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Axis Bank Savings Accounts

Axis Bank Savings Account

Last Updated 15th Jan 2021

  • Axis Bank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in Axis Bank is NIL.
  • You can get high returns up to 4.00% on a savings account.
  • Open instant Axis Bank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in Axis Bank.
Apply for Savings Account

Axis Bank Savings Account

Axis Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of Axis Bank Savings Account

Benefits of Axis Bank saving Account are as follow:

  • Axis Bank offers an interest rate on saving account in the range of 3.50% to 4.00%.
  • Balance requirement for Axis Bank savings account is NIL.
  • An individual can transfer the Axis Bank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • Axis Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • Axis Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

Axis Bank Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
Easy Access Savings AccountRs. 10,0003.50% - 4.00%Monthly Service Fee of Rs. 10 per Rs. 100 of shortfall or Rs. 350, whichever is lower
Prime Plus Savings AccountRs. 1,00,0003.50% - 4.00%Monthly Service Fee of Rs. 5 per Rs. 100 of shortfall or Rs. 350, whichever is lower
Prime Savings AccountRs. 25,0003.50% - 4.00%Monthly Service Fee of Rs. 5 per Rs. 100 of shortfall or Rs. 350, whichever is lower
Women's Savings AccountRs. 10,0003.50% - 4.00%Monthly Service Fee of Rs. 10 per Rs. 100 of shortfall or Rs. 350, whichever is lower
Senior Privilege Savings AccountRs. 10,000 in metros and Urban centers Rs. 5,000 in semi Urban centers Rs. 2,500 in Rural centers3.50% - 4.00%Rs. 5 per Rs. 100 of shortfall or Rs. 500, whichever is lower
Future Stars Savings AccountRs. 2,500 in metros3.50% - 4.00%Rs. 5 per Rs. 100 of shortfall or Rs. 350, whichever is lower
Pension Savings AccountNIL3.50% - 4.00%None
Trust/NGO Savings AccountRs. 25,0003.50% - 4.00%--
Insurance Agent AccountRs. 5,000 in metros3.50% - 4.00%Rs. 10 per Rs. 100 of shortfall or Rs. 350, whichever is lower
Youth AccountNIL3.50% - 4.00%None
Basic Savings AccountNIL3.50% - 4.00%None
Small Basic Savings AccountNIL3.50% - 4.00%None
Axis ASAP Instant Saving AccountNIL7.10% - 7.10%None

Axis Bank Savings Account Products

Axis Bank offers multiple savings account products for different purposes. Some of the popular products of Axis Bank savings are:

Easy Access Savings Account

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

Key Features:

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

Eligibility:

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

Prime Plus Savings Account

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

Key Features:

  • 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

Eligibility:

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

Prime Savings Account

Enhanced access and higher transaction limits.

Key Features:

  • 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

Eligibility:

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

Women's Savings Account

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

Key Features:

  • Enjoy up to 15 percent discount at over 4,000 restaurants
  • Personal Accident Insurance Cover of upto Rs. 2 Lacs
  • 1 multicity cheque book free per quarter

Eligibility:

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

Senior Privilege Savings Account

Avail preferential benefits that take the burden off banking.

Key Features:

  • 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

Eligibility:

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

Future Stars Savings Account

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

Key Features:

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

Eligibility:

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

Pension Savings Account

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

Key Features:

  • 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

Eligibility:

  • 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

Trust/NGO Savings Account

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

Key Features:

  • Enjoy up to 15 percent discount at over 4,000 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

Eligibility:

  • 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

Insurance Agent Account

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

Key Features:

  • 1 multicity cheque book free per quarter
  • Enjoy up to 15 percent discount at over 4,000 restaurants
  • Personal Accident Insurance Cover upto Rs. 2 Lacs

Eligibility:

  • This account is uniquely designed for insurance agents

Youth Account

Currently, features for existing account holders only.

Key Features:

  • Enjoy up to 15 percent discount at over 4,000 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

Eligibility:

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

Basic Savings Account

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

Key Features:

  • 1 multicity cheque book free per quarter

Eligibility:

  • 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.
  • For HUF, the required documents are Form 60 of HUF, deceleration by Karta, prescribed Joint Hindu Family Letter signed by all adult members, along with ID and address proof of Karta.

Small Basic Savings Account

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

Key Features:

  • 1 multicity cheque book free per quarter

Eligibility:

  • 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 ASAP Instant Saving Account

Axis ASAP is a digital savings account offered by Axis Bank. Opening an Axis Bank zero balance account is easy and can be done online, or through axis bank’s mobile app, by providing basic information like aadhar number, PAN card number and other personal details.

Key Features:

  • Offers higher interest rates
  • 10% cashback on BookMyShow transactions every month
  • Unlimited transfer
  • No minimum balance requirements
  • Instant account opening

Eligibility:

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

Axis Bank Savings Account Nomination Plan

Axis Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. Axis Bank savings account provides the nomination facility in all the savings products.

Axis Bank Savings Account Welcome Kit

Axis Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Top Applications Offering UPI Facility

Axis Bank Savings Account Helpline

Individuals can call Axis Bank’s 24X7 helpline number 1860-419-5555/ 1860-500-5555, which is accessible from all landlines and mobile phones in the country.

Open saving account with Other Banks online

FAQs

Can I open Axis Bank bank account online?

Axis Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an Axis Bank savings account?

Minimum balance requirement differs with Axis Bank saving account products. The minimum balance required to open a Basic Savings Account in Axis Bank is NIL.

Which saving account is best in Axis Bank?

There are various savings account products offered by Axis Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open Axis Bank account with zero balance?

The minimum balance requirement to open a savings account with Axis Bank is NIL. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.


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Axis Bank News - Jan 2021
  • 2020-08-28 : Axis launches Liberty Savings Account aimed at millennials
    Axis Bank launched a savings account named Axis Liberty Savings Account. The account is aimed at millennial customers. It offers account holders the option of maintaining a minimum balance of ₹25,000 per month. It also provides an insurance cover of ₹20,000, which includes expenses incurred for COVID-19-related hospitalization.
  • 2020-08-28 : Axis launches Liberty Savings Account aimed at millennials
    Axis Bank launched a savings account named Axis Liberty Savings Account. The account is aimed at millennial customers. It offers account holders the option of maintaining a minimum balance of ₹25,000 per month. It also provides an insurance cover of ₹20,000, which includes expenses incurred for COVID-19-related hospitalization.
  • 2019-05-02 : Axis Bank set to meet FY22 goal with thrust on retail business
    Private sector lender, Axis Bank is focusing on achieving profitability and a Return on Equity (RoE) of 18% by FY22. To achieve this, the bank will now stress more upon its retail loans portfolio (including personal loans and home loans) which comprises about 50% of the bank’s total loan book. Interestingly, CASA and retail term deposits have also witnessed a strong growth of over 81% of the deposit base, and now the lender is looking forward to scaling up further.
  • 2018-12-05 : Axis Bank offers a special savings bank account for women
    Private sector lender, Axis Bank is offering special privileges and offers on its women’s savings bank accounts to encourage them for greater savings. The woman can open her account with a low opening deposit of Rs. 10,000 and earn up to 4 percent interest on a quarterly basis as per the daily balance. The account holder also gets one free payable at per cheque book per quarter.
  • 2018-07-27 : Axis Bank hikes Base Rate by 25bps
    Axis Bank has raised its base rate by 25 basis points. The new base rate is at 9.20%, which was 8.95% earlier. The new base rate is currently effective.
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