Axis Bank Savings Account Interest Rate & Minimum Balance 2025

Updated on: Aug 21st, 2025

9 min read

An Axis Bank Savings Account helps you save money securely while earning interest on deposits. With a wide range of account types, Axis Bank caters to salaried individuals, students, women, senior citizens, NRIs, and premium customers. The Axis Bank savings account interest rate starts at 3.00% p.a., and the Axis Bank minimum balance for savings account varies depending on the account type and location.

Key Highlights:
Interest rate: 3.00% – 3.50% p.a. (tier-based)
Minimum balance requirement: Rs. 0 to Rs. 10 lakh (varies by account type)
Online & offline account opening available
Special accounts for women, children, NRIs, and senior citizens

What is the Axis Bank Savings Account?

An Axis Bank savings account is a deposit account that allows individuals to securely save money while earning interest on the balance. Along with competitive Axis Bank savings account interest rate, customers also enjoy digital banking, debit cards, fund transfers, and exclusive benefits such as cashback, lifestyle offers, and preferential services depending on the account type.

Axis Bank Savings Account Interest Rate

The ongoing Axis Bank savings account interest rate is as follows:

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 crore and above	Overnight MIBOR + 0.70%

The Axis Bank savings account interest rate for senior citizens is the same as provided above.

Axis Bank Minimum Balance for Savings Account

The Axis Bank minimum balance for savings account is:

Account Type	Minimum Balance
Basic Savings Account	Nil
Easy Access Savings Account	Rs.12,000 for metro and urban locations Rs.5,000 for semi-urban locations Rs.2,500 for rural locations
Senior Privilege Savings Account	Rs.12,000 for metro and urban locations Rs.5,000 for semi-urban locations Rs.2,500 for rural locations
Liberty Savings Account	Rs.25,000 per month
Prestige Savings Account	Rs.75,000 monthly average
Priority Digital Savings Account	Rs.2 lakh quarterly average
Burgundy Digital Savings Account	Rs.10 lakh quarterly average

Penalty for Not Maintaining Minimum Balance in Axis Bank Savings Account

Account Type	Applicable Charges
Basic Savings Account	Nil
Easy Access Savings Account	Varies depending on the balance amount as follows: - Between Rs.600 to Rs.50 in metro and urban locations - Between Rs.300 to Rs.50 in semi-urban locations - Between Rs.150 to Rs.75 in rural locations
Senior Privilege Savings Account	Varies depending on the balance amount as follows: - Between Rs.600 to Rs.50 in metro and urban locations - Between Rs.300 to Rs.50 in semi-urban locations - Between Rs.150 to Rs.75 in rural locations
Liberty Savings Account	Varies between Rs.600 to Rs.250 depending on the balance amount
Prestige Savings Account	Rs.600
Priority Digital Savings Account	Rs.600
Burgundy Digital Savings Account	NA

Axis Bank Savings Account Types

At Axis Bank, you will find multiple savings account options which you can opt for as per your requirements. Some of the most popular ones are as follows:

Basic Savings Account

Axis Bank’s Basic Savings Account mitigates the need to maintain a minimum balance. It features free cash deposits, a RuPay debit card, and mobile and internet banking, along with access to multiple ATMs and branches all across India.

Easy Access Savings Account

The Easy Access Savings Account enables you to conduct all your transactions with a few clicks on your smartphone. It has a low opening deposit and comes with a Secure Plus debit card and personal accident insurance cover.

Senior Privilege Savings Account

For all the senior citizens out there, the Axis Bank Senior Privilege Savings Account can be a perfect choice. It offers the following benefits:

Up to 0.75% additional interest rate for recurring and fixed deposits.
24/7 banking assistance.
Power-packed debit card.
Low opening deposits.
Exclusive Senior ID card for priority and preferential treatment at branches.
Bill payment facility at branches.
Personal accident death cover up to Rs.2 lakh and more.

Liberty Savings Account

With the Liberty Savings Account, you have the freedom to either spend Rs.25,000 or keep Rs.25,000 as the minimum balance per month. The Liberty debit card provides flat 5% cashback on weekend spends like travel, food, entertainment and shopping.

Prestige Savings Account

Prestige is one of the premium savings bank account schemes Axis Bank offers. The Prestige Cashback Debit Card offers cashbacks worth Rs.1,500 per quarter on shopping, travel and fuel. Moreover, you get express 24/7 banking assistance, higher transaction limits, entertainment benefits and convenient pricing on lockers.

Priority Digital Savings Account

The Axis Bank Priority Savings Account aims to provide you with the most elite banking experience. You get a complimentary Axis Bank Instant Virtual Debit Card with 1% cashback on online spends. Furthermore, you can get exclusive offers on lifestyle, travel and more with Priority Debit Card.

Burgundy Digital Savings Account

If you are a Non-Resident Indian (NRI), the Burgundy savings account is for you. This account is available in NRO and NRE variants and offers complimentary airport lounge access, wealth management solutions and more.

Apart from these, Axis Bank offers several other savings bank accounts like:

Prime Savings Account
Woman Savings Account
Youth Savings Account
Future Stars Savings Account
Pension Savings Account
Infinity Savings Account, etc.

Axis Bank Saving Account Charges

The various applicable Axis Bank savings account charges are mentioned in the table below:

Particulars	Types of Account	Applicable Fees
DD Issuance Charges	For all savings accounts except Burgundy account	Upto Rs.10,000 - Rs.50 Rs.10,000 to Rs.20 Lakhs - Rs.5 per 1000 (min Rs.75 and max Rs.7,500) Rs.20 lakhs to Rs.1 cr - Rs.5 per 1000 (max Rs.10,000) Above Rs.1 cr - Rs.5 per 1000 (max Rs. 15,000)
Cheque Return - financial reasons	For all savings accounts except Burgundy account	1st return - Rs.500 2nd return onwards - Rs.550
Cheque Return - non-financial reasons	For all savings accounts except Burgundy account	Rs.150 per instance
NACH Debit Failure	For all savings accounts except Burgundy account	1st return - Rs.500 2nd return onwards - Rs.550
Branch NEFT Charges	For all savings accounts except Basic Savings account and Burgundy account	Upto Rs.10,000 - Rs.2 Rs.10,001 to Rs.1,00,000 - Rs.4 Rs.1,00,001 to Rs.2,00,000 - Rs.14 More than Rs.2,00,000 - Rs.24
Branch RTGS Charges	For all savings accounts except Basic Savings account and Burgundy account	Rs.2 lakh to 5 lakh - Rs.20 More than Rs.5 lakh - Rs.45
Deliverable return charges	For all savings accounts except Burgundy account	Rs.50 per return

Axis Bank Saving Account Transaction Limit

Mentioned below are the monthly cash withdrawal limits for Axis Bank savings accounts:

Particulars	Monthly Withdrawal Limits
Monthly free cash transaction limit (sum total of deposits and withdrawals)	4 per month with a max of Rs.1 lakh
Monthly free limit for third party cash transactions	Free monthly limit - Rs.25,000 Post free limits - Rs.10 per Rs.1,000 or part, subject to a minimum of Rs.150

How to Open a Saving Account in Axis Bank?

Here are the steps you can follow to open a savings account at Axis Bank:

Step 1: Navigate to Axis Bank’s official website, tap on ‘Explore Products’, ‘Accounts’ and then on ‘Savings Account’.

Step 2: Select a savings account that aligns with your financial goals.

Step 3: Click ‘Apply’ or ‘Get a Call Back’.

Step 4: Fill out the application form.

Step 5: After this, the bank officials will contact you to verify all your documents and move forward with the application.

Step 6: Make a cash deposit to fulfil the minimum balance requirement.

Your Axis Bank savings account is open!

After this, you will receive the debit card, passbook and chequebook via courier.

Axis Bank Online Saving Account Opening Forms

To open a savings account with Axis Bank, download the Axis Bank Online Savings Account Opening Form. Fill in the necessary details and submit it at your nearest branch along with valid KYC documents.

Eligibility Criteria to Open Axis Bank Savings Account

here is the eligibility criteria the applicant must meet to open an Axis Bank Savings Account:

Must be a citizen of India.
Must be 18 years or older, except in the cases of a minor savings account.
Hindu Undivided Families (HUFs) are also eligible.
Must submit valid KYC documents, including identity proof and address proof, along with the account opening form.

Documents Required for Opening Savings Account in Axis Bank

The documents required to open an Axis Bank savings account are as follows:

Individuals
- PAN card
- Identity proof – Voter ID, Aadhaar card, passport, driving license, etc.
- Address proof – Aadhaar card, Voter ID, utility bills, etc.
- Form 16 (in case PAN card is not available)
- Latest passport-sized photographs.
Joint Applicants
- Identity and address proof of both individuals.
- Latest passport-sized photographs.

Note - For married couples, only the primary holder’s address proof will be necessary.

Hindu Undivided Families (HUFs)
- Karta’s declaration form.
- Identity and address proof of the Karta.
- Copy of PAN card.
- Form 16 (in case PAN card is not available)
- Prescribed Joint Hindu Family letter that is signed by all the adult holders.

How to Close Axis Bank Savings Account?

You can close your Axis Bank savings account in two simple steps:

Step 1: Download and fill in the Axis Bank Savings Account Closure Form.

Step 2: Submit it to your home branch or nearest Axis Bank branch along with your unused cheque leaves and your debit card cut into four pieces.

Axis Bank Saving Account Helpline Numbers

To inquire details or any queries related to your Axis Bank Savings account, you can contact their customer care through the following numbers:

Toll-Free Numbers (24x7)

1800 209 5577
1800 103 5577

Standard Numbers (Charges May Apply):

1860 419 5555
1860 500 5555

An Axis Bank savings account is ideal for customers looking for security, convenience, and competitive benefits. With attractive Axis Bank savings account interest rate and flexible Axis Bank minimum balance for savings account requirements, Axis Bank offers tailored options for students, salaried professionals, women, and NRIs. Choosing the right account ensures maximum benefits, from cashback offers to lifestyle privileges.

Frequently Asked Questions

Which is the best savings account in Axis Bank?

Axis Bank has a plethora of savings account schemes like Basic, Easy Access, Prestige, Liberty and Burgundy. You can check out all of them and choose one which best suits your financial needs.

What is the Axis Bank minimum balance for savings account?

The minimum balance for the Axis Bank Easy Access Savings Account is Rs.12,000, Liberty Savings Account is Rs.25,000, Prestige Savings Account is Rs.75,000, Priority Savings Account is Rs.2 lakh, and Burgundy Savings Account is Rs.10 lakh.

What if the minimum balance is not maintained in Axis Bank?

For non-maintenance of the minimum balance, a penalty of shortfall of the minimum balance is chargeable. The penalty varies depending on the type of account and the minimum balance.

What is Axis Bank savings account interest rate?

For deposits lesser than Rs.50 lakh, interest at 3.00% per annum is applicable, for Rs.50 lakh to less than Rs.2,000 crore - 3.50% per annum and for Rs.2,000 crore and above - Overnight MIBOR + 0.70%.

How many types of savings accounts are there in Axis Bank?

Axis Bank offers 15+ types of savings accounts. Some of the most popular ones are – Basic, Easy Access, Liberty, Prestige, Priority and Burgundy.

What is the most premium savings account in Axis Bank?

The Priority Savings Account is the most premium savings account in Axis Bank. It provides complimentary debit and credit cards, a comprehensive health insurance policy and dedicated relationship manager and much more.

What are the benefits of an Axis Bank savings account?

Axis Bank savings accounts come in various types to suit the varying financial needs of customers. There is no maximum threshold for cash deposits, and individuals can operate their accounts 24/7 via internet and mobile banking.

How to close an Axis Bank savings account?

You need to download the Axis Bank Savings Account Closure Form, fill in the details and submit it along with your debit card and unused cheque leaves to the nearest branch.

Does Axis Bank allow two-step authentication in savings accounts?

Yes, Axis Bank allows two-step verification in savings accounts. You can enable it in your account by logging into your MyAxis account and clicking on Account Settings, then Security Settings and clicking on ‘enable 2-step verification’.

About the Author

Rucha K

Content Writer - Insurance

Insurance doesn’t have to be a maze of fine print. I simplify policies, bring clarity to the details, and make financial decisions easier—one blog at a time. I enjoy turning numbers and insights into clear, actionable narratives that simplify personal finance. Read more

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