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Defence Salary Account (Power Salute)
Defence Salary Account is created to cater to the specific needs of defence personnel. It comes with a free Power Salute Debit Card that has the annual and joining fee waived for primary / joint account holders. It also provides a Personal Accident Insurance Cover of up to ₹30 lakhs.
Features & Benefits
Earn 2.50% interest on daily balances, quarterly
Click here to view the new interest rate of Savings Account
Enjoy zero opening deposit and monthly balance requirement
Zero minimum opening deposit and Nil Average monthly balance requirement*
Free, unlimited chequebook and DD/Pos
Unlimited free payable-at-par Chequebooks Unlimited free Demand Drafts/Pay Orders, at Axis Bank locations
Bank at your convenience
Free SMS alerts, access to 16000+ Axis Bank ATMs, 5500+ Axis Bank branches as well as internet and mobile banking services
Avail of free monthly e-statements
SMS – GREEN to 5676782 to register for monthly e-statements
Carry out free NEFT/RTGS transaction
Free, unlimited online NEFT/RTGS transaction
Bank easy with a Power Salute Debit Card at nil issuance and annual charge
- Free Power Salute Debit Card for primary/joint account holder with nil issuance and annual charges
Protection for self, family and assets*
- Personal Accident Death Cover: In the unfortunate event of loss of life in a mishap, the customer's beneficiaries will receive the benefit of Accident Insurance of ₹30 lakhs.
Family Banking Program
Enrol up to 3 family members and extend select benefits of your account to your family. You can also:
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Bank easy with a Power Salute Debit Card at nil issuance and annual charge
Protection for self, family and assets*
Family Banking Program
Enrol up to 3 family members and extend select benefits of your account to your family. You can also:
In case of an emergency, block your Debit Card instantly
Important Notice:
With effect from 1st December 2017, Defence Salary Account will be issued with Power Salute Platinum Debit Card on RuPay including replacement and renewal request of all existing non-upgrade debit card. This card offers additional benefit of lounge access and cashback on utility bill payments (powered by RuPay) along with the existing card benefits.
Eligibility for Defence Salary Account
Documentation for Defence Salary Account
Fees and charges
Certain fees and charges may be applicable for the Defence Salary Account. These fees and charges are listed below so you know what you are paying for.
Important Links
Click on these links to know more about accounts safety. You can also update your PAN and register for e-statement.
Defence Salary Account which is easy on your pocket
The Defence Salary Account from Axis Bank is intended for our nation's valiant soldiers. The purpose of this account is to address the unique requirements of military personnel.
Checksum Validation for Salary Upload File
- To verify that the content in the salary upload file is authentic
- To confirm that the file has neither been altered by an unauthorised third party, nor been damaged during the transfer process across the internet
- To act as a signature of the file
Terms & conditions
Savings account under salary scheme is a special account offered to customers with regular direct salary credits coming into this account. In case the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under the said account stands withdrawn and the account shall be treated as a normal savings account under our standard charge structure. Monthly Average Balance (MAB) is required to be maintained and all charges shall be levied and applied as applicable to normal savings accounts. Moreover the Know Your Customer must be complied with as applicable to a normal savings bank account and documents are to be submitted, failing which there would be a credit freeze marked on the said account. The features of normal savings bank account and charge structure are available on the bank's website – www.axisbank.com. You may please contact your nearest Axis Bank branch for further details.
*T&C Apply
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