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A power packed account that promises to deliver more than you expect

Prestige Account

Prestige Account comes with an exclusive Cashback Debit Card, which gives cashback across Fuel, Shopping and Travel. 

We believe that truly effective customer service is about being accessible at all times, therefore, we have gone beyond branches to instantly attend to all your banking needs 24X7. Additionally, our ‘Express Response Guarantee’ ensures your service requests are fast-tracked. .

Other benefits include higher transaction limits, preferential pricing on lockers and entertainment benefits. You can avail annual benefits worth Rs. 25,000 with your Prestige Account.

To get an Prestige Account, simply apply on Axis Bank online or visit any of the Axis Bank branches near you.

What is Prestige Savings Account?

The Prestige Savings Account is one of the different types of Axis Bank savings accounts that allows for seamless transactions with the Prestige Debit card or via online banking.

This savings account enables you to save your money securely and utilise it for online transactions or through debit card transactions for shopping and making your utility bill payments and other payments.

With the Prestige Debit card, you can enjoy several benefits such as unlimited ATM withdrawals, cashback and discounts on debit card transactions on shopping, travel and fuel and much more.

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How does a Prestige Savings Account work?

You can open a Prestige Savings Account as a resident of India, a Hindu Undivided Family or on a joint basis. You can open an account online on the official Axis Bank website or by visiting an Axis Bank branch.

In the case of the online account opening, you can opt for video KYC, where your documents will be verified by an authorised Axis Bank agent via a video call.

Once you open your Axis Bank Prestige Savings Account, you can update the account with the minimum opening balance or any higher amount as required. In addition, the Axis Bank Prestige Savings Account comes with a Prestige debit card for making ATM withdrawals and other transactions, which will earn cashback and discounts.

There are some fees and charges associated with the various services and facilities offered by the Prestige Savings Account, and it is essential to maintain an Average Quarterly Balance of ₹75000 for your savings account (across all locations).

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Advantages of a Prestige Savings Account

These are the primary benefits you can enjoy when you open a Prestige Savings Account:

  • 24/7 Banking Assistance
  • Prestige Cashback Debit Card
  • Express Response within 48 hours
  • Annual benefits worth ₹25000

You can also enjoy a range of complimentary banking services that include but are not limited to

  • Higher monthly ATM transaction limits
  • Unlimited DDs/Pos
  • Free online RTGS/NEFT
  • No issuance fees for the Prestige Debit Card
  • High withdrawal limit on ATM and POS with the debit card
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How to maximise earnings from a Prestige Savings Account?

With an Axis Bank Prestige Savings Account, you can maximise your earnings through a host of benefits, rewards and cashback, a few of which are:

  • Quarterly exclusive cashback offers ₹1500
  • No charges for unlimited cheque books
  • 2x Accelerated Axis EDGE reward points worth ₹2400 with Prestige Debit Card
  • Card benefits worth Rs 14000 through discounts and cashback
  • Free online National Electronic Funds Transfer (NEFT)/ Real Time Gross Settlement (RTGS) transactions
  • Up to 30 free monthly Axis Bank and non-Axis Bank ATM transactions (financial or non-financial)
  • Attractive interest rates are between 3 and 3.5% on the monthly account balance
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Prestige Savings Account Interest Rates

The interest rate on the Prestige Savings Account is calculated daily and will be credited to the savings account on the first day of every upcoming quarter. The current rate of interest, effective June 01, 2022, is between 3 and 3.5%, subject to the balance maintained in the account.

The interest earned up to ₹10000 on the Prestige Savings Account during the financial year is exempt from taxes.

How to open a Prestige Savings Account Online?

Here are a few simple steps to open a Prestige Savings Account online:

  • Visit the official Axis Bank website and go to “Savings Account”
  • Click on Prestige Savings Account to start the application process
  • Submit your PAN card and Aadhaar card details, followed by your personal details
  • Fund your Prestige Savings Account with the minimum amount needed and complete the video KYC - Know Your Customer verification
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Do's and Don'ts for Prestige Savings Account

Here are a few do’s and don’ts to keep in mind while opening and managing your Prestige Savings Account:

Upgrade your password

Always change your internet banking password periodically to keep your account safe from being hacked. Keeping the same password for months can put you and your Prestige Savings Account at risk.

Update your contact details

Keep the bank informed of your latest contact details such as email id, telephone number, postal address, etc so that details of your transactions and your account statements can be sent to you on time. This also ensures that you can track any unauthorised transactions and inform the bank immediately.

Use online banking wisely

Avoid using shared devices to open your Prestige Savings Account or access it. This leads to the risk of your password being saved unknowingly. If you must use a shared system, do not save the password and log out without fail.

Install unknown apps

Do not click on suspicious links sent to you via email or SMS, as these may contain malware or viruses that can compromise your account security. Also, do not opt for offers and promotions that are not officially communicated to you.

Entertain unknown callers

Avoid taking calls from false bank representatives asking for your bank details, debit card number, account balance and so on. If you have any queries related to your Prestige Savings Account, contact Axis Bank customer care.

Share your details

Be it a family member or close acquaintance, it is never wise to share your debit card PIN, CVV or your internet banking password with anyone, even in case of an emergency. Keep these details to yourself at all times.

Frequently Asked Questions

If you want to open a Prestige Savings Account, you need to be –

  • A resident of India
  • A Hindu Undivided Family

Or you can also open a joint Prestige Savings Account with two applicants. The documents needed for both the applicants for a joint account are:

  • Proof of address
  • Proof of identity
  • If proof of the relation between both applicants is provided, then the address proof of only the primary account holder will suffice
The documents for an individual Prestige Savings Account:
  • A latest passport size photograph
  • Proof of identity and proof of address
  • Separate proof of address if the mailing and permanent addresses are different
  • Documents for Prestige Savings Account (HUF)

  • A declaration from the Karta
  • A copy of the PAN card or Form 60 of the HUF
  • The Karta’s proof of identity and address
  • A joint letter from all the HUF adult account holders

A Prestige Savings Account offers a variety of benefits such as:

  • Annual card benefits
  • Complimentary services
  • Daily banking services
  • Reward points with a Prestige Debit Card

To check your Prestige Savings Account balance without using the internet, you can simply give a missed call on 1800 419 5959 to know your account balance.

A Prestige Savings Account can be opened by anyone who needs to park their funds safely in a savings account, makes their bill payments and carries out online transactions smoothly, and would like to benefit from the many advantages offered by a Prestige Savings Account.

To be able to open a Prestige Savings Account, you will have to meet the eligibility criteria and can open the account either as a resident of India or a Hindu Undivided Family (HUF). You can also choose to open a Prestige Savings Account on a joint basis.

In Axis Prestige Savings Account, the interest in compounded quarterly instead of monthly. The interest on a Prestige Savings account is calculated each day and is paid out quarterly on the first day of each quarter. Only for the fourth quarter the interest pay-out will be made on the last day of the quarter.

The interest on your Prestige Savings account is calculated each day and is paid out quarterly on the first day of each quarter. Only for the fourth quarter the interest pay-out will be made on the last day of the quarter.

An Average Monthly Balance (AMB) is the end of the day balance for the entire month divided by the number of days. However, the interest pay-out in Prestige Savings account is made on quarterly basis.

An Average Monthly Balance (AMB) of ₹ 75,000 needs to be maintained in your Prestige Savings Account across metro, urban, semi-urban and rural locations.

Having a Prestige Savings Account can help you make your bill payments easily and enable you to make unlimited cash withdrawals at any Axis Bank or non-Axis Bank ATM with a Prestige Account Debit Card.

You can also avail of attractive Prestige Savings Account interest rates, complimentary banking services such as no AMC (annual maintenance charges) on the Demat account for the 1st year, a complimentary lifetime free MyZone credit card – which comes with its own set of offers, annual benefits worth Rs. 25,000 and a personal accident death cover and much more!

You can deposit money into your Prestige Savings Account at the time of opening your account. Visit any Axis Bank branch and fill out a deposit slip to submit the funds. Or you can also visit an ATM to deposit cash into your savings account.

The interest rate on your Prestige Savings Account will be calculated daily and will be credited to the account on the first day of the upcoming quarter. The only exception is the fourth quarter, where the interest amount will be paid on the last day of the quarter. As of now, Prestige Savings Account interest rates are between 3 and 3.5%, depending on the account balance in the savings account.

You will receive your Prestige Savings Account statement every month on your registered email ID (the email ID used to open the account). To get the bank statements from the last 6 months, give a missed call on 1800-419-6969 (English) or 1800-419-6868 (Hindi) from the mobile number registered with your Axis Bank account.

Here is the simple verification process to open a Prestige Savings Account:

  • Mention your PAN card and Aadhaar card details on the online form
  • Next, fill in your personal details and your phone number on the form
  • Update your Prestige Savings Account with the minimum funds required
  • Our authorised KYC - Know Your Customer agent will complete the verification on a video call

You can make unlimited free withdrawals from your Prestige Savings Account with your Axis Bank debit card at any Axis Bank or non-Axis Bank ATM. Or you can also carry out digital transactions and make payments through internet banking once you log in to your online Axis Bank account.

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