Which current account is best in Axis Bank?

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.

What are the 4 types of current account?

Read more Current Account Minimum Balance here.

Packaged Current Account: The Packaged Current Account is one of those types of Current Account, which is in between the premium account and standard Current Account.
Foreign Currency Account :
Single Column Cash Book :

How many types of current account are there in Axis Bank?

Axis Bank Current Account Minimum Balance and Charges

What are the charges of Axis Bank current account?

Key fees on your Account

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.

Is Current Account better than savings?

A savings account is most suitable for people who are salaried employees or have a monthly income, whereas, Current Accounts work best for traders and entrepreneurs who need to access their accounts frequently. Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account.

What are the 7 types of accounts?

List of Top 7 Types of Accounting

Financial Accounting. It even includes the analysis of these financial statements.
Project Accounting.
Managerial Accounting.
Government Accounting.
Forensic Accounting.
Tax Accounting.
Cost Accounting. Cost Accounting.

Can I have 2 current accounts with different banks?

1. You can't have more than one current account. In a word – false. You can have as many current accounts across as many different financial institutions as you like.01-Sept-2021

What are the 7 types of bank accounts?

Here is a list of some of the types of bank accounts in India.

Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others.
Savings account.
Salary account.
Fixed deposit account.
Recurring deposit account.
NRI accounts.

What are the 3 types of current accounts?

Types of current accounts

Standard current accounts. Also known as an everyday current account, this type of account comes with a debit card and access to online banking.
Basic bank accounts.
Packaged bank accounts.
High-interest accounts.
Cashback current accounts.
Student bank accounts.

What are the 6 account types?

Types of accounts

Asset accounts are used to recognize assets.
Liability accounts are used to recognize liabilities.
Equity accounts are used to recognize ownership equity.
Revenue accounts are used to recognize revenue.
Expense accounts are used to recognize expenses.
Gain accounts are used to recognize gains.

How do I know my Axis Bank 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

Is current account tax free?

As we mentioned earlier that a Current Account is a zero-interest account, there is no tax on Current Account.

Can I maintain zero balance 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.

Can I open current account without GST?

However, GST is not mandatory to open a Current Account. A current bank account is widespread among companies, sole proprietorships, enterprises who execute a large number of financial transactions regularly.

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.

Is SBI better than Axis Bank?

Lowest Interest rate of SBI Loan is 10.55%, which is lower than the lowest interest rate of Axis Bank at 10.75%. Hence, SBI is offering a cheaper loan option. Compared to other Personal Loan charges such as processing fees, SBI charges a processing fee of Nil, while Axis Bank charges a processing fee of Upto Rs. 4,999.

Which bank is better between HDFC and Axis?

Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%.

What is the disadvantage of current account?

Contrary to a savings bank account, a current account holder cannot automate bill payments on a set date. This is a major inconvenience if you have only one functioning account for your business and have to pay monthly bills.21-Jun-2022

Can I use current account for personal use?

No, because the facilities, features, and benefits of each type of account differ, it is not possible to convert a savings account to a current account. Savings accounts are opened for personal use and are intended to be used in an emergency, whereas current accounts are used by businesses for regular transactions.17-Aug-2022

What is the minimum balance in current account?

Banks require Current Account holders to maintain a minimum amount as account balance on average within a quarter or month. For example, the minimum account balance for a regular Current Account with HDFC Bank is Rs 10,000. But, the MAB can vary between the Current Account products.

Which current account is best in Axis Bank?