Product Details
Bank Name
Axis Bank
Account Name
Axis Prestige Digital Savings Account
Account Type
Saving 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
Prestige Debit Card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Monthly Balance: Rs. 75,000
Debit Card Charges
Free for the first year
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Axis Prestige Digital Savings Account
Special Features
Complimentary instant E-Debit card.
Annual benefits worth ₹25,000 on Prestige debit card.
Dining delights discounts and cashback worth ₹14,000.
Demat AMC waiver, insurance cover, locker discounts and debit and credit card fee waiver worth Rs. 5,100.
Reward points worth ₹2,400.
Flat 10% cashback every time shopping on Amazon.in and Flipkart via Grab Deals.
Cashback of 1% on fuel, 2% on shopping and 3% on travel using Axis Prestige cashback debit card with a monthly cap of ₹500.
With the complimentary MyZone credit card, users will get the benefits after 6 months of opening account, such as 40% discount on Swiggy on minimum transaction of ₹200, Buy 1 Get 1 offer on Paytm movies up to ₹200 every month, a 12-month SonyLIV subscription after activation, 4 EDGE Rewards for every ₹200 spent via card, access to the airport lounge, 1% cashback on online spending through an E-Debit card, benefit of personal accident cover of ₹10 lakhs.
Eligibility Criteria
Applicant must be an Indian citizen.
Applicant must have original PAN and Aadhaar card.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Benefits include more free transactions at any bank ATM, unlimited free NEFT and RTGS transactions, and DD/PO.
Users can enjoy up to 35% discount on 50+ brands across apparel, sports, travel, medicines, etc. using both physical and e-Daebit card.
Annual benefits worth ₹25,000 on Prestige debit card.
Dining delights discounts and cashback worth ₹14,000.
Demat AMC waiver, insurance cover, locker discounts and debit and credit card fee waiver worth Rs. 5,100.
Reward points worth ₹2,400.
Flat 10% cashback every time shopping on Amazon.in and Flipkart via Grab Deals.
Cashback of 1% on fuel, 2% on shopping and 3% on travel using Axis Prestige cashback debit card with a monthly cap of ₹500.
Cons
Low interest rates.
Axis Prestige Digital Savings 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.