Product Details
Bank Name
Axis Bank
Account Name
Axis Digital Republic Salary Account
Account Type
Salary Account
Interest Rate
Less than Rs. 50 Lakh-3.00% p.a. and Rs. 50 Lakh and up to less than Rs. 800 Crs-3.50% p.a.
Free Debit Card
Axis Republic Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NIL
NEFT Charges
Free for online transactions.
IMPS Charges
Free for online transactions.
Fees and Charges
Axis Digital Republic Salary Account
Special Features
Users will get health benefits for senior citizen customers or parents of account holders.
Users will get 20% discounts on different brands by using Grab Deals.
Users will get Rs.125 off on a minimum order value of Rs.399 at select restaurants and Rs.300 off on Swiggy Dineout on a minimum order value of Rs.1500.
Users will get 8 complimentary access to select lounges at the airport within India.
Eligibility Criteria
This account can only be opened by defence personnel.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free RTGS/IMPS transactions.
10% discount on locker rent for the first year.
Personal accident cover of ₹20 lakhs and Air accident cover of 1 crore.
Users will get a daily withdrawal limit of Rs. 40,000 and a purchase limit of Rs. 1,00,000.
Users can get up to 20% discounts on partner restaurants.
Users will get health benefits for senior citizen customers or parents of account holders.
Users will get 20% discounts on different brands by using Grab Deals.
Users will get Rs.125 off on a minimum order value of Rs.399 at select restaurants and Rs.300 off on Swiggy Dineout on a minimum order value of Rs.1500.
Users will get 8 complimentary access to select lounges at the airport within India.
Cons
Low interest rates.
Eligibility criteria is not specified clearly by the bank.
Axis Digital Republic Salary Account
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Verify your identity using PAN and Aadhaar.
Provide your information.
Fulfill your KYC requirements through a video call.
Deposit funds into your account.