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Savings Account

Pradhan Mantri Jan-Dhan Yojana (PMJDY)

Be assured of affordable access to banking, deposit, remittance, credit, insurance and pension services

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Debit Card

Free Rupay Debit Card

Zero Balance Account

No minimum balance requirement

Insurance Covers

Free life insurance cover of Rs. 30,000 Free accidental insurance cover of Rs. 1 lakh

Overdraft Facility

After 6 months of satisfactorily handling the account

Features and Benefits

Affordable banking/savings and deposit accounts, remittance, credit, insurance and pension services in rural and urban areas; to ensure financial inclusion and give maximum people the access to services within a distance of 5 kilometres.
Bank Mitra is an individual or an organisation, representative of a bank and authorised to offer basic banking services in rural and urban areas where there are no bank branches or ATMs.
Services offered by Bank Mitra:
  • Awareness about products, debt counseling, education and advice on managing money
  • Reach out and assist potential customers
  • Collection and preliminary processing of various forms for deposits
  • Verification of primary information/data
  • Filling applications/account opening forms
  • Collection and payment of small value deposits and withdrawals
  • Receipt and delivery of small value remittances/other payment instructions
  • Furnishing of mini account statements and other account information
  • Any other service on behalf of the bank, authorised by the appropriate authority

List of Bank Mitras for Axis Bank: Bank Mitras for Axis Bank

Interest applicable to savings bank accounts is also applicable to accounts under PMJDY

Basic Savings Bank Deposit Account facilities offered at no extra cost:
  • No minimum balance requirement
  • Deposit and withdrawal of cask at bank branch as well as ATMs
  • Receipt/Credit of money through electronic payment channels or by means of collection/deposit of cheques
  • 4 withdrawals a month (including ATM withdrawals) and unlimited deposits
  • ATM or ATM-cum-Debit card
Under PMJDY, in case of no officially valid documents available, you can open a Small Account using self-attested photograph and signature or thumb print put in the presence of an official of the bank.
Small Account limits:
  • Aggregate credits – not more than Rs. 1 lakh in a year
  • Aggregate withdrawals – not more than Rs. 10,000 in a month
  • Account balance – Not more than Rs. 50,000 at any point of time
Small Account will be valid for 12 months, post which it will be allowed to continue for 12 more months, if you provide a document ascertaining that you have applied for any of the officially valid documents within 12 months of opening your account.
Account under PMJDY is a zero balance account, with chequebook available in case the minimum balance requirement of the bank is fulfilled.
Overdraft facility of upto Rs. 5,000, available to only 1 account holder per household, preferably the lady; if account is satisfactorily maintained for 6 months. Aadhaar number or declaration from the beneficiary required to avail of this facility.
RuPay Debit Card is an indigenous debit card introduced by the National Payment Corporations of India (NPCI). It is accepted at all ATMs (for cash withdrawal) and at most of the Point of Sale machines (for making cashless payments for purchases) in the country.
RuPay Debit Card can be issued for an existing account, if no new account is created under PMJDY. Credit facilities will be available to this account if it is being operated satisfactorily.
RuPay Debit Card can also be issued for customers who cannot read and write, provided the bank manager informs them of all the risks, at the time of issuance.
Tips to remember:
  • Apply for a new card before the expiry date mentioned on the card
  • Keep PIN used to carry out transactions secure and do not share it with anybody. Never write it on the card.
Accidental insurance cover of Rs. 1 lakh and Life insurance cover of Rs. 30,000 available to all account holders, at no charge or premium
Accidental insurance available only if card is used at least once in 45 days; and in case you own multiple accounts, accidental insurance is offered on only one account.
Claims process for accidental insurance
Claims process for life insurance
Link mobile number to bank account by mentioning it while filling the account opening form or using any of the bank’s facilities like ATM or SMS to link it after your account is already opened.
Once mobile number is registered, use the MPIN to access basic banking services like money transfer, bill payments, balance enquiries, merchant payments, etc. on a simple GSM mobile phone, and basic handset without using any app.
Easily transfer the account from one branch of the bank to another, in any city or town, as per your needs and choice
Click here for Complaints and Grievance Redressal

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