ASAP Instant Savings Account

Axis ASAP is a new age digital savings account offered by Axis Bank. You can open an Axis ASAP account by downloading the Axis Mobile App or by visiting www.axisbank.com/asap & registering your Aadhaar, PAN & other basic details.

Axis ASAP is a fully loaded Digital Savings Account. Below are the features of Axis ASAP account.
Get your Bank Account Number Instantly - You can open your Axis ASAP account within a few minutes & you receive your account number immediately.
Auto FD - Your Axis ASAP account gives you higher interest rates on balances above Rs 10,000 through its Auto FD feature.
Free Funds Transfer - Transfer funds online for free using NEFT or IMPS
Online Rewards debit card
BookMyShow Offer - Rs 150/- off on your first transaction .Get 10% off every month
BigBasket - Get 20% off
Visit www.axisbank.com/asap to know more

You can open an Axis ASAP Savings Account instantly as long as

• You are an Indian citizen
• Have a valid PAN and Aadhaar number
• Have a valid mobile number linked to your Aadhaar
• You are above 18 years of age

You need to have the following details to open an Axis ASAP Account:

• Valid Aadhaar Card & PAN Card
• Valid mobile number linked to Aadhaar Card
• Your name on the Aadhaar Card & PAN Card should match.

Make sure these requirements are met. If you are still facing issues, please contact us on the Call Centre Numbers or send us an email by visiting axisbank.com/support.

You will receive a Welcome Email & SMS . In addition, you will receive a welcome letter for your physical debit card.

A cheque book can be issued for your Axis ASAP account only after you have completed your KYC. Visit www.axisbank.com/support to know the process to apply for a chequebook.

A charge of Rs.50/- is applicable for a cheque book of 20 leaves. Please note: You will be able to request for a Cheque Book only after you have completed your KYC at any Axis Bank branch.

For balances up to Rs. 10000, you will earn the prevailing Savings Account interest rate. For balances above Rs. 10,500, a Flexi Fixed Deposit (FFD) will get automatically created in multiples of Rs. 500 and the rate applicable would be of the prevailing 1 year Fixed Deposit Rate. Visit www.axisbank.com to see the prevailing FD rates.

In case of premature withdrawal of FFD, the interest will get credited to your account instantly. On maturity, the principal and interest would get re-invested automatically into another 1 year FFD.

Flexi Fixed Deposit feature is enabled on your Axis ASAP Account by default. You need not submit a separate request for it.

Illustration: If the balance in your account is Rs. 11400, you will earn the prevailing savings account interest of 3.5 % on balance of Rs. 10,400 and Rs. 1,000 will be automatically transferred to a flexi deposit for 1 year where you earn the prevailing 1 year FD rate.

KYC means 'Know Your Customer'. It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks' services are not misused.

The charges for ATM transactions are as below:

• Axis Bank ATM: First 5 transactions (Financial + Non-Financial) free
• Non-Axis Bank ATM:
  • Metro Locations (Mumbai, Delhi-NCR, Chennai, Kolkata, Bangalore and Hyderabad) – First 3 transactions (Financial + Non-Financial) free
  • Locations other than the above - First 5 transactions (Financial + Non-Financial) free

Your Axis ASAP account gives you an option of setting a goal. The goal could be any of your short term financial dreams. ASAP goals is available only on Axis Mobile.

You can only create a goal on Axis Mobile. Steps as below. Login to Axis Mobile App >> Click on ASAP goals tile on the homepage >> Click on set goals >> Choose from the goals mentioned in carousal >> Choose goal amount >> Choose target date (more than 3 months & less than 3 years from current date) >> Click on start tracking

Currently, you can only create a single goal.

You can change your goal using the edit goal feature on ASAP goals. You can edit your goal type, goal date & goal amount.

Your goal duration has to be more than 3 months & less than 3 years.

Your Axis ASAP account is a zero balance account. However, if you wish to earn higher rate of interest, you need to maintain balance of more than Rs 10k.

To open an ASAP account, you need to share your Aadhaar & PAN details. Incase you do not wish to share your Aadhaar details, you can visit your nearest Axis Bank and open a savings account from our range of products.

Direct Benefit Transfer or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This program aims to transfer subsidies directly to the people through their bank accounts.

You can change your goal using the edit goal feature on ASAP goals. You can edit your goal type, goal date & goal amount.

There is no charge or penalty for not achieving your savings goal or missing a payment for your goal.

On balances below Rs 10,000 you earn normal savings account interest rates. When your account balance crosses Rs 10,000, you get the prevailing 1 one year FD rate on the balance above Rs 10,000. To know more visit https://www.axisbank.com/accounts/savings-account/axis-asap/terms_conditions.html

For balances up to Rs. 10000, you will earn the prevailing Savings Account interest rate. For balances above Rs. 10000, a Flexi Fixed Deposit (FFD) will get automatically created in multiples of Rs. 500 and the rate applicable would be of the prevailing 1 year Fixed Deposit Rate. If the balance in your account is Rs. 11400, you will earn the prevailing savings account interest of 3.5 % on balance of Rs. 10,400 and Rs. 1,000 will be automatically transferred to a flexi deposit for 1 year where you earn the prevailing 1 year FD rate. Flexi Fixed Deposits offer certain benefits over normal fixed deposits, primarily due to the flexibility and liquidity they offer. In a normal fixed deposit, individuals generally deposit a certain sum of money for a particular period of time, with this amount earning fixed interest. Withdrawing this amount before maturity is generally not permitted, which can be a problem in emergencies. Flexi Fixed Deposits overcome this problem by allowing account holders to withdraw / access money any time anywhere .

You can complete your KYC at any Axis Bank branch. There are two ways of completing your KYC.

• 1. Complete your KYC via Biometric Authentication

or

• 2. Present your PAN card along with any one of the below documents
  Valid Drivers license
  Valid passport
  Election card/Voter’s ID card
  National Population Register letter confirming name, address
  Job card issued by NREGA
  Aadhaar card issued by the government of India

Incase you have not completed your KYC at an Axis Bank Branch, your ASAP account will be valid only for one year. Post completing your KYC, all restrictions from your account are lifted.

Account Balance Limit of 1 lac (restriction) is lifted Account credit limit of 2 lacs (restriction) is lifted Request Cheque Book Funding through cheque Funding through Cash Deposit

Incase you have a virtual debit card you can initiate online transactions line shopping, travel, recharge, transferring funds etc from your Axis ASAP Account. If you have a physical debit card, you can initiate all online transactions mentioned above & use your debit card at ATMs to withdraw money or swipe it at any merchant outlets.

You can complete your KYC at any Axis Bank branch. There are two ways of completing your KYC.

• 1. Complete your KYC via Biometric Authentication

or

• 2. Present your PAN card along with any one of the below documents
  Valid Drivers license
  Valid passport
  Election card/Voter’s ID card
  Job card issued by NREGA
  E-Aadhaar letter downloaded from UIDAI site/Aadhaar card issued by the government of India

You receive a complimentary Virtual Debit Card when you open an Axis ASAP account. However, you can choose to opt for a physical Debit Card which comes at an issuance cost of Rs.300/- plus taxes & Annual Renewal Fee of Rs. 500/- plus taxes. You can apply for a physical debit card through the following channels
Axis Mobile App
Axis Bank Internet Banking
Any Axis Bank branch
Axis Bank call centres

Note - Physical Debit card will be issued to all customers who have opened their accounts post 28th February, 2019

You can use your Online / Virtual Debit Card only for online transactions like shopping, travel, recharge, transferring funds etc. However, an Online Debit Card cannot be used at Retail outlets where you swipe your physical Debit Card.
You can use the physical Debit Card to withdraw cash at any ATM.

The online rewards physical debit card comes with a host of benefits like
1. Earn 3x eDGE reward points on online transcations
2. Earn 2500 eDGE reward points on first transactions
3. 10% discount on BookMyShow
4. 15% off at partner restaurants
To know more, visit https://www.axisbank.com/retail/cards/debit-cards/online-rewards-debit-card

As an Axis ASAP Account holder, you can opt for a physical 'Online Rewards Debit Card' which has a discounted issuance fee of Rs.300/- plus taxes and an annual renewal fee of Rs.500/- plus taxes. To know more, please visit https://www.axisbank.com/retail/cards/debit-cards/online-rewards-debit-card/fees-and-charges#menuTab

The physical Debit Card is delivered to your Aadhaar address in 7 working days. If you have not received it please call us on our Call Centre numbers for resolution.

You can generate the Debit Card PIN for your Physical Debit Card using the below options: a. Internet Banking: Select the Debit Card through My Debit Cards under Accounts option >> Click on Set Debit Card PIN from drop down under More Services & enter New PIN & Expiry Date >> Enter NetSecure code received through SMS b. Axis Mobile app: Click on Debit Cards through Services under Banking option from the Menu >> Click on Set / Reset PIN & Select your Debit Card >> Enter New PIN & Enter MPIN to process your request c. Phone: Call Call Centre number >> Select Debit Card PIN Generation >> Validate Debit Card Number, Expiry Date, and Account Number >> Select PIN Generation >> Enter Activation Code >> Set Debit Card PIN Please Note: Activation code is sent on your email ID / Mobile phone during this process and is valid for 30 minutes d. ATM: Insert Debit Card at ATM >> Select PIN Change Option >> Enter Mobile No. >> Enter Pass Code >> Enter New PIN

Incase you have not completed your KYC, you can visit any Axis bank branch to complete your KYC. Your new address can be updated once you provide a valid new address proof.

If you have opted for a Physical Debit Card for your Axis ASAP Account, your virtual Debit Card will blocked on first usage of your Physical Debit Card.

Axis ASAP account comes with a complimentary ‘Virtual Debit Card’
It does not have any plastic existence.
The virtual debit card can be used to register for Axis Mobile App

You receive a virtual debit card immediately after opening an Axis ASAP account.

In case you have not written down your Virtual Card details, please follow the below steps:
b. Axis Mobile App: Login >> Accounts >> Click on Your ASAP Account No. >> View Debit Card Details

You can generate your Online Debit Card PIN using the below options: a. Call : Call us on the Call Center numbers
b. Internet Banking: Select the Debit Card through My Debit Cards under Accounts option >> Click on Set Debit Card PIN from drop down under More Services & enter New PIN & Expiry Date >> Enter NetSecure code received through SMS
c. Axis Mobile app: Click on Debit Cards through Services under Banking option from the Menu >> Click on Set / Reset PIN & Select your Debit Card >> Enter New PIN & Enter MPIN to process your request

The Online Debit Card will have an e-commerce transaction limit of Rs.1,00,000/- per day.

You do not earn reward points on using your Virtual / Online Debit Card linked to your Axis ASAP Account. However, you do earn points for transactions done through your Online Rewards Debit Card (Physical Debit Card)

Your Online / Virtual Debit Card is valid until the expiry date mentioned on it. However, If you opt for a Physical Debit Card for your Axis ASAP Account, your Online Debit Card will blocked on receipt and first usage of your Physical Debit Card.
Please Note: If you block a Virtual Debit Card it cannot be replaced. However, a physical Debit Card can be issued to you if you wish to opt for a Debit Card later.

You can register for Internet Banking by directly logging in using your ASAP savings account 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 register for Axis Mobile using the registered mobile number. You will need to authenticate yourself using ASAP savings account 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 Axis ASAP account, please refresh your accounts by visiting Manage > App settings > Refresh Accounts in your Axis Mobile app.

To know the detailed list of fees & charges on your Axis ASAP Account, please click https://www.axisbank.com/accounts/savings-account/axis-asap/fee_charges.html

A charge of Rs.50/- per cheque book of 20 leaves is applicable. Chequebook faclity is only available once you complete your KYC.

Visit www.axisbank.com/offers to see the list of offers along with their expiry dates.

Visit www.axisbank.com/offers to see how you can avail offers.

In this case you can call us on the Call Centre numbers or write to us from the Email tab by visiting www.axisbank.com/support or visit the nearest Axis Bank Branch.

It is always good to have a nominee for your account. In case of an unforeseen circumstances the funds can be transferred to the nominee without hassle.

At this time, this account is only available for single account holders.

Yes, you can visit the nearest loan center to link your Axis ASAP Account with your Axis Loan Account.

Post KYC completion, you are eligible to apply for other Axis Bank products.

If you have moved to a new location, you would need to update your new address on your Aadhaar. You can either do it online on UIDAI website, or send a request by post or visit your nearest Aadhaar enrolment centre. Once the address is updated you can open an Axis ASAP Account with the correct details. For details, click https://uidai.gov.in/

You need to visit any Axis Bank branch and submit a written application for the closure of your Axis ASAP account.

You need to complete your KYC to be eligible for a cheque book. You can visit your Axis Bank branch to complete your KYC. Post completion of KYC, you can place a request to get your signature updated in Bank's records.

Consolidated charges are a charges that have been accrued to your account. These charges are levied once a month if they are applicable to your account. List of charges are mentioned in the link below.
https://application.axisbank.co.in/webforms/axis-support/sub-issues/NRIServices-chequebookqueriesnriservices.aspx

ASAP customers who have completed their KYC can update their signature on Axis Mobile using the following steps.

• Click on services & support
• Click on Insta Services
• Under accounts, choose option 'Update ASAP signature'
• Sign on a blan piece of paper & upload
• Choose PAN card as signature proof

ASAP customers who have completed their KYC can update their signature on Axis Mobile.

ASAP customers need to update their signatures to be eligible to apply for a chequebook.