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Online Axis Bank Savings Account Opening

Open Axis Bank Saving Account

Last Updated 06th May 2021

Interest Rate 3.50% - 4.00%
Minimum Balance Requirement NIL
Cash Withdrawal Limit Daily ATM Withdrawal of Rs. 40,000
ATM Transaction Charges --
Debit Card RuPay Debit Card
Apply for Savings Account

Axis Bank Savings Account Opening

Axis Bank Savings accounts in Axis Bank can be opened online or offline. To open Axis Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening Axis Bank Savings Account Online

To open the savings account online in Axis Bank, you have to follow these steps:

  • Step 1: First, visit the official website of Axis Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: Axis Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, Axis Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open Axis Bank Savings Account at Branch

To open a savings account with Axis Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in Axis Bank

You have to fulfil the following 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.
  • 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.

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FAQs

How can I open a savings account in Axis Bank?

You can open a savings account in Axis Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in Axis Bank?

Yes, you can open a savings account online, by applying for it through the Axis Bank’s official website.

What is the minimum balance in Axis Bank?

The minimum balance required to open a savings account in Axis Bank is NIL.


Axis Bank News - May 2021
  • 2021-03-05 : Axis Bank launches WhatsApp banking
    Axis Bank launched banking services on WhatsApp. The new facility will enable its retail customers to seek information regarding their account balance, recent transactions, credit card payments, fixed and recurring deposit details, besides getting their queries answered in real-time.
  • 2021-02-26 : IRDAI gives approval for Axis Entities-Max Life Insurance deal
    The Insurance Regulatory and Development Authority of India has given its approval to acquire up to 12% stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital and Axis Securities. The IRDAI approval was an important venture transaction that was first announced in April 2020
  • 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.
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