Easy Access Savings Account

• Avoid shared electronic devices

It is advisable to not log into your easy access savings account from anywhere except for your personal devices. And when using a public computer to make digital transactions, always log out of your account without fail and avoid saving the password on the page.

• Don’t fall for fake messages

If you get messages, calls or emails from anyone other than the authorised officials from your bank, it is best to avoid these communications. Genuine bank officials will never ask you for sensitive personal and financial information such as your debit card number, account number, username or passwords through any form of communication.

Starting 01 April 2022, the minimum balance in your Axis Bank Savings Account should be Rs 12,000 for Metro / Urban locations, Rs 6,000 for Semi-Urban locations and Rs 2,500 for Rural locations.

Currently, we do not allow opening Easy Access Savings Account from Metro or Urban locations. However, if your branch is in a Semi-Urban or Rural location, you can visit the branch to open account.
Alternately, you can check the Easy Access Digital Savings Account and open a digital account from any location, without any assistance.

While there is an initial deposit requirement and a monthly average balance limit on your Axis Bank savings account, there is no upper limit on how much you can deposit to your account.

The interest rates as per the existing norms and regulations are calculated on the daily account balance, and the cumulative interest earned on balance is paid out to the easy access savings account on a quarterly basis. For latest interest rates, please click here.

The interest on an easy access savings account is earned on the daily account balance and is paid out on a quarterly basis.

The Average Monthly Balance of an easy access savings account is calculated by taking the daily closing balance in the account for a given month. The average is then divided by the total number of days in the month. The formula for the same is: Average Monthly Balance = (Sum of all daily closing balances) / (No. of days in a month)

The Easy Access Savings Account requires you to maintain a monthly average balance of Rs 12,000 for Metro / Urban locations, Rs 6,000 for Semi-Urban locations and Rs 2,500 for Rural locations.

With an easy access savings account, you can easily make your payments for your utility bills online, access your funds from anywhere and at any time and enjoy a number of value-added benefits, services and discounts on your online purchases. An easy access savings account saves you from the hassle of handling cash payments.

To deposit money into your easy access savings account, you can fill in the deposit slip with details like your name, account number, date, and amount of money to be deposited and submit it to your bank. Once account is opened you can credit your account via Online mode of payments as well.

You can receive your easy access savings account statement on a monthly basis. You can choose to receive the e-statement of your account or opt for the physical statements.

In a few easy steps, you can complete the video KYC (Know Your Customer) verification of your Axis Bank Easy Access Savings Account:

• You will need your PAN card and Aadhar card for verification.
• Fill in your personal details on the online form.
• Update your account with initial funding of ₹ 16,000 (Only digitally opened accounts).
• Get your KYC verified on a video call from our officials.

You can easily withdraw funds from your easy access savings account by using your debit card linked to the bank account at an ATM (Automated Teller Machine) or through internet banking while making online payments.