Axis Bank, one of the leading banks these days, has been offering a wide variety of savings accounts to its customers along with many personalized offers and services and many attractive benefits too. The best part of opening a savings account with AXIS Bank is that they offer interest rates starting at 3% p.a. on their savings accounts. At AXIS Bank, customers can easily track their finances, save as much as possible, and then enjoy earning interest on their savings.
AXIS Bank’s basic savings account provides its customers with best-in-class banking services while requiring no minimum balance. Axis Bank’s basic savings account benefits include convenient banking, access to multiple nearest branches; free cash deposits; ATMs across India; and the best mobile and internet banking services. The AXIS bank savings accounts also provide the options of SMS alerts, e-statements, and e-passbooks to all their customers to keep track of their account transactions and status.
In this blog, we’ll highlight everything related to Axis Bank Savings Account and how it is better than the rest! So, stay tuned with us till the end of the blog.
AXIS Bank savings account interest rates
How to open an AXIS bank savings account?
Anybody interested in opening an AXIS bank savings account can do it with a few simple clicks:
Step 1: Go to the bank’s website, www.axisbank.com
Step 2: Select the savings account option, followed by the option to open a digital savings account.
Step 3: Verify your identity by providing information from your Aadhaar Card, PAN Card, and mobile number.
Step 4: Confirm your profile information by sharing the KYC details to set up the savings account.
Step 5: Once the personal details are added, you will be redirected to the funding page.
Step 6: Choose from the options available on the website to fund that particular account, such as debit card banking, internet banking, or UPI.
Step 7: The bank officials will verify your details upon completing the KYC documentation and the funding details. And will also initiate a video call with you to confirm your details.
Step 8: During the video call, the bank executive will ask you for some information to verify the information you entered on the website.
Step 9: If the video call process gets rejected, you need to initiate this savings account procedure from the website itself.
Step 10: In case the video call process gets approved, after completing the whole process and the funding, you will be redirected to the page that will also reflect your savings account balance and debit card details. You will also be able to set up your internet banking password and debit card pin.
Types of AXIS Bank savings accounts
To serve you better, Axis Bank has different types of savings accounts facility. Listed below are the different types of Axis bank savings accounts:
Axis Bank ASAP Digital Savings Account
This savings account offers benefits like cashback on online spending and virtual debit card options. This is like saying you can open an account anywhere, anytime. There are six different types of AXIS Bank ASAP digital savings accounts, such:
Easy Access Digital Savings Account
60 minutes for account activation
Daily purchase limit with virtual debit card-Rs. 1 lakh
Daily purchase limit with physical debit card-Rs. 5,00,000
Up to 20% off at 4000+ restaurants in India.
Personal accident cover-Rs. 5,00,000
Daily cash withdrawal limit-Rs. 50,000
Prime Digital Savings Account
All features are comparable to the Easy Access Digital Savings Account.
On the annual purchase of Rs. 1 lakh, you get 200 reward points.
A Liberty Digital Savings Account
All features are comparable to the Easy Access Digital Savings Account.
Instant virtual debit card activation
On the annual purchase of Rs. 1 lakh, you get 200 reward points.
A gift voucher of Rs.750 is yours if you spend Rs.60,000 in a quarter.
Prestige Digital Savings Account
All features are comparable to the Easy Access Digital Savings Account.
Instant virtual debit card activation
On the annual purchase of Rs. 1 lakh, you get 200 reward points.
Priority Digital Savings Account
All features are comparable to the Easy Access Digital Savings Account.
Priority debit card benefits, especially on lifestyle, travel, and much more.
On the annual purchase of Rs. 1 lakh, you get 200 reward points.
Burgundy Digital Savings Account
All features are comparable to the Easy Access Digital Savings Account.
Instant virtual debit card activation
On the annual purchase of Rs. 1 lakh, you get 200 reward points.
Other AXIS Bank Savings Accounts
Apart from the main savings accounts mentioned above, there are several others as well, like:
Eligibility criteria for opening the AXIS bank savings account.
You should be an Indian citizen.
You should have a valid Aadhaar and PAN card.
Your mobile number should be linked with your Aadhaar Card.
You should be at least 18 years of age and above.
Documents required for opening an AXIS Bank savings account
PAN Card that is valid
Adhaar Card in Good Standing
Valid mobile phone number
Two recent passport-sized photographs
Address proof
Identify proof
Proof of your age:
If the permanent and mailing addresses are different, share proof for both the addresses.
Valid driving license.
Fees and Charges of the AXIS Bank Savings Account
Conclusion
With the above information, it’s evident that an Axis Bank Savings Account can be a perfect pick if you are looking for a better way to save money. You can just go and open an instant savings account with Axis Bank and enjour unlimited benefits. So, don’t wait anymore and open an Axis Bank Savings Bank account now!
FAQs
Charges depend upon the type of transfer mode being used.
Yes, the AXIS Bank Basic savings account does not require any minimum balance to be kept in the account.
No, there is no need to visit the branch once all the formalities are completed online.
No, the virtual debit card also has some validity mentioned on it, just like the physical debit card.
The physical debit card is delivered to the customer’s address within 7 days of the opening of their savings account.
Once the savings account is opened, you can start using the internet and mobile banking of AXIS Bank and avail of their services.