Government Scholarship Savings Account
Axis Bank's Government Scholarship Savings Account brings you the best-in-class banking services, without the need for any minimum balance requirement. The benefits of this Account include free cash deposits, convenient banking with access to multiple branches & ATMs across India and Internet & Mobile Banking services. The account provides students with e-statements, SMS alerts and a passbook, so they are always updated on their account status and transactions related to Government Grants & Scholarships.
Features & Benefits
Earn interest on daily/ quarterly balance
Click here to view the new interest rate of Savings Account.
Bank at your convenience
Get access to 15,000+ Axis Bank ATMs, 5100+ Axis Bank branches as well as internet, mobile & phone banking services.
Enjoy Zero Balance Facility
Bank stress free with no minimum balance requirement.
Track your banking activities
Get monthly e-statements, passbooks, SMS alerts, etc.
Bank easy with a free RuPay Debit Card
Available for primary & joint account holder.
High daily withdrawal limits of ₹40,000 at ATMs & ₹1,00,000 for shopping transactions.
Eligibility for Government Scholarship Savings Account
Documentation for Government Scholarship Savings Account
Fees and charges
When you sign up for the Government Scholarship Savings Account, certain fees and charges may be applicable. The Government Scholarship Savings Account charges are nominal and are disclosed upfront, so you know what you are paying or being charged for.
Important Links
Click on these links to know more about accounts safety. You can also update your PAN and register for e-statement.
Frequently Asked Questions
A Government Scholarship Savings Account is an account created to meet all of a student's fundamental banking requirements.
There is no minimum balance requirement for Government Scholarship Savings Account.
No, an applicant should not have any existing Savings Account with Axis Bank prior to the opening of Government Scholarship Savings account. Also, an existing Government Scholarship Savings bank customer cannot open another Savings Account with Axis bank.
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Terms & Conditions
Applicant should not have any existing Savings Account with Axis Bank prior to the opening of Government Scholarship 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 Government Scholarship Savings Bank account. An existing Government Scholarship Savings bank customer cannot open another Savings Account with Axis bank.
To view all the Terms & Conditions, click here.
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