Axis Bank is one of the largest private banks in India. With a range of beneficial credit and debit cards, Axis has become a popular household name. But there is more to the bank than its rewarding credit cards. Axis Bank offers a wide variety of savings accounts that fit the needs of different individuals. Whether looking for a zero-balance salaried account or a high-end exclusive account, Axis offers them all. The bank has maintained a reputation for smooth services and a very easy-to-use mobile application. Axis Bank has eased the process of managing finances for many.
The bank has a variety of savings account options for its users, some of which help you attain credit cards from Axis Bank with no annual fee for life. Keep reading our article to learn all about the savings accounts offered by Axis Bank.
Amaze Savings Account
Amaze is a zero-balance savings account by Axis Bank that offers high rewards. There are zero charges for domestic banking services with this account, including zero ATM withdrawal charges from an ATM. With this account, customers get an instant virtual debit card. Other benefits of the account include –
- 2,000 EDGE Reward Points on spending ₹20,000 in a month.
- 3 months complimentary Amazon Prime Membership worth ₹599.
- 10 complimentary movie tickets worth ₹4000 valid for 5 months.
- 3 months complimentary Swiggy One membership worth ₹400 and Swiggy Dineout voucher worth ₹500.
- Discounted ride package from Uber worth ₹500.
Although there is no minimum balance requirement, the account has a fee of its own. There are two options for the account holding fee: users can either pay ₹200 monthly or ₹2,200 annually.
Easy Access Savings Account
Axis Bank’s Easy Access Savings Account is one of its most convenient account offerings. Customers need only maintain an Average Monthly Balance (AMB) of ₹12,000 with this account. Users get two debit cards with this account, a virtual and a physical debit card. While the virtual card is free of cost, the physical debit card comes at an annual fee of ₹500 + GST. The features of this account are as follows–
- Debit card has a withdrawal limit of ₹40,000 and a shopping limit of ₹1 lakh.
- 1% cashback and 3X reward points on online purchases.
- When shopping with the Online Rewards Debit Card, purchases up to ₹50,000 are insured from damage and theft.
- Get Grab Deals shopping vouchers worth ₹500.
- Earn 2,000 EDGE Rewards on completing the milestone spend of ₹1 lakh in a year with an E-Debit card.
- BOGO offer on movie tickets on BookMyShow using the E-Debit card.
- 25% off on Flipkart and Ajio via Grab Deals. 35% discount on other 50+ brands available on Grab Deals.
When you use the physical Rewards Card, you can take advantage of the accelerated EDGE Points for the following categories–
- 10X for travel bookings
- 5X for electronics
- 3X for online food delivery
- 2X on clothing stores
Liberty Savings Account
Liberty Savings Account is a mid-section account that offers the flexibility to spend or maintain a monthly balance of ₹25,000. With gift vouchers and spend-based milestone benefits, this account is perfect for those who can afford it. Features of the card include –
- 1 Reward Point on every ₹200 spent on domestic and international transactions.
- 15% off on dining across India with partner restaurants.
- Enjoy AMC waiver on the Demat Account for the first year.
- Gift vouchers worth ₹750 on spending ₹60,000 in a quarter.
- Flat 5% cashback on food, entertainment, shopping, or travel on weekends.
- Flat 25% cashback on Ajio and Flipkart via Grab Deals.
Prestige Savings Account
The Prestige Savings Account, as the name suggests, is suited for those who like a touch of luxury. With a high quarterly maintenance balance of ₹75,000, this account offers benefits that match the same. Account holders get an Axis Prestige Cashback Debit Card and a complimentary MyZone Credit Card with attractive offers.
- No charges for the cheque book.
- 25% off on locker rent.
- Quarterly cashback benefits upto ₹1,500.
- 2X accelerated reward points upto ₹2,400 with the Prestige Debit Card.
- Flat 25% cashback on Ajio and Flipkart via Grab Deals.
- Free online NEFT and RTGS transactions.
- Interest rates for this account vary from 3% to 3.5%.
- 35% discount on other 50+ brands available on Grab Deals.
Priority Savings Account
The Priority Savings Account is designed to elevate the banking experience of customers and meet their financial needs at the same time. With exclusive perks like priority banking, preferential pricing, and dedicated relationship managers for the service of customers, this account has excellent perks. With this account, customers get an instant E-Debit card, a Priority Debit card, and other lifestyle benefits. Users also have an option to get the Privilege Credit Card with zero joining fee. The account would require an AMB of ₹2 lakh, while the debit card comes at zero annual charge. Other features of the account include the following –
- A 25% discount on movie tickets on BookMyShow.
- 8 complimentary access to select airport lounges in India (limited to 2 per quarter).
- 1% cashback and discounts on online purchases using an E-Debit card.
- ₹800 off via the Axis Dining Delight Program with EazyDiner.
- Earn 2,000 EDGE Reward Points on spending ₹1,00,000 annually with an E-Debit card.
- Flat 25% cashback on Ajio and Flipkart via Grab Deals.
- Get 20% cashback or 40X reward points via Grab Deals on 50+ brands.
- 50% discount on locker rent.
Burgundy Savings Account
Axis Bank’s Burgundy Savings Account comes with the best perks like financial guidance from experts, lending and credit solutions to help your business grow, daily cash withdrawal limits of up to ₹3 lakh, and purchase limits of ₹ 6 lakh. Users are required to maintain an AMB of ₹10 lakh, while the debit card that comes with the account is free of cost. Burgundy Account holders can also get their hands on a lifetime free Axis Bank Select Credit Card. Let’s not forget about the Axis Magnus Credit Card for Burgundy, which comes with additional perks and benefits. Here is the list of other perks available for account holders–
- Enjoy 96 complimentary movie and event tickets annually through BookMyShow with the BOGO offer.
- Special golf privileges like up to 4 complimentary rounds of green fees and 12 complimentary lessons per year
- Flat 60% off on locker rent
- 32 complimentary airport lounge access.
- Flat 25% cashback on Ajio and Flipkart via Grab Deals
Arise Women’s Savings Account
The Arise Women’s Savings Account aims to empower Indian women both financially and in their overall well-being. Women in India who are over 21 can open this account, which offers flexible balance requirements. Account holders need to either maintain an Average Monthly Balance (AMB) of ₹1 lakh across their savings and current accounts or keep an Average Monthly Balance of ₹50,000 solely in a savings account. The account comes with the Arise Debit card and an option to get a lifetime free Neo Credit Card. Here is a list of other features of the card–
- Expert financial guidance and rewards such as the exclusive rewards worth ₹3,000.
- An Annual Maintenance Charge (AMC) waiver for the first year for a Demat Account (for new customers).
- Free FirstCry Club Membership for one month.
- Enjoy a complimentary Swiggy One membership for effortless food delivery.
- Get a 10% discount on beauty and fashion purchases at Nykaa with a minimum order value of ₹2000.
- Enjoy free rental of small and medium lockers for the first year, then get 50% discount starting from the second year.
- Get a 70% discount on women-focused tests such as Pap Smears, Mammograms, and Cancer Screenings.
- Access to unlimited consultations with general physicians, nutritionists, psychologists, pediatricians, and dermatologists on call.
- Enjoy discounts of up to 10% on prescription pharmacy purchases, along with access to wellness sessions that promote holistic health support.
Bottom Line
Choosing the right savings account depends on your financial needs and lifestyle. Axis Bank offers a diverse range of savings accounts tailored to different financial needs and lifestyles. Whether you’re looking for a zero-balance account with high rewards, a premium banking experience with exclusive perks, or an account that supports financial empowerment, Axis has an option for you. From the feature-rich Amaze and Liberty accounts to the luxurious Burgundy and Priority accounts, each caters to specific spending habits and banking preferences. By selecting the right Axis Bank savings account, you can maximize benefits while ensuring seamless financial management.