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Axis Bank Savings Account

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Updated: 06-10-2020 10:26:50 AM

Axis Bank offers diverse savings accounts to cater to the banking needs of every individual. With a range of accounts from regular savings accounts to premium accounts, online savings accounts to offline accounts, the bank ensures that every type of customer is covered. The minimum balance requirements of Axis Bank differ from one type of savings account to another. Let us take a look at the various types of Axis Bank savings accounts and the features provided by each of them.

Axis Bank Savings Account Interest Rates w.e.f 1st June 2020

Axis Bank Savings Account BalanceRate of Interest*
Less than Rs. 50 lakh3.00% p.a.
Rs 50 lakh to less than Rs. 10 crore3.50% p.a.
Rs. 10 crore and up to less than Rs. 100 croreRepo + (-0.65%)
applicable rate 3.75% p.a.
Rs. 100 crore and up to less than Rs. 200 crore6.00% p.a.

*Floor price for all the Repo linked slabs is fixed at 3.75% p.a. The interest is calculated basis incremental balance slabs. For rates on the amount of Rs. 2500 Crs and above, please contact the nearest branch.

Axis Bank Savings account charges are subject to renewal on the basis of bank’s policy.

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Types of Axis Bank Savings Account
AXIS Bank Online Savings Account
AXIS Bank Offline Savings Account
How to open Axis Bank Savings Account offline?
Documents Required for Opening a Savings Account with AXIS Bank
For any queries, you can also contact Axis Bank using below-mentioned phone banking numbers.

Types of Axis Bank Savings Account

Axis Bank enables its customers to open a savings bank account through two modes – online and offline. We have classified the savings account offered by Axis Bank into online and offline channels.

Types of Axis Bank Savings AccountPrimary Features
Online Savings Account
Axis ASAP Instant Savings Account
  • Zero Balance Savings Account
  • ATM Withdrawal Limit: Rs.50000 & POS Limit: Rs.1 lakh
Offline Savings Account
Easy Access Savings Account
  • Rupay Platinum Debit Card
  • Personal Accident Insurance Cover – Rs.2 lakh
Prime Plus Savings Account
  • Free Visa Titanium Prime Plus Debit Card
  • 20 free branch transactions per month
Prime Savings Account
  • Secure Plus Debit Card
  • Unlimited ATM transactions at Axis Bank & Non-Axis Bank ATMs
 Women’s Savings Account
  • Exclusive savings account for Women
  • Earn rewards with eDGE Loyalty Rewards Programme
Senior Privilege Savings Account
  • Visa Classic Debit Card
  • Auto Sweep Facility (Earn High Interest Rates)
Future Stars Savings Account
  • Visa Classic Debit Card
  • Personal Accident Insurance Cover – Rs.2 lakh
Pension Savings Account
  • Zero Balance Savings Account
  • Personal Accident Insurance Cover – Rs. 2 lakh
Trust/NGO Savings Account
  • Unlimited access to funds
  • Visa Classic Debit Card
Insurance Agent Account
  • Personal Accident Insurance Cover of Rs 2 lakhs
  • 1 multicity cheque book free per quarter
YOUth Account
  • Visa Classic YOUth Card
  • Shopping Limit – Rs.1 lakh
Basic Savings Account
  • Zero Balance Savings Account
  • Free unlimited cash deposits and 4 free withdrawals p.m.
Small Basic Savings Account
  • Zero Balance Savings Account
  • Free RuPay Debit Card
Inaam Personal Account*
  • Visa Classic Debit Card
  • POS Limit – Rs.1 lakh
Pradhan Mantri Jan Dhan Yojana (PMJDY)
  • Zero Balance Savings Account
  • Free Rupay Debit Card
3-in-1 Online Investment Account**
  • 3-in-1 Account

*Sourcing discontinued for this product. Features for Existing Account Holders only** This product is no longer available.

AXIS Bank Online Savings Account

ASAP Instant Savings Account

Axis ASAP Savings AccountFeatures
Minimum Balance RequirementZero Balance Savings Account
Debit CardVirtual Debit Card / Optional Visa Online Rewards Debit Card
Interest Rate3.00% p.a.*
Auto Sweep FacilityYes
Eligibility CriteriaResident Indian above 18 years of age

Interest rates are subject to change without prior information.

Axis Bank launched their first ever digital savings account named Axis ASAP that can be opened anytime and anywhere by simply using your Aadhaar and PAN details. It is a zero balance savings account which offers a complimentary virtual debit card / optional Visa Online Rewards Debit card.

Axis ASAP Savings Account Features & Benefits
  • Enjoy a no-strings-attached Zero Balance Account
  • Get a Complimentary Virtual Debit Card / Optional Visa Online Rewards Debit Card to enjoy tons of online shopping offers
  • Avail Higher Interest Rates through auto-sweep Fixed Deposits facility above INR 10,000
  • Get account statements, fund transfers and bill payments for free
  • Daily withdrawal limit – Rs.50000; Purchase Limit – Rs.4 lakh with Online Rewards Card
  • Purchase Limit – Rs.1 lakh with Virtual Visa Card
  • Get your account number instantly
  • Shop or redeem your Axis eDGE Reward points

Eligibility Criteria

  • Individual of age 18 years and above
  • Resident Indian

Documents Required – Axis ASAP Account

To apply for an Axis ASAP account, you should have a PAN Card and Aadhaar Card and a mobile number linked with your Aadhaar number.

Fees & Charges

Check the fees and charges of the Axis ASAP account.

Axis ASAP AccountFees / Charges
Initial FundingNIL
Average Balance RequiredNIL
Account Service FeeNIL
Primary Card: Issuance FeesVirtual Visa Debit Card (No charge)

Visa Online Rewards Debit Card (Rs 300)

Primary Card: Annual FeesVirtual Visa Debit Card (No Charge)

Visa Online Rewards Debit Card (Rs 500)

Account ClosureRs 500**
*Terms and conditions** Charges are levied if account is closed between 14 days and 6 months. No charges would be levied if account is closed within 14 days of account opening or after 6 months
Fees on Cash Deposits and Withdrawals above limitsRs.5 per Rs.1000 or Rs.150, whichever is higher
RTGS Fees (Online)NIL
NEFT Fees (Online)NIL
IMPS FeesNIL
Axis Bank ATM: No. of Free TransactionsFirst 5 transactions (Financial + Non-Financial) free
Non- Axis Bank ATM: No of Free Transactions(Non-Financial) free in Metro Locations (Mumbai, Delhi-NCR, Chennai, Kolkata, Bangalore and Hyderabad ), or – First 5 transactions (Financial + Non-Financial) free in all Other Locations
Axis/Non-Axis ATM: Cash Withdrawal (financial transaction)fees beyond limitsRs.20 per transaction
Axis/Non-Axis ATM: Balance Enquiry (Non-financial transaction)fees beyond limitsRs.8.5 per transaction
International Cash Withdrawal fees (ATM)Rs.125
International Balance Enquiry fees (ATM)Rs.25

How to open Axis ASAP Savings Account online?

Anyone can open an ASAP savings account with Axis Bank through Paisabazaar. The steps involved in the process of online application are:

Step 1: In the first step, fill a Savings Account form on Paisabazaar with required personal data like annual income range, name, email id, contact number and city you live in. Once submitted the Savings Account tool automatically will provide personalized Savings Account options for you.

Step 2: In the second step, you can compare various Savings Account options offered by the tool interface and apply for the Axis ASAP Savings Account. You will be redirected to Axis Bank website. There you will be required to provide your basic and personal details to open your bank account in no time.

AXIS Bank Offline Savings Account

1. Easy Access Savings Account

Easy Access Savings AccountFeatures
Minimum Balance RequirementRs.10000 (in metros)
Debit CardRupay Platinum Debit Card (Joining Fee – Rs.200; Annual Fee – Rs.150 in metro & urban locations)
Interest Rate3.00% p.a.*
ATM Withdrawal Limit / Shopping LimitRs. 40000 / Rs.1 lakh (Daily)
Eligibility CriteriaIndian Resident Individuals & Hindu Undivided Families (HUFs)

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

2. Prime Plus Savings Account

Prime Plus Savings AccountFeatures
Minimum Balance RequirementRs.10000 (in metros)
Debit CardFree MasterCard Titanium Prime Plus Debit Card
Interest Rate3% p.a.*
ATM Withdrawal Limit / Shopping LimitRs. 50000 / Rs.1 lakh (Daily)
Eligibility CriteriaIndian Resident Individuals & Hindu Undivided Families (HUFs)

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

3. Prime Savings Account

Prime Savings AccountFeatures
Minimum Balance RequirementRs.25000 (in metros)
Debit CardSecure Plus Debit Card
Interest Rate3.00% p.a.*
ATM Withdrawal Limit / Shopping LimitRs. 50000 / Rs.75000 (Daily)
Eligibility CriteriaIndian Resident Individuals & Hindu Undivided Families (HUFs)

*Earn 3.50% p.a. interest on balance less than Rs.50 lakh.

4. Women’s Savings Account

Axis Bank Women’s Savings Account is exclusively available for women resident Indian only to offer simplified banking and financial independence.

Women’s Savings AccountFeatures
Minimum Balance RequirementRs.10000 (in metros)
Debit CardVisa Classic Debit Card
Interest Rate3.00% p.a.*
ATM Withdrawal Limit / Shopping LimitRs. 40000 / Rs.1 lakh (Daily)
Eligibility CriteriaAll Women Resident Indian

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

5. Senior Privilege Savings Account

Senior Privilege Savings Account by Axis Bank offers is exclusively available for individuals who are 57 years or older. Axis Bank provides preferential benefits to take the burden off banking.

Senior Privilege Savings AccountFeatures
Minimum Balance RequirementRs.10000 (in metros)

Rs. 5,000 in semi-urban centres

Rs. 2,500 in rural centres

Debit CardVisa Classic Debit Card
Interest Rate3.00% p.a.*
ATM Withdrawal Limit / Shopping LimitRs. 40000 / Rs.1 lakh (Daily)
Eligibility CriteriaIndividuals who are 57 years or older

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

6. Future Stars Savings Account

An Axis Bank savings account created specifically for children below 18 years of age. This savings bank account helps introduce the basic principles of money management to children. The features are:

Future Stars Savings AccountFeatures
Minimum Balance RequirementRs. 2,500 in metros

Zero Balance Savings Account (if FD of Rs. 25000 for 6 months / RD of Rs.2000 for a year is made)

Debit CardVisa Classic Debit Card (Issuance Fee – Rs.200)

Free ATM Card (For children below 10 years)

Interest Rate3% p.a.*
Personal Accident Insurance CoverRs.2 lakh
Eligibility CriteriaChildren under 18 years of age

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

7. Pension Savings Account

An Axis Bank Savings Account specially designed to provide stress free banking experience post retirement to pensioners. It comes with the following features and benefits:

Pension Savings AccountFeatures
Minimum Balance RequirementZero Balance Savings Account
Debit CardVisa Classic Debit Card
Interest Rate3.00% p.a.*
ATM Withdrawal LimitRs.40000
Eligibility CriteriaCentral/State Govt., Armed forces Employees eligible for Pension

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

8. Trust/NGO Savings Account

With Axis Bank Trust/NGO Savings Account, you can get end to end solutions for all the banking needs of your trust. Some of its features and benefits are as follows:

Trust/NGO Savings AccountFeatures
Unlimited access to fundsFree DD/PO, NEFT/RTGS, Cash Transactions
Debit CardVisa Classic Debit Card
Interest Rate3% p.a.*
ATM Withdrawal LimitRs.40000/Rs.1 lakh
Eligibility CriteriaEligible Trust/NGO**

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

** This Account can be opened by primary co-operative credit society financed by the bank, Khadi and Village Industries Boards, Agriculture Produce Market Committees, Societies registered under the Societies Registration Act, 1860 or any other corresponding law in force in state or Union Territory, Companies governed by the Companies Act, 1956 and licensed by the central government under Section 25, Development of Women and Children in Rural Areas (DWCRA), Farmers’ Clubs – Vikas Volunteer Vahini – VVV, Self-help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members.

9. Insurance Agent Account

Enjoy high withdrawal limits and low balance requirements with this unique account for insurance agents. It comes with the following features and benefits:

Insurance Agent AccountFeatures
Minimum Opening DepositRs.5000 (in metros)
Debit CardVisa Classic Debit Card
Interest Rate3% p.a.*
ATM Withdrawal LimitRs.40000/Rs.1 lakh
Eligibility CriteriaSpecifically Designed for Insurance Agents

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

10. YOUth Account

An Axis Bank saving account for the fast-pace young generation having a host of unique benefits and features like:

YOUth AccountFeatures
Lost Card Liability / Purchase Protection LiabilityRs.50000
Debit CardVisa Classic YOUth Card
Interest Rate3% p.a.*
ATM Withdrawal LimitRs.40000/Rs.1 lakh
Eligibility CriteriaResident Indian (Age group 18-25 years)

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

11. Basic Savings Account

Basic Savings AccountFeatures
Minimum Balance RequirementsZero Balance Savings Account
Debit CardFree RuPay Debit Card
Interest Rate3% p.a.*
ATM Withdrawal LimitRs.40000/Rs.1 lakh
Eligibility CriteriaAll Resident Indian (except existing customers)

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

12. Small Basic Savings Account

Small Basic Savings AccountFeatures
Minimum Balance RequirementsZero Balance Savings Account
Debit CardFree RuPay Debit Card
Interest Rate3.00% p.a.*
ATM Withdrawal LimitRs.40000/Rs.1 lakh
Eligibility CriteriaAll Resident Indian (except existing customers)

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

13. Inaam Personal Account**

Inaam Personal Account**Features
Free ATM TransactionsFirst 5 (Axis Bank ATMs)
Debit CardVisa Classic Debit Card
Interest Rate3.00% p.a.*
ATM Withdrawal LimitRs.40000/Rs.1 lakh
Eligibility CriteriaResident Indian

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh

** Sourcing discontinued for this product. Features for Existing Account Holders only

14. Pradhan Mantri Jan Dhan Yojana (PMJDY)

Pradhan Mantri Jan Dhan Yojana (PMJDY)Features
Minimum Balance RequirementZero Balance Savings Account
Debit CardFree Rupay Debit Card
Interest Rate6% p.a.*
Accidental Insurance Cover / Life Insurance CoverRs.1 lakh / Rs.30000
Eligibility CriteriaResident Indian (Above 10 years of age)

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.

15. 3-in-1 Online Investment Account**

3-in-1 Online Investment Account**Features
3-in-1 AccountDemat, Savings and Investment account
Offline AlertsAvailable
Single Account for Multiple InvestmentsInvest in Equity, Mutual Fund, SIP, IPO, Derivatives, Bonds, Non-convertible Debentures

*Earn 3.00% p.a. interest on balance less than Rs.50 lakh.
**This product is no longer available.

How to open Axis Bank Savings Account offline?

If you want to open any of the offline savings accounts from Axis Bank which are listed above, then you can do so by visiting the nearest Axis Bank branch.

Documents Required for Opening a Savings Account with AXIS Bank

The documentation for Axis Bank savings account is listed below. You need to carry photocopy of the documents (with their originals) and are required to be presented at the time of submitting the account opening form.

Individuals:
Proof of identity:
  • Any one or two of the following as mandated by the bank
  • Aadhaar card / letter issued by unique identification authority of India (UIDAI) containing details of address, name and father’s name (Mandatory)
  • PAN card or Form No. 60 / 61 (as applicable) (Mandatory)
  • Voter’s identity card
  • Passport
  • Driving license
Proof of address:
  • Any one or two of the following as mandated by the bank
  • Electricity bill / telephone bill
  • Bank account statement
  • Letter from any recognised public authority
  • Rent agreement indicating the address of the customer accordingly registered with state government or similar registration authority
  • Letter issued from employer (satisfaction of the bank)
  • 2 latest passport size photographs
  • If mailing address and permanent address are different, provide address proof documents for both
Hindu Undivided Family (HUFs)
  • Copy of PAN Card/ Form 60 of HUF
  • Declaration from the Karta
  • Proof of identification and address of Karta as per documentation for individual
  • Prescribed Joint Hindu Family Letter signed by all the adult holders
Documents required in case of Joint Account
  • Address and identity proof documents for both applicants
  • Address proof can be only of the First holder of the account, as long as it is supplemented by a relationship proof between both holders

For any queries, you can also contact Axis Bank using below-mentioned phone banking numbers.

To access Phone Banking services from anywhere in India, from a Landline or Mobile phone, you can contact Axis Bank on any of the following:

Phone Banking Numbers:
1-860-419-5555
1-860-500-5555
Phone Banking services from outside India
+91-22-67987700
Blocking of Debit / Pre-paid cards
24-hour Emergency Helpline Number +91 22 67987700
Loan Services
Available between 9 AM to 9 PM Monday to Saturday (excluding National Holidays)
Axis Bank Savings Account
(4/5 ) 5 Reviews
Write a review
Jan 12, 2017
5/5
Great facilities

The savings account from Axis has great facilities associated with it. My savings account has auto sweep facility where my money will earn at an interest rate of 8%. Additionally my savings will also earn 4% interest rate every quarter. I m very happy using this savings account from Axis.

Jan 10, 2017
4/5
Excellent services

I am very happy with my savings account which I am using since 7 months. I applied for my account and without any hassle my account got activated within 3 to 4 days. My savings deposit scheme will earn at 4% interest rate. The bank is also providing mobile banking services which can be used for my convenience to track my account and manage money.

Jan 10, 2017
4/5
Most reliable bank

I applied for an Axis Easy Access savings account at minimum opening balance of Rs 10,000. My savings account is entitled to earn 4% quarterly interest rates. The bank has advanced facilities of e-statements and e-passbook, which would help me to track my finances easily. Very good bank and I will surely recommend this to my friends and colleagues.

Dec 20, 2016
3/5
Good banking service

I choose Axis bank savings account account as it gave me the highest interest of all and best features. I could apply for my savings account in very less time. I would say Axis bank has always been very transparent about its features and benefits. The online and the phone banking is very satisfactory.

Dec 9, 2016
4/5
Great services

Great services by Axis bank. The loan application process was so easy with the fastest documentation and verification process. I am impressed with how the bank works. I would definitely recommend this bank to my friends. I took a loan against property from this bank and it got approved at 15% interest rate only.

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