Axis Bank Prime Plus Savings Account
The Axis Bank Prime Plus Savings Account is rebranded as the Axis Bank Liberty Savings Account. It requires a monthly average balance of Rs. 25,000. Alternatively, you can spend Rs. 25,000 per month using the account.
The initial interest rate on the account balance is 3.5% p.a. Additionally, you'll receive a Liberty Debit Card with cashback offers on shopping, travel, food, and entertainment during weekends. Furthermore, you can enjoy insurance coverage, quarterly gift vouchers, and round-the-clock banking services.
Features Of Axis Bank Prime Plus Savings Account:
- Choose between maintaining a minimum balance or spending Rs. 25,000 per month through the account.
- Spending includes merchant payments made through your account (Internet Banking or Axis Mobile or UPI) and debit card transactions (offline or online payments).
- Enjoy a flat 5% cashback on weekend spending across Food, Entertainment, Shopping, and Travel.
- Weekend includes Saturday and Sunday only.
- Redeemable cashback up to Rs. 500 per month and up to Rs. 1,000 in the customer's birthday month.
- Daily ATM Withdrawal Limit of Rs. 50,000 and Shopping Limit of Rs. 3 lakh.
- A higher number of free transactions at any bank's ATM.
- Up to 15% discount across more than 4,000 partner restaurants across India.
- Receive a gift voucher worth Rs. 750 of your choice on spends of Rs. 60,000 in a financial quarter.
- Choice across Amazon, Ola, Lifestyle, Croma, and Spencers.
- Customers who are eligible will receive an email from axisbankspends@gyftr.com' to claim and then redeem the voucher.
- Save over Rs. 15,000 in a year through this account.
- 5% Weekend Cashback Benefit Value: Rs. 6,000
- Dining Delights Benefit Value: Rs. 4,800
- Banking Privileges Benefit Value: Rs. 2,820
- Gift Voucher (quarterly) Benefit Value: Rs. 1,500
- Free Unlimited Online RTGS and NEFT transactions.
- Personal Accident Cover of up to Rs. 5 lakh.
- Air Accident Cover of Rs. 1 crore.
- Earn 3.0% p.a. to 3.5% p.a. interest on daily balances quarterly.
- Access to a wide network of more than 15,000 Axis Bank ATMs and more than 5,100 Axis Bank Branches.
Category | Description | Charges |
Basic Service Fees | The account service fee for metro areas is Rs. 10 for every Rs. 100 shortfall or Rs. 500, whichever is lower.No charges for DD or PO issuance.One free chequebook annually, Rs. 5 per leaf thereafter.Closure within 14 days to one year incurs Rs. 500; after one year, no closure charges.NetSecurewith One Touch issuance fee: Rs. 1,000.The first 15 transactions are free each month; Rs. 75 per subsequent transaction. | Rs. 150 minimum fees, waived with TRV or AMB maintenance. |
Convenience Fee | Card replacement fee: Rs. 200.Duplicate passbook: Rs. 75; Duplicate PIN (branch mode): Rs. 100.Rs. 75 per physical statement at the branch for previous quarters.Stop payment instructions for cheques: Rs. 50 per cheque, max Rs. 100 for series.ECS stop payment charge: Rs. 100.DD or PO revalidation or duplicate or cancellation fee: Rs. 100 each.Address confirmation or balance certificate or signature verification or photo attestation: Rs. 50 each.Value-added SMS alerts: Rs. 5 per month.NetSecure with One Touch replacement fee: Rs. 800. | Additional chip and PIN card replacement: Original fee + Rs. 50. |
Transaction Fees | Daily POS transaction limit: Rs. 3 lakhs; daily ATM withdrawal limit: Rs. 50,000.Non-home branch cash transaction fees: Rs. 5 per Rs. 1,000 or part thereof, min Rs. 150; Rs. 10 per Rs. 1,000 for third-party transactions.Cash handling fee: Rs. 100 per bundle (100 notes).Speed clearing of cheque fee (Rs. 1 lakh+): Rs. 150.The first 30 transactions are free monthly; Rs. 20 per subsequent transaction.Outstation cheque collection fee: Rs. 25-Rs. 200 depending on amount.No fees for online NEFT or RTGS; IMPS fees: Up to Rs. 15 per transaction.Inactivity fee from 18 months to 24 months: Rs. 100.Axis or non-Axis ATM cash withdrawal beyond limits: Rs. 20 per transaction.ECS or NACH transaction fee: Rs. 25; International cash withdrawal at ATM: Rs. 125; International balance enquiry: Rs. 25.Cross-currency markup on international debit card transactions: 3.5%. | Monthly cash transaction free limit for metro or urban: First five transactions or Rs. 2 lakhs. |
Transaction Failure | Outward cheque return: Rs. 200 per cheque.Outstation cheque return fee: Rs. 150 per cheque.Standing instruction failure on credit card dues or loan EMIs: Rs. 250 + GST.Additional fees for non-maintenance of balance.ECS or NACH debit failure: Rs. 650 per instance; inward cheque return: Rs. 300 per instance.Transaction declined at POS or ATM due to insufficient balance: Rs. 50 per instance.International transaction fees: Cross-currency markup of 3.5%. | Inward cheque return: Rs. 500 (financial reasons), Rs. 50 (non-financial reasons).ECS debit failure: Rs. 500 per instance.Auto debit failure: Rs. 650. |
Axis Bank Prestige Cashback Debit Card for Prime Plus Account Holders:
Upon opening a Prime Plus or Liberty Savings Account, you will be provided with the Prestige Cashback Debit Card, offering various advantages:
- No issuance fee is applicable for this card.
- Cashback offers include 3% on travel, 2% on shopping, and 1% on fuel.
- A quarterly cashback limit of Rs. 1,500 is available.
- Earn double eDGE Loyalty Rewards points.
- Enjoy free and unlimited ATM transactions at both bank and non-bank ATMs.
- The withdrawal limit is Rs. 1 lakh for ATMs and Rs. 4 lakh for POS transactions.
- Additionally, account holders are entitled to a complimentary My Zone Credit Card.
Complimentary My Zone Credit Card for Prime Plus Account Holders:
The Liberty or Prime Plus Savings Account offers the following features:
- One complimentary airport lounge access every quarter.
- A 25% cashback on movie ticket purchases.
- Enhanced security with an EMV-certified chip.
- Option to convert purchases above Rs. 2,500 into EMI.
- Increased Axis eDGE Loyalty Rewards points.
Annual Benefits for Axis Bank Prime Plus Savings Account:
For the Axis Bank Prime Plus Savings Account, the annual benefits total Rs. 25,000, which includes:
- Card benefits such as discounts on Dining Delights and cashback on spends amounting to Rs. 14,000.
- Rs. 2,400 worth of 2x accelerated Axis eDGE rewards points, redeemable for various purposes.
- Everyday Banking benefits are valued at Rs. 3,500, covering a higher number of free cash transactions, unlimited ATM transactions, and chequebooks.
- Complimentary services worth Rs. 5,100, including insurance cover, locker discounts, no Demat AMC fees for the first year, waiver of fees for debit card issuance and an annual fee for the Myzone Card (Credit Card).
Eligibility Criteria
Below are the eligibility requirements for the Axis Bank Liberty Savings Account/Prime Plus Savings Account:
- Residents of India, whether individuals or Hindu Undivided Families (HUF), are eligible.
- The account can be opened in the name of a single individual or jointly.
Documents Needed to Open Axis Bank Prime Plus Savings Account
Given below is the list of the documents that you need to submit to open an Axis Bank Prime Plus Savings Account:
- Proof of Identity: Permanent Account Number (PAN) card, Aadhar card, Voter ID card, NREGA card, and identity card issued by the government.
- Proof of Address: Aadhar card, Ration card, utility bills, passport, etc.
- Two passport-size photographs.
Savings Account Popular Pages
FAQs on Axis Bank Prime Plus Savings Account
- Can I choose between maintaining a minimum balance or spending Rs. 25,000 per month through the Axis Bank Prime Plus Savings Account (Liberty Savings Account)?
Yes, you have the flexibility to opt to either maintain the minimum balance or spend Rs. 25,000 per month through your account with the Axis Bank Prime Plus Savings Account (Liberty Savings Account).
- What transactions are included in the spending requirement of Rs. 25,000 per month with Axis Bank Prime Plus Savings Account (Liberty Savings Account)?
The spending includes merchant payments made through your account using Internet Banking, Axis Mobile, UPI, and debit card transactions (offline or online payments) with Axis Bank Prime Plus Savings Account (Liberty Savings Account).
- What cashback offers are available on the Axis Bank Prime Plus Savings Account (Liberty Debit Card)?
You can enjoy a flat 5% cashback on weekends spent across food, entertainment, shopping, and travel with the Axis Bank Prime Plus Savings Account (Liberty Debit Card).
- What are the limits for ATM withdrawals and shopping with the Axis Bank Prime Plus Savings Account (Liberty Savings Account)?
The daily ATM withdrawal limit is Rs. 50,000, and the shopping limit is Rs. 3 lakh with Axis Bank Prime Plus Savings Account.
- Are there any benefits for spending on the Axis Bank Prime Plus Savings Account (Liberty Savings Account)?
Yes, you can receive a gift voucher worth Rs. 750 on spends of Rs. 60,000 in a financial quarter, with choices across Amazon, Ola, Lifestyle, Croma, and Spencers.
- What are the annual benefits of the Axis Bank Liberty Savings Account?
The annual benefits include cashback on spending, accelerated Axis eDGE rewards points, everyday banking benefits, and complimentary services such as insurance cover and locker discounts.
- What are the eligibility criteria for opening an Axis Bank Prime Plus Savings Account (Liberty Savings Account)?
Residents of India, whether individuals or Hindu Undivided Families (HUF), are eligible. The account can be opened in the name of a single individual or jointly.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.