Zero Balance Savings Account: Amaze by Axis Bank

AMAZE, a Zero Balance Digital Savings Account is a stress-free banking solution for all your banking needs, with the added benefits of uninterrupted banking transactions. Our Zero Balance Savings Account is designed to help you save more.

Benefit from our 250+ banking services, rewards worth ₹11,000 and high accessibility through our Mobile Banking App, Open and Internet Banking. What's more? Enjoy free domestic transactions, welcome benefits on food, entertainment and travel, free money withdrawals, and much more at just a monthly fee of ₹200.

Open an online Zero Balance Account with Axis Bank now to experience convenience and attractive benefits.

Benefits of AMAZE Zero Balance Savings Account

Zero Balance Account @ ₹200/p.m. or ₹2,200/p.a.

Welcome Benefits and Annual Rewards worth ₹11,000

No Charges on all Domestic Transactions including No Charges on ATM Withdrawals from any Bank's ATM

Free Debit Card, Chequebook & more

2000 Edge Rewards points on spending ₹20,000/month

250+ Banking Services

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Detailed Benefits of AMAZE Zero Balance Savings Account

  • Get 3 months Amazon Prime Membership worth ₹599 on completing first Debit Card transaction using Online Rewards Card within 30 days of account opening. T&C* Apply
  • Get 10 complimentary movie tickets worth Rs. 4000 valid for 5 months on completing first Debit Card transaction using Online Rewards Debit Card within 30 days of account opening. T&C apply
  • Get 3 months Swiggy One membership worth ₹400 and Swiggy dineout voucher worth ₹500 on completing first Debit Card transaction using Online Rewards Card within 30 days of account opening. T&C* Apply
  • Get discounted ride package from Uber worth ₹500 on completing first Debit Card transaction using Online Rewards Card within 30 days of account opening. T&C* Apply
  • Annual Rewards: Get 2000 EDGE REWARD points every month on spends of ₹20,000 via Online Rewards or E Rewards Debit Card & UPI Merchant Payments made via Axis Pay or Mobile Banking App, ‘open’ by Axis Bank. *T&C Apply
  • Insurance Benefits on Physical Online Rewards Card:
    • Personal Accident Cover of ₹5,00,000
    • Air accident cover of ₹1 crore
    • Purchase Protection cover of ₹50,000
    • Loss of Baggage/Delayed Baggage Cover of up to USD 500
    • *T&C Apply

*Terms & Conditions for AMAZE Savings Account

Open AMAZE Zero Balance Savings Account in Four Easy Steps

  • Verify your identity using PAN and Aadhaar

  • Provide your information

  • Fulfill your KYC requirements through a video call

  • Deposit funds into your account

A Zero Balance Digital Savings Account offers numerous advantages, providing financial accessibility and convenience. Embrace the Zero Balance account opening online process which is simple, eliminating the need for tedious paperwork. This type of account is ideal for individuals seeking basic banking services without maintaining a specific balance.

The benefits you get via the zero balance account opening online process are similar to those offered by a regular Savings Account, but without worrying about maintaining a minimum average balance or the penalty for not doing so.

Basic Requirements while opening AMAZE Zero Balance Savings Account

  • A smart phone with a working camera
  • You should allow the bank’s representative access to your camera and location
  • You should do the initial funding through Debit Card/internet banking or UPI
  • You cannot use Credit Card for initial funding
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Eligibility & Documents required for AMAZE Zero Balance Savings Account

To open an AMAZE Savings Account, you have to meet the following conditions:

  • You should be an Indian resident
  • You should have the original PAN and Aadhaar Card
  • Your PAN and Aadhaar should be linked

Balance Requirement and Charges for opening AMAZE Zero Balance Savings Account

Initial Funding₹ 5,000
Average Balance RequirementNIL
Debit Card Joining/Annual FeesNIL
Plan ChargesMonthly - ₹ 200/month (6 months minimum)
Annual - ₹ 2200/year
Debit Card ATM WithdrawalE-Debit Card - NA Online Rewards Card- ₹50,000
Debit Card POS WithdrawalE-Debit Card - ₹1,00,000 Online Rewards Card- ₹5,00,000
Statement Copy FeesNil

AMAZE: Zero Balance Savings Account FAQs

AMAZE, a Zero Balance Savings Account, by Axis Bank is designed specifically for customers who wish to experience stress-free banking with no minimum balance maintenance. It also offers other benefits, such as annual benefits, 250+ banking services, low initial funding, and a quick opening process.

Amaze Savings Account is a zero balance account and hence there is no need to maintain any minimum amount in the account. All you need is an initial funding of Rs 5,000.

Yes, you can open Zero Balance Saving Account as a joint account.

The interest rates as per existing norms and regulations are calculated on the daily balance and the interest is paid out on a quarterly basis.

The interest earned is paid out on a quarterly basis.

You will receive the AMAZE Savings Account statements on a monthly basis

Yes, you will get an instant virtual Debit Card with your AMAZE Savings Account.

No, it does not provide any complimentary Credit Card. You have to apply separately for a Credit Card. The approval is based on your income and credit score.