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Basic Savings Account

Axis Bank's Basic Savings Account offers top-tier banking facilities without the necessity of maintaining a minimum balance. This account comes with advantages such as complimentary cash deposits, effortless banking through widespread branch and ATM networks across India, along with Internet and Mobile Banking capabilities. You'll receive electronic statements, SMS notifications, and a passbook with the Basic Savings Account, ensuring you're constantly informed about your account status and transactions. Any variations in the mentioned benefits will be communicated to respective customers via SMS on their registered mobile number.

Features & Benefits

Enjoy zero balance facility

Bank stress-free with no minimum balance requirement

Track your banking activities

Get monthly e-statements, passbook, SMS alerts

Bank easy with a free RuPay Debit Card

Available for primary and joint account-holder.

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Eligibility for Basic Savings Account

You can only open a Basic Savings Account if you do not have any other Savings Account with Axis Bank. Please find below the different Basic Savings Account eligibility criteria required to open an account.


Entities eligible for Basic Savings Account

To be eligible for opening a Basic Savings Account with Axis Bank, an individual must live in India and should not already have a Savings Account with Axis Bank. In case there is an existing account, it needs to be closed before one can open a Basic Savings Account. Furthermore, once the Basic Savings Account is opened, the individual is not permitted to hold any other Savings Account in Axis Bank.

Documentation for Basic Savings Account

You will have to submit certain documents to open the Axis Bank Basic Savings Account. The documents for Basic Savings Account vary for individuals, Hindu Undivided Families and Joint Basic Savings Account. Here are the documents that you will need.

Keep your documents ready

Documents for Basic Savings Account for an Individual:

  • Two latest passport size photographs
  • Address and identity proof documents
  • For a full list of address and identity proof documents,  click here
  • Only a single copy of the document is required if it is listed under both address and identity proof, e.g. Passport / Aadhaar Card
  • If your mailing address and permanent address are different, you must provide address proof documents for both

Documents for Basic Savings Account for a Hindu Undivided Family

  • Copy of Aadhaar Card / Form 60 of HUF
  • Declaration from the Karta
  • Proof of identification and address of Karta as per documentation for individual
  • Prescribed Joint Hindu Family letter signed by all the adult holders

Documents for Joint Basic Savings Account

  • Address and identity proof documents for both applicants
  • Address proof can be only of the first holder of the account, as long as it is supplemented by a relationship proof between both holders
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Fees & Charges for Basic Savings Account

When you sign up for the Basic Savings Account, certain fees and charges may be applicable. The Basic Savings Account charges are nominal and are disclosed upfront, so you know what you are paying or being charged for. To view the complete list of fees and charges for Basic Savings Account

Click Here

Future Stars Savings Account

NEO Credit Card
  • Visa Platinum Debit Card with daily ATM withdrawal limit of ₹1,500
  • One free cheque book per year & free 5 financial transactions at Axis Bank ATMs
  • Personalised card & personal accident insurance cover
Min. Avg. Bal: ₹2,500
Initial Funding: ₹3,000

Prestige Savings Account

NEO Credit Card
  • Prestige Cashback Debit Card with daily ATM withdrawal limit of ₹1 lakh
  • Free cheque books & DD/POs, unlimited branch transactions per month
  • Get exclusive cashback offers on Debit Card
Min. Avg. Bal: ₹75,000
Initial Funding: ₹75,000

Easy Access Savings Account

NEO Credit Card
  • Secure plus debit card with daily ATM withdrawal limit of ₹50,000
  • One free cheque book per year, Free 5 financial transactions at Axis Bank ATMs
  • Get up to ₹500* off on Axis Bank Dining program on EazyDiner
Min. Avg. Bal: ₹12,000
Initial Funding: ₹16,000

Terms & Conditions

Applicant should not have any existing Savings Account with Axis Bank prior to the opening of Basic Savings account. If any existing Savings Account is available, same needs to be closed by the customer by providing a closure request. The Bank has a right to freeze operations and/or close the other Savings Account(s), if such account(s) is/are not closed by the customer within 30 days of opening the Basic Savings Bank account An existing Basic Savings bank customer cannot open another Savings Account with Axis bank

To view all the Terms & Conditions, click here  for Terms & Conditions.

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