Axis BankAxis Bank Future Stars Savings Account

Children below 18 years can open Future Stars Savings Account in Axis Bank, which offers interest rate of 4% on account balance, paid quarterly. Minimum balance of Rs. 2500 shall be maintained in accounts in metros.

This account features:
  • SMS alerts
  • Internet banking
  • Passbook/e-statements
  • Funds transfer from parent's account
  • Visa Classic Debit card issued for yearly fee of Rs. 150 & Rs. 100 for card replacement
  • Quarterly free 'payable at par' cheque book printed with minor's name, additional cheque book costing Rs. 50.
  • Personalised image printing on the card for more than 10 year olds.

First five transactions at all ATMs are free, thereafter charge of Rs. 20 for each financial & Rs. 8.50 for each non financial transaction shall be levied. Daily withdrawal shall be limited to Rs. 1500. Petrol pump purchases shall attract a surcharge of 2.5%, subject to minimum of Rs. 10.

International cash withdrawal fee shall be Rs. 125 & balance enquiry fee Rs. 25.

Personal accidental policy of Rs. 200000 can be availed by swiping card at least once every six months. Combined lost card & purchase protection liability of up to Rs 50,000 is provided.

Reward points earned on transactions can be redeemed across various categories.

Transaction charge of Rs. 5 per thousand or Rs. 150, whichever is higher shall be levied on each cash transaction after five free cash transactions (beyond Rs. 10 lakhs).

For IMPS a fee of Rs. 5 for each transaction up to Rs. 100000, Rs. 15 for each transaction of Rs. 100000 to Rs. 200000.

For NEFT a fee of Rs. 2.50 for each transaction up to Rs. 10000, Rs. 5 for each transaction of Rs. 10000 to Rs. 100000, Rs. 15 for each transaction of Rs. 100000 to Rs. 200000 & Rs. 25 for each transaction above Rs. 200000.

A fee of Rs. 100 each shall be charged for issuing of photo attestation, foreign currency deposit , address confirmation, balance certificate, signature verification, duplicate passbook fee at branches, cancellation or revalidating or issuing of duplicate DD/PO.

Closing account fee is Rs. 500.