4,80,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Loans Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

Axis Bank Savings Account Interest Rates

Axis Bank Savings Account Interest 2022

Last Updated 11th Jan 2022

Saving Account Interest Rate
Easy Access Savings Account 3.50% - 4.00%
Prime Plus Savings Account 3.50% - 4.00%
Prime Savings Account 3.50% - 4.00%
Women's Savings Account 3.50% - 4.00%
Senior Privilege Savings Account 3.50% - 4.00%
Future Stars Savings Account 3.50% - 4.00%
Pension Savings Account 3.50% - 4.00%
Trust/NGO Savings Account 3.50% - 4.00%
Insurance Agent Account 3.50% - 4.00%
Youth Account 3.50% - 4.00%
Basic Savings Account 3.50% - 4.00%
Small Basic Savings Account 3.50% - 4.00%
Axis ASAP Instant Saving Account 7.10% - 7.10%
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
Exclusive offers on Demat & Lockers
OPEN YOUR ACCOUNT DIGITALLY NOW
Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
Apply for Savings Account

Axis Bank Bank Savings Accounts Interest Rate

Axis Bank offers an interest rate ranging upto 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 also offers attractive benefits like mobile and internet banking services, free Debit Card and customised savings account depending on different customer profiles.

Features and Benefits

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 upto 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 an 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 the Auto Sweep Facility of Axis Bank, your account can be linked to a Multi Option Deposit MOD account.

Axis Bank Savings Account Rates

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

Eligibility & Documentation Required for Opening Savings Account in Axis Bank

To open a savings account in Axis Bank, you need to fulfill the following eligibility criteria:

  • You need to have valid KYC Documents.
  • You can open a savings account singly or jointly.

Documents Required

You can open a savings account with prescribed application form and minimum KYC documents, which are mentioned below:

  • Application Form with attested photographs
  • Proof of identity- Passport, Voter ID card, PAN Card, Govt./Defence ID card, Driving Licence etc.
  • Proof of current address- Credit Card Statement, Salary slip, Electricity Bill/Telephone Bill, ration card etc.

How is Axis Bank Savings Account Interest Rate Calculated?

As per the RBI mandate, Axis Bank calculates saving account rate on average balances in the account on a daily basis. The interest can however be paid monthly, annually or quarterly. The following formula is used by Axis Bank to calculate interest on Savings Bank Account on the basis of daily balance in the account

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

Compare Savings Account Interest Rates of All Banks

Axis Bank Savings Account Products

  • 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. .

FAQs

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

As per the current rates, Axis Bank offers maximum interest rate of 4.00% on Savings Account. Axis Bank provides this interest on the minimum balance maintenance of NIL. The interest rate may however vary across the Axis Bank savings account product.

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

The minimum amount required for opening a Savings Account in Axis Bank is NIL.If you do not maintain the minimum balance requirement in Axis Bank, you are subjected to pay penalty charges.

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.The minimum balance requirement in Axis Bank savings account is NIL.

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, Axis Bank offer Debit Cards to the account holders 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
Axis ASAP Instant Saving AccountVisa Online Virtual Card/ Visa Online Rewards Card

What is the withdrawal limit of the account?

You can withdraw money from your savings account for a maximum Daily ATM Withdrawal of Rs. 40,000 times in a month. Withdrawals over and above this limit may impose charges and may lead to deductions from your savings 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?

To open a savings account in Axis Bank you need to fulfill the following eligibility criteria:

  • 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.
  • You must have your basic KYC done

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
Axis Bank News - Jan 2022
  • 2022-01-11 : Axis Bank Enters into Partnership for Biometric Authentication
    Axis Bank has partnered with MinkasuPay to offer a biometric authentication solution through fingerprint or face ID. The new partnership will reduce net banking transactions to 2-3 seconds.
  • 2021-10-27 : Axis Bank Reports A Growth Of 86 percent
    Axis Bank has reported a growth of 86 percent in net profit at Rs 3,133 crore in the second quarter ended Septe­mber 2021, predominantly on robust growth in fee income and sharp fall in provisions. Last year the bank posted a net profit of Rs 1,683 crore in Q2 of FY21.
  • 2021-10-13 : Axis Securities Has Tied Hands With Saraswat Bank To Integrate Banking
    Saraswat Bank and Axis Securities (ASL) have partnered together to integrate banking with investing. With this tie-up, Saraswat Bank customers can have a 3-in-1 account, comprising of savings, Demat and online trading.
  • 2021-10-12 : Axis Bank Has Launched Open API For Customers
    Axis Bank unveils open APIs (Application Programming Interface), these APIs will help retail and corporate customers/ partners to use banking services integrated across partner platforms. This banking portal has retail as well as corporate products like loans, accounts, deposits, payments, trade, collections and bills.
  • 2021-10-05 : Axis Bank Offers Cashback to Savings Account Users
    Axis Bank is offering a cashback of flat of 10-15% on Amazon and Flipkart to its ASAP Digital Savings Accounts customers. The cashback is being offered on more than 30 major brands.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...