Axis Bank Basic Savings Account

Eligibility Criteria for Opening an Axis Bank Basic Savings Account (Single or Joint):

  • Applicant should be an Indian Resident.
  • There should not be any existing savings account with the bank.


Interest Rate 4% (Daily Balance, quarterly paid)
Minimum Balance required None
Premium Card RuPay-Debit Card (Withdrawal limit is 40,000 Rs.)
Access More than 2300 branches & 11,500 ATMs


  • The account provides facilities like mobile and net Banking, passbook and e-statements, alerts via SMS for easy access and tracking of the account.
  • You will get a payable-at-par cheque book for free every year
  • You can withdraw four times every month without any charges.

Charges and Fee

Up to 1 lakh Rs. cash deposition None
More than 1 lakh Rs. cash deposition 150 Rs. or 5 Rs. for each Rs 1000 Rs. (The higher amount will be applicable)
Charges for IMPS 5 Rs Up to 1 Lakh Rs, 15 Rs on 1 Lakh to 2 Lakh Rs(Applied on every transaction made )
Charges for NEFT (Online and through Branch) 2.5 Rs Up to 10,000 Rs , 5 Rs on 10,000 to 1 Lakh Rs, 15 Rs on 1 Lakh to 2 Lakh Rs, 25 Rs. on more than 2 Lakh Rs (Applied on per transaction)
Withdrawal of cash from ATMs (above the free limit) 20 Rs. for financial and 8.5 Rs for non-financial transactions
Petrol pump surcharge 2.5% on the purchase value (10 Rs minimum)
Cancellation of PO/DD 100 Rs
Charges for Additional Cheque Book 50 Rs. on every cheque book
Charges for Card Replacement 150 Rs
Charges for Stop Payment Instructions -Cheque 100 Rs on every cheque
SMS Alerts (Value Added) 5 Rs (monthly )
Charges for Locker Facility This varies according to branch and size