Axis Bank Current Account

This account variant comes with low minimum balance requirement and provides users with added advantages including unlimited intercity cash withdrawal, free fund transfer from one bank account to another and more.

Key Features	Charges
Monthly Average Balance	Rs.10,000
Non-maintenance of balance	Rs.1000
Cash deposit limit (Home & Non-Home branch)	Free up to Rs.2 lakh per month
Cash withdrawal	Unlimited daily intercity withdrawal
Cheque Book leaves	Rs.2 per leaf
Demand Drafts / Pay Orders	Rs.2 / 1000
Account maintenance charges	Rs.50 per month
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

With this account  variant, the users get added privileges including free 50 cheque leaves, free cash deposit limit of up to Rs.3 lakh per month, free NEFT and RTGS inward & outward transactions and more.

Key Features	Charges
Monthly Average Balance	Rs.25,000
Non-maintenance of balance	Rs.1200
Cash deposit limit (Home & Non-Home branch)	Free up to Rs.3 lakh per month
Cash withdrawal	Unlimited intercity withdrawal
Cheque Book leaves	Free 50 cheque leaves
Demand Drafts / Pay Orders	Rs.2 / 1000
Account maintenance charges	Rs.50 per month
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

The customers get free and unlimited intercity cash withdrawal, NEFT and RTGS inward and outward transactions free, free 100 cheque leaves and more.

Key Features	Charges
Monthly Average Balance	Rs.50,000
Non-maintenance of balance	Rs.1500
Cash deposit limit (Home & Non-Home branch)	Free up to 12 times of MAB
Cash withdrawal	Unlimited intercity withdrawal
Cheque Book leaves	Free limit of 100 cheque leaves
Demand Drafts / Pay Orders	Rs.2 / 1000
Account maintenance charges	Rs.50 per month
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

This account variant is best suited for high wage earners as it comes with a high minimum balance requirement. The account provides users with free demand drafts and pay orders, free cash deposit limit of up to Rs.12 lakh per month and more.

Key Features	Charges
Monthly Average Balance	Rs.1 lakh
Non-maintenance of balance	Rs. 2000
Cash deposit limit (Home & Non-Home branch)	Free up to Rs.12 lakh per month
Cash withdrawal	Unlimited intercity withdrawal
Cheque Book leaves	Free limit of 200 cheque leaves
Demand Drafts / Pay Orders	Free
Account maintenance charges	Rs. 50 per month
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

The account holders need to maintain a high minimum balance in the account. The users get the added advantage of free DD / PO, zero account maintenance charges, free 500 cheque leaves, free fund transfer facility and more.

Key Features	Charges
Monthly Average Balance	Rs.5 lakh
Non-maintenance of balance	Rs.3000
Cash deposit limit (Home & Non-Home branch)	Free up to Rs.60 lakh per month across any Axis Bank branch
Cash withdrawal	Up to Rs.25 lakh per month (intercity)
Cheque Book leaves	Free limit of 500 cheque leaves
Demand Drafts / Pay Orders	Free
Account maintenance charges	Nil
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

The customers are required to maintain a rather high minimum balance for this account variant. However they can avail extra privileges including free 1000 cheque leaves, free DD / PO, free NEFT and RTGS inward and outward transactions and more.

Key Features	Charges
Monthly Average Balance	Rs.10 lakh
Non-maintenance of balance	Rs.7000
Cash deposit limit (Home & Non-Home branch)	Free up to Rs.1.2 crore per month across any Axis Bank branch
Cash withdrawal	Up to Rs.60 lakh per month
Cheque Book leaves	Free limit of 1000 cheque leaves
Demand Drafts / Pay Orders	Free
Account maintenance charges	Nil
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

The users get advantages including free cheque book leaves, free demand drafts / pay orders, zero account maintenance charges, free and unlimited cash withdrawal and more.

Key Features	Charges
Quarterly Average Balance	Rs.50 lakh
Non-maintenance of balance	Rs.25,000
Cash deposit limit (Home & Non-Home branch)	Free up to Rs.2 crore per month across any Axis Bank branch
Cash withdrawal	Free unlimited cash withdrawal at any non-home branch
Cheque Book leaves	Free
Demand Drafts / Pay Orders	Free
Account maintenance charges	Nil
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

The users are not required to maintain any monthly average balance plus they can avail added advantages including free cash deposit limit of Rs.3 lakh per month, free 75 cash withdrawal transactions and more.

Key Features	Charges
Monthly Average Balance	Nil
Annual Charges	Rs.1999 + Service Tax
Cash deposit limit (Home branch)	Free up to Rs.3 lakh per month
Cash withdrawal (Home branch)	Free within 75 transaction limit
Cash Withdrawal (inter-branch)	Rs.50 charges above free limit
NEFT / RTGS fees	NEFT- Rs.25 on transactions above Rs.2 lakh RTGS- Rs.50 on transactions of Rs.5 lakh & above

This is a zero balance current account provided by Axis Bank. The users get added privileges including free demand drafts / paye order, free account statement, free NEFT and RTGS inward and outward transactions and more.

Key Features	Charges
Monthly Average Balance	Nil
Annual Charges	Rs.1000
Cash deposit limit (Non-Home branch)	Maximum of Rs.1 lakh per day
Cash withdrawal (Home Branch)	Rs.1 lakh on daily basis
Third Party Cash withdrawal	Rs.50,000 on daily basis
Demand Drafts / Pay Orders	Free
Account statement	Free
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

This account variant allows users to customise his or her account according to their preference.  The users can even decide the average account balance they wish to maintain.

Key Features	Charges
Monthly Average Balance	Customisable Average Balance
Cash deposit limit (Home & Non-Home branch)	Decide the free monthly cash deposit limit
Cash withdrawal	Decide the free monthly cash withdrawal limit
Monthly Transactions	Choose the number of free transactions per month
Debit Card	Design Debit Card option available
Cheque leaves	Select the number of free cheque leaves

This is a zero balance current account provided by Axis Bank. The users get the privilege of free cheque book leaves, free withdrawals, free DD / PO, unlimited and free transaction limit and more.

Key Features	Charges
Monthly Average Balance	No minimum balance requirement
Cash deposit limit (Home & Non-Home branch)	Free
Cash withdrawal	Free withdrawals
Cheque Book leaves	Free
Demand Drafts / Pay Orders	Free
Transaction Limit	Unlimited + Free transactions
NEFT / RTGS fees	Free for both inward & outward transactions

The users can avail added advantages including free cash deposit limit of Rs.1 lakh per day, free fund transfer within Axis Bank accounts, unlimited cash withdrawals from home branch and more.

Key Features	Charges
Monthly Average Balance	Rs.25 lakh for the whole pool
Cash deposit limit (Home Branch)	Free up to Rs.1 crore per pool
Cash deposit limit (Non-Home Branch)	Free up to Rs.1 lakh per day, per account
Cash withdrawal (Home Branch)	No limit
Cash withdrawal (Non-Home Branch)	Maximum of Rs.2 lakh per day
Fund Transfer	Free fund transfers within Axis Bank accounts
NEFT / RTGS fees	NEFT- Rs.25 on transactions above Rs.2 lakh RTGS- Rs.50 on transactions of Rs.5 lakh and above

With this account variant, the users can avail privileges including zero non-maintenance charges, free cash deposit limit of Rs.50 lakh per month, unlimited and free transactions and mor

Key Features	Charges
Monthly Average Balance	Rs.25,000
Non-maintenance of balance	Nil
Cash deposit limit (Home & Non-Home branch)	Rs.50 lakh per month
Cash withdrawal (Non-Home branch)	Up to Rs.25 lakh per month
Cheque Book leaves	Free 2000 cheque leaves per month
Total free transactions	Unlimited
NEFT charges	Free if MAB is maintained
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

This is a zero balance current account provided by Axis Bank. The users can get the extra advantages including free at par cheque drawing, free fund transfer limit of Rs.25 lakh per month and more.

Key Features	Charges
Monthly Average Balance	Nil
Cash transactions (Home & Intercity branch)	8 times of MAB (maximum of Rs.50 lakh)
Third Party deposit	Not permitted
Fund Transfer / Inter SOL clearing	Free up to Rs.25 lakh per month
Remote Pay Order charges	Minimum Rs.100 per Pay Order
Account maintenance charges	Free for MAB above Rs.10 lakh
NEFT outside Axis Bank	Up to Rs.1 lakh- Rs.5 Above Rs.1 lakh- Rs.25
At Par Cheque Drawing	Free

This account variant is available in 4 types. The user can choose from the specific currency available and has the option to maintain the desired amount in the foreign currency balance.

Key Features	Charges
Hold account in 4 currencies	USD, EURO, GBP and Japanese Yen
Foreign currency balance	Maintain the desired amount
Low minimum opening deposit	USD 100 / GBP 60 / EURO 100 / Japanese Yen 20,000
Non-maintenance of MAB	5% quarterly charges on failure
Foreign currency transaction charges	Zero commission charges

The customers can avail extra privileges including free and unlimited monthly transactions, free DD / PO, free 200 cheque leaves, free NEFT & RTGS inward and outward transactions and more.

Key Features	Charges
Monthly Average Balance	Rs.50,000
Non-maintenance of balance	Rs.1500
Cash deposit limit (Home & Non-Home branch)	Up to 12 times of MAB
Free monthly transactions	Unlimited
Cheque Book leaves	Free limit of 200 cheque leaves
Demand Drafts / Pay Orders	Free
Account maintenance charges	Rs.50 per month
NEFT / RTGS fees	Free for both inward & outward transactions
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

This is a zero balance current account provided by Axis Bank. The customers can avail facilities including free fund transfer across all locations, free mobile alerts, free cash deposit limit of Rs.2 lakh per day.

Key Features	Charges
Monthly Average Balance	Nil
Cash deposit limit (Non-Home branch)	Rs.2 lakh per day
Maximum third party deposit	Rs.50,000 per day
Cash withdrawal (Non-Home branch)	Rs.5 lakh per day
Fund Transfers	Free fund transfers across all locations
Mobile Alerts	Free
Account Closure charges	Less than 1 year: Rs.500 More than 1 year: Rs.250

All individuals possessing acceptable KYC documents are eligible for opening a Current Account in Axis Bank. Below given is the list of business entities (customers) who can open Axis Current Account:

• Individuals
• Public or Private Limited Companies
• Partnership Firms
• Proprietorship Firms
• Trusts
• Hindu Undivided Family (HUF)

Given below is the list of documents required for opening a current account at Axis Bank.

Basic Common documentation

Proof of identity- PAN Card, Voter ID Card, Passport, Driving License Proof of address- Latest telephone bill or electricity bill

Documents for Public or Private Limited Companies

Certificate of Incorporation Memorandum and Article of Association Board resolution PAN or GIR number List of directors with a residential address

Documents for Partnership Firms

Registration Certificate & Partnership Deed Shop & Establishment Certificate Approval letter from partners

Documents for Proprietorship Firms

Certificate from State government or Trade License or Sales Tax Certificate Letter of Proprietorship

Documents for HUF

Letter of HUF signed  by Karta and all Coparceners PAN or GIR number Names & residential address of Karta and all Coparceners Latest passport size photograph

Documents for Trusts

Copy of trust deed and registration certificate Copy of resolution by the trustees List of trustees with a residential address Photographs of members Bye-laws of the association or club Copy of resolution by the board

The users can apply for Axis Bank Current Account via phone banking or by visiting the nearest bank branch. Below listed are the steps one needs to follow for Axis Bank Current Account opening.

Via Phone Banking

Step 1: Visit the official website of Axis Bank & Go to the ‘Current Account’ section.

Step 2: Choose one from the different variants available.

Step 3: Click on the ‘Apply Now’ section and proceed further.

Step 4: In the drop-down menu, fill the required details like name, address, email, state, city, etc. and click on ‘Submit’. The Axis Bank Current Account application status can be tracked by all users. Have a look at the below-displayed picture – 

Step 5: Once the application is submitted successfully, the Axis Bank representative will give a call to the user for further assistance and documentation.

By Visiting Bank Branch

Step 1: Users can visit the nearest bank branch and fill the Axis Bank Current Account opening form. 

Step 2: After completion, the form needs to be submitted along with the required KYC acceptable documents. 

The Axis Bank Current Account opening form can be downloaded from the official bank’s website. The form can then be submitted along with the required KYC acceptable documents at the nearest bank branch. Also, Axis Bank Current Account closure form can also be downloaded from the bank’s official website.

Q. What is the average monthly balance for Sweeps Current Account?

A. The minimum average balance for Sweeps Current Account is Rs.25 lakh.

Q. Are the fund transfer free between Axis Bank Accounts?

A. Yes, Fund Transfers are free for Axis Bank accounts.

Q. Is there a penalty for not maintaining Average Monthly Balance?

A. Yes, the bank levies penalty for non-maintenance of account balance. However the amount differs from one account variant to another.

Q. What is the charge for applying to mobile alerts for day end balance?

A. The charge for applying to mobile alerts is Rs.10/ month.

Q. Who can open Axis Bank Current Account?

A. Current Accounts can be opened by individuals, partnership firms, private and public limited companies, HUFs/ specified associations, societies, trusts etc.