What is premium account in Axis Bank?

What is premium account in Axis Bank?

Axis Bank's Prime Savings Account gives you an edge in the way you bank. Benefits of the Prime Savings Account include enhanced transaction limits, free & unlimited demand drafts / pay orders, unlimited cheque books and a personal accident insurance cover of up to Rs. 5 lakh.

What is the minimum balance for Axis Bank Priority account?

To be eligible for the exclusive benefits you need to: Maintain an Average Quarterly Balance (AQB) of 2 lakhs (in Metro / Urban / Semi-urban & Rural locations) in your Savings Account OR Maintain an Average Quarterly Balance (AQB) of 4 lakhs across your Savings, Current Accounts.01-Jan-2021

What is Axis Bank Priority account?

Axis Bank Priority Salary Account gives employees access to superior banking services and additional exclusive benefits. Get a free Priority Platinum Debit Card, Personal Accident Insurance cover of Rs. 10,00,000 and a host of complimentary banking services, with the Priority Salary Account.

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

What are the benefits of a premium bank account?

The benefits vary by account, but you can often get:

How does a premium account work?

A share premium account is typically listed on a company's balance sheet. This account is credited for money paid, or promised to be paid, by a shareholder for a share, but only when the shareholder pays more than the cost of a share.

How do I become a priority customer axis?

Open the Priority Savings Account digitally from the comfort of your home with just PAN + Aadhaar + Video call

How do I become a priority Bank customer?

Priority banking customers are usually invited exclusively by the respective banks. Sometimes, other priority customers can make a recommendation to nominate a person but will of course be at the discretion of the bank.19-May-2017

What is Axis monthly service fee?

Account Service Fee (Urban) 7.5 per 100 of the shortfall from AMB requirement or 600 whichever is lower. Average Balance Required (Semi Urban) Average Monthly Balance (AMB) of Rs. 5,000.

Which Axis Bank salary account is best?

ULTIMA Easy Access Salary Account

Who are priority customers in bank?

These customers are determined according to the balance, they maintain in the bank, and the number of years of relationship with the bank. There are cases where a customer gets a priority banking status without applying for it. In some cases, one has to apply for this.17-Nov-2019

What is prestige salary account in Axis Bank?

In addition to a fully digital account opening and verification process via Video KYC, the Prestige Digital Salary Account offers an instant Virtual Debit Card, a physical Cashback Debit Card, deals on shopping and fuel, Axis Bank's “Express Response Guarantee” and more!

Which account is better axis or Icici?

Axis Bank's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Axis Bank. ICICI Bank's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of ICICI Bank. Their current market cap is $59.96B.Axis Bank vs ICICI Bank.

How many types of Axis Bank accounts are there?

Axis Bank offers multiple Savings Bank accounts to suit different needs. Some of them are EasyAccess Savings Account, Pension Savings Account, YOUth Account, Women's Savings Account, Future Stars Saving Account, Trust/NGO Savings Account, Senior Privilege Savings Account, etc.

How do I know my Axis account type?

First digit – 9, which is the running serial number used by Axis Bank for all the new accounts. Next two digits- 01, is the scheme code depicting the type of account you hold. For example, 01-savings, 02-current account.30-Nov-2022

What is a disadvantage of a premium account?

Here are the key disadvantages of premium bank accounts: High minimum balance requirements: You'll have to keep a significant amount of money in your account or accounts to avoid monthly fees, which typically cost $25 or more.19-May-2021

What are the disadvantages of premium current account?

The disadvantages of a packaged bank account

Which premium bank account is best?

Top five premium bank accounts

What type of account is premium?

Premium checking accounts are a type of checking account in which account holders are rewarded for meeting high balance requirements or paying higher monthly fees. These rewards may include higher interest rates, fee-free ATMs, free checks, and more.21-Mar-2022

Is premium amount paid monthly?

Your insurance premium is the monthly amount that you pay to maintain coverage by an insurance company. Depending on the plan, you may have the option to pay monthly, quarterly, or annually. Some plans require you to pay up front before coverage starts.

Is a premium account a current account?

What is a premium current account? Premium current bank accounts, also known as packaged or sometimes gold bank accounts, offer the same service as the free current accounts on the market, while adding extras such as insurance and mobile phone cover, in return for a monthly fee.25-Mar-2021

What is premium account in Axis Bank?