Prestige Account

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

• 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