Axis Bank Basic Savings Account is a zero-balance facility. You can access convenient banking through mobile and internet banking services, ATMs, branches, free cash deposits, and more. You can also keep track of your transactions with ease, and receive SMS alerts for the same. Get a passbook for free every quarter. The daily POS transaction limit is Rs. 1 lakh. The daily ATM withdrawal limit is Rs. 40,000.
In this post, we will discuss Axis Bank Basic Savings Account features, interest rates, eligibility criteria, required documents, fees and charges, as well as FAQs.
Here are the features of this Axis Bank Savings Account:
Here are the details of Axis Bank Basic Savings Account Interest Rates:
Axis Bank Savings Account interest rate is between 3.00% and 3.50%. The Floor Price for all slabs linked to Repo Rate is 3.50% per annum. The calculation of interest is based on incremental account balance slabs. If the SB account balance is over Rs. 2,500 crores then contact the branch office for preferential interest rates.
Here are the eligibility norms:
Here are the documents you need to open this Axis Bank Savings Account:
Here are the fees for this Axis Bank Savings Account:
Here is the Axis Bank Basic Savings frequently asked questions:
If you do not make transactions for 17 months continuously, then the one-time free from the 18th of the month is Rs. 100.
The fee for the issuance of the original card is Rs. 250 + GST. For Angry Birds Images, the fee is Rs. 500 + GST.
The fee is Rs. 50 for each of these aspects. The fee is counted per instance.
The charge for such an instance is Rs. 5 per Rs. 1,000. Or, it is Rs. 150, whichever is higher.
Rs. 1,000 for foreign currency (FC) outward remit by Swift/TT/Wire. Rs. 250 for FC inward remittance fee per instance. Rs. 250 or 0.3%, whichever is high for FC outward remit by DD. Rs. 100 for FC inward remit FIRC/traveller cheques and currency notes/deposit at branches. Rs. 250 for FC cheque IRM commission. Rs. 50 for FC cheque courier charges.
FC cheque base charges 0.25% of INR value plus GST (minimum Rs. 111). FC cheque additional charges for direct collection is as per the drawee bank. The same is as per correspondent bank for FC cheque of FCS only. The charges are on receipt for reimbursement collection as per the drawee bank and $13 as per the correspondent bank.
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