Axis Bank Savings Account

How Do I Open an Axis Bank Savings Account Online?

Customers can compare and easily open an Axis Bank savings account of their choice using the web portal of Axis Bank. The 'Apply online' feature available on the website, leads the user to an application form which needs to be filled-in and submitted.

Personal details like name, address, telephone numbers, preferred branch and city along with the type of savings account required have to be entered. These details have to verified and then submitted.

All the mandatory documents also have to be furnished along with the application. New account holders get a welcome kit from Axis Bank as part of the initiation program. A debit card is also issued when a savings account is opened and is unique to the type of savings account selected.

Types Of Axis Bank Savings Accounts:

• EasyAccess Savings Account: Begin your journey of savings with an EasyAccess savings account from Axis Bank with an interest rate of 4% on your daily balances, which are paid quarterly. Access your bank account without any hassles and track your account expenses with axis bank net banking and mobile services. EasyAccess savings accounts opened in Metro cities require a minimum opening deposit of Rs 10,000. A Visa Classic debit card is generally issued along with an EasyAccess savings account.
• Prime Savings Account: Hold a Prime Savings Account with Axis Bank and enjoy enhanced access and higher transaction limits. A MasterCard Titanium Debit Card is issued along with a Prime savings account.
• Future Stars Savings Account: Parents can plan and save for their child's future with an Axis Bank Future Stars Savings Account. This account is targeted at children aged below 18 years and requires to be operated by a parent or a guardian. A free ATM card with a daily withdrawal limit of Rs 1500/- and a cheque book in the guardian's name will be issued if the child is below 10 years. The Future Stars Savings Account requires a low opening deposit and monthly balance of Rs 2500/- in Metro cities.
• Senior Privilege Savings Account: Senior citizens can enjoy preferential treatments at Axis Bank branches and also get exciting discounts and offers when they open a Senior Privilege Savings Account.
• Pension Savings Account: The Pension Savings account has been exclusively designed for pensioners of Central Government, Civil & Defense Ministries. The pension amount does not have an average quarterly minimum balance requirement and the Central Civil Pension would be disbursed into this account.
• Insurance Agent Account: Insurance Agent Account has been designed especially for insurance agents with a concessional minimum opening deposit of Rs 5000/-. A Visa Classic Debit card is issued along with this account.
• Basic Savings Account: The Basic Savings account with Axis Bank comes with a free Rupay Debit card and a zero balance facility. Customers can get free SMS alerts and a passbook to track their account activity.
• Small Basic Savings Account: As the name suggests, get started on your savings with an Axis Bank Small Basic Savings Account which does not have a minimum balance requirement. A RuPay debit card is issued along with this account and customers can easily track their expenses with monthly e-statements or passbooks.
• Liberty Savings Account: Under the account, you have the option to either spend or maintain a balance (minimum) of Rs.25,000 per month. You will receive a 5% cashback on travel, shopping, entertainment, and food spends on the weekend.
• Prestige Digital Saving Account: Under this savings account, you will get a complimentary instant Axis bank e-debit card. With this debit card you will get 1% cashback on online shopping, fuel, and travel purchase. You will also get 12.5% cashback on Flipkart and Amazon.
• Priority Digital Savings Account: With this savings account, you will get a complimentary instant virtual debit card that will give you 1% cashback on online shopping. You will also get 15% cashback on Flipkart and Amazon.
• Burgundy Digital Savings Account: You will get a complimentary instant debit card with a 1% cashback offer when you open a Burgundy digital savings account. You will also get 15% cashback when you shop from Amazon and Flipkart with this credit card.
• Government Scholarship Savings Account: Under the Government Scholarship Savings Account, you will get a Rupay Platinum Debit card with a daily ATM withdrawal limit of Rs.40,000. You will also get 4 free withdrawals every month as well as free unlimited cash deposit.

Axis Bank Saving Account Interest Rates

Axis Bank customers can earn an attractive interest of up to 3.75% on their savings accounts and also enjoy a load of privileges and offers when they transact using their accounts.

Note : The interest rate is calculated on a daily basis and is paid to account holders after every quarter.

Axis Bank Minimum Balance Requirements

Axis Bank savings accounts require different minimum balance amounts to be maintained, depending on the type of account held and the target audience it caters to. The minimum balance amount ranges from as low as Rs.2,500 to Rs.1,00,000/-.

Eligibility - Axis Bank Savings Accounts

Indian citizens and Hindu Undivided Families (HUF) are eligible to open an Axis Bank savings account.

Documentation required For Axis Bank Savings Accounts

1. Two passport size photographs (All applicants)
2. Proof of Age
3. Joint account applications require ID proof documents of both the applicants and the address proof can be of the primary account holder, supplemented by a relationship proof between both the holders.

Address Proof /ID Proof:

• Valid Passport
• PAN Card
• Voter's ID Card
• Valid Driving License
• Job Card issued by NREGA duly signed by a State Government officer
• Letter or Card issued by Unique Identification Authority of India (UIDIA) - Aadhaar card

Address and ID proof for Hindu Undivided Family accounts:

• PAN Card / Form 60 of HUF
• Declaration from the Karta
• Proof of Identification and address of Karta as per documentation for the individual
• Prescribed Joint Hindu Family Letter signed by all the adult holders

Documentation Required - Salary Accounts

Salaried professionals need to submit a bonafide authorization letter from their employers in the bank's required format.

Proof of Photo ID

1. PAN Card
2. Passport
3. Election Card
4. Photo IDs of Government / Defense services / Public Sector undertakings
5. Driving License

Proof of Address (any one):

1. Telephone Bill / Mobile Bill / Electricity Bill.
2. Ration Card
3. Gas connection registration letter
4. Income tax / Wealth tax assessment order
5. Registered lease agreement with a utility bill in the name of the landlord.

The applicant and the co-applicant have to both furnish the mentioned documents while opening joint savings accounts.