Is zero-balance account available 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.
Best Zero Balance Savings Account 2022
How can I open Axis Zero account?
Step 1: Select the type of Axis ASAP Digital Savings Account you'd like to open and verify yourself using your PAN, Aadhaar and mobile number. Step 2: Key in your personal details. Step 3: Complete verification via Video KYC. Step 4: Fund your account and confirm your name to be published on debit cards.
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.
Does zero-balance account have ATM card?
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.
Axis Bank Minimum Balance Requirements 2,500 to Rs. 1,00,000/-.
What is the limit for zero account?
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.
Disadvantages of Zero Balance Savings Account Online zero balance accounts have an initial balance limit of Rs. 1 lakh. These restrictions can be removed after the KYC process. Foreign contributions cannot be made to zero balance accounts.
Can you deposit money zero account?
Indeed. You can save money in a zero balance account due to many reasons such as: You do not require a deposit amount to open a zero-balance saving account, however funds can be deposited into it to increase the savings .17-Oct-2022
Pockets Zero Balance Account - ICICI Bank.
Is it good to open zero balance account?
A Zero Balance Account is very elementary in nature. It was introduced to make banking accessible to everyone. Basic banking facilities are definitely available with this account. For instance, you may get a free passbook facility and free monthly account statements.
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.
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.
Axis Bank Instant (Digital) Savings Accounts
Which bank has lowest minimum balance?
List of All Banks Savings Account Interest Rates and Minimum Balance 2022
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.
Does zero balance account close automatically?
Zero Balance If your account contains no money, the bank might close it. Simply because an account says there are no minimums, does not mean the account should remain empty for days or months. The time frame will vary based on your individual bank and its practices.30-Sept-2021
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
What is Axis Bank monthly service fee?
Key fees on your Account
Minimum amount due is 5% of your total amount that you can pay to avoid late payment charges on your card.
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.
Is zero-balance account available in Axis Bank?