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Salary Accounts

Defence Salary Account (Power Salute)

A bank account tailor-made to the needs of the brave soldiers of our country

SMS salary city name to 5676782

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Free Power Salute Debit Card

Annual and joining fee waived for primary/joint account holders

Personal Accident Insurance Cover*

30 Lakhs*


Air Accident Insurance cover*: 1 Crore*

Family Banking Program

Share benefits with up to 3 family members

Unlimited free cash withdrawals

At Axis Bank ATMs and other bank ATMs

Features and Benefits

W.e.f 1st July'17, Interest earned on Savings bank account will be credited on the last business day of each quarter of the financial year. W.e.f 8th Aug'17,*Earn up to 4% p.a. interest on savings account balance of Rs. 50 lacs and above. Earn 3.5% p.a. interest on savings account balance less than Rs.50 lacs
Zero minimum opening deposit and Nil Average monthly balance requirement*
Unlimited, free, payable-at-par chequebooks
Unlimited, free, Demand Drafts/Pay Orders, at Axis Bank locations
SMS – GREEN to 5676782 to register for monthly e-statements
Free, unlimited online NEFT transactions
  • Free Power Salute Debit Card for primary/joint account holder with nil issuance and annual charges
  • Minimum 15%* off at our partner restaurants
  • High daily withdrawal limits of Rs. 40,000 at ATMs and Rs. 1,00,000 for shopping transactions
  • Unlimited free cash withdrawals at Axis Bank ATMs and other bank ATMs
  • Personal Accident Insurance Cover: In the unfortunate event of loss of life in a mishap, the customer's beneficiaries will receive the benefit of accident insurance of Rs. 30 lakh
  • Zero Lost Card Liability: As an Axis Bank Debit Card customer, you will be insured for risk of loss due to fraudulent use of a lost/stolen/missing debit card. All you need to do is communicate the loss of your card by calling our 24-hour customer service number
  • Purchase Protection: All consumer durable goods purchased using the debit card are insured against fire, natural calamity, burglary and housebreaking up to 90 days from the date of purchase. You will be eligible for a combined lost card liability and purchase protection of up to Rs 50,000
  • Air Accident Insurance Cover of Rs. 1 Crore on tickets purchased on Axis Bank Debit Cards
Enrol upto 3 family members and extend select benefits of your account to your family. You can also;
  • Choose a Family Name
  • Select a savings account of your choice for your family members
  • Avail discount on locker services and Demat
  • Earn additional Axis eDGE rewards as a family
Axis eDGE Rewards points for transactions and 500+ rewards and offers to redeem points. Earn points for these transactions:
  • Monthly credit transactions of Rs. 50,000 or more
  • Electronic Clearance System transactions
  • Providing Standing Instructions
  • Opening a Recurring Deposit account of Rs. 2,000 or more
  • Opening an AxisDirect account
  • Maintaining a minimum monthly balance of Rs. 25,000

  •  For options to redeem points, check the Axis eDGE Rewards Catalogue
    Savings Account under Salary scheme is a special account offered to customers with regular direct salary credits coming into this account. In case the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under the said Account stands withdrawn and the account shall be treated as a Normal Savings Account under our standard charge structure and Average Quarterly Balance (AQB) is required to be maintained, and all charges shall be levied and applied as applicable to normal savings accounts. Moreover the Know Your Customer must be complied with as applicable to a Normal Savings Bank account and documents are to be submitted, failing which there would be a credit freeze marked on the said account. The features of Normal Savings Bank Account and charge structure are available on the bank's website – You may please contact your nearest Axis Bank branch for further details.
    *T&C Apply

    Important Notice :
    With effect from 1st December 2017, Defence Salary Account customers holding non upgrade debit cards will be issued Power Salute Platinum Debit Card on RuPay platform upon replacement and renewal requests.

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