Can I open zero balance account in Axis Bank?
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.
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.
How much money required to open Axis Bank account?
Axis Bank Minimum Balance Requirements The minimum balance amount ranges from as low as Rs. 2,500 to Rs. 1,00,000/-.
You can maintain an Average quarterly Balance(AQB) of Rs 75,000 in your Savings Account or a Total Relationship Value(TRV) of Rs. 5 Lakhs across your Savings Accounts and Fixed Deposits, for a minimum tenure of 6 months.
Which bank minimum balance is zero?
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.15-Nov-2022
IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.
What is free limit in Axis Bank?
5,000 per month (either single or multiple transaction), whichever is earlier. First 3 transactions (Financial + Non Financial) free in Metro Locations (Mumbai, Delhi-NCR, Chennai, Kolkata, Bangalore and Hyderabad ) or First 5 transactions (Financial + Non Financial) free in all Other Locations.
For Easy & Equivalent accounts, the revised charges are as follows: Metro/urban: Rs 600. Semi-urban: Rs 300. Rural: Rs 250. Monthly cash transaction free limits, effective date: July 1, 2022.26-May-2022
Is Axis salary account zero balance?
Axis Bank Prime Salary Account - Charges Nil. However, if a 6-month-old salary account does not receive any credit via transfer, clearing, digital, or cash for two consecutive months, the Average Balance will be INR 100 per month. Daily Limit of ATM Withdrawal - INR 50,000, Daily Limit of POS transaction - INR 4 Lakh.08-Dec-2022
Key fees on your Account
Can I open bank account in 500 RS?
The Bank of Baroda online account opening minimum balance can be Rs 500 or Rs 1000. The Bank of Baroda zero balance account comes with an interest rate of 2.75% to 3%. The Bank of Baroda account opening comes with the benefits of unlimited chequebook facility and free debit card.
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
What are the benefits of Axis Bank?
Advantage Current Account. This account gives you customization facility, unlimited transactions and unlimited cash withdrawal at home & non-home branches. You can also enjoy seamless banking Anytime, Anywhere, with Axis Internet Banking and Mobile Banking apps for free.
ATM Fund Transfer Transfer funds instantly to any Axis Bank account across India via any Axis Bank ATM, using this new-age method of fund transfer. This service of ATM Fund Transfer is available 24x7, 365 days a year, with a daily transaction limit of Rs. 50,000, at your comfort.
What is Axis Basic account?
Axis Bank's Basic Savings Account brings you the best-in-class banking services, without the need for any minimum balance requirement. The benefits of the Basic Savings Account include free cash deposits, convenient banking with access to multiple branches & ATMs across India and Internet & Mobile Banking services.
The best savings accounts 2022
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.
State Bank of India (SBI) is the largest bank of India that provides a wide range of banking products to the customers. SBI Savings Account is one of the popular products in which individuals can deposit their money safely. When it comes to interest rates, the SBI Savings Account provides 2.70% per annum.
Which bank account is cheapest?
Best no-fee checking accounts
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
Can I open a bank account with no money?
The short answer is yes. You don't need a deposit to open a bank account, if you choose a bank that doesn't require one. A handful of online-only banks and banks with online banking do not require a deposit. Just make sure to review the features, terms, and fees of the bank to determine if it's the right one for you.26-May-2021
Can I open zero balance account in Axis Bank?