Axis Bank Saving Account|Types|Interest Rates|Documents |Min Avg Balance


(Last Updated On: April 6, 2019)
Axis Bank is the largest private sector bank in the country and known as the one of the fastest growing bank providing a wide range of products and services to its clients in the field of personal, corporate and business banking. It sensed the different needs of the customers and designed its saving account services keeping in mind the benefits for the customers and how to cater different choices of the customers efficiently. Let’s understand the step by step details of the Axis Bank Saving Account-

Types of Axis Bank Savings Account

1. ASAP Instant Savings Account

ASAP Instant Savings Account Particulars
Minimum balance requirement No minimum requirement
Interest Rate 7.25%*
Online daily purchase limit 100000/-
Offers & Discount Rs 150 off on BookMyShow 20% off on BigBasket
Debit Card Virtual Visa Debit Card
Axis Bank Instant Savings Account comes with the auto sweep facility that provides it the feature of interest rate up to 7.25%(1 year FD Interest). Although normal Savings account offers interest up to 6% under Axis Bank. It’s a Zero Balance Saving Account.

2. EasyAccess Savings Account

EasyAccess Savings Account Particulars
Minimum balance requirement Rs.10,000
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount -Minimum 50% off on all their partners’ restaurants -Axis eDGE Reward points
Debit Card Rupay Platinum Debit Card
Daily ATM Withdrawal limit Rs. 40,000

3. Prime Plus Savings Account

Prime Plus Savings Account Particulars
Minimum balance requirement Rs. 10,000
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount -10% cashback on Movie Tickets -Earn up to 180 Axis eDGE Reward points         annually
Debit Card Visa Titanium Prime Plus
Daily ATM Withdrawal limit Rs. 50,000

4. Prime Savings Account

Prime Savings Account Particulars
Minimum balance requirement Rs. 25000
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount -Unlimited transactions of ATM at both Axis Bank and other banks’ ATMs -On Lockers and Demat account, preferential pricing is offered
Debit Card Secure Plus
Daily ATM Withdrawal limit Rs. 50,000

 5. Women’s Savings Account

Women’s Savings Account Particulars
Minimum balance requirement Rs. 10,000
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount A benefit of 15% discount at over 4000
Debit Card Visa Classic
Daily ATM Withdrawal limit Rs.40,000

6. Senior Privilege Savings Account

Senior Privilege Savings Account Particulars
Minimum balance requirement Metro-10,000 Semi-urban-5000 Rural- 2500
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount Higher FD Rates*
Debit Card Visa Classic
Daily ATM Withdrawal limit Rs. 40,000

7. Future Stars Savings Account

Future Stars Savings Account Particulars
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount Personalized image debit card Children under 10 year of age are provided free ATM card
Debit Card Visa Classic
Daily ATM Withdrawal limit Rs. 1500
Eligibility Children (Under 18 years)

8. Pension Savings Account

Pension Savings Account Particulars
Minimum balance requirement Zero Balance Savings Account
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount N.A.
Debit Card Visa Classic
Daily ATM Withdrawal limit Rs. 40,000

9. Trust/NGO Savings Account

Trust/NGO Savings Account Particulars
Minimum balance requirement Rs. 25000
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount Axis eDGE Reward points A benefit of 15% discount at over 4000 restaurants
Debit Card Visa Classic
Daily ATM Withdrawal limit Rs. 40,000
Under this account banking services are provided to NGO’s, Government bodies, societies, Section 25 organizations, Trusts. Axis bank delivers an MIS with all the detailed information on all the transactions for a month so that trusts can get the receipts for donors.

10. Youth Savings Account

Youth Savings Account Particulars
Eligibility Individuals between the age group of 18-25 years
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount 4 free cash transactions per month
Debit Card Visa Classic YOUth Card
Daily ATM Withdrawal limit Rs. 40,000

11. Basic Savings Account

Basic Savings Account Particulars
Minimum balance requirement Zero BAlance Savings Account
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount N.A.
Debit Card Rupay Debit Card
Daily ATM Withdrawal limit Rs. 40,000

12. Small Basic Savings Account

Small Basic Savings Account Particulars
Minimum balance requirement Zero BAlance Savings Account
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount N.A.
Debit Card Rupay Debit Card
Daily ATM Withdrawal limit Rs. 40,000

13. Inaam Personal Account 

Inaam Personal Account Particulars
Minimum balance requirement Zero BAlance Savings Account
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Offers & Discount Reward points under Axis eDGE A benefit of 15% discount at over 4000
Debit Card Visa Classic Debit Card
Daily ATM Withdrawal limit Rs. 40,000

14. Pradhan Mantri Jan Dhan Yojna(PMJDY)

Pradhan Mantri Jan Dhan Yojna(PMJDY) Particulars
Minimum balance requirement Zero BAlance Savings Account
Interest Rate 3.5% Interest-On Balance less than 50 lakh
4% Interest-On balance of 50 lakh but less than 100 crore
6% Interest- On or above balance of 100 crore
Debit Card Free Rupay Debit Card
Eligibility Indian Resident above 10 years of age

How to open Axis Bank Savings Account (Online)?

  • By using the web portal of Axis Bank, customers can open the savings account as per their requirement and preference.
  • Click on the “Apply Online” to fill and submit the application form to open the savings account.
  • Further personal details such as Name, Address, Telephone No, preferred branch, city and the type of Savings Account you need to open is required to enter.
  • After verification of the form, it needs to be submitted.
  • Required documents are also needed to be submitted along with application form.
  • After completing the whole process, the bank will provide you a welcome kit along with the Debit card.

How to open Axis Bank Savings Account (Online)?

Visit the nearest Axis Bank branch with your all the KYC documents. Contact the bank executive. He’ll provide you an application form. Fill all the information correctly, provide the required documents and submit it. After completion of the verification process from the bank, you will be provided with the welcome kit along with your Debit card and net banking details.

Saving Account Interest rates w.e.f 1st May 2018

Saving Account Balance Interest Rate
On Balance less than 50 lakh 3.5%
On balance of 50 lakh but less than 100 crore 4%
On or above balance of 100 crore 6%
On the basis of the bank policy, interest rate of the savings account can be renewed anytime.

Documents Required to Open a Saving Account

Following documents are needed to open a Saving Account in Axis Bank-
  • Identity Proof
    • PAN
    • Adhaar Card
    • Passport
    • Voter’s Identity Card
    • Driving License(DL)
  • Address Proof
    • Ration Card
    • Gas Connection registered documents
    • Electricity bill
    • Rent agreement showing the address
  • 2 passport size photos
In case if you want to close your Axis Bank Saving Account then an amount of Rs.500 will have to be pay by you as account closure charges. Read More- Everything You want to know about Savings Account All you want to know about State Bank of India Savings Account

CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.