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Product Details
Bank Name

Axis Bank

Account Name

Small Basic Saving Account

Account Type

Savings

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

Small Basic Saving Account
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

Small Basic Saving Account

0
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
Pros & Cons
Pros
  • Zero balance saving account.

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

Cons
  • Aggregate of all withdrawals and transfers in a month - maximum Rs. 10,000.

  • Aggregate of all credits in a financial year - maximum Rs. 1 Lakh.

  • Account balance at any point in time should be a maximum of Rs. 50,000.

  • Foreign Inward remittance is not permitted.

Application Procedure

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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.

Application Procedure
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