Share your joy!

Refer your loved ones & gift them
an Amazon.in voucher worth ₹250* Digital Savings Account

Refer your loved ones & gift them an Amazon.in voucher worth ₹250* Digital Savings Account

Refer Now

*T&C Apply.

Savings Account

A savings account is a secure deposit account offered by banks that allows you to save money while earning interest. It provides you easy access to funds for daily expenses and transactions, while offering nominal growth on the balance through interest.

Axis Bank provides a wide range of Savings Account variants with unique features and benefits, aiming to enhance your banking experience. You can seamlessly open an account digitally without any paperwork or branch visits. Alternatively, you can also visit any of our branches to start your banking journey.

Why Axis Bank Savings Account?

Instant account opening supported by Open – the world class mobile banking app
Range of accounts to meet your wide range of requirements with access to credit cards, loans and bill pay options
250+ Banking Services including fund transfer and forex facilities available on India’s top-rated mobile banking app ‘open’
Enjoy cashbacks, rewards, gift vouchers, discounts, complimentary movie tickets, airport lounge access, and more with our Digital Savings Account
Access to our 14,000+ Axis Bank ATMs and 5,000+ Axis Bank Branches across India
Physical and Virtual Debit Cards offering easy banking options.
Insurance, Fixed Deposit, and Investment options directly from your account

Open Savings Bank Account Online in 4 Easy Steps

Open savings bank account online in just 4 simple steps with seamless & easy video-KYC process. Online account opening does not require any paperwork or branch visits. Easy & flexible checkmarks for online account opening -

Choose the right type or variant of Savings Account that suits your financial needs.
Keep your necessary documents readily available.
Provide accurate communication details.

If opting for Video KYC, ensure you have a device capable of supporting video calls and a reliable internet connection.

Video KYC Account in just 4 steps

Apply Now

Know More

Eligibility and Documents Required for Savings Account

Eligibility for a Savings Account can differ based on the chosen variant, user type (individual or joint), and the method of account opening (Physical or Digital Savings Account). Please review the eligibility criteria for your selected bank account variant, as certain features may be subject to change.

Documents required:

Online: KYC documents (proof of identification, address, and nationality).
Offline: KYC documents along with a duly filled account opening form and customer photo.

Please refer to the documentation section of your chosen Savings Account variant, as certain features may be subject to change.

A Savings Account Interest Calculator is a reliable resource for effective financial planning. It helps you determine the interest your savings can generate, offering you clarity to adjust your Savings Account balance to maximise interest gains. By using this tool, you can better plan your finances and make well-informed decisions regarding allocation of your funds and the enhancement of your savings.

My Savings (₹)

₹ 5000 ₹ 2000Cr

Tenure

YY/MM/DD Days Only

Total Amount including Interest

₹0

Rate of Interest*

2.75%

My Savings Amount

₹0

Interest Earned

₹0

Apply Now

Maintaining a healthy balance in your Savings Accounts is essential for handling financial emergencies and highlighting your ability to manage finances efficiently, which can be beneficial when applying for loans or credit cards. Many customers, however, are unaware of the requirement to maintain an average balance in their accounts, leading to non-maintenance fees. The Average Balance Calculator helps you track and maintain the necessary balance easily.

Account Type

Please Select Account Type.

Your Location

Please Select Your Location.

Average balance requirement

Frequency

Select Quarter

Please Select Your Quarter

Select Half Year

Please Select Your Half Year

Select date or multiple dates.

Please Select date.

Enter day end balance of your account for each date/date range selected

Please Enter Closing Balance.

Average monthly/quarterly balance maintained

₹ 0.00

Daily Balance you must maintain for rest of the month to avoid charges:₹ 0.00

You have not maintained sufficient balance for this month.

Estimated fees for the month:₹ 0.00

Summary of your input

Start Day	End Day	No. of Days	Amount

open by Axis Bank - one app for all your banking needs

Enjoy unmatched convenience with India’s one of the best-rated mobile banking app, designed for a seamless experience. Access 250+ services and join 2.8 crore users who trust Axis Bank for their banking needs.

Cards

Monitor spending, track rewards, card limit and more, effortlessly.

Bill Pay

Pay your utility bills, recharge, setup auto pay and more, digitally.

Loans

Apply for personal, home, or car loans at attractive interest rates & track your EMIs within the app.

Fixed Deposits

Book and manage your FD seamlessly.

GRABDEALS – Shop more, Save more!

Enjoy exclusive discounts, cashbacks, and rewards when you shop with Axis Bank Credit or Debit Cards. Save big on leading brands and make your shopping more rewarding!

Up to 20% cashback on 50+ partners

View All Offers Open Account Now

Banking Programs

Silver Linings Program
for Senior Citizens

Know More
Doctors Banking Program
for Doctors

Know More

Fees & Charges

Understand the fees and charges associated with our Savings Accounts. Note that applicable fees and charges may vary based on the specific variant of the Savings Account you choose. Learn MoreLearn more about fees and charges associated with our Savings Accounts

Interest Rate on Axis Bank Savings Account

Currently the interest rate on a Savings Account ranges between 2.75% and 3.25%.

Interest on your savings account is automatically computed based on the bank's offered interest rate and your maintained monthly balance. For instance, if your savings account holds a balance of ₹20,000 and the bank provides an annual interest rate of 3%, you would earn ₹600 in interest annually.

The interest rate is calculated daily on the maintained balance but credited to your account quarterly. Specifically, interest is credited on the first day of the next quarter, except for the fourth quarter, where it is deposited on the last day of the quarter.

View Savings Account Interest Rate

Things to keep in mind while opening a Savings Account

Reputation of the bank – Opt for a bank with a strong reputation in terms of safety and customer service since a Savings Account will serve as your primary relationship with the bank for the long term

Services and facilities – Consider the additional services offered such as online banking, mobile app, branch network, customer support and how easily and conveniently you are able to do your transactions

Fees and charges – Know the fees and charges associated with the Savings Account such as ATM charges, debit card fees, minimum balance penalty, cheque book charges, etc. These may also vary depending on the variant of the Savings Account you choose

Frequently Asked Questions (FAQs)

1. What is a Savings Account?

A Savings Account is a type of bank account that allows you to deposit and store your money while earning interest on it and provides easy access to your savings.

It is a low-risk investment or savings option that helps you grow your money steadily and ensure liquidity. With a savings account, you can manage your daily financial needs, make withdrawals, transfer funds easily, or even just build an emergency fund. It is an ideal choice for anyone who wishes to save for their future.

2. How much money can be deposited in a Savings Account?

In the case of cash deposits, the account holders are allowed to deposit:

Up to ₹50,000 without a PAN card.
₹2,00,000 or more in a single transaction or in aggregate from a single person or in a day upon sharing PAN card details.
A maximum of ₹10,00,000 each year.

3. What type of Savings Account should I open?

When considering opening a savings account, it's crucial to opt for a variant that aligns with your financial behaviour and savings habits. Axis Bank offers a diverse range of savings accounts designed to meet various needs and financial preferences. These include regular savings account, salary account, senior citizen savings account and more. You can seamlessly open savings account online, allowing you to choose the variant that best suits your requirements with just a few clicks. Each account comes with distinct features and benefits tailored to fit particular lifestyles.

For instance, customers with a Senior Privilege Savings Account may be eligible for discounts or additional services on healthcare, while those with an Easy Access Digital Savings Account can enjoy special offers on various e-commerce platforms. Opening bank account online allows you to conveniently access these benefits. Take the time to explore the available options and select the savings account that best suits your needs.

4. What is the minimum balance requirement for a Savings Account?

The minimum balance or average monthly balance (AMB) criteria differ based on the chosen Savings Account type and the account holder's location. For example, the minimum balance for an Axis Bank Easy Access Savings Account is ₹12,000 for metro and urban locations, ₹5,000 for semi-urban, and ₹2,500 for rural areas.

5. How can you transfer money from a Savings Account?

Transferring money from your savings bank account is a simple process with just a click if you opt for the digital mode. Online fund transfer options, including UPI, IMPS, NEFT, or RTGS, provide a seamless way to transfer money from your Savings Account for payments and other requirements. Use Axis Bank's mobile banking app 'open' or internet banking facility for instant money transfers. Alternatively, you can also visit the nearest Axis Bank branch to transfer funds to your bank account.

6. What fees are imposed when the average monthly balance in the Savings Account is not maintained?

Please click here Fees and charges for your savings bank account to know the fees and charges for your desired savings bank account variant.

7. When will I receive a Debit card with my Savings Account?

Upon opening an Axis account, you instantly receive a virtual debit card. The physical debit card is dispatched to your Aadhaar address within 7 working days.

Savings Account

Why Axis Bank Savings Account?

Filter By

Category

Special Features

Savings Account customised for individual needs

Filter

Amaze Digital Savings Account

Easy AccessDigital Savings Account

LibertyDigital Savings Account

PrestigeDigital Savings Account

PriorityDigital Savings Account

BurgundyDigital Savings Account

Arise Women's SavingsAccount

Liberty Savings Account

Sampann Savings Account

Sahaj Savings Account

Government Scholarship Savings Account

Easy Access Savings Account

Prestige Savings Account

Senior Privilege Savings Account

Liberty Silver Savings Account

Future Stars Savings Account

Pension Savings Account

Insurance Agent Account

Basic Savings Account

Small Basic Savings Account

Prime Savings Account

Advantage Savings Account

Youth Savings Account