Product Details
Bank Name
Axis Bank
Account Name
Axis 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
RuPay Republic Platinum
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
NIL
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Axis Republic Salary Account
Special Features
Zero opening balance and average balance requirements.
Users will get unlimited DD and chequebooks at Axis Bank location.
Debit card with higher withdrawal and shopping limits of ₹40,000 and ₹1 lakh, respectively.
15% off across Apollo pharmacies.
Eligibility Criteria
Account specially government companies and Public Sector unit (PSU)
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.
Zero opening balance and average balance requirements.
Users will get unlimited DD and chequebooks at Axis Bank location.
Debit card with higher withdrawal and shopping limits of ₹40,000 and ₹1 lakh, respectively.
15% off across Apollo pharmacies.
Cons
This account is available only to people in government companies and public sector units (PSUs).
Low interest rates.
Axis Republic Salary Account Review
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.