Steps to Open Axis Bank Savings Account

• Visit your nearest Axis Bank branch and collect the account opening form.
• Fill in the form and attach KYC documents (ID proof, address proof, PAN, photos).
• Submit the form and make the initial deposit (if required).
• After verification, your account is activated. You'll receive a welcome kit with a debit card and cheque book.

Eligibility to Open Axis Bank Savings Account

Customers will have to meet certain criteria to be eligible for the savings account offered by Axis Bank.

1. The individual applying for this savings account should be a citizen of India.
2. The applicant should be 18 years and above to be eligible, except in cases of a minor savings account.
3. The applicant will be required to submit valid KYC documents provings his/her identity and address along with the account opening form.
4. Hindu undivided families are eligible.
5. When opening the account, the applicant will have to make an initial deposit - depending on the minimum balance requirement of that particular savings account.

Features and Benefits of Axis Bank Savings Account

1. Customers can choose between a number of savings accounts and choose one that suits their financial needs and goals.
2. The average monthly balance requirement depends on the location the account is held in - urban, semi-urban or rural areas.
3. Customers can also opt for a zero-balance savings account.
4. On opening the account, customers are eligible for a free cheque book and passbook.
5. Customers holding a savings account with Axis Bank can make withdrawals at any ATM across the country.
6. Account holders can enjoy the convenience of free net banking and mobile banking and phone banking facilities.
7. To keep a track of their finances, customers will receive free monthly e-statements.
8. Interest is compounded quarterly.
9. Through the net banking facility, account holders can carry out transactions anywhere in the world.
10. Customers can carry out fund transfers through the NEFT and RTGS facilities.

Documents Required for Axis Bank Savings Account:

To be eligible to open any savings account with Axis Bank, customers will be required to submit the following documents.

For individuals:

1. Two latest passport size photographs
2. Proof of identity - Passport, Driving license, Voter's ID card, etc.
3. Proof of address - Passport, Driving license, Voter's ID card, etc. If temporary address and permanent address are different, then both addresses will have to submitted.
4. PAN card
5. Form 16 (only if PAN card is not available)

For Hindu undivided families:

1. Copy of PAN card
2. Form 16 (only if PAN card is not available)
3. Declaration form from Karta
4. Proof of identification and address of Karta document
5. Prescribed joint Hindu family letter that has been signed by the heads of the family

For joint applicants:

1. Identity and address proof of both parties
2. In case of a married couple, only the address of the primary account holder will be required