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Senior Privilege Savings Account
The Easy Access Silver Savings Accounts offers a host of advantages to senior citizens. The benefits of the Easy Access Silver Savings Accounts include higher FD rates, up to 15% discount on medicines and other purchases at over 3,000 Apollo Pharmacies.
Features & Benefits
Earn 2.50%* interest on daily balances, quarterly
Click here for interest rates to view the interest rate of Savings Account
Discounts at health care services
Up to 20% off at several diagnotics centres and up to 15% off at over 4,000 Apollo pharmacies.
Read MoreBill Payment facility at branches
Pay all bills at any Axis Bank branch with a simple, one-time registration.
Read MorePreferential treatment at branches
Get attended on priority at all our branches enabled with queue management systems.
Move up the queue by identifying yourself as a senior citizen.
Keep yourself, your family and assets safe
- Free personal accident insurance cover of ₹2 lakhs upon swiping your card once every 90 days*
Higher FD rates*
Discounts at health care services
Complimentary membership to the Silver Linings Program*
Bill Payment facility at branches
Exclusive senior's ID card
Low opening deposits
Bank with a power packed debit card
Keep yourself, your family and assets safe
Exclusive banking benefits
Eligibility for Easy Access Silver Savings Accounts
The Easy Access Silver Savings Accounts is designed to provide exclusive privileges to senior citizens. To apply for a Easy Access Silver Savings Accounts, you must fulfil the eligibility criteria.
Ensure your eligibility
Documentation for Easy Access Silver Savings Accounts
Documents for Easy Access Silver Savings Accounts
*For a detailed list of documents, click here
Senior citizens who fulfil the eligibility criteria can apply for the Senior Privilege Saving Account. To apply, kindly call the customer care and get assistance on the account opening process.
Fees & Charges
When you sign up for the Easy Access Silver Savings Account, certain fees and charges may be applicable. The Easy Access Silver Savings Account charges are nominal and are disclosed upfront, so you know what you are paying or being charged for.
Please click below for fees and charges to view the complete list of fees and charges.
Important Links
A diverse range of services, including rewards, travel perks, fraud protection and more that add value to your transactions.
Prestige Savings Account
Easy Access Savings Account
Quick Downloads
You can view a sample of the Senior Privilege Account Opening Form below. To apply for Easy Access Silver Savings Account, please visit your nearest Axis Bank branch along with the necessary documents.
Frequently Asked Questions
Starting 01 April 2022, the minimum balance in your Axis Bank Easy Access Savings Account should be ₹12,000 for metro and urban locations, ₹5,000 for Semi Urban and ₹2,500 for Rural.
Starting 01 April 2022, the minimum balance in your Axis Bank Easy Access Savings Account should be ₹12,000 for metro and urban locations, ₹5,000 for Semi Urban and ₹2,500 for Rural.
While there is an initial deposit requirement and a monthly average balance limit on your Axis Bank Savings Account, there is no upper limit on how much you can deposit to your account.
The interest rates as per the existing norms and regulations are calculated on the daily account balance, and the cumulative interest earned on balance is paid out to the Easy Access Savings Account on a quarterly basis. For latest interest rates, please click here.
The interest on an Easy Access Savings Account is earned on the daily account balance and is paid out on a quarterly basis.
The Average Monthly Balance of an Easy Access Savings Account is calculated by taking the daily closing balance in the account for a given month. The average is then divided by the total number of days in the month. The formula for the same is: Average Monthly Balance = (Sum of all daily closing balances) / (No. of days in a month)
The Axis Bank Easy Access Savings Account allows you to maintain a monthly average balance requirement of ₹12,000 if you are carrying out online banking from a metro city. The minimum opening deposit in your account will be ₹16,000.
With an Easy Access Savings Account, you can easily make your payments for your utility bills online, access your funds from anywhere and at any time and enjoy a number of value-added benefits, services and discounts on your online purchases. An Easy Access Savings Account saves you from the hassle of handling cash payments.
To deposit money into your Easy Access Savings Account, you can fill in the deposit slip with details like your name, account number, date, and amount of money to be deposited and submit it to your bank. Once account is opened you can credit your account via Online mode of payments as well.
The interest earned on your account balance is credited to your Easy Access Savings Account on a quarterly basis.
You can receive your Easy Access Savings Account statement on a monthly basis. You can choose to receive the e-statement of your account or opt for the physical statements.
In a few easy steps, you can complete the video KYC (Know Your Customer) verification of your Axis Bank Easy Access Savings Account:
- You will need your PAN card and Aadhar card for verification.
- Fill in your personal details on the online form.
- Update your account with initial funding of ₹16,000.
- Get your KYC verified on a video call from our officials.
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