Zero Balance Savings Account: Amaze by Axis Bank

Amaze Savings Account is a zero balance account and hence there is no need to maintain any minimum amount in the account. All you need is an initial funding of Rs 10,000.

Yes, you can open Zero Balance Saving Account as a joint account.

The interest rates as per existing norms and regulations are calculated on the daily balance and the interest is paid out on a quarterly basis.

The interest earned is paid out on a quarterly basis.

You will receive the AMAZE Savings Account statements on a monthly basis

Yes, you will get an instant virtual Debit Card with your AMAZE Savings Account.

No, it does not provide any complimentary Credit Card. You have to apply separately for a Credit Card. The approval is based on your income and credit score.

Unlike a regular account, in a Zero Balance Savings Account, you do not have to maintain a minimum balance to enjoy continuous services. Besides, this type of account requires low initial funding.

A Zero Balance Savings Account takes away the burden of maintaining a minimum balance, allowing you to manage your finances effectively. Moreover, you also get other benefits like accessibility to digital banking, account opening with a low initial deposit, rewards and annual benefits, and no fees or penalties for non-maintenance of minimum balance.

You can withdraw the initial funding of ₹10,000 once your Amaze Zero Balance Savings Account is activated.