Axis ASAP FAQs

Axis ASAP is a Digital Savings Account that you can open anytime and anywhere by simply using your Aadhaar and PAN details. With just 3 quick-click steps, it’s the fastest way to open a bank account!!

Your ASAP account doesn’t ask for physical documents, nor a minimum balance.

All it promises is a convenient, stress free banking experience.

You also get transactional convenience through a UPI facility and a Complimentary Virtual Debit Card with a ton of value added benefits through deals and rewards and more.

Your Axis ASAP account comes loaded with features that have been included to make banking hassle-free ae andnd delightful for you.

  • Enjoy a no-strings-attached Zero Balance Account
  • Get a free virtual Debit Card and tons of online shopping offers
  • Higher Interest Rates through auto-sweep Fixed Deposits above INR 10,000
  • Get account statements, fund transfers and bill payments free of charge
  • Recharge the mobiles of any of your contacts through the Axis Mobile app
  • Shop or redeem your Axis eDGE Reward points
  • Book your flights, bus tickets or hotels conveniently
  • Book an FD/RD anytime and anywhere

You can apply for an Axis ASAP account, as long as you have a PAN Card, Aadhaar Card and a mobile number linked with your Aadhar number.

You also need be need to more than 18 years of age, and a resident of India with an Indian address as proof.

The maximum amount you can keep in this account at any given point of time is Rs.1 Lakh.

You can credit a maximum of Rs.2 Lakhs in this account and post which you will need to convert to Full KYC account. The validity of this account will be 1 year, within which you will need to convert this account to a Full KYC Account. Converting to a Full KYC account will also remove the transaction limits from your account.

You can visit the nearest Axis Bank Branch to switch your account.

Our customer executive will authenticate your Aadhaar details using a biometric device.

We’ll need just a couple more details from you and your final consent to update your details through Aadhaar authentication and your account will be upgraded to a full KYC account ASAP!

Axis ASAP brings you a complimentary ‘Virtual Debit Card’ for all your shopping needs online.

It’s a digital card that provides easy, secure online transactions.

It does not have any plastic existence. The card ensures that all your important details viz. the card number, the 'VALID FROM' date, the expiry date and the CVV number are all visible online.

The Virtual Debit Card can be easily activated on setting a PIN once you open your ASAP Account.

You can on-board to Axis Mobile using the registered mobile number. You will need to authenticate yourself using ASAP savings account virtual debit card details before initiating any financial transactions. If you are an existing Axis Bank customer, you will be able to view your ASAP account details one day after account opening date. In case you are unable to view ASAP account, please refresh your accounts by visiting Manage > APP settings > Refresh Accounts in your Axis Mobile app.

You can register on Internet Banking by directly logging in using your ASAP savings account virtual debit card details. If you wish to login using your Customer ID, you may do so one day after account opening date by registering as 'First time user' on Internet Banking login page.

You can deposit money into your Axis ASAP account via a payment gateway using your Debit Card or Net Banking or through a simple funds transfer from any other account through NEFT or IMPS

At this time this account is only available for Single Account Holders.

Axis eDGE Loyalty Rewards is a program designed to add a rewarding and delightful experience to your relationship with us at Axis Bank. eDGE Loyalty Rewards has been carefully crafted to ensure that you get a host of wonderful earning and redemption experiences.

As per RBI mandate, this is a mandatory declaration required to open a residents savings account. What is FATCA?

Foreign Account Tax Compliance Act (FATCA) is a United States (US) Federal Law that requires non-US financial institutions to report to the Internal Revenue Service (IRS) of U.S. certain information about financial accounts held by U.S taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest. The Government of India has signed the Inter-Governmental Agreement with Internal Revenue Service (IRS) of the United States on July 9, 2015 to implement FATCA in India.


What is the purpose of FATCA?

The purpose of FATCA is to counter tax evasion by US taxpayers by requiring non-US financial institutions to report information on their US accountholders to the IRS.

You can create UPI ID while opening ASAP account or via Axis Mobile / Axis Pay app. If you are an existing Axis Bank customer, you will be able to create your UPI ID one day after account opening date.

You can update your address by visiting the nearest aadhaar center before opening an ASAP savings account. Or you can open your account with your existing aadhaar address and get your communication address updated by visiting your nearest branch after opening your ASAP account.