Axis Bank (UTI Bank) was established on December 3, 1993. The bank was born out of the Government of India’s decision to allow private sector participation in the banking industry, aiming to introduce competition and innovation. As UTI Bank, it operated as a subsidiary of the Unit Trust of India (UTI).
Axis Bank Savings Accounts
Basic Savings Account: Axis Bank’s Basic Savings Account is a simple and accessible option for those looking for a no-frills savings account. With minimal documentation and low maintenance requirements, this account is ideal for individuals seeking a straightforward and hassle-free banking experience. It provides the essential features needed for everyday banking without any elaborate conditions.
Axis Bank Prime Savings Account: Designed for the discerning customer, the Prime Savings Account offers a host of additional benefits. Account holders can enjoy personalized services, preferential rates on various banking products, and exclusive privileges such as discounts on locker rentals.
Women’s Savings Account: This account goes beyond traditional banking, providing special benefits like cashback on shopping, health and wellness discounts, and insurance coverages. It empowers women with financial independence and extra perks tailored to their lifestyle.
Senior Privilege Savings Account: This account provides exclusive benefits to individuals aged 60 and above, including higher interest rates, a personalized debit card, and free access to ATMs. It is crafted to enhance the banking experience for our senior customers.
Future Stars Savings Account: This account encourages the habit of saving from an early age and provides features like a personalized debit card, attractive interest rates, and exciting gifts. It serves as an excellent platform for financial education and responsible money management.
Priority Savings Account: The Priority Savings Account is for those who desire a premium banking experience. With a dedicated relationship manager, exclusive lifestyle privileges, and personalized financial solutions, this account is designed for high-net-worth individuals seeking top-notch services and unmatched convenience.
Axis Bank Current Account
Basic Current Account: Axis Bank’s Basic Current Account is an entry-level option designed for small businesses and startups. With minimal documentation requirements, this account provides a straightforward solution for day-to-day business transactions. It comes with features like cheque books, free demand drafts, and easy fund transfers to facilitate smooth business operations.
Business Classic Current Account: The Business Classic Current Account is a step up for businesses that require more comprehensive banking services. This account offers additional benefits such as personalized financial advice, free monthly cash deposit limits, and the convenience of internet banking. It is ideal for businesses aiming for steady growth and looking for enhanced banking facilities.
Business Advantage Current Account: For businesses with higher transaction volumes, the Business Advantage Current Account is a strategic choice. It provides advanced features like unlimited cash deposit facilities, higher free monthly limits for non-cash transactions, and access to a dedicated relationship manager. This account is tailored for businesses seeking a competitive edge in the market.
Business Select Current Account: The Business Select Current Account is crafted for large enterprises and businesses with complex financial needs. This account offers a range of premium services, including priority processing of transactions, higher free limits on both cash and non-cash transactions, and a dedicated relationship manager for personalized assistance.
Trade Forex Current Account: Businesses engaged in international trade can benefit from Axis Bank’s Trade Forex Current Account. This account simplifies foreign currency transactions, provides competitive forex rates, and offers various trade finance solutions. It is a valuable tool for businesses looking to expand their horizons globally.
Start-up Current Account: The Start-up Current Account is specially curated to meet the financial needs of budding entrepreneurs. It offers a suite of services including advisory support, access to networking events, and discounted rates on various business services to help startups thrive.
Axis Bank Term Deposits
Fixed Deposit (FD): The Fixed Deposit from Axis Bank is a classic investment option where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. It’s a low-risk investment, offering the assurance of fixed returns. With flexible tenure options ranging from a few days to several years, individuals can choose the duration that aligns with their financial goals.
Recurring Deposit (RD): Axis Bank’s Recurring Deposit is a systematic savings plan where you contribute a fixed amount monthly, and the bank pays you a specified interest rate. RDs are ideal for those who want to cultivate a disciplined savings habit without the need for a large initial investment. The interest is compounded quarterly, ensuring steady growth over the deposit period.
Tax Saver Fixed Deposit: Axis Bank’s Tax Saver Fixed Deposit allows individuals to enjoy tax benefits under Section 80C of the Income Tax Act. With a lock-in period of five years, this deposit not only offers financial security but also helps in tax planning. It’s a strategic choice for those looking to save on taxes while growing their wealth steadily.
Axis Bank Young Stars FD: Investing in the future of your children becomes seamless with the Axis Bank Young Stars FD. This fixed deposit is specifically crafted to secure the financial future of your kids.
Senior Citizen’s FD: Offering higher interest rates and additional benefits, this fixed deposit provides financial security and peace of mind during retirement. It’s a reliable investment avenue for those seeking stable returns in their golden years.
Axis Bank Debit Cards:
Axis Bank Entry-Level Debit Card: Ideal for everyday transactions, this debit card offers a simple and secure way to access your funds. It comes with features like contactless payments, online shopping capabilities, and easy ATM withdrawals.
Priority Platinum Debit Card: Designed for priority banking customers, this card provides exclusive benefits such as higher daily withdrawal limits, complimentary lounge access at airports, and personalized concierge services.
Axis Bank Credit Cards:
Axis Bank Ace Credit Card: The Ace Credit Card offers cashback on online shopping, dining, and utility bill payments. It also provides milestone benefits, making it an excellent choice for those who love to maximize rewards.
Axis Bank Flipkart Credit Card: In partnership with Flipkart, this credit card is perfect for frequent online shoppers with accelerated reward points on Flipkart and partner merchants.
Axis Bank Magnus Credit Card: Positioned as a premium offering, the Magnus Credit Card provides a host of benefits, including complimentary lounge access, travel and lifestyle privileges, and accelerated reward points on various spending categories.
Features and Benefits of Axis Bank Cards:
Contactless Payments: Both Axis Bank debit and credit cards come equipped with contactless payment technology, allowing for quick and secure transactions without the need to swipe or insert the card.
Rewards Program: Axis Bank credit cards feature robust rewards programs, offering points on every transaction. These points can be redeemed for a variety of options, including shopping vouchers, travel bookings, and more.
Travel Benefits: Many Axis Bank credit cards provide travel-related perks such as complimentary airport lounge access, travel insurance, and discounts on hotel bookings, making them ideal companions for frequent travelers.
Specialized Discounts: Some credit cards offer exclusive discounts and cashback on specific categories like dining, entertainment, and online shopping, enhancing the overall value for cardholders.
Security Features: Axis Bank cards prioritize security, incorporating features like SMS alerts, transaction monitoring, and EMV chip technology to safeguard against unauthorized transactions.
Customization Options: With Axis Bank credit cards, you have the flexibility to choose a card that aligns with your spending habits and lifestyle, allowing for a more personalized banking experience.
Axis Bank Loans
Personal Loans: A personal loan from Axis Bank allows you to address various needs, be it planning a dream vacation, covering medical expenses, or consolidating debts. With minimal documentation and a quick approval process, personal loans provide financial flexibility.
Home Loans: Whether you are buying a new house or looking to renovate your existing one, Axis Bank Home Loans come with competitive interest rates and flexible repayment options, making the journey to your dream home smoother.
Vehicle Loans: Axis Bank offers vehicle loans for both two-wheelers and four-wheelers. These loans come with attractive interest rates, allowing you to own your preferred vehicle without straining your finances.
Education Loans: Axis Bank’s education loans provide the necessary financial support to students. Covering tuition fees, accommodation, and other expenses, these loans offer competitive interest rates and flexible repayment terms, ensuring that education remains an achievable goal.
Business Loans: Entrepreneurs and business owners can benefit from Axis Bank’s business loans, designed to fuel the growth and expansion of enterprises. These loans provide working capital, support equipment purchases, and facilitate business expansion with competitive interest rates and customized repayment structures.
Gold Loans: With minimal documentation and attractive interest rates, gold loans provide a convenient solution for short-term financial needs.
Interest Rates:
Personal Loans: Axis Bank’s personal loan interest rates are typically competitive, providing borrowers with a cost-effective solution for their immediate financial requirements.
Home Loans: Home loan interest rates are influenced by market conditions and the borrower’s creditworthiness. Axis Bank offers both fixed and floating interest rate options, allowing borrowers to choose based on their preferences and financial strategies.
Vehicle Loans: Interest rates for vehicle loans from Axis Bank are designed to be competitive, facilitating affordable ownership of two-wheelers and four-wheelers.
Education Loans: Education loan interest rates are structured to make pursuing higher education accessible. The rates may vary based on the loan amount, tenure, and the applicant’s academic record.
Business Loans: Axis Bank’s business loan interest rates are tailored to support the financial needs of entrepreneurs and businesses, enabling growth and expansion.
Gold Loans: Gold loan interest rates are competitive and depend on various factors, including the loan amount and tenure.
Axis Bank Internet Banking:
Secure Login and Dashboard: Axis Bank’s internet banking starts with a secure login process, ensuring the safety of your financial information. Once logged in, users are greeted with a user-friendly dashboard that provides an overview of account balances, recent transactions, and other key details at a glance.
Account Management: Internet banking allows users to manage multiple accounts seamlessly. You can view account statements, check transaction history, and initiate various transactions such as fund transfers, bill payments, and more, all from the comfort of your computer.
Fund Transfers: Axis Bank’s internet banking enables swift and secure fund transfers. Users can transfer money to other Axis Bank accounts, as well as to accounts in other banks using NEFT, RTGS, and IMPS. The intuitive interface ensures a hassle-free transaction experience.
Bill Payments and Recharges: Axis Bank’s internet banking allows users to settle utility bills, credit card payments, and recharge prepaid services, all within a few clicks.
Investment Management: Users can view and manage their mutual fund investments, fixed deposits, and other investment portfolios effortlessly.
E-statements and Alerts: Axis Bank’s internet banking provides the convenience of e-statements, reducing paper clutter. Users can also set up customizable alerts for transactions, ensuring that they are informed of account activities in real-time.
Axis Bank Mobile Banking App Features:
Intuitive Interface: The Axis Bank mobile banking app has an intuitive and user-friendly interface, making it easy for users to navigate and access various services.
Biometric Authentication: The app supports biometric authentication, allowing users to log in using fingerprint or facial recognition, adding an extra layer of protection to their accounts.
Quick Balance Check: With a quick swipe or tap, users can check their account balance without the need for a full login, providing instant access to crucial financial information.
Mobile Recharge and Bill Payments: The app facilitates quick and secure mobile recharges, bill payments, and DTH recharges, offering a one-stop solution for managing utility payments on the go.
Card Management: Users can manage their debit and credit cards through the app, including blocking or unblocking cards, setting transaction limits, and even applying for new cards.
Instant Fund Transfers: Axis Bank’s mobile banking app supports instant fund transfers through various modes, including UPI, ensuring that users can send money to friends or family with ease.
Digital Savings Account Opening: The app allows users to open digital savings accounts without visiting a branch, streamlining the account opening process for new customers.
Axis Bank NRI Savings Accounts:
NRE (Non-Residential External) Account: Axis Bank provides NRIs with NRE accounts, allowing them to maintain and manage their foreign income in Indian currency. The interest earned on NRE accounts is tax-free, making it an attractive option for NRIs looking to save in India.
NRO (Non-Residential Ordinary) Account: For NRIs who have income generated in India, Axis Bank offers NRO accounts. These accounts enable NRIs to manage their Indian earnings, and the interest earned is subject to taxation as per Indian laws.
FCNR (Foreign Currency Non-Residential) Deposit: NRIs can also explore FCNR deposits, which are fixed deposits in foreign currency. This allows NRIs to invest in foreign currency and earn interest in the same currency, minimizing the impact of exchange rate fluctuations.
Axis Bank NRI Investment Services:
Equity and Mutual Fund Investments: Axis Bank provides NRIs with the opportunity to invest in Indian equity markets and mutual funds. This allows NRIs to participate in India’s economic growth and diversify their investment portfolio.
Real Estate Services: Axis Bank assists NRIs in navigating the real estate market in India. Whether it’s buying a property or understanding the legalities involved, the bank offers guidance and support to make informed decisions.
Fixed Deposits and Bonds: NRIs can explore fixed deposits and bonds offered by Axis Bank, providing secure and stable investment options with competitive interest rates.
Axis Bank NRI Remittance Services:
Online Money Transfers: Axis Bank’s online banking services for NRIs make it easy to transfer funds across borders. The bank offers secure and efficient online platforms for hassle-free money transfers.
Rupee Drafts and Foreign Currency Cheques: NRIs can also use rupee drafts and foreign currency cheques to remit money to India. Axis Bank ensures a smooth and reliable process for these traditional remittance methods.
NRI Debit and Credit Cards: Axis Bank provides NRI-specific debit and credit cards, offering features such as international usage, travel benefits, and secure transactions. These cards are tailored to the needs and preferences of NRIs.
NRI Demat Account: NRIs looking to invest in Indian securities can open a Demat account with Axis Bank. This account allows NRIs to hold and manage their investment portfolio in electronic form.
NRI Services with Axis Bank Connect: Axis Bank Connect is a dedicated platform that provides NRIs with personalized services, allowing them to manage their accounts, track investments, and access a range of banking services seamlessly.