All individuals who are residents of India can open a sole or joint Basic Savings Account. Applicant must not have an existing savings account with Axis Bank.
| Bank | Axis Bank |
| Category | Basic Savings Account |
| Minimum Balance | No minimum balance required |
| Interest Rate | 4% on Daily Balance; Paid quarterly |
| Card Offered | RuPay Debit Card |
Services Offered with Axis Bank Basic Savings Account
| Internet Banking | Yes |
| Mobile Banking | Yes |
| SMS Alerts | Yes |
| Passbook / e-statements | Yes |
| Cash Withdrawal | 4 free withdrawals per month (at Axis Bank ATMs and any other bank ATMs) |
Features Of Axis Bank Basic Savings Account
| Access | Over 11,500 Axis Bank ATMs and 2300 Axis Bank branches |
| Complimentary Debit Card | RuPay Debit Card with high withdrawal limit of Rs 40,000. |
| Easy Tracking of Account Activity | Track account activity easily with monthly e-statements or a passbook. |
| Cheque Book Facility | Get one free payable-at-par cheque book per year. |
Fees & Charges Of Axis Bank Basic Savings Account
| Charges for cash deposit for value up to Rs 1 lakh | Free |
| Charges for deposit beyond Rs 1 lakh | Rs 5 for every Rs 1000 deposited or Rs 150, whichever is higher. |
| ATM cash withdrawal beyond free limit | Rs 20 (financial transactions) Rs 8.5 (non-financial transactions) |
| NEFT Fees (Branch & Online) | Up to Rs 10,000 – Rs 2.5 per transaction; Rs 10,000 to Rs 1 Lakh – Rs 5 per transaction; Rs 1 Lakh to Rs 2 Lakh – Rs 15 per transaction; above Rs 2 Lakh – Rs 25 per transaction. |
| IMPS Fee | Up to Rs.1 Lakh – Rs 5 per transaction; Rs 1 Lakh to Rs.2 Lakh - Rs.15 per transaction. |
| Surcharge at petrol pumps | 2.5% on purchase value (minimum Rs 10) |
| Card Replacement Fee | Rs 150 |
| Additional Cheque Book Fee | Rs 50 per cheque book |
| DD/PO cancellation | Rs 100 |
| Stop Payment Instructions - Cheque | Rs 100 per cheque |
| Locker Fees | Varies depending on size & branch |
| Value Added SMS Alerts | Rs 5 per month |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
