Axis Bank Savings Account Review – Forbes Advisor INDIA – Forbes

The following kinds of accounts allow the consumer access to a proper physical debit card unlike in the case of instant accounts where only virtual debit cards are provided.

1. Government Scholarship Savings Account

This account is to facilitate students getting government grants and scholarships.

Features

  • Rupay Platinum debit card with daily ATM withdrawal limit of INR 40,000.
  • Unlimited cash deposit and 4 free withdrawals per month free of charge.
  • Zero balance account.

2. Easy Access Savings Account

This account is to facilitate savings as the name suggests in general.

Features:

  • Secure Plus debit card available with ATM withdrawal limit of INR 50,000.
  • One cheque book free per year.
  • First four transactions or two lakh, whichever is earlier.
  • Minimum 15% off at all our partner restaurants.

3. Liberty Savings Account

This account gives the flexibility to either maintain a monthly average balance of INR 25000 or spend INR 25000 in a month (in both the cases the account will remain active).

Features:

  • 5% cashback on Liberty Debit Card.
  • Shopping limit of INR 3 lakh and ATM withdrawal limit of INR 50,000 a day.
  • Gift voucher worth INR 750 on quarterly spends of INR 60,000.
  • Unlimited free ATM transactions at any bank’s ATM.

4. Prestige Savings Account

This account comes with a cashback debit card, providing cashback for fuel, shopping and travel.

Features

  • Prestige Cashback Debit Card daily ATM withdrawal limit of INR 1,00,000.
  • Unlimited cheque books and DD, PoS free.
  • Unlimited branch transactions per month.
  • Cashback of 1% on fuel, 2% on shopping, 3% on travel.
  • No debit card issuance fee.

5. Senior Privilege Savings Account

This account is for senior citizens providing them with higher FD rates, up to 15% discount on medicines and other purchases at Apollo Pharmacies.

Features

  • Visa Platinum debit card daily ATM withdrawal limit of INR 40,000.
  • First four transactions or INR 2 lakh whichever is earlier.
  • Discounts at health care services.

6. Future Stars Savings Account

This account is for children and provides an accident insurance cover of INR 2 lakh for the account holder and a Visa Platinum debit card. If the account holder is over 10 years of age, parents can get an image of their choice printed on the card.

Features

  • Visa Platinum debit card with a daily ATM withdrawal limit of INR 1,500 and daily shopping limit of INR 1,000.
  • One free cheque book per year.
  • First four transactions or INR 2 lakh, whichever is earlier.
  • One Image debit card.
  • Free ATM card for children under 10 years of age.

Pension Savings Account

This account is for pensioners, and with the ATM withdrawal limit of INR 40,000, it also provides a Personal Accident Insurance cover of INR 2 lakh.

Features

  • Visa Classic debit card with a daily ATM withdrawal limit of INR 40,000.
  • Unlimited cheque city cheque books.
  • No charges on DD, PO issuance.
  • Unlimited Cash transactions without any charge.

7. Insurance Agent Account

This account is for insurance agents, and provides low minimum balance requirements and higher withdrawal limit, personal accidental insurance cover of INR 2,00,000 and reward points for transactions.

Features

  • Visa Classic Debit card with daily ATM withdrawal limit of INR 40,000
  • One free cheque book in a year
  • First four transactions or two lakh, whichever is earlier
  • Higher fixed deposit rates
  • 15% discount at over 4,000 restaurants

8. Basic Savings Account

This account is for basic savings and a zero minimum balance account, free cash deposits.

Features

  • RuPay debit card with a daily ATM withdrawal limit of INR 40,000.
  • Unlimited cash deposit and 4 free withdrawals per month free of cost.

9. Small Basic Savings Account

This account is for small and basic savings and is a zero minimum balance account and provides personal accident insurance cover of one lakh.

Features

  • RuPay Debit card with daily ATM withdrawal limit of INR 40,000.
  • Free cash deposits.
  • Only four cash withdrawals allowed up to INR 10,000 per month free of charge.

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