AXIS Bank Saving Account

ASAP Instant Savings Account

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. With just 3 quick steps, it is the fastest way to open a savings bank account. You don’t need to furnish your physical documents and do not have to worry about maintaining a minimum balance. It is a zero balance savings account, which promises to provide a convenient and stress free banking experience. Axis ASAP also brings transactional convenience through UPI facility and a complimentary virtual debit card / Optional Visa Online Rewards Debit Card to provide value added benefits through several deals and rewards and much more.

Features & Benefits

Your Axis ASAP account comes loaded with various features and benefits to make banking experience hassle-free and something never witnessed before.

• Enjoy a no-strings-attached Zero Balance Account
• Earn up to 6.75%* interest p.a. on your account balance
• 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 without paying any charges
• Online Rewards Card Daily withdrawal limit of Rs. 50,000/- and purchase limit of Rs. 4,00,000 /- Virtual Visa Card Online Daily Purchase limit of Rs. 1,00,000/-
• Get your account number instantly
• Shop or redeem your Axis eDGE Reward points
• Book your flights, bus tickets or hotels conveniently
• Book an FD/RD anytime and anywhere
• On Opening Axis ASAP Account, get a flat Rs 150 off (one-time offer) when you book tickets on BookMyShow through your ASAP account

* 6.75% p.a. interest through auto FD feature (balance above Rs. 10,000 get one year FD rate, currently at 6.75%)

Eligibility Criteria

• Individual of age 18 years and above
• Resident Indian

Documents Required

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 Account		Fees / Charges
Basic Service Fees	Initial Funding	NIL
	Average Balance Required	NIL
	Account Service Fee	NIL
	Primary Debit Card: Type	Virtual Visa Debit Card / Visa Online Rewards Debit Card (Optional)
	Primary Card: Issuance Fees	Virtual Visa Debit Card (No charge) / Visa Online Rewards Debit Card (Rs 300)
	Primary Card: Annual Fees	Virtual Visa Debit Card (No Charge) / Visa Online Rewards Debit Card (Rs 500)
	Cheque book Issuance: Number of Cheque books free	NA (No
	Account Closure	Rs 500**
	NetSecure with 1 Touch – Issuance fee	Rs 800
	*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
Transaction Fees	Daily withdrawal limit and Shopping limit	Online Rewards Card Daily withdrawal limit of Rs. 50,000/- and purchase limit of Rs. 4,00,000 /- Virtual Visa Card Online Daily Purchase limit of Rs. 1,00,000/-
	Fees on Cash Deposits and Withdrawals above limits	Rs.5 per Rs.1000 or Rs.150, whichever is higher
	RTGS Fees (Online)	NIL
	NEFT Fees (Online)	NIL
	IMPS Fees	NIL
	Axis Bank ATM: No. of Free Transactions	First 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 limits	Rs.20 per transaction
	Axis/Non-Axis ATM: Balance Enquiry (non financial transaction)fees beyond limits	Rs.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, the applicant 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.

1. Easy Access Savings Account

Easy Access Savings Account from Axis bank is a type of savings account apt for those who are beginning to save. It can be accessed from any part of the country. The features and benefits are as follows:

• Rupay Platinum Debit Card at a nominal fee of Rs. 200 and annual fee of Rs. 150 in metro and urban locations
• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Low Average Monthly Balance requirements of Rs. 10,000 in metros
• Personal accident insurance cover of up to Rs. 2 lakhs, if card is swiped once, every 6 months
• 5 Cash transactions or up to Rs.10 lakhs, whichever is earlier, free per month
• The account can be opened with a minimum opening deposit amount of Rs. 10,000 in metro cities and monthly e-statements to track transactions of your Easy Access Savings Account
• ATM withdrawal limit is Rs. 40,000 and shopping limit is Rs. 1 lakhs per day on the debit card issued by the bank
• eDGE Loyalty Rewards Programme gives account holders points for maintaining a minimum balance of Rs. 25,000 per month. Reward points are also earned by making account transactions like credit transactions worth Rs. 50,000 or more every month, Electronic Clearance System (ECS) transactions, standing instructions, opening of a Recurring Deposit account with an amount of Rs. 2,000 or more and opening an AxisDirect account

Eligibility

All Indian resident individuals and Hindu Undivided Families (HUFs) can open the account.

2. Prime Plus Savings Account

A unique Axis Bank savings account designed to enjoy higher transaction limits with the following features and benefits:

• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Free MasterCard Titanium Prime Plus Debit Card
• Daily ATM Withdrawal- Rs.50000 & Daily Shopping Rs.1 Lakhs
• 2 multicity cheque books free per quarter
• 20 free branch transactions per month without any limit on value
• 10% Cash-back on Movie Tickets (Maximum Cash back – Rs.1000 per year)
• Up to 20 free transactions (Cash Deposit/Withdrawals and Demand Draft/Pay Order requests) every month, at any Axis Bank branch
• Earn up to 180 eDGE Loyalty Reward points annually for paying your monthly bills through ECS
• Avail 25% discount on locker rent

Eligibility

To apply for Axis Bank Prime Plus Savings Account, you need to be:

• An individual residing in India
• A Hindu Undivided Family

3. Prime Savings Account

An Axis Bank savings account with a plethora of extra features such as enhanced access and higher transaction limits.

• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Secure Plus Debit Card
• The account can be opened with a minimum opening deposit amount of Rs. 25,000 in metro cities
• Increased ATM withdrawal limit of Rs. 50,000 and daily shopping limit of Rs. 75,000 on the debit card issued by the bank
• Free and unlimited ‘payable-at-par’ cheque books
• Free and unlimited Demand Drafts (DD) / Pay Orders (POs) at Axis Bank branches
• Higher cash transaction limits by way of first 10 transactions or up to Rs. 25 lakhs, whichever is earlier, free
• Unlimited and free ATM transactions at both Axis Bank and non-Axis Bank ATMs
• Preferential pricing on Lockers and De-Mat

Eligibility

All Indian resident individuals and HUFs can open this account

4. Women’s Savings Account

Axis Bank women’s savings bank account is designed for modern independent women. The features of this account are:

• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lakhs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lakhs
• The account can be opened with a minimum opening deposit amount of Rs. 10,000 in metro cities
• Low average monthly balance requirements of Rs 10,000 in metros
• First 5 transactions are free at Axis Bank ATMs. The first 3/5 transactions at non-Axis Bank ATMs in metro cities / non-metro cities are also free
• eDGE Loyalty Rewards Programme gives loyalty reward points for account related transactions which can be redeemed for attractive offers
• ATM withdrawal limit is Rs. 40,000 at ATMs and shopping limit is Rs. 1 lakhs per day on the debit card linked to the account
• 1 free payable-at-par cheque book is provided every quarter
• Visa Classic Debit Card is issued with the account at a fee of Rs. 200

Eligibility

All women residents of India can open the account

5. Senior Privilege Savings Account

A savings account designed for senior citizens with the following features:

• Visa Classic Debit Card with a daily ATM cash withdrawal limit of up to Rs 40000 and shopping limit of up to Rs 100000
• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Avail 0.5% preferential rate on Fixed Deposits / Recurring Deposits
• The bank gives preferential treatment at all Axis Bank branches where senior citizens are moved up the queue
• Utility bills can be paid automatically after a simple one-time registration
• With exclusive seniors ID card, get priority treatment at their branches and discounts at their partner healthcare centres
• Discount of up to 15% on purchases made at Apollo Pharmacies
• Debit card has a ATM cash withdrawal limit of Rs. 40,000/day and shopping limit of Rs. 1 lakh
• One multicity cheque book free per quarter
• eDGE Loyalty Rewards Programme gives loyalty points for account related transactions which can be redeemed for attractive rewards and offers

Eligibility

Any individual aged 57 years or above can open this account with a minimum deposit of Rs. 10,000 in metro cities and urban areas, Rs. 5,000 in semi-urban areas and Rs. 2,500 in rural areas.

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:

• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Low minimum opening deposit amount of Rs. 2,500 in metros
• One, free, payable-at-par chequebook per quarter
• Low Average Monthly Balance requirements of Rs. 2,500 in metros. No Average Monthly Balance requirement if Fixed Deposit of Rs. 25,000 for 6 months or Recurring Deposit of Rs. 2,000 for a year, is maintained
• ATM card free for children below 10 years of age with a daily withdrawal limit of Rs. 1,500
• For children above 10 years of age, an image of their choice can be printed on the debit card
• Visa Classic Debit Card is available at an economical issuance fee of Rs. 200
• The debit card includes a personal accident insurance cover of up to Rs. 2 lakhs if the card is swiped at least once in 6 months
• eDGE Loyalty Rewards Programme gives points for account transactions and these can be redeemed in lieu of attractive offers

Eligibility

Future Stars Savings Account can be opened by any child under the age of 18 years.

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:

• RBI and Central Pension Accounting Office (CPAO and EPFO) authorised pension account for existing and prospective pensioners of Central Government, Civil Ministries/Departments and Defence Ministry
• Get Visa Classic Debit Card at nominal fee of Rs 200
• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• No average quarterly balance requirements
• Daily ATM withdrawal limit of Rs 40000
• Get personal accident insurance cover of Rs 200000 upon swiping your card once every 6 months
• Earn Axis eDGE reward points for completing transactions

Eligibility

Individuals eligible for Pension Savings Account should be:

• Employees of central government and civil ministries who are covered under the Central Government Civil Pension Scheme operated by Central Pension Accounting Office, Department of Expenditure and Ministry of Finance
• Employees of the armed forces (Army, Navy and Air Force) in Ministry of Defence who are covered under the Defence Pension Scheme operated by Pension Sanctioning Authority/Defence Unit
• Employees of an establishment with workforce of more than 20 (including contract employees) and who have opted to be members of the EPS 95 scheme
• Existing members of ‘Member of Employees’ Family Pension Scheme

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:

• Visa Classic Debit Card
• Daily ATM Withdrawal – Rs.40000 & Daily Shopping – Rs.1 Lakhs
• Unlimited free branch cash transactions
• Free DD/PO, NEFT/RTGS, Cash Transactions
• Choice of four trust savings account variants depending on your requirement – Platinum, Gold, Silver and Standard
• Unlimited free cheque-books
• Salary disbursement solution for staff members
• Enjoy up to 15% discount at over 4000 restaurants
• eDGE Loyalty Reward Points

Eligibility

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:

• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Get Visa Classic Debit Card at nominal fee of Rs 200 and annual fee of Rs 150 in metro and urban locations
• Start with a concessional minimum opening deposit of Rs 5000 in metros
• Avail Personal Accident Insurance Cover of Rs 2 lakhs if card is swiped once, every 6 months
• Daily ATM Withdrawal – Rs.40000 & Daily Shopping – Rs.1 Lakhs
• 1 multicity cheque book free per quarter
• 5 Cash transactions or up to Rs 10 lakhs, whichever is earlier, free per month
• Enjoy up to 15% discount at over 4000 restaurants
• eDGE Loyalty Reward Points

Eligibility

As the name suggests, this savings account from Axis Bank is specifically designed for insurance agents to help them in their financial interests and future.

10. YOUth Account

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

• The look of the debit card can be customised by choosing an image of choice
• Visa Classic YOUth Card
• The debit card comes with a combined lost card liability and purchase protection liability of up to Rs. 50,000 for protection against fraudulent use and loss or damage of purchases made using the card
• The YOUth debit card allows daily ATM cash withdrawal up to Rs 40000 and shopping limit up to Rs 100000
• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• The first 5 transactions are free at Axis Bank ATMs. While the first 3 transactions are free at non-Axis Bank ATMs in metro locations and first 5 transactions free in non-metro locations
• eDGE Loyalty Reward Points
• 1 multicity cheque book free per quarter

Eligibility

The applicant has to be in the age group of 18 to 25 years

11. Basic Savings Account

A simple savings account from Axis Bank having the following features:

• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Enjoy a Zero Balance Account with no minimum balance requirements
• Free RuPay debit card with a daily withdrawal limit of Rs. 40,000 and daily POS limit of Rs. 1 lakhs
• Free unlimited cash deposits and 4 free withdrawals per month
• Personal accident insurance cover of Rs. 1 lakhs by using your card once, every 45 days

Eligibility

All Indian resident individuals can open the account provided they do not have any other savings account with Axis Bank prior to Basic Savings Account.

12. Small Basic Savings Account

A simple savings account from Axis Bank which helps you in your first banking step and provides you with following features and benefits:

• Free Rupay Debit Card with a personal accident insurance of Rs 1 lakhs in metros by using your Rupay card once, every 45 days
• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Enjoy a savings account with no minimum balance requirements
• The Rupay Debit Card enables you to have a daily ATM withdrawal limit of Rs 40000 and daily shopping limit of Rs 1 lakhs

Eligibility

An individual residing in India who does not have an existing savings account in Axis Bank, prior to opening the Basic Savings Account is eligible to open a Small Basic Savings Account.

13. Inaam Personal Account

Inaam Personal Account from Axis Bank provides you with multiple banking services with the benefits and features mentioned below:

• Get a Visa Classic Debit Card at a nominal issuance fee of Rs 200 and annual fee of Rs 150 in metro and urban locations
• Daily ATM Withdrawal limit of Rs.40,000 & Daily Shopping limit of Rs.1 Lakhs
• 1 multicity cheque book free per quarter
• 200,000 of deposit/withdrawal or 20 free branch transactions free per month
• Enjoy up to 15% discount at over 4000 restaurants
• First 5 transactions free at Axis Bank ATMs
• First 3 transactions free at non axis bank ATMs in a metro location and first 5 transactions free at non axis bank ATMs in a non-metro location
• Earn eDGE Loyalty Reward Points for monthly credit transactions of Rs 50000 or more, opening a recurring deposit of Rs 2000 or more, opening an AxisDirect account, maintaining a minimum monthly balance of Rs 25000

Eligibility

Any individual residing in India is eligible to open Axis Bank Inaam Personal Account.

14. Pradhan Mantri Jan Dhan Yojana (PMJDY)

A Pradhan Mantri Jan Dhan Yojana (PMJDY) comes loaded with the following benefits and features:

• Bank with a Free Rupay Debit Card
• Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
• Enjoy a savings account with no minimum balance requirements
• Accidental insurance cover of Rs. 1 lakhs and Life insurance cover of Rs. 30,000 available to all account holders, at no charge or premium only if card is used at least once in 45 days

Eligibility

Any individual above the age of 10 years is eligible for Pradhan Mantri Jan Dhan Yojana (PMJDY).

15. 3-in-1 Online Investment Account*

3 in 1 Online Investment Account comes loaded with the benefits of savings, Demat and Investment accounts in one account. It comes with the following benefits and features:

• Single Account for All Investments – Demat, Savings and Investment account
• Research stocks based on either pre-defined or customised parameters, both at the same time
• Intelligent alerts that facilitate timely action on portfolio even when you are not online
• Open a single account to invest in Equities, Mutual Funds, Systematic Investment Plans, Initial Public Offerings, Derivatives, Bonds, Non Convertible Debentures, Equity Traded Funds and Company Fixed Deposits. ‘Trade Passport’ to securely trade from any website

*This product is no longer available.

Applying for a Offline Savings Account from Axis Bank

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’s branch.

Axis Bank savings accounts interest rate for offline accounts is 4% per annum if the balance in the account is over Rs. 50 lakhs and up to Rs 10 crore. For balances less than Rs. 50 lakhs, the rate of interest provided is 3.5% per annum. Earn 6% p.a. interest on savings account balance above Rs 10 crore. Axis Bank Savings account charges are subject to renewal on the basis of bank’s policy.

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

Individuals:

1. Proof of identity:

• 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

2. 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)

3. 2 latest passport size photographs
4. 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