Axis Bank

Axis Bank

Axis Bank was promoted jointly by Specified Undertaking of Unit Trust of India (SUUTI), formerly known as United Trust of India, General Insurance Corporation of India (GIC), Life Insurance Corporation of India (LIC), New India Assurance Company Ltd, and National Insurance Company Ltd. The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. In the year 1993, Axis bank started its operations from the year 1994. The Registered office was founded in Ahmedabad, India.
 

Axis Bank has its strong hold both in the Indian Market as well as International Market. It provides a variety of financial services to large and mid-sized corporate houses as well as individuals. It aims at being known as the one stop financial service solution provider for customers through its high quality service, prompt delivery and customer insight. Through its widespread banking Channel, years of expertise, excellent customer relationship, large customer base, varied services, and strong presence in the country, it has become the third largest private bank in India.

 
Company Brief:
 

Headquarter Gujarat, India
Founded 1993
Industry Type Banking and Financial Services
Bank Type Private sector bank
Subsidiaries Axis Capital Ltd, Axis Private Equity Ltd, Axis Asset Management Co, Axis Trustee Services Ltd, Axis Mutual Fund Trustee Ltd, Axis Securities, Axis Bank UK Ltd, Axis Finance Ltd, A Treds Ltd, Axis Securities Europe Ltd
 
Products offered Insurance, Credit cards, Corporate banking, Consumer banking, Finance & Investment banking, Private banking, Mortgage loans, Wealth management, Private equity

 
Axis bank’s Presence in India
 

Axis bank having its corporate office at Mumbai, Maharashtra has 3062 branches and 12922 ATMs spread across the towns and cities of India.

 
Products:
 

Axis bank caters to the banking requirements of every individual by offering a host of products and services. The following products and services are offered by the bank:

 
Accounts and Deposits
 

Axis Bank offers a variety of accounts and deposit accounts keeping in mind the basic requirement of every individual and corporate office, be it a savings account, current account, priority account or a recurring deposit account.

Axis Bank Savings Account

This is the basic account of every banking business which helps an individual to store away one’s surplus cash and also earn some interest on it. The interest rate on such accounts stands at 4% p.a. and is calculated on the end of the day balance and paid out quarterly. Below are the types of Saving accounts provided by the bank:
 

  • Easy Access Savings accounts
  • Prime Savings Account
  • Future Stars Savings Account
  • Youth account
  • Prime plus savings Account
  • Women’s Account
  • Senior privilege Savings Account
  • Trust/Ngo Savings Account
  • Pension Savings Account
  • Insurance Agent Account
  • Basic Savings account
  • Small Basic Savings Account
  • NRI Account
  • NRO Account

Axis Bank Current Accounts

Also known as demand deposit accounts required by businessmen and professionals who have regular transactions with the bank. It’s a zero balance zero interest account which allows unlimited number of transaction every day. The below mentioned are the types of current accounts offered:
 

  • Resident foreign currency account
  • Regular current account
  • Exclusive current accounts
  • Current accounts by industry
  • Tailor made current accounts

Axis Bank Salary Accounts

A zero balance account offering an interest rate of 4%p.a. on daily balances. This type of account is generally provided to corporate houses to ensure smooth transfer of salaries to the respective corporate employees. Types are:
 

  • Easy Access Salary Account
  • Prime Salary Account
  • Priority Account
  • Defence Salary Account
  • Prime Salary Account
  • Employee Reimbursement Account

Deposits

Deposit accounts provide a suitable platform for individuals who wish to store their surplus cash for a specific period and earn a higher rate of interest on the same. The types of deposits are:
 

  • Fixed Deposits
  • Fixed Deposits Plus
  • Recurring Deposits
  • Tax Saver Deposits
  • Safe Deposit Lockers:

Available in different sizes depending upon the need of the individual to store their valuables safely. Lockers are available at a minimal rate payable in advance.

Loans

Axis Bank offers various types of loans to individuals which are:
 

  • Home loans
  • Personal loans
  • Gold loans
  • Loan against property
  • Loan against fixed deposits
  • Loan against shares
  • Car loans
  • Loan against securities
  • Education loans

Credit Cards - Apply for Axis Bank Credit Cards Online

Apply Online

Apply for Axis bank credit cards in 3 easy steps:
 
The bank has a variety of credit cards which provides special benefits on dining out, shopping and on usage of cards at specific places that the bank has tie ups with. The card also provides reward points redeemable at the customer as per their eligibility. The range of cards offered by the bank is:
 
Premium Cards:
 

  • Signature Credit card with Lifestyle Benefits
  • Signature Credit Card with Travel Benefits
  • My Cards: the cards on offer under this category are:
  • My choice credit card
  • My wings credit card
  • My zone credit card
  • My business credit card
Apart from the above mentioned cards there are few more cards offered by Axis bank such as:
 
  • Shriram Credit Card
  • Insta Easy Credit Cards
  • Platinum Credit Cards
  • Titanium Smart Traveler Credit Cards
  • Miles & More Credit Card
  • Neo Credit Card
  • Pride Platinum Credit Card

Forex

Axis bank provides for foreign exchange transactions through currency notes, traveler’s cheque and foreign travel cards. The bank offers the following types of Forex services:
 

  • Multi-Currency Forex Card
  • Outward Foreign Currency travelers  cheque
  • Travel Currency Card
  • Foreign Currency Cash
  • India Travel Card
  • Foreign Exchange Rates

Investments

Investments are the best way of saving an individual’s cash. The bank offers various investment products like:
 

  • Gold Mohurs
  • 8% saving bonds
  • Public Provident fund(PPF)
  • Silver Mohurs
  • Online investing with Axis Direct
  • Mutual Funds
  • IPOSmart

Demat Account:

An electronic setting provided by Axis bank to its users to hold funds in dematerialized form. It provides facilities for funds transfer, time to time statements and total details about your investment.

Insurance

Axis bank offers a spectrum of insurance products, be it life insurance or general insurance. At low premiums and higher returns insurance products are available for large, small and medium enterprises. The products offered under this category are:
 
Life Insurance:
 
There variants under this category are:
 

  1. Max Life Online Term Plan
  2. Max Life Forever Young Pension Plan
  3. Max Life guaranteed Lifetime Income Plan
  4. Max Life Life Partner Perfect Super Plan
  5. Max Life Whole life Super Plan
  6. Max Life Fast Track Super Plan
  7. Max Life Life Gain Premier
  8. Max Life Maxis Super
  9. Max Life Shiksha Plus Super

Home Insurance:
 
The range of products is:
 

  1. Mediprime
  2. Wellsurance Executive
  3. Wellsurance Woman
  4. Wellsurance Family

Individual Accident and Well Sickness Hospital Cash Policy:
 

  • Motor Insurance
  • Travel Guard Insurance for Overseas Travel
  • Student Guard Plus for Students Travelling Overseas
  • Asia Guard
  • Max Life Pradhan Mantri Jeewan Jyoti Bima Yojana
  • Business Guard