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New Delhi-based Ravi, a young professional, has been considering opening a savings account to manage his money better. A bank that provided ease, adaptability, and a smooth banking experience was what he was looking for. After investigating several possibilities, he found the “Easy Access Digital Savings Account” offered by Axis Bank.
Ravi chose to create an online account and was intrigued by the features. The procedure was simple: he filled out the required forms, deposited the initial amounts using UPI, and gave his PAN and Aadhar details. His account became active in minutes, and he was issued an instant E-Debit Card that allowed him to make purchases immediately.
Ravi could easily manage his costs because of the increased withdrawal and purchasing limits he received with his new Easy Access Digital Savings Account.
Thanks to the Axis Mobile app, he could pay his bills, receive real-time information, and transfer money from the comfort of his home.
Ravi was sure that he had chosen the best decision for his financial requirements because of the effectiveness and ease of Axis Bank’s digital banking products.
Axis Bank provides a diverse range of savings accounts personalized to meet various financial needs. Each account type brings unique features and benefits to enhance your banking experience. Here is an overview of some of the key savings account options:
You can choose an account that fits your lifestyle and financial objectives because each one is made to appeal to a particular consumer segment. You can go to Axis Bank's official website for more thorough details.
Account Type | Description |
Easy Access Savings Account | A flexible account offering cashback on shopping, unlimited ATM transactions, and easy banking. |
Digital Savings Account | Opened online with instant activation, offering virtual debit cards and cashback benefits. |
Senior Privilege Savings Account |
Account Type | Features | Benefits |
Easy Access Savings Account | Minimum Balance requirement of ₹10,000 (metro), ₹5,000 (semi-urban), ₹2500 (rural). | Liberty Debit Card with cashback on shopping, food, and entertainment. |
Unlimited free ATM transactions across Axis Bank ATMs. |
Personalised debit card options.
Helps inculcate saving habits in children.
Pension Savings Account
Exclusively for Central Government, Defense, and Civil Ministry pensioners.
Hassle-free pension disbursements and no minimum balance requirement for the pension amount.
Axis Bank provides both online and offline methods to open savings accounts, providing flexibility to fit your preferences.
Designed for senior citizens, providing higher withdrawal limits, priority services, and benefits.
Future Stars Savings Account | Personalised for minors under 18 to help them inculcate saving habits, with personalised debit cards. |
Pension Savings Account | Dedicated to government pensioners, ensuring smooth pension disbursals and no minimum balance. |
Prime Savings Account | Premium savings account with exclusive benefits, cashback offers, and improved limits. |
Smart Privilege Savings Account | Designed for women, offering exclusive lifestyle and shopping benefits. |
Trust/ NGO Savings Account | Customised trusts, societies, and NGOs to manage their funds efficiently. |
Quarterly interest payouts. |
Digital Savings Account | Fully digital onboarding via Aadhar and PAN. | Instant Virtual Debit Card for online transactions. |
No paperwork, instant activation. | Cashback on Flipkart and Amazon via Grab Delas. |
Senior Privilege Account | Specially designed for senior citizens. | Priority banking services and exclusive discounts. |
Visa Platinum Debit Card with higher withdrawal limits. | Personalised offers for senior citizens. |
Future Stars Account | Designed for minors under 18 years. | Free ATM card for minors and paternal control over transactions. |
*T&C Apply
You can open a Digital Savings Account through Axis Bank’s online platform without visiting a branch. Here is a simple guide for you to follow:
Step 1: Visit the official website of Axis Bank.
Step 2: Now, you have to initiate the application, and for that, you have to click on the option to open a new account and provide your Aadhar number, PAN, and other basic details.
Step 3: Now, you will have to complete a video-based Know Your Customer (KYC); the process will be conducted to verify your identity. You must ensure that you have a device with a camera and a stable internet connection for this step.
Step 4: After successful verification, your account will be activated instantly. You will receive a virtual debit card immediately, and a physical one will be dispatched to your registered address.
If you like face-to-face interaction, you can open a savings account by visiting any Axis Bank branch.
Step 1: You must find the nearest Axis Bank branch using the branch locator on the website.
Step 2: You must carry the necessary documents, including proof of identity (such as an Aadhar card, passport, or voter ID), proof of address (like utility bills or rental agreements), and passport-sized photographs.
Step 3: At the branch, you must request a savings account opening form, complete it with accurate information, and submit it with your documents.
Step 4: The bank officials will verify your documents and process your application.
Step 5: Your account will be activated once your verification is done. You will receive your debit card and other account-related materials at the branch or by mail.
You must submit specific paperwork to open a savings account with Axis Bank to meet the bank's Know Your Customer (KYC) regulations. Among the necessary documents are:
1. Proof of Identity (POI):
A PAN card is mandatory for opening a savings account.
Recent passport-sized photographs are typically required.
Please note that different documentation may be needed based on your unique situation and the kind of savings account you want to open. For the most accurate and current information, visiting Axis Bank's official website or speaking with them directly is best.
Ensure all the paperwork is current and valid so the account opening procedure goes well.
Also Read - Axis Bank Zero Balance Account
As of January 8, 2025, Axis Bank provides the following interest rates on its savings accounts:
Account Balance | Interest Rate |
Less than ₹50 lakh | 3.00% |
₹ 50 lakh to less than ₹2,000 crore | 3.50% |
The requirement is for a variety of savings accounts, each with specific eligibility criteria:
Region-wise details (AUTO APPLIED BASIS YOUR BRANCH SELECTION)
1. METRO
2. URBAN
3. SEMIURBAN
4. RURAL
To accommodate its customers' diverse demands, Axis Bank offers a large selection of savings accounts that can be customized. Axis Bank offers alternatives for everyone, whether you're looking for a premium account with extra advantages, a flexible, easy-access account, or an account designed for a particular demographic like youngsters or seniors.
The qualifying requirements are obvious and simple to fulfil, and creating an account is a straightforward
process that may be completed online or offline. You can visit the official Axis Bank website to learn more about the various savings accounts and their perks.
Q. Types of Savings Bank Accounts available with Axis Bank?
To accommodate various needs, Axis Bank provides a variety of Savings Bank accounts. These include the following: Future Stars Saving Account, Women's Savings Account, Youth Savings Account, Trust/NGO Savings Account, Senior Privilege Savings Account, EasyAccess Savings Account, and Pension Savings Account.
Q. What is the transaction limit for the Axis Bank Prime Plus Savings Account?
You can make up to 20 free transactions at any Axis Bank branch each month. Transactions include requests for demand drafts and pay orders, as well as cash deposits and withdrawals.
Q. What does Axis Bank offer the different types of Savings Bank Accounts?
To accommodate different needs, Axis Bank offers a range of savings bank accounts. These include the following: Future Stars Saving Account, Trust/NGO Savings Account, Senior Privilege Savings Account, Women's Savings Account, YOUth Account, Pension Savings Account, EasyAccess Savings Account, and so forth.
