Axis Bank Zero Balance Account Opening

Axis Bank offers a convenient Zero Balance Savings Account, allowing customers to enjoy banking benefits without the difficulty of maintaining a minimum balance. This account is ideal for students, salaried individuals, and those who prefer a simple banking experience. 

Updated On - 18 Sep 2025

What is an Axis Bank Zero Balance Account? 

Axis Bank provides a Basic Savings Account with no minimum balance requirements to keep the account open.  There are no such fees associated with a zero-balance account because it does not have to maintain a minimum balance. 

Axis Bank Zero Balance Account

Eligibility Criteria for Axis Bank Zero Balance Account  

If you want to open a zero-balance savings account with Axis Bank, you must meet certain conditions:  

  1. You must be an Indian citizen  
  1. You must be at least 18 years old 
  1. You can't have more than one Axis Bank savings account.  

Documents Required for an Axis Bank Zero Balance Account  

The documents that are needed for an Axis Bank account with zero balance are as follows: 

  1. A recent passport-sized photo  
  1. Address proof documents such as passport, driver's license, voter ID, Aadhaar card, NREGA job card, or National Population Registry letter.  
  1. Identity proof such as passport, driver's license, voter ID, NREGA job card, Aadhaar card, or letter from the National Population Registry.  
  1. A Self-declaration verifying that you have no other Axis Bank savings accounts signed by you.  

How to Open an Axis Bank Zero Balance Account?  

Customers can open a zero-balance account with Axis Bank by following the steps given below:  

  1. Visit the nearest Axis bank branch 
  1. Take the application form for opening a savings account at the bank and complete it with the necessary information 
  1. Submit the application with the required documents 
  1. After verifying the application, the bank officials will open the account.  

Features and Benefits of Axis Bank Zero Balance Account 

For customers who choose a zero-balance account, Axis Bank offers a number of features and benefits. Some of these are as follows: 

  1. There is no need to maintain a minimum level in these savings accounts, there are no QAB or Quarterly Average level fees 
  1. They provide a RuPay Debit card for free 
  1. There will be no fees for cash deposits 
  1. Both mobile banking and net banking are available to you 
  1. Every year, you can earn interest on your daily balances of up to 3% to 4% 
  1. More than 5,100 Axis Bank branches and more than 15,000 Axis Bank ATMs are available worldwide  
  1. With the use of several e-statements, passbooks, and occasionally SMS alerts, you may also effectively track every detail of your account. 

FAQs on Axis Bank Zero Balance Account Opening

  • Is it possible to open an Axis Bank account with zero balance? 

    Yes, it is possible to open an Axis bank account with zero balance. There are no minimum balance requirements or average balance maintenance for this kind of account, which is called a basic savings account. 

  • What is an Axis Bank account minimum balance?

    There are no limitations on maintaining a minimum amount in order to keep an Axis Bank zero balance account open. 

  • What is an Axis Bank zero balance account?

    Customers of Axis Bank can choose from a variety of account types according to their need and interests. A zero-balance account, which has no minimum balance requirements or average balance maintenance is one of the account types they provide. 

  • Is a PAN card mandatory for opening zero balance account?

    Yes, PAN is mandatory as per RBI guidelines for zero-balance account opening. 

  • Can students open a zero-balance account?

    Yes, students can open a Youth Savings Account with zero balance benefits. 

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