Product Details
Bank Name
Axis Bank
Account Name
Axis Senior Privilege Savings Account
Account Type
Savings Account
Interest Rate
Less than Rs. 50 Lacs-3.00% p.a. and Rs. 50 Lacs and up to less than Rs. 800 Crs-3.50% p.a..
Free Debit Card
No
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Average Quarterly Balance (AQB) of Rs.12,000
Debit Card Charges
Visa Platinum, Rs.200 annually.
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Axis Senior Privilege Savings Account
Special Features
Upto 15% discount on Medicines and other purchases at over 4,000 Apollo Pharmacies.
Users will get preferential rates on Fixed Deposits/Recurring Deposits.
Up to 30% discount on Healthcare services in the comfort of home from Portea.
Complimentary 6-month Sony Liv subscription.
Flat 50% refund on Axis Direct Smart Edge- Al subscription fee.
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Daily ATM withdrawal limit of ₹40,000 and purchase limit of ₹3 lakhs.
Users will get preferential rates on Fixed Deposits/Recurring Deposits.
Up to 30% discount on Healthcare services in the comfort of home from Portea.
Complimentary 6-month Sony Liv subscription.
Flat 50% refund on Axis Direct Smart Edge- Al subscription fee.
Personal accident cover of ₹2 lakhs.
Cons
Low interest rate
Axis Senior Privilege 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.