Axis Bank Savings Account

Last Updated : Feb. 11, 2025, 3 p.m.

Axis Bank is one of the leading commercial banks in India. It has over 5000 branches across the country. It was incorporated on 3rd December 1993 and is a top brand name in the banking industry. Axis Bank serves more than one million customers in India and is known for its service and reliability. Axis Bank provides competitive interest rates on deposits and savings accounts . In this article we will delve deeper into the types of axis bank savings account and which one is the most suitable for you.

Axis Bank Savings Account Interest Rate July 2025

Below are Axis Bank savings account interest rates :

Types of Axis Bank Savings Account

Let us discuss in more detail about the types of savings accounts and their attributes.

Basic Savings Account: This savings account is one of the most basic products offered by Axis Bank. It is a zero-balance account . The cash deposits for this savings account are free of charge. A debit card is issued and has access to multiple locations in India.

Easy Access Savings Account: This savings account can be made operational with the mobile banking facility. It comes with a secure plus debit card and any operations related to the account can be done online. It also includes a personal accident insurance cover.

Senior Privilege Savings Account: This savings account can be a perfect choice for all senior citizens because of its features.

• It has a low deposit rate.
• 24-hour banking assistance
• Exclusive senior citizen ID and preferential treatment at the bank
• Utility bill payment facility
• Up to 0.75% additional interest rates for fixed and recurring deposits
• Debit card with benefits

Liberty Savings Account: This account is unique as it provides the option to spend or maintain a minimum amount of Rs. 25,000 per month in the account. It provides cashback of up to 5% on spending money on weekends for travel, shopping etc.

Prestige Savings Account: This is the premium savings account offered by Axis Bank. It gives the benefit of 24-hour banking assistance, higher limits on transactions, entertainment benefits and cashback. It also offers discounts on bank lockers.

Priority Digital Savings Account: This is one of the best savings accounts for individuals looking for an elite banking experience. A complimentary virtual debit card with 1% cashback on every spend is offered by the bank. The priority debit card also offers benefits on travel, shopping etc.

Burgundy Digital Savings Account: This is the best option for NRI customers of Axis Bank. It offers a NRO and NRE variant and many benefits related to travel on the cards offered for this account.

Some other savings accounts offered by Axis Bank are -

• Prime Savings Account
• Woman Savings Account
• Youth Savings Account
• Future Stars Savings Account
• Pension Savings Account
• Infinity Savings Account, etc

Benefits of Axis Bank Savings Account

• Depending upon your financial goals, you can select the savings account types.
• The online account opening is easy and hassle-free.
• Competitive interest rates on savings accounts.
• 24-hour mobile and internet banking facilities.
• Special benefits for senior citizens and premier account holders.

Documents Required for Axis Bank Savings Account

To open an Axis Ban savings account, some of the documents needed are -

Individuals

• A PAN card is mandatory
• Form 16 in case you do not have a PAN card
• Adhaar card
• Driving licence
• Passport
• Utility bills
• Photographs
• For joint account holders, identity and address proof for both applicants is required.

HUF

• A joint Hindu family letter signed by the family members
• Karya declaration
• Address and identity proof of Karta
• The PAN card of Karta
• Form 16 in case Karta does not have a PAN card.

What is the Minimum Balance for an Axis Bank Savings Account?

The minimum balances to be maintained for the Axis Bank savings account are as follows:

Axis Bank Savings Account Charges & Fee

Below are some charges associated with the Axis Bank Savings Account:

How to open a Savings Account in Axis Bank?

Axis Bank savings accounts can be opened both online and offline. Both these ways can be very convenient and quick.

Online:

Step 1: You can navigate the Apply Online tab on the Axis Bank website.

Step 2: Choose the preferred branch and savings account type

Step 3: Fill in the application form and upload all the required documents

Step 4: Take the acknowledgement of the form to the branch office for verification

Step 5: Once verified, the bank will offer a welcome kit and open the savings account.

Offline:

Step 1: Carry all the necessary documents required for opening a savings account.

Step 2: All KYC-compliant are mandatorily checked by the bank officials

Step 3: Once all the details are verified, the bank provides a welcome kit

Step 4: A debit card is also offered depending upon the type of savings account.