ASAP Instant Savings Account

1. I hereby state that I have not used the OTP based Aadhaar (e-KYC) verification to open any other bank account in Axis Bank or any other bank.

2. I hereby state that I have no objection in authenticating myself with Aadhaar based authentication system and consent to providing my Aadhaar Number, Biometric and/or (One Time Pin) OTP data (and/or any similar authentication mechanism) for Aadhaar Based authentication for the purposes of availing of the Banking Service from Axis Bank.

3. I understand that the Biometric and/or (One Time Pin) OTP (and/or any similar authentication mechanism) I may provide for authentication shall be used only for authenticating my identity through Aadhaar Authentication system for that specific transaction and for no other purposes. I understand that Axis Bank shall ensure security and confidentiality of my personal identity data provided for the purpose Aadhaar based authentication.

4. I submit my Aadhaar number and voluntarily give my consent to:

• Use my Aadhaar Details to authenticate me from UIDAI.
• Use my Registered Mobile Number in the bank records for sending SMS alerts to me.
• Link the Aadhaar Number to all my existing/new/future accounts and customer profile (CIF)with your Bank.

I understand that my information submitted to the bank herewith shall not be used for any purpose other than mentioned above.

I hereby declare that all the above information voluntarily furnished by me is true, correct and complete.

5. The bank may disclose information about customer's account, if required or permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder/s.

General Terms and Conditions

• Any Resident Indian who is 18 years and above who provides his/her details in the Digital Savings Account application for opening AXIS ASAP account offered by Axis Bank Limited is a Customer
• By logging into and providing his/her details, customer agrees to the terms and conditions of the Bank as listed in https://www.axisbank.com/docs/default-source/default-document-library/savings-accounts-tnc.pdf
• By visiting the Axis ASAP – Apply Now link and sharing all information, customer consents to provide his/her name, contact details and other information on an at will basis with Bank.
• Customer can complete their KYC at any Axis Bank branch using biometric authentication or by providing physical KYC documents.
• Customer authorize Axis Bank to call on the given number to explain the features of the product and marketing
• Bank shall not be liable for any connectivity/ signal/ data issues leading to non-completion or wrong/false/incomplete information being provided by the customer leading to the incompletion of his/her application.
• The customer herewith agrees to provide his/ her valid Aadhaar number and valid PAN Card details. He/she understands that opening an account is subject to correct, complete and accurate information is provided.
• Customer agrees that upon successful OTP validation of Aadhaar, the name of the customer in the account will be the same name as appearing in his/her Aadhaar Card
• Application once submitted cannot be withdrawn by the customer. Bank shall not be liable to pay for any costs (technical/ data plan related or otherwise) incurred by the customer in the course of the downloading or sharing of his/her details on the application.
• The customer herewith agrees to provide the accurate documentation and information as listed in the app for the purpose of account opening. Customer understands and agrees that failure to provide requisite documentation and information shall result in rejection of application by the Bank. The customer agrees that Bank has every right to reject the account opening application, if there is any erroneous, incomplete or misleading information provided by the customer or for any other reason whatsoever with/without assigning any reason or if KYC documents submitted do not comply with the KYC norms of the Bank.
• This account opening process is not available for existing Axis Bank customers who have a relationship with the bank under AXIS ASAP scheme (OTP based Aadhaar account opening)
• This account opening process is also not available for customers who are FATCA reportable. Such customers are requested to approach the branch and to comply with requirement of opening an account.
• Bank reserves the right to take necessary action, legal or otherwise, if it finds any wilful modification/ withholding of information or misrepresentation by the customer.
• Customers, who would like to deposit funds using the funding facility available in the Axis ASAP app, can do so only from their own full kyc bank account and not from a Third Party Bank account. Bank shall be at liberty to refuse to open the accounts funded from a Third Party Bank account at its sole discretion.
• Customer understands and agrees that interest on the amount funded online will be paid subject to activation of the account and only from the date when the funds has been credited into the account.
• The customer shall not enjoy the services provided by the bank unless the customer on-boarding process is complete.
• Customers will have restricted access on this account till KYC is completed
• Customer declares and confirms that the Bank shall be entitled to rely on all/any communication, information and details provided on the electronic form and all such communications, information and details shall be final and legally binding on the Customer.
• Customer understands and confirms that the Bank has every right to close or debit freeze the account, if the details provided by him/her are found to be inaccurate, incorrect or false by the Bank or for any other reason whatsoever without assigning any reason thereof. In such an event, the bank shall not be liable to pay any interest on the amount of deposit & the refund of amount deposited in the account will be refunded to the source account/or issue a Demand Draft to the Customer. In such an event, bank will retain the documents / Photographs (if any) and any other signed document submitted.
• This application is available for opening a savings account by Resident Indian Individuals only.
• Customer gives consent to the Bank to fetch his/her demographic details from Unique Identification Authority of India (UIDAI), using biometric authentication which will be used for KYC purposes. The demographic details include name, DOB, Father’s Name, gender, address and photograph. Customer further consents to the Bank to fetch his/her contact details from UIDAI which includes the contact number and email ID.
• Customer authorises Bank to link the Aadhar number provided by them with the savings account opened by them under this process. Customer herewith understands and agrees that this data will be shared with government department and customer might receive direct transfer of subsidies/benefits, subject to this being the primary account number seeded with Aadhaar.
• The Bank reserves the right to cancel the Customer ID and Account Number (A/C) allotted to the customer, if the customer does not complete the verification process within the allotted time.
• The Bank reserves the right to hold the accounts in Debit Freeze or close the Account even after account activation in case of any discrepancy found as part of regular monitoring and document verification activities.
• The customer agrees to provide the necessary details (Mobile, Email etc.,) as per his/her requirement at the time of submission of details through the app. Bank shall not bear any liability for any loss arising out of customer’s failure to do so.
• The customer herewith agrees to be contacted by the bank to receive information in respect of account maintenance, alerts, payments due, updates on existing and new products, servicing of account for sales, marketing or servicing their relationship with Axis Bank Limited and its group companies / associates or agents through Telephone / Mobile / SMS / Email etc. Further he/she understands that the consent to receive calls / communications shall be valid and shall prevail over their current or any subsequent registration of their mobile number for NDNC and shall continue to be treated as customer consent / acceptance.
• The customer herewith agrees that if the application is rejected, Bank will retain the documents / Photographs and any other signed document submitted by the customer on the Web app or otherwise.
• Customer confirms to have read, understood and will be bound to/ abide by the Terms and Conditions of account opening and the general terms applicable to account as available on Axis Bank’s website
• Customer is requested to submit their KYC documents and Customer should also ensure that his/her signature is duly updated in the Bank's records in order to issue ECS/NACH/Direct debit mandate on ASAP account.
• Customers can update their signature through the Mobile Application or by visiting any of the nearest Axis Bank branch. Accounts with signature enables you to issue NACH/ECS/Direct Debit mandate

The customer herewith confirms that he/she has not used the OTP based Aadhaar (e-KYC) verification to open any other bank account.

AXIS ASAP account opened with UIDAI based OTP, with credit balance of not more than 1 Lakh. The overall cumulative deposit in such an account cannot exceed 2 Lakhs, unless you complete full KYC process is completed

The customer herewith agrees to complete his full KYC by visiting his nearest Axis Bank branch/ by requesting a visit from the bank representative and providing his biometric details within 12 months of opening such account.

The customer agrees that failure to complete full KYC within 12 months will lead to his account being closed by the bank.

The customer agrees that if her/ his balance in the limited KYC account exceeds 1 Lakh in a given day, bank reserves the right to put the account on a total freeze, till such time that customer completes the full KYC process.

In case of account being put under total freeze, the customer agrees that principal amount on such deposits kept along with the interest accrued (if any) will be payable to him only upon completing his full KYC.

The customer will not be eligible to get a Cheque book for this account till the time full KYC is completed & signature gets updated in the account.

The customer agrees that such an account will be subject to regular scrutiny and monitoring from the bank and bank shall reserve the right to completely freeze/debit freeze/ close the account at its sole discretion.

If Customer fails to provide full KYC for any reason, customer understands and agrees that the bank reserves right to close the account post which the bank will issue a Demand Draft and dispatch the same in the customer communication address available in bank records

I hereby declare that the details furnished above are true and correct to the best of my/our knowledge and belief and I undertake to inform you of any changes therein, immediately. In case any of the above information is found to be false or untrue or misleading or misrepresenting, I/We am/are aware that I/we may be held liable for it.

My personal / KYC details may be shared with Central KYC Registry

I hereby consent to receiving information from Central KYC Registry through SMS/Email on the above registered number/email address

Customer will be offered a Virtual Visa Classic Debit Card free of Charge, which will have an e-commerce transaction limit of Rs. 100,000/- per day.

Customer will also receive an ‘Online Rewards’ physical debit card with a issuance and annual fee of Rs 500 + taxes.

The virtual debit card will become inactive once the customer makes any transaction using the physical debit card.

Axis ASAP customers are eligible for

• 1000 eDGE reward points on initial funding of more than Rs 5,000 at the time of account opening
• 2000 eDGE reward points on initial funding of more than Rs 11,000 at the time of account opening
• The eDGE reward points will be credited within 60 days of successful account opening

TERMS & CONDITIONS

• Axis Bank reserves the right to disqualify any Axis ASAP account holder from the benefits of the program. If case of any fraudulent activity, prosecution will be carried according to the purpose of availing the benefits under the program
• Axis Bank reserves the right to modify/change all or any of the terms applicable to the program without assigning any reasons or without any prior intimation whatsoever
• Axis Bank also reserves the right to discontinue the program without assigning any reasons or without any prior intimation whatsoever
• By participating in this Offer, the AXIS ASAP account holder shall be deemed to have read, understood, accepted and agreed to be bound by these Terms & Conditions.
• In all matters or disputes relating to the Offer, the decision of Axis Bank shall be final and binding
• All information is provided on "as is" basis without warranty of any kind. Axis Bank makes no representation and disclaims all express, implied warranties of any kind to the AXIS ASAP account holder and/or any third party including, without limitation, warranties as to accuracy, timeliness, completeness, merchantability, or fitness for any particular purpose.
• These Terms and Conditions and an arrangement herein shall be subject to applicable RBI guidelines issued from time to time and prevailing law and regulations.
• Axis Bank will not be responsible or liable in case the offer is not configured or could not be availed due to malfunction, delay, traffic congestion on any telephone network or line, computer on-line system, servers or providers, computer equipment, software, or website.
• In case of all matters relating to the offer including any dispute or discrepancy relating to the offer or eligibility of any Account holder, Axis Bank’s decision shall be final and binding on Account holders in all respects.
• The terms and conditions governing the offer shall be in addition to and not in substitution / derogation to the Primary Terms and Conditions governing the Axis ASAP Account and Axis ASAP Debit Card issued by Axis Bank.
• The offer by Axis Bank is subject to applicable laws and regulatory guidelines/ regulations and as per bank's extant guidelines from time to time
• Axis Bank shall not be liable in any manner whatsoever for any loss/ damage/ claim that may arise out of use or otherwise of any goods/ services availed of by the Card Holder/s under the offer.
• All taxes, duties, levies or other statutory dues and charges payable in connection with the benefits accruing under the offer shall be borne solely by the account holder and Axis Bank will not be liable in any manner whatsoever for any such taxes, duties, levies or other statutory dues.
• The offer is not available wherever prohibited and products/ services for which such programs cannot be offered for any reason whatsoever.
• Edge Reward points credit to the successful Customer will be governed by the “Edge Reward terms & conditions”.

Axis eDGE rewards general T&C

• The program is non-negotiable and the reward points earned cannot be en-cashed.
• Incomplete / rejected / invalid / returned /disputed or unauthorized/fraudulent transactions will not be considered for points credit.
• Axis Bank will not be responsible or liable in case the transactions could not be completed due to malfunction, delay, traffic congestion on any telephone network or line, computer on-line system, servers or providers, computer equipment, software, or website.
• In case of all matters relating to the program including any dispute or discrepancy relating to the earn rules or eligibility of any customer, Axis Bank’s decision shall be final and binding on accountholder in all respects.
• Any person taking the advantage of this program shall be deemed to have read, understood and accepted these terms and conditions.
• Any dispute relating to the program or the terms and conditions shall be subject to the jurisdiction of the courts in Mumbai only.
• The above T&C’s are in addition to the Axis eDGE Rewards program T&C’s mentioned herein - https://edgerewards.axisbank.com/terms-conditions