Axis Bank

Axis Bank was earlier known as the UTI Bank between 1993 and 2007 and is based in Mumbai, Maharashtra. The bank is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and sells different types of products and financial services.

It was in 2007 that UTI Bank was renamed to Axis Bank. It has a total of 4,096 branches and 12,992 ATMs. The bank’s ATM network is extensive with a notable ATM being at Thegu, Sikkim, 4,023 feet above sea level. 

Over the years, the bank has also won various awards and recognitions. 

Products Offered by Axis Bank 

Some of the products offered by Axis Bank are given below: 

Accounts 

Under Accounts, different products are offered, some of which are listed below: 

  1. Savings Account: You can open a savings account with Axis Bank. There are different types of Savings Account out of which you can choose any one depending on your financial requirements. 
  2. Salary Account: There are different salary accounts offered by Axis Bank which come with their own benefits. There are six types of salary accounts available, out of which you can choose any one depending on your monthly salary. 
  3. Current Account: Choose any one of the 14 current accounts so that you can carry out as many withdrawals or deposits in order to boost your business. 
  4. Safe Deposit Locker: The bank also offers a safe deposit locker facility so that you can store all your valuables in one place. 
  5. Safe Custody: Avail yourself of the safe custody facility where you keep all your important documents and valuables safe in one place. 
  1. Pension Disbursement Account: Avail this facility to manage your pension payment easily. 
  2. Sukanya Samriddhi Yojana: Avail this saving scheme so that you can save to make the future of your girl child bright. 
  3. PMJDY: Avail the PMJDY scheme from Axis Bank website. 

Deposits 

There are various options under deposits which you can avail for yourself such as: 

  1. Digital Fixed Deposit: Open a fixed deposit account online where the KYC will be done online. The whole process is fast and smooth. 
  2. Fixed Deposit: Open a fixed deposit account where the minimum deposit amount is Rs.5,000 and tenure ranges between 7 days and 10 years. 
  3. Recurring Deposit: Open a recurring deposit account online where the minimum deposit amount is only Rs.500. 
  4. Tax Saver FD: Open a tax-saving FD account and save taxes up to Rs.1.5 lakh while continuing to earn interest on your deposits. 
  5. Auto Fixed Deposit: Avail this facility where the deposit amount will be transferred directly from your savings account to your deposit account. 
  1. Fixed Deposit Plus: Earn a higher interest rate where the minimum deposit amount is Rs.2 crore. 

Cards 

Different card services such as credit cards and debit cards are offered by Axis Bank. Some of them are given below: 

  1. Credit Card: Choose from a host of credit cards offered by Axis Bank based on your financial capabilities. 
  2. Debit Card: Choose from a host of debit cards offered by Axis Bank based on your financial capabilities. 
  1. Pre-paid Card: Load any amount ranging between Rs.500 and Rs.10,000 and use it either as a meal card, gift card, or smart pay card. 
  2. Transit Card: Use Transit Card to make your shopping and travel convenient. 
  3. Commercial Credit Card: Use an Axis Bank commercial credit card to manage your corporate expenses in a hassle-free manner. 
  4. Commercial Debit Card: Use an Axis Bank commercial debit card to manage your corporate expenses in a hassle-free manner. 

Loans 

Axis Bank is known to offer various loan products. Some of them are given below: 

  1. Home Loan: Choose from a host of home loan schemes with maximum tenure of 30 years and loan amount of up to Rs.5 crore. 
  2. Personal Loan: Avail personal loan from Axis Bank to meet your various financial needs. 
  3. Business Loan: Apply for a business loan so that you can raise capital to expand your business. 
  4. Car Loan: Axis Bank offers car loans so that you can purchase the car of your choice. 
  1. Two-wheeler Loan: Axis Bank offers two-wheeler loans so that you can purchase the bike or scooter of your choice. 
  2. 24x7 Loan against Securities: If you are in urgent need of cash, you can avail a loan in exchange for your mutual fund bond, insurance policy, shares, etc. 
  3. Commercial Vehicle and Construction Equipment Loan: Avail this loan if you wish to purchase a pre-owned commercial vehicle. 
  4. Education Loan: Axis Bank offers education loans so that you can pursue further education in India or abroad. 
  5. Loan against Property: With this loan, you can provide your property as collateral. 
  1. Gold Loan: Avail loan equivalent to the value of gold ornament provided by you. 
  2. Loan against FD: Apply for a loan against your fixed deposit to meet your immediate financial needs. 
  3. Holiday Loan: Get loans ranging between Rs.50,000 and Rs.15 lakh to meet your holiday expenses. 

Forex 

Various Forex products and services are offered by Axis Bank some of which are: 

  1. Travel Forex Card: This type of card makes it convenient for you to make payments abroad. 
  2. Send Money Abroad: Axis Bank helps you set up an International Transfer Fund so that you can send money to any foreign bank account from any Axis Bank branches. 
  3. Send Money Abroad online: Axis Bank helps you set up an International Transfer Fund so that you can send money to any foreign bank account from your Axis Bank online. 
  4. Send Money to India: Seamless and convenient method to send money from any foreign bank account to your Axis Bank account. 

Insurance 

Axis Bank offers various types of insurance products such as: 

  1. Life Insurance: Choose any one of the life insurance schemes depending on your financial requirements and ensure that the future of your loved ones is safe and secure. 
  2. General Insurance: Apply for general insurance products to provide coverage to your prized possessions such as your car, house, etc. 
  3. Health Insurance: Health Insurance ensures that the cost of medication and hospitalisation is met in case you fall sick or injured so that you do not have to dip into your savings to meet the expenses. 

Investments 

Some of the investment options offered by Axis Bank are: 

  1. Mutual Fund: Explore top performing mutual fund offered by Axis Bank and invest as per your needs. 
  2. Digital Gold: Invest in gold digitally without having to buy the yellow metal physically. 

Some of the other investment options offered by Axis Bank are: 

  • Sovereign Gold Bonds 
  • Public Provident Fund 
  • National Pension System 
  • RBI Floating Rate Savings Bonds 2020 
  • Atal Pension Yojana 
  • Kisan Vikas Patra 
  • AxisDirect 
  • IPOSmart 
  • Demat Account 
  •  Alternative Investments 

Banking Services 

Some of the banking services that are offered by Axis Bank are given below: 

  1. Net Banking 
  2. FASTag Services
  3. Axis Bank customer care 

FAQs on Axis Bank

  • Is Axis Bank private or government owned?

    Axis Bank is a privately owned bank. 

  • Can I have two salary accounts with Axis Bank?

    No, you cannot have more than one salary account with Axis Bank.

  • What is the limit of Axis Bank debit card?

    The limit on your daily withdrawal using your Axis Bank debit card is Rs.50,000 and Rs.1 lakh for purchase transaction limit. 

  • Does Axis Bank offer mobile banking services?

    Yes, Axis Bank offers mobile banking facility.

  • Can I use my Axis Bank debit card to withdraw money from another bank’s ATM?

    Yes, you can use your Axis Bank debit card to withdraw money from another bank’s ATM.  

  • How can I contact an Axis Bank customer care executive?

    You can call the numbers 1 - 860 - 419 – 5555 or 1 - 860 - 500- 5555 to get in touch with an Axis Bank customer care executive in case of any query. 

  • Does Axis Bank offer Personal Loan EMI calculator facility?

    Yes, you can visit Axis Bank’s official website where you can use the personal loan EMI calculator. Simply enter the loan amount, tenure, and interest rate to determine the EMI you will have to pay.

  • How can I get my Axis Bank debit card blocked by using the SMS service?

    Simply send the message BLOCKCARD from your registered mobile number to 56161600 or +918691000002 get your Axis Bank debit card blocked. 

  • Can I apply for an Axis Bank credit card online?

    Yes, you can apply for an Axis Bank credit card online by visiting the bank’s official website where you can submit your personal details and documents and complete the application process.

  • Can I pay my credit card bills online?

    Yes, you can visit the Axis Bank website where you will have to provide the details of your credit card and proceed to complete the payment of your credit card bill. The whole process is simple and hassle-free and also safe.  

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