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Small Basic Savings Account

The Small Basic Savings Account offers you hassle-free savings benefits with zero minimum balance requirements and covers you with Personal Accident Insurance for ₹1,00,000. The benefits of the Small Basic Savings Account include a free RuPay Debit Card, monthly e-statements, passbook, etc. Here are the features and benefits of the Small Basic Savings Account.

Features & Benefits

Bank at your convenience

  • Access to 15,000+ Axis Bank ATMs, 5100+ Axis Bank branches as well as internet, mobile and phone banking services.

Track your banking activities

  • Get monthly e-statements, passbook, SMS alerts

Enjoy zero balance facility

Bank stress-free with no minimum balance requirement.

Bank easy with a free RuPay Debit Card

  • High daily withdrawal limits of ₹40,000 at ATMs and ₹1,00,000 for shopping transactions.

 

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Remember to keep these limits in mind

  • Aggregate of all withdrawals and transfers in a month - maximum ₹10,000.

 

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Eligibility for Small Basic Savings Account

The opening of a Small Basic Savings Account requires you to fulfil certain eligibility criteria. Depending on your eligibility, fill up the application form and submit it along with the necessary documents to open the account.

Ensure your eligibility

  • Entities eligible for a Small Basic Savings Account.
  • An individual residing in India who does not have an existing savings account in Axis Bank, prior to opening the Basic Savings Account.
  • If you fall within the eligibility criteria for the Small Basic Savings Account you can apply for the Savings Account by submitting the application form along with the documents for Small Basic Savings Account. Here are the documents that you need to submit.

Documentation for Small Basic Savings Account

Documents for Small Basic Savings Account for an Individual

Documents as per the bank's KYC procedure.

If KYC documents are not available,

  • Photo ID proof as per the bank’s acceptable list of documents
  • Address proof as per the bank’s acceptable list of documents
  • Two latest passport size photographs.

(Actual KYC documents as per bank's acceptable list should be submitted within 24 months of opening the account).

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, provide address proof documents for both.

Documents for Small 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 Small 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

When you sign up for the Small Basic Savings Account, certain fees and charges may be applicable. The Small 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.

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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

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