Axis Bank offers a range of current accounts tailored for businesses, professionals, startups, and entrepreneurs who need high transaction flexibility and digital banking convenience. Axis current accounts offer benefits like unlimited NEFT/RTGS transactions, overdraft facilities, and easy online application with video KYC. 

In this guide, explore the types of Axis Bank current accounts, their minimum balance requirements, benefits, required documents, and the step-by-step process to apply online or offline. 

Axis Bank Current Account

Current accounts in Axis Bank come with several features and benefits that cater to customers' different preferences and requirements. These deposit accounts allow you to maintain seamless transactions from your account without any volume restrictions.

Axis Bank ensures streamlined and hassle-free transactions through various ways, including NEFT and RTGS, along with customised offerings on allied products like Trade and Forex Services, etc. The bank also hosts different types of current accounts to meet the requirements of multiple sectors and organisations.

How to Open a Current Account In Axis Bank?

You can open your current account in Axis Bank online by following the given steps:

• Visit the official website of Axis Bank.
• Navigate to the necessary option to open the current account application form.
• Carefully fill in the details required in the application form.
• Submit the form along with the required documents.
• Now go to the KYC option, wherein the verification usually happens via a video call.

Once the bank verifies the details you provided, you will receive the necessary credentials to access your account. You need to fund your account and start using it.

You can also opt for opening a current account in Axis Bank offline in the following way:

• Visit the nearest branch of Axis Bank.
• Navigate to a member of the necessary authority and request a current account application form.
• Fill in the form carefully by providing the required details.
• Submit the duly filled application form along with the necessary documents.

The bank will take 1 to 2 business days to verify and process your current account application. Once it processes your application, the bank will contact you regarding the next steps.

Axis Bank Current Account Types

Axis Bank offers five types of current accounts, each with a different feature and objective. These include the following:

Axis Bank Current Account Opening Eligibility

Individuals intending to opt for a current account in Axis Bank need to satisfy a few eligible criteria. Thus, the following business entities are eligible to apply:

• Public companies
• Private companies
• Partnerships
• Limited Liability Partnerships
• Sole proprietorships

Axis Bank Current Account Opening Documents

The required list of documents depends on the current one you opt for in Axis Bank. Nevertheless, the following points mention the documents required as per the purpose of a current account:

Private or Public Companies

• MOA, AOA and Certificate of Incorporation
• PAN card of the company
• Address proof of the company
• Company Certificate of Commencement or INC and ROC receipt (for Public Ltd Co.)
• ID proof of the signatories
• List of directors and their DIN
• Passport-size photographs of the signatories
• Board Resolution
• Beneficial owner and FATCA declaration

Partnerships

• Address proof of the firm
• PAN card of the firm
• Address and ID proof of the partners
• Passport-size photographs of the partners
• Partnership letter signed by all the partners
• Registration certificate of the firm with the registrar of firms
• Beneficial owner and FATCA declaration
• Seal or stamp of the firm

Limited Liability Partnerships

• Address proof of the firm
• Limited Liability Partnership Agreement
• Certificate of Incorporation
• PAN card of the firm
• Address and ID proof of the partners
• Passport-size photographs of the partners
• Beneficial owner and FATCA declaration
• Board Resolution
• List of all designated partners along with DPIN issued by the Central Government

Sole Proprietorships

• The PAN Card of the proprietor
• Address proof of the proprietor
• Passport-size photographs
• Address proof of the firm

It is important to note that Axis Bank holds the right to ask for additional documents based on the type or nature of the current account you have opted for. Thus, it is better to inquire and confirm the required list of documents well in advance so that you can arrange those beforehand, ensuring a seamless Axis Bank current account application process.

Axis Bank Current Account Minimum Balance

The minimum balance Axis Bank current accounts varies by the account type:

Axis Bank Current Account Benefits

Individuals having a current account in Axis Bank can enjoy several benefits, which include the following:

Digital Banking

• Axis Bank offers a wide range of digital banking options through which you can access your account and manage transactions and finances digitally. 
• These include mobile and internet banking, allowing you to operate your account even on the go.

Wide Network of Branches

• Axis Bank features an extensive network of branches throughout the country. 
• Thus, customers can find ATMs throughout India, making it feasible to withdraw cash from anywhere, anytime.

Overdraft Facility

• Customers can also opt for an overdraft facility if they have current accounts in Axis Bank. 
• Through this feature, they can borrow funds from the bank whenever required. 
• However, such facilities only apply for a limited period for account holders. 
• Apart from these, there can be limitations to the amount that can be borrowed, which should be inquired about beforehand.

Rewards Programs

• Axis Bank also offers rewards programs for current account holders. 
• Under these programs, you can earn points or cashback whenever you spend funds from your account. 
• This can be an ideal way to increase your funds without spending much.

Multilingual Support

• One of the key benefits of Axis Bank current accounts is that you can avail services in multiple languages. 
• It enables you to access your account in any language you are comfortable with, adding to your convenience.

Enhanced Security

• Axis Bank employs the latest and advanced technology to ensure the highest quality security to safeguard the personal information of all its customers. 
• It allows you to stay safe and protected at every step.

Value-added Services

• With a current account in Axis Bank, customers can also avail of several value-added services, including investing in mutual funds, various insurance products, foreign exchange, and more.

Dedicated Manager

• Several currency accounts in Axis Bank have the facility of a dedicated manager who is available to guide you through the process and resolve any queries you might have about operating your account.

Axis Bank Current Account Interest Rate

Axis Bank does not offer interest on current accounts. The purpose of providing current accounts is to let businesses transact without hassle. Hence, no interest is applicable or paid to the current account holders for maintaining their accounts in Axis Bank. However, it comes with other benefits including:

• High transaction limits without additional charges
• Overdraft facility
• Complimentary issuance of cheque books

Axis Bank Current Account Customer Care

Axis Bank offers an efficient customer service team available 24 hours a day to assist customers in resolving their issues. Thus, if you have any queries, consider contacting the nearest branch of Axis Bank.

Otherwise, you can call Axis Bank's customer care numbers: 1860 419 5555 or 1860 500 5555. The retail phone banking numbers of Axis Bank include 1800 209 5577 and 1800 103 5577.

How to Close Axis Bank Current Account?

In case you wish to close your Axis Bank current account, you need to follow a few simple steps, which include the following:

• Visit the nearest branch of Axis Bank.
• Navigate to a necessary authority member and request a current account closure form.
• Fill in the closure form and give a reason for your account closure.
• Submit the closure form and KYC documents, including the PAN and Aadhaar cards, for all the signatories.
• Submit the chequebooks and passbooks for your current account.

Once the bank processes your closure application and verifies the details you provided, you will receive the balance amount, either in the form of a demand draft or cash, or it will be transferred to any of your other accounts.

Axis Bank Current Account Charges

Some of the applicable charges in relation to the Axis Bank current account are mentioned in the table below:

The following table showcases the charges for NEFT or RTGS transactions from an Axis Bank current account:

Axis Bank Current Account Statement Password

Axis Bank's current account statement password is used to access your bank statements. It is a combination of the first four letters of your name, which should be in upper case. It should be followed by four digits of your date of birth.

Alternatively, you can access your bank account statements by framing your password as the first four letters of your name followed by your nine-digit Axis Bank customer ID. If you find any issues accessing your Axis Bank current account statements, consider contacting the bank's customer service team, who can guide you through the process.

The Bottom Line

To sum it up, opting for a current account is a great way to ensure seamless and hassle-free transactions among different businesses. These accounts address the requirements and convenience of entrepreneur and partnership programs. While these accounts are meant or designed to earn interest, they safeguard your funds during transactions. With innovative features and compelling benefits, Axis Bank current accounts are ideal for maintaining businesses and even startups.

Similar Articles:
1. Canara Bank Current Account Opening
2. HDFC Bank Current Account Opening
3. SBI Current Account Opening
4. ICICI Bank Current Account Opening
5. Kotak Mahindra Bank Current Account Opening

Related Axis Bank Articles:
1. Axis Bank Timings
2. Axis Bank Salary Account Opening
3. Axis Bank Savings Account Opening