily ATM Withdrawal of Rs. 40,000

Balance Non Maintenance Charges : None

Documents Required

Axis Bank requires the following documents to open a Savings Account

    Frequently Asked Questions on Axis Bank Savings Account

    How much interest is charged by Axis Bank on Savings Account?

    Axis Bank offers an interest rate of 3.50% to 4.00% on Savings Account.

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

    The minimum amount required for opening Savings Account in Axis Bank is Nil.

    What are the balance non - maintenance Charges on Axis Bank Savings Account?

    The Balance Non Maintenance Charges on Savings Account by Axis Bank are None.

    How does Axis Bank calculate interest charged on Savings Account?

    Interest on Savings Account is calculated on Quarterly basis. The following formula is used by Axis Bank to calculate interest on Savings Account.

    Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

    Does Axis Bank offer Debit card to the account holder?

    Yes, various debit cards are offered, differing according to the product. Some of the popular savings account products of Axis Bank with the type of debit card offered are listed in the table below.

    Easy Access Savings AccountVisa Classic Debit Card
    Prime Plus Savings AccountMasterCard Titanium Prime Plus Debit Card
    Prime Savings AccountSecure Plus Debit Card
    Women's Savings AccountVisa Classic Debit Card
    Senior Privilege Savings AccountVisa Classic Debit Card
    Future Stars Savings AccountVisa Classic Debit Card
    Pension Savings AccountVisa Classic Debit Card
    Trust/NGO Savings AccountVisa Classic Debit Card
    Insurance Agent AccountVisa Classic Debit Card
    Youth AccountVisa Classic Youth Card
    Basic Savings AccountRuPay Debit Card
    Small Basic Savings AccountRuPay Debit Card

    Interest rate on all SBI deposits products listed in the table above is 3.50% to 4.00%

    What is the withdrawal limit of the account?

    The withdrawal limit offered in Axis Bank is Daily ATM Withdrawal of Rs. 40,000

    What is the eligibility criteria to open a savings account in Axis Bank
    • An individual residing in India who does not have an existing savings account in Axis Bank, prior to opening the Basic Savings Account can open this account
    Axis Bank News - Jan 2019
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