Product Details
Bank Name
Axis Bank
Account Name
Axis Bank Priority 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
Priority Platinum Debit card
Account Opening Fees
Debit Card Charges
NIL
Annual Maintenance Fees
NEFT Charges
Free online
Minimum Account Balance
0,(Salary accounts which do not receive salary credit in two consecutive calendar months INR 100/- per month will be applicable)
IMPS Charges
Free online
Fees and Charges of
Axis Bank Priority Salary Account
Special Features
- Users can avail "One Glance Statement" service to get a comprehensive overview of wealth and relationship with Axis Bank.
- Welcome benefits worth 2,500.
- Users will get complimentary Axis Bank Club Vistara Forex Card.
- Complimentary access to select domestic airport lounges.
- Daily ATM withdrawal limit of 1 lakh and shopping limit of 5 lakhs.
- Users enjoy a 10% additional discount on locker rent.
- Users can enjoy benefits of up to Rs. 2000 per quarter via reward points.
Eligibility Criteria
Employees with a net monthly salary credit of 1,00,000 will be eligible to open this account.
Benefits
Features, Eligibility and Benefits of
Axis Bank Priority Salary Account
Pros & Cons of
Pros
- Unlimited free fund transfers through NEFT/RTGS/IMPS.
- Users can avail "One Glance Statement" service to get a comprehensive overview of wealth and relationship with Axis Bank.
- Welcome benefits worth 2,500.
- Users will get complimentary Axis Bank Club Vistara Forex Card.
- Complimentary access to select domestic airport lounges.
- Daily ATM withdrawal limit of 1 lakh and shopping limit of 5 lakhs.
- Users enjoy a 10% additional discount on locker rent.
Cons
- Low interest rates.
- High monthly salary is required to open this account.
Axis Bank Priority 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
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 Bank Priority Salary 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 Bank Priority Salary Account
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