Axis bank is India’s among the best private sector bank that is running nowadays as compared to the other banks in the sector. In India, it is the third largest bank in the terms of assets and the fourth largest in the market capitalization. Established on 3 December 1993 in Mumbai, it has more than 5100 branches all over India which provides the services to the almost 1billion account holders and it’s also the third largest bank in terms of branches.
Axis bank gives a variety of services & facilities to their customers and offers a wide range of accounts to open in their bank like savings account, salary account, current account and many more. It provides the better interest rates on accounts and loans. Especially, Axis Bank gives 3.00% p.a. interest on the deposits of less than 50lakh to their savings account holders. So, if you are looking for opening a savings account then you should go for the Axis Bank. Axis makes the complete procedure of open the account very simple and accessible.
In this article we’ll take you through the complete process of opening account in Axis Bank by telling all the steps including documents required, initial deposition required or not, benefits and how to apply online & offline.
Types of Accounts Offered by Axis Bank
Axis bank has a wide range of deposits and transactional accounts which are customized to meet the all kind of requirements of the account holders from the basic zero-balance options to the premium, high-end programs.
Here’s the full breakdown:-
- Savings Account:- these accounts are for simple day-to-day banking with different features.
- Basic/Zero Balance (Amaze or PMJDY Basic Savings): No minimum balance, zero charges, RuPay Debit Card – ideal for students and low-income customers.
- Easy Access/ ASAP Instant Savings:- Normal savings with moderate balance conditions (~Rs.10k metro) and debit card.
- Amaze Digital Savings:- Digital sign-up, virtual debit card, cashback, zero or low balance.
- Liberty Account:- Rs.25k maintain/spend condition, weekly cashback.
- Prestige Digital Account:– Premium digital account with instant e-debit card.
- Prime/Prime Plus:– Higher limits, lifestyle cashbacks, reward points.
- Future Stars:– It’s designed for minor (children below 18) with parent’s control, free ATM card below 10.
- Senior Privilege:– Made for senior citizens- better FD rates, health discounts, priority at branches, increased ATM limits.
- Pension Account:– For government retirees, no minimum balance, free DD/POs, unlimited cheques.
- Women’s Savings:– Built for women- exemption from charges, shopping/lifestyle discounts.
- Trust /NGO/ Insurance Agent:– Structured for organizational and insurance professionals- unlimited transactions, debit card, free branch services.
- INAAM Personal Account:- Rewards-focused variant for existing customers (but now discontinued).
- Infinity Savings:– Subscription- based premium account (Rs.150/month or Rs.1650/year) with no charges on transactions, unlimited ATM and chequebook usage and 1% cashback – launched 2023.
- Salary Account:- For salaried employees with zero balance facilities.
- Current Account:- For businesses, startups, professionals and self-employed people.
- For businesses and professionals:- Normal/Classic, Club 50/Wealth/ Priority , Business Advantage, Business Select etc.
- Benefits include unlimited intercity transactions, diverse cheque leaves, cash deposits limits (Rs. 1-3 lakh/month).
Deposits and Investment Accounts
For returns on savings:
- Recurring Deposit (RD) – Fixed monthly deposits, earn the similar interest as compared to FDs.
- Fixed Deposit (FD) – Term-based with cumulative and non-cumulative options, good interest.
- Flexi-fixed Deposit – Auto-sweep deposits, excess funds transferred to FDs, but still remains liquid.
NRI and Demat Accounts
For particular user segmens
- NRE/NRO Accounts – For Non-Resident Indians—foreign income with India income, with repatriation flexibility.
- 3-in-1 Axis Direct – Combined Savings + Demat + Trading account for equities, mutual funds, IPOs, commodities.
Axis Bank Account Types According to Your Needs:
| Customer Need | Recommended Account | Benefits |
| Daily Personal Use | Easy Access Savings Account | Low/zero balance, free debit card, internet banking, ideal for day-to-day use |
| Women | Smart Women’s Savings Account | Loan discounts, locker offers, insurance cover, lifestyle offers on dinning and shopping |
| Senior Citizens | Senior Privilege Savings Account | Better interest rates, doorstep banking, priority services, free health check-ups |
| Children/Teenagers | Future Stars Savings Account | Parental control, ATM card with limits, best for minors below the age 18 |
| Students | Digital Savings Account/ Youth Account | Instant online opening, zero balance, online banking and UPI access |
| Salaried Employees | Salary Account (Prime/ Priority, Burgundy) | Zero balance, free ATM withdrawals, special discounts on AXIS credit cards and loans |
| Business/Self-Employed | Current Account (Business Advantage, Club 50, Start-Up) | High transaction limits, overdraft facility, tax and business tools |
| NRIs | NRE/NRO Savings Account, FCNR Account | Tax-free interest (NRE), foreign currency deposits (FCNR), online access from abroad |
| Savings with Fixed Returns | Fixed Deposit/ Recurring Account | Guaranteed returns, loan/overdraft facility against deposit, flexible tenure from 7 days to 10 years |
Documents Required for Account Opening Axis Bank
These are the following documents that you will required for account opening
- Identity Proof ( any one) – Aadhaar Card, Pan Card, Passport, Driving License or Voter ID.
- Address Proof (any one) – Aadhaar Card, Electricity Bill, Passport, Rent Agreement.
- Passport – sized photographs
- PAN Card (mandatory)
- Form-60 (if PAN Card isn’t available)
Eligibility Criteria for Open Axis Bank Account
To open an account in Axis Bank, you need to
- Be a resident Indian (for NRI, the account opening procedure will be different)
- Be of minimum age 18 or above (you can open your account jointly with your guardian, if you are a minor)
- Provide a valid identity and address proof.
Steps to Open Axis Bank Account by Both Online and Offline
Axis bank gives you the liberty that you can open the account by both online & offline methods, in online you can open account by the app or website or you can directly visit the nearest branch for account opening, this the offline way of opening account. You can choose your desired way for opening the account.
Online Mode
- Step 1 – Visit the official Axis Bank website: www.axisbank.com
- Step 2 – Go to the ‘Accounts’ section and choose the account type as per your requirement.
- Step 3 – Fill up your all the necessary details that are being asked in the application form.
- Step 4 – Complete the e-KYC via Aadhaar and PAN card.
- Step 5 – Schedule the video KYC (for the complete digital verification)
- Step 6 – Fund your account (if applicable):- some accounts required the initial deposits, if your chosen account requires the initial deposition then submit that.
- Step 7 – Once after the completion of verification, all your account related details will be shared with you digitally and your passbook, ATM Card, cheque book will deliver to you via post.
Offline Mode
- Step 1 – Visit the nearest Axis Bank branch.
- Step 2 – Fill the account opening form (of the account type you want to open).
- Step 3 – Submit the documents for verification.
- Step 4 – Submit the initial deposits (if any).
- Step 5 – Receive your welcome kit which includes passbook, cheque book, ATM card.
Benefits of Choosing Axis Bank
- Wide range of account options.
- User friendly mobile and internet banking.
- Wide range of ATMs & branches all over India.
- Rewards and programs.
- Better interest rates on savings.
Lets Take a Look at The Ongoing Interest Rates of Axis Bank on Savings Account
| Account Balance | Interest Rates |
| Lesser than Rs.50 lakh | 3.00% per annum |
| Rs.50 lakh to less than Rs.2,000 crore | 3.50% per annum |
| Rs.2,000 and above | Overnight MIBOR + 0.70% |
Important Things to Remember While Opening The Account
- Minimum Balance Requirement: – most accounts require a minimum monthly balance, check this requirement at form filling time to avoid the penalties later.
- Account charges and fees: – check the account related charges such as for SMS alerts, ATM usuage, cheque books.
- Net banking setup: – make sure to enable and activate your internet banking services.
Conclusion
It’s an easy and a straightforward way to open an account in Axis Bank and can be open by either online or offline. With a wide range of account types and banking services & facilities. Axis makes the banking accessible for each and every one whether you are student or employee, young or old.