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into the account for more than 3 consecutive months, the special features offered under the said Account stands withdrawn and the account shall be treated as a Normal Savings Account under our standard charge structure and Average Monthly Balance (AMB) is required to be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 – www.axisbank.com. You may please contact your nearest Axis Bank branch for further details.
***These are standard limits. Special limits are applicable for Our Premium Corporates/Institutions. Please get in touch with your Axis Bank Corporate Relationship Manager or nearest Branch for more details.
# Changed proposition with effect from 10th February 2017:
1. To be eligible for 1% cashback on Debit card spends a customer will need to spend a minimum amount of Rs. 15,000 in a month, on the debit card. Cashback will be capped at Rs. 750 per month.
2. To be eligible for the 25% cashback on movies, the customer will need to spend a minimum amount of Rs. 750 per month for purchase of movie tickets using the debit card. CashBack will be capped at Rs. 1,000 per year.
For details click here