Can I open Axis Bank account with zero balance?
Yes. Axis Bank offers a Zero Balance Savings Account also called Basic Savings Account as part of the Pradhan Mantri Jan-Dhan Yojana Scheme. The account offers benefits such as free cash deposits, access to over 4000 Axis Bank branches and 14,000+ ATMs across India and Internet and Mobile banking services.
Special Feature. Kotak Mahindra Bank has introduced three kinds of zero balance accounts out of which Kotak 811 Full KYC account is the most useful as it provides a cheque book and a debit card (if required by paying INR 199) and a free digital debit card. Facility of NEFT, IMPS, RTGS available without any charge.15-Nov-2022
Is Axis Bank ASAP account zero balance?
Axis Bank's ASAP account is a digital only account that offers all these benefits. While there is no minimum balance requirement, any amount above Rs 20,000 is automatically swept into its auto-FD feature and fetches you higher interest rates.26-Jul-2019
Which Bank Is Best for Zero Balance Account in India?
What is Axis minimum balance?
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.
Axis Bank Minimum Balance Requirements 2,500 to Rs. 1,00,000/-.
Is Axis Bank a good bank?
This bank has a good customer service and the rate of interest was nominal. 0.5 4.0/5 "Great!" When i was required some fund, i have applied the personal loan from Axis bank because of the better service. They have provided me a interest rate of 18.25% for the loan amount of Rs.
Zero-balance accounts have a limit on the number of transactions you can make per month. Usually, banks allow only four monthly withdrawals. If you do make more than the permitted number of withdrawals, the bank will convert your zero-balance account into a regular Savings Account.
What happens if I don't maintain minimum balance in Axis Bank?
7.5 per 100 of the shortfall from AMB requirement or 600 whichever is lower. 7.5 per 100 of the shortfall from AMB requirement or 600 whichever is lower. 7.5 per 100 of the shortfall from AMB requirement or 300 whichever is lower.
With a zero-balance savings account, most of the banks offer a free ATM-cum-debit card, passbook and cheque book. Also, facilities like internet and mobile banking are offered by several banks.
Which type of Axis bank account is best?
Basic Savings Account This account is for basic savings and a zero minimum balance account, free cash deposits. RuPay debit card with a daily ATM withdrawal limit of INR 40,000. Unlimited cash deposit and 4 free withdrawals per month free of cost.27-Sept-2022
Key fees on your Account
Which bank has no maintenance fees?
Ally Bank offers a checking account that doesn't have a monthly maintenance fee or a minimum opening deposit. It also pays 0.1 percent APY on balances less than $15,000 and 0.25 percent APY with a minimum daily balance of $15,000.02-Dec-2022
Yes, anybody can open a Bank of Baroda zero balance account.
What is the benefit of Zero Balance Account?
As the name suggests, the basic benefits of a zero balance account are that you will not have to maintain any kind of balance in the account and can use the money till the last penny is available.
Minimum amount due is 5% of your total amount that you can pay to avoid late payment charges on your card.
Which bank minimum balance?
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
Minimum balance in SBI bank savings account 1000 monthly in rural areas. In semi-urban areas, the AMB is Rs. 2000, and in the metro city, the account holder has to maintain an AMB of Rs. 3000.06-Sept-2022
How do I open a zero balance account?
Every individual who is a resident of India is eligible to open a zero balance account. To open a zero balance account online, one needs to have a valid Aadhaar and PAN card. As per RBI's regulation, banks can open savings account online through Aadhaar OTP verification.
As the name suggests, a zero balance savings account is a 0 balance account where the account holder is free to operate the account without maintaining a minimum balance. You also have an option of online bank account opening with zero balance.17-Oct-2022
Which is good Axis or HDFC?
Axis Bank is most highly rated for Job security and advancement and HDFC Bank is most highly rated for Culture.Overall Rating.
Can I open Axis Bank account with zero balance?