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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