Are you searching for an axis bank zero balance account opening online? ok! Here is discussed step-by-step axis bank zero balance account opening online.
Axis Bank offers various zero balance savings accounts to customers as per their goals.
The article will discuss the process of opening a zero balance account with Axis Bank online. It outlines the benefits of a zero balance account and the eligibility criteria for opening one.
The article provides step-by-step instructions for online account opening along with the required documents and verification process.
The depositor is not required to maintain a minimum balance in the Access Bank Savings Account. This means the account will remain open and allow you to deposit without any charges.
Finally, it highlights the account features and available services like fund transfer, and bill payments, including internet banking, debit card, and mobile banking. Read the page to know more about Zero Balance Savings Account Axis Bank.
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Step By Step Full Guide Axis Bank Zero Balance Account Opening Online
Finally, Axis Bank has launched zero balance account openings. The name of this account is Sahaj Savings Account.
You need to deposit a minimum of 500 rupees to open this account. You can withdraw this 500 rupees after the account is opened.
After withdrawing Rs 500, if you do not deposit any money in the bank then the bank will not deduct any charges from you. It is a completely zero balance account.
Although this is a zero balance account, you can deposit as much money as you like. There is no limit to keeping the money.
Axis Bank Sahaj Savings O Balance Account features
- Axis Bank’s Sahaj Savings Account is a basic savings account. This accounting offers various features and benefits to the customers. Key features of this account include:
2. Minimum Balance: Now there is no minimum balance required to maintain. 10 thousand for metro and urban branches. 5000 for branches in Ada city. and 2500 for rural branches.
3. Free Cash Deposits & Withdrawals: Customers can make unlimited cash deposits and withdrawals at Axis Bank branches.
4. Free ATM Transactions: Customers can make unlimited free ATM transactions at Axis Bank ATMs. Up to five free transactions per month at Non-Axis Bank ATMs.
5. Free Passbook and e-Statement: Customers will receive a free Passbook statement with their account
6. Online and Mobile Banking: Customers can check their balances, view transactions, transfer funds, and much more through the Axis Bank mobile app.
7. Insurance Cover: The account comes with a complimentary personal accident insurance cover of up to Rs. Two lakhs.
8. Debit Card: Customers will get a free Classic Card with their account. This card can be used to make cash withdrawals, make purchases online and at merchants, and more.
Overall, Axis Bank Sahaj Savings Account is a good alternative savings account. This account has various features and benefits.
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Axis Bank Sahaj Savings Balance Account Opening Online
Below is the link to open Access Bank Zero Balance Account. Click the link below. After clicking a page will open.
On this page you will enter your name, email id, mobile number, state, city, and captcha code, enter and click on the checkbox. Click on Submit option.
- Your name
- Email id
- Mobile number
- State
- City
- Captcha code
- click on the checkbox
- Click on Submit option
After submitting another page will open in front of you. The page is a “thank you for submitting your consent with us”.
Then the mobile number you entered. Axis Bank will contact you on the mobile number. Also if a doorstep service is available in your state.
Then the Axis Bank official will come to your home and open a zero balance account. If your account does not have doorstep service, then you cannot open a zero balance account.
The doorstep service is where the banker will come to your home and open your zero balance account.
This is the only way to open Axis Bank Zero Balance Account. In this way, you can open Axis Bank zero balance online account very easily at home.
Types of Axis Bank Zero Balance Savings Account
Axis Bank offers a variety of Zero Balance Savings Accounts. Each zero balance account caters to the specific needs of customers. Some of the most popular zero balance savings accounts offered by Axis Bank are discussed below.
- Axis ASAP Account: This account is specially designed for customers who want a zero balance account with the instant account opening and easy access to digital banking services.
2. Axis Basic Savings Account: Those who want to open basic savings account with no minimum balance requirement and free ATM withdrawals. This account is only for them.
3. Axis Digital Savings Account: Those who prefer to manage their finances through digital channels and want access to a range of digital banking services. This account is suitable for those customers.
4. Axis Pension Savings Account: The pension in this account is designed for patients. Offers various benefits including no minimum balance, free ATM withdrawals, and high-interest rates.
5. Axis Women’s Savings Account: This account is exclusively designed for women. No minimum balance is required. Offers various benefits including free ATM withdrawals and cashback on certain transactions.
6. Axis Trust/NGO Savings Account: This account is designed for trusts and NGOs. No minimum balance is required. Offers various benefits including free ATM withdrawals and personal checkbook.
These are some of the popular types of zero balance savings accounts offered by Axis Bank. Villagers can choose accounts that meet their specific needs and requirements.
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Interest Rates of Axis Bank Zero Balance Account
The interest rate on a savings account is calculated on a daily basis. The account is credited on the first day of the next quarter. The interest rate will depend on the balance maintained in the account.
A is currently between 3% and 3.5%. A savings account provides everything from parking money for future investments, keeping funds safe, easy liquidity, making payments, and other transactions.
A savings account balance also earns interest. Thus a person’s income improves. Interest earned up to Rs. 10,000 in a savings account in a financial year is tax-free.
Axis Bank Zero Balance Account Minimum Balance
As per my knowledge, Axis Bank has offered a 0 balance savings account called “Axis ASAP” with a cutoff date of September 2021. There is no requirement to maintain a minimum balance to operate this account.
Please note that banks keep updating their policies and terms from time to time. It is therefore best to contact the bank directly for the most up-to-date information on their account requirements.
Axis Bank Zero Balance Account Charges
Axis Bank offers various types of zero balance accounts. Each of which has its own charges and fees. Here are some common zero balance accounts offered by Axis Bank and their associated charges.
1. Axis ASAP Account: This is a zero balance savings account. This account can be opened very quickly through the bank’s mobile app.
There are no maintenance charges for this account. However, there are charges for services like cash deposits, ATM withdrawals, and fund transfers.
For example, there is a charge of Rs. 20 rupees + GST for cash deposits at branches, and card charges of Rs. 5 rupees + GST for fund transfers through NEFT.
2. Axis Basic Savings Account: This is another 0 balance savings account. ATMs provide basic banking facilities like withdrawals, fund transfers, and online banking.
There is no charge for maintaining this account. There is only a charge of 50 rupees. 10 rupees + GST for non-financial transactions at the branch, and Rupee card charges. 25 + GST for Non-Axis Bank ATM cash withdrawal.
3. Axis Basic Savings Account: It is a zero balance account. Opening this account online does not take much time. This account can be opened in just a few minutes.
There is no charge for maintaining this account. There are charges for certain services. Such as cash deposits, ATM withdrawals, and fund transfers.
20 rupees + GST for cash deposits at branches, and a charge for cards of Rs. 5 rupees + GST charges for fund transfer through zero balance savings account.
Note: It is important to note that charges and free time may vary from time to time. So it is better to contact Axis Bank directly or visit their website for the latest information.
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Axis Bank Zero Balance Account Details
Axis Bank offers a variety of zero balance accounts to meet the needs of different customers. Here are some details of the different types of zero balance accounts offered by Axis Bank:
1 Axis ASAP Account: It is a digital savings account. Which can be opened instantly using axis bank mobile. It offers features like free ATM withdrawals, free online fund transfers, and a virtual debit card.
2. Axis Basic Savings Account: This account can be opened with zero balance. Offers features like free ATM withdrawals, free online fund transfers, and a debit card. This account is generally for those with very little or no income.
3. Axis Insta Savings Account: This is a 0 balance account. This account can be opened instantly using Axis Bank Mobile. It offers features like free ATM withdrawals, free online fund transfers, and a debit card.
4. Axis Pension Savings Account: This savings account is offered to pensioners. The account can be opened with a zero balance. Offers features like free ATM withdrawals, free online fund transfers, and debit cards.
Note: To open any of the zero balance accounts with Axis Bank, you need some documents. Such as identity proof, address proof, and a passport-size photograph must be provided.
For more details and to apply for a zero balance account you can visit the Axis Bank website or the nearest Axis Bank branch.
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Axis Bank Zero Balance Account Transaction Limit
Axis Bank offers different types of savings accounts with different transaction limits and requirements. However, if you refer to Axis Bank Basic Savings Account for zero balance requirement. So here are the transaction limits.
- Daily ATM withdrawal limit: 10,000 rupees.
- High ATM withdrawal limits of Rs. 40,000 rupees.
- Daily purchase limit using debit card: 1,00,000 rupees.
- Online Fund Transfer Limit: Rs 2,00,000 per day using NEFT or RTGS.
Note: It is important to note that these limits may vary based on your account holdings, account balances, and other factors. It is always better to check directly with Axis Bank to confirm the transaction limit in your particular account.
FAQS
Can I open 0 balance account in Axis Bank?
Yes, you can open a zero balance savings account in Axis Bank. The bank offers various types of savings accounts with different features and requirements, including some accounts that do not require a minimum balance. These accounts are designed to cater to customers who may not be able to maintain a minimum balance but still want to enjoy the benefits of having a bank account.
To open a zero balance account in Axis Bank, you may need to provide certain documents, such as identity proof, address proof, and a recent photograph. The bank may also require you to fill out an account opening form and provide your PAN card details.
It’s important to note that even though a zero balance account doesn’t require a minimum balance, there may be other fees and charges associated with the account, such as ATM withdrawal fees, checkbook charges, and so on. It’s advisable to check with the bank for the exact fees and charges before opening an account. More
How to open a zero balance savings account
Opening a zero balance savings account is a simple process that can be done by following these steps:
1. Choose a Bank: First, research and choose a bank that offers a zero balance savings account. Many banks offer this type of account to encourage people to open savings accounts.
2. Gather the required documents: To open a zero balance savings account, you will need to provide certain documents. These may include your Aadhaar card, PAN card, passport, voter ID card, or driving license. You may also need to provide proof of address, such as a utility bill or rental agreement.
3. Fill out the account opening form: Once you have gathered the required documents, visit the bank’s branch or website and fill out the account opening form. The form will require you to provide personal and contact details, including your name, address, and phone number.
4. Submit the form and documents: After filling out the form, submit it along with the required documents to the bank’s branch or online portal.
5. Account activation: The bank will verify your documents and activate your account within a few days. You will receive an SMS or email confirmation when your account is activated.
Once your account is activated, you can start using it to save money and earn interest. Remember to maintain a minimum balance in the account to avoid penalties or charges. More
What is the Axis Bank Zero Balance Account Transaction Limit?
Zero balance accounts have certain transaction limits, which may include:
Cash withdrawals – The maximum amount of cash that can be withdrawn from an Axis Bank zero balance account in a day is Rs. 50,000.
Fund transfers – The maximum amount that can be transferred through NEFT/RTGS/UPI in a day from an Axis Bank zero balance account is usually capped at Rs. 2 lakhs.
Debit card transactions – The maximum limit for POS (Point of Sale) and online transactions on an Axis Bank zero balance account is Rs. 1 lakh per day.
Note that these transaction limits may be subject to change based on the bank’s policies and regulatory guidelines. It’s best to confirm the current limits with the bank before initiating any transaction. More
What is the rate of interest applicable on the Axis Bank Basic Savings Account?
As of my knowledge cutoff date of September 2021, the interest rate on the Axis Bank Basic Savings Account was 3.5% per annum for balances below Rs. 50 lakh and 4% per annum for balances of Rs. 50 lakh and above. It is important to note that interest rates are subject to change at any time at the discretion of the bank, and you should check with the bank or visit their website for the current interest rates on the Axis Bank Basic Savings Account. More
What are the types of Savings Bank Account available with Axis Bank?
As of my knowledge cutoff date, which is September 2021, Axis Bank offered the following types of Savings Bank Accounts:
1. Priority Savings Account: This type of account is designed for customers who have a higher net worth and require special privileges and services. The account offers features like preferential interest rates, free lounge access, concierge services, and more.
2. Prime Savings Account: This type of account is designed for customers who want to earn higher interest rates on their savings. The account offers a higher interest rate than a regular savings account, along with features like free cash deposits, unlimited free ATM transactions, and more.
3. EasyAccess Savings Account: This type of account is designed for customers who want to have easy access to their savings. The account offers features like unlimited free ATM transactions, free NEFT/RTGS transactions, and more.
4. Women’s Savings Account: This type of account is designed exclusively for women customers. The account offers features like higher interest rates, cashback on shopping, and more.
5. Senior Citizen’s Savings Account: This type of account is designed exclusively for senior citizens. The account offers features like higher interest rates, a free personalized checkbook, and more.
It is important to note that banks often introduce new account types or make changes to existing accounts, so it’s best to check with Axis Bank directly for the most up-to-date information. More
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