Axis Bank Savings Account Interest Rates

Axis Bank offers an interest rate ranging between 3.50% to 4.00% on the minimum average balance maintained in the savings account. It calculates the interest rate on savings bank accounts on a daily basis. However, the interest is paid to the account holders every quarter. With Axis Bank Savings Account youth and minors can get additional benefits on their Savings Account.

Axis Bank Savings Account helps you to save money by providing interest on your idle money deposited in the savings accounts. The rate of interest on Axis Bank Savings Account varies as per the Savings Account product. Some of the key features and benefits of Axis Bank savings account are:

• It offers interest rates from 3.50% to 4.00% p.a. You can easily access Axis Bank Savings Account anywhere through a large network of branches and ATMs.
• If you want to transfer funds from Axis Bank Savings account to any other bank account, you can do it through modes such as RTGS, IMPS, NEFT and UPI facilities.
• To maintain Axis Bank Savings account, you require a minimum balance of NIL.
• Axis Bank personalized account number and cheque book enhances security and ensures your money is safe.
• You can get SMS Alerts and e-statement facilities with Axis Bank Savings Account.
• With Auto Sweep Facility of Axis Bank, your account can be linked to Multi Option Deposit MOD account.

Saving Account	Interest Rate	Minimum Balance
Easy Access Savings Account	3.50% - 4.00%	Rs. 10,000
Prime Plus Savings Account	3.50% - 4.00%	Rs. 1,00,000
Prime Savings Account	3.50% - 4.00%	Rs. 25,000
Women's Savings Account	3.50% - 4.00%	Rs. 10,000
Senior Privilege Savings Account	3.50% - 4.00%	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	3.50% - 4.00%	Rs. 2,500 in metros
Pension Savings Account	3.50% - 4.00%	NIL
Trust/NGO Savings Account	3.50% - 4.00%	Rs. 25,000
Insurance Agent Account	3.50% - 4.00%	Rs. 5,000 in metros
Youth Account	3.50% - 4.00%	NIL
Basic Savings Account	3.50% - 4.00%	NIL
Small Basic Savings Account	3.50% - 4.00%	NIL
Axis ASAP Instant Saving Account	7.10% - 7.10%	NIL

• Easy Access Savings Account: Axis Bank offers interest rates ranging between 3.50% to 4.00% on Easy Access Savings Account.You can open a Easy Access Savings Account in Axis Bank by depositing Rs. 10,000 amount as minimum balance.
• Prime Plus Savings Account: If you have deposited your excess funds in a Prime Plus Savings Account, you can get interest at 3.50% to 4.00% on your account. This account can be opened by anyone with a minimum age of 18 years.
• Prime Savings Account: Axis Bank provides interest rates ranging between 3.50% to 4.00% on Prime Savings Account. The minimum balance requirement to open this account is Rs. 25,000.
• Women's Savings Account: You can get interest at 3.50% and 4.00% respectively on Women's Savings Account in Axis Bank. The account can be opened in Axis Bank by depositing Rs. 10,000 amount.The debit card available for this account are Visa Classic Debit Card).
• Senior Privilege Savings Account: If you have deposited your excess funds in a Senior Privilege Savings Account, you can get interest at 3.50% to 4.00% on your account.
• Future Stars Savings Account: You can get interest at 3.50% to 4.00% in Future Stars Savings Account. This account can be opened in Axis Bank by depositing a minimum amount of Rs. 2,500 in metros after an age of 10 years.
• Pension Savings Account: The interest that you can earn on Pension Savings Account is in the range of 3.50% to 4.00% respectively.The debit card available for this product isVisa Classic Debit Card
• Trust/NGO Savings Account: Axis Bank provides interest rate at 3.50% to 4.00% on Trust/NGO Savings Account. Further, to open this Saving Account, the minimum balance requirement is Rs. 25,000. .

✅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 Account	Visa Classic Debit Card
Prime Plus Savings Account	MasterCard Titanium Prime Plus Debit Card
Prime Savings Account	Secure Plus Debit Card
Women's Savings Account	Visa Classic Debit Card
Senior Privilege Savings Account	Visa Classic Debit Card
Future Stars Savings Account	Visa Classic Debit Card
Pension Savings Account	Visa Classic Debit Card
Trust/NGO Savings Account	Visa Classic Debit Card
Insurance Agent Account	Visa Classic Debit Card
Youth Account	Visa Classic Youth Card
Basic Savings Account	RuPay Debit Card
Small Basic Savings Account	RuPay Debit Card
Axis ASAP Instant Saving Account	Visa Online Virtual Card/ Visa Online Rewards Card

Interest rate on all Axis Bank 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?

Eligibility criteria for Axis Bank savings account -

• 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.