How To Open A Savings Account In Axis Bank?

Opening a savings account is the first step towards financial savings and growth. Axis Bank, one of the leading private sector banks in India, offers a range of savings account options to suit different needs and preferences. 

Key Highlights of Axis Bank Saving Account Opening:

• Online Method - Open an Axis Bank savings account by visiting the website, filling in personal details, uploading documents, and submitting the online form.
• Offline Method - Visit the nearest Axis Bank branch, fill out the savings account application form, and submit it along with KYC documents and photos. 

Axis Bank Savings Account Opening Online

Opening a savings account in Axis Bank online, follow the below steps: 

Step 1: Visit the Axis Bank’s official website. 

Step 2: Click on ‘Explore Products’, ‘Accounts’ and on ‘Savings Account’. 

Step 3: Go through the different types of savings account and click on the ‘Apply Now’ or ‘Get a Call Back’ button for the account you wish to open.

Step 4: Fill out the online application form by providing your personal details like your name, address, contact number, city and your preferred branch.

Step 5: Upload the required documents, pay the minimum balance amount and click on ‘Submit’.

Once your application is approved, your account will be activated and ready for use.

Axis Bank Savings Account Opening Offline

If you prefer to open a savings account in Axis Bank using the offline mode, you need to follow the below stated steps:

Step 1: Visit your nearest Axis Bank branch and collect the account opening form. 

Step 2: Fill out the application form by providing all the necessary details like your name, address, phone number, preferred branch and city.

Step 3: Submit the duly filled application form to the nearest branch along with your KYC documents and recent passport-size photographs.

Step 4: After verification, your account will be activated, and you’ll receive an SMS notification along with a welcome kit containing your debit card, passbook, and cheque book.

Axis Bank Savings Account Opening Form

To open a savings account in Axis Bank, you will need to fill out the savings account opening form. The form can be obtained from the Axis Bank website, downloaded and printed, or collected from any Axis Bank branch. Make sure to fill out the form accurately and completely to avoid any delay in account activation. 

Axis Bank Savings Account Opening Documents

When opening a savings account in Axis Bank, you will need to submit certain documents. The documents required for opening an Axis Bank savings account include:

• 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. 
• 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.

Axis Bank Savings Account Opening Minimum Balance

Axis Bank savings accounts come with varying minimum balance requirements based on the account type, which are as follows:

• Basic Savings Account - NIL
• Easy Access Savings Account and Senior Privilege Savings Account - Rs.12,000 for metro and urban locations, Rs.5,000 for semi-urban locations and 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

Click here to know more details about the types and minimum balance of Axis Bank savings account.   

Axis Bank Savings Account Opening Charges

Axis Bank charges a nominal fee for opening a savings account. The Axis Bank saving account charges vary depending on the type of account, which are as follows: 

• Basic Savings Account - NIL
• Easy Access Savings Account - Rs.16,000 for metro locations, Rs.15,000 for urban locations, Rs.10,000 for semi-urban and rural locations 
• Liberty Savings Account - Rs.200 + GST
• Prestige Savings Account - NIL
• Priority Digital Savings Account - NIL 
• Burgundy Digital Savings Account - NIL 

In addition to the account opening charges, Axis Bank may also levy certain fees for specific services or transactions. It is essential to familiarise yourself with the fees associated with your savings account to avoid any surprises. You can find detailed information on the fees on the Axis Bank website. It is advisable to check the latest schedule of charges on the Axis Bank website before opening an account.

Conclusion

Axis Bank savings account opening can be done easily both online and offline with simple documentation. If you’re wondering how to open savings account in Axis Bank, just follow the steps based on your preferred mode and get started quickly.

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