Sampann Savings Account

If you want to open a Sampann Savings Account, you need to be –

• A resident of India
• A Hindu Undivided Family

Or you can also open a joint Sampann Savings Account with two applicants. The documents needed for both the applicants for a joint account are:

• Proof of address
• Proof of identity
• If proof of the relation between both applicants is provided, then the address proof of only the primary account holder will suffice

The documents for an individual Sampann Savings Account:

• A latest passport size photograph
• Proof of identity and proof of address
• Separate proof of address if the mailing and permanent addresses are different

Documents for Sampann Savings Account (HUF)

• A declaration from the Karta
• A copy of the PAN card or Form 60 of the HUF
• The Karta’s proof of identity and address
• A joint letter from all the HUF adult account holders

A Sampann Savings Account offers a variety of benefits such as:

• Annual card benefits
• Complimentary services
• Daily banking services
• Reward points with a Sampann Debit Card

To check your Sampann Savings Account balance without using the internet, you can simply give a missed call on 1800 419 5959 to know your account balance.

A Sampann Savings Account can be opened by anyone who is looking for a safe option to park their funds to, an option for easy bill payments and smooth online transactions, and would like to benefit from the many advantages offered by a Sampann Savings Account.

To be able to open a Sampann Savings Account, you have to meet the eligibility criteria and can open the account either as a resident of India or a Hindu Undivided Family (HUF). You can also choose to open a Sampann Savings Account on a joint basis.

In Axis Sampann Savings Account, the interest is compounded quarterly instead of monthly. The interest on a Sampann Savings account is calculated each day and is paid out quarterly on the first day of each quarter. Only for the fourth quarter the interest pay-out will be made on the last day of the quarter.

The interest on your Sampann Savings account is calculated each day and is paid out quarterly on the first day of each quarter. Only for the fourth quarter the interest pay-out will be made on the last day of the quarter.

An Average Monthly Balance (AMB) is the end of the day balance for the entire month divided by the number of days. However, the interest pay-out in Sampann Savings account is made on quarterly basis.

An Average Monthly Balance (AMB) of ₹ 75,000 needs to be maintained in your Sampann Savings Account across semi-urban and rural locations.

Having a Sampann Savings Account can help you make your bill payments easily and enable you to make unlimited cash withdrawals at any Axis Bank or non-Axis Bank ATM with a Sampann Account Debit Card.

You can also avail attractive Sampann Savings Account interest rates, complimentary banking services such as no AMC (annual maintenance charges) on the Demat account for the 1st year, a complimentary lifetime free MyZone credit card – which comes with its own set of offers, annual benefits worth Rs. 25,000 and a personal accident death cover and much more!

You can deposit money into your Sampann Savings Account at the time of opening your account. Visit any Axis Bank branch and fill out a deposit slip to submit the funds. Or you can also visit an ATM to deposit cash into your savings account.

The interest rate on your Sampann Savings Account will be calculated daily and will be credited to the account on the first day of the upcoming quarter. The only exception is the fourth quarter, where the interest amount will be paid on the last day of the quarter. As of now, Sampann Savings Account interest rates are between 3 and 3.5%, depending on the account balance in the savings account.

You will receive your Sampann Savings Account statement every month on your registered email ID (the email ID used to open the account). To get the bank statements from the last 6 months, give a missed call on 1800-419-6969 (English) or 1800-419-6868 (Hindi) from the mobile number registered with your Axis Bank account.

Here is the simple verification process to open a Sampann Savings Account:

• Mention your PAN card and Aadhaar card details on the form
• Next, fill in your personal details and your phone number on the form
• Update your Sampann Savings Account with the minimum funds required
• Our authorised KYC - Know Your Customer agent will complete the verification

You can make unlimited free withdrawals from your Sampann Savings Account with your Axis Bank debit card at any Axis Bank or non-Axis Bank ATM. Or you can also carry out digital transactions and make payments through internet banking once you log in to your online Axis Bank account.