Axis Bank savings account

⋆ Interest Rate 9.99% ⋆

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      Axis Bank savings account

      Axis bank savings account interest rate-

      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%

      About Axis Bank savings account

      Axis Bank, one of the leading banks in the country, offers a variety of banking services. It offers many lucrative loan schemes. Apart from that, ICICI Bank’s savings account features to lure the customers. It offers an interest rate from 3.5%to 4.00%. It calculates the interest rate on daily basis.

      Axis Bank savings account features

      • 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 an Axis Bank Savings account, you require a minimum balance of NIL.
      • Axis Bank’s personalized account number and checkbook enhance 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 the Multi Option Deposit MOD account.

      Axis Bank savings account charges

      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

      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 an Easy Access Savings Account in Axis Bank by depositing Rs. 10,000 amount as a minimum balance.
      • Prime Plus Savings Account: If you have deposited your excess funds in a Prime Plus Savings Account, you can get an interest rate of 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 an interest rate at 3.50% and 4.00% respectively on the 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 is Visa Classic Debit Card).
      • Senior Privilege Savings Account: If you have deposited your excess funds in a Senior Privilege Savings Account, you can get an interest rate of 3.50% to 4.00% on your account.
      • Future Stars Savings Account: You can get an interest rate of 3.50% to 4.00% in the Future Stars Savings Account. This account can be opened in Axis Bank by depositing a minimum amount of Rs. 2,500 in metros after the 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 is Visa Classic Debit Card
      • Trust/NGO Savings Account: Axis Bank provides an interest rate of 3.50% to 4.00% on Trust/NGO Savings Account. Further, to open this Saving Account, the minimum balance requirement is Rs. 25,000.

      Axis bank savings account service charges

      Charges for a cash deposit for value up to Rs 1 lakh Free
      Charges for deposit beyond Rs 1 lakh
      Rs 5 for every Rs 1000 deposited or Rs 150, whichever is higher.
      ATM cash withdrawal beyond free limit
      Rs 20 (financial transactions) Rs 8.5 (non-financial transactions)
      NEFT Fees (Branch & Online)
      Up to Rs 10,000 – Rs 2.5 per transaction; Rs 10,000 to Rs 1 Lakh – Rs 5 per transaction; Rs 1 Lakh to Rs 2 Lakh – Rs 15 per transaction; above Rs 2 Lakh – Rs 25 per transaction.
      IMPS Fee
      Up to Rs.1 Lakh – Rs 5 per transaction; Rs 1 Lakh to Rs.2 Lakh – Rs.15 per transaction.
      Surcharge at petrol pumps
      2.5% on the purchase value (minimum Rs 10)
      Card Replacement Fee Rs 150
      Additional Cheque Book Fee
      Rs 50 per checkbook

       

      DD/PO cancellation Rs 100
      Stop Payment Instructions – Cheque
      Rs 100 per cheque
      Locker Fees
      Varies depending on size & branch
      Value Added SMS Alerts Rs 5 per month

       

      Documents and process to open the Axis Bank savings account

      • Eligibility criteria- specified age limit, monthly income, Identity proof, PAN card, Aadhar card, address proof, income proof.
      1. Age limit- 21to 60 years
      2. Income certificate -issued from sub-divisional magistrate office
      3. Identity proof- Voter ID card, aadhar card, College ID card (for students)
      4. Monthly income proof
      5. Form 16 of the latest year
      6. Income tax return
      7. Highest qualification proof
      8. Bank statement
      9. Proof of business continuation
      10.  You need to collect all the documents to avoid roaming around the bank’s office.
      11. After documentation, you need to search for a person who knows you well. He will be a guarantor for your loan.
      12. Apply online from an e-portal. For instance, Vidhya Lakshmi portal for education loan. Even there will be a separate portal on the bank website for online loan applications.
      13. You may go offline also and apply at your nearest branch.

      Frequently asked questions

      Axis bank savings account

      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 a 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

      What is the withdrawal limit of the account?

      The withdrawal limit offered in Axis Bank is a Daily ATM Withdrawal of Rs. 40,000

      What are 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 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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