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Product Details

Bank Name

Axis Bank

Account Name

Axis Basic Savings Account

Account Type

Savings Account

Interest Rate

Less than Rs. 50 Lacs-3.00% p.a. and Rs. 50 Lacs above but less than Rs. 800 Crs-3.50% p.a.

Free Debit Card

Rupay Debit Card

Axis Basic Savings Account
77.1

Account Opening Fees

0

Debit Card Charges

NIL

Annual Maintenance Fees

0

NEFT Charges

Free online

Minimum Account Balance

0

IMPS Charges

Free online

Fees and Charges of

Axis Basic Savings Account

Axis Basic Savings Account

Special Features

  • Zero balance saving account.

  • High withdrawal limit of Rs. 40,000 at ATMs and Rs. 1,00,000 for shopping transactions.

Eligibility Criteria

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

Benefits

Features, Eligibility and Benefits of

Axis Basic Savings Account

Pros & Cons of

Pros

  • Zero balance saving account.

  • High withdrawal limit of Rs. 40,000 at ATMs and Rs. 1,00,000 for shopping transactions.

  • Free RTGS/IMPS transactions.

Cons

Low interest rate.

Axis Basic Savings Account

Axis Basic Savings Account Review

The account comes with low interest rate and offers average value add features.

Abhijeet Saxena

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

Review of

Axis Basic Savings Account

Account Opening and Procedure of

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.

Application Procedure

Axis Basic Savings Account

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