3.50% p.a.

.

Subsequently, one may also ask, which is the best savings account in Axis Bank?

Axis Bank Savings Account Interest Rate India Feb 2020

Axis Bank	Basic Savings Account
Interest Rate	Upto Rs. 50 Lakh : 3.50% Above Rs. 50 Lakh : 4.00% annually Check Best Schemes
Minimum Account Balance	Nil
Debit Card	RuPay Debit Card

Additionally, is zero balance account available in Axis Bank? Axis Bank's zero balance account offers a zero balance facility, a free debit card and unlimited free cash deposit. Axis Bank's zero balance account allows you to access more than 12,000 Axis Bank ATMs, over 2,500 Axis Bank branches as well as internet, mobile and phone banking services.

Then, is Axis Bank good for savings account?

With a multitude of choices on their plate, Axis Bank customers can open a savings account best suited for managing their finances. Customers can access their savings accounts at any of the 11,500 Axis Bank ATMs and 2300 Axis Bank branches strategically located across the country.

What is the rate of interest in SBI saving account?

SBI offers an interest rate of 3.00% to 3.50% on Savings Account.

Related Question Answers

Which bank is better axis or Icici?

But the latest quarter financial performance makes investors believe that Axis is better placed than ICICI. The past year has seen Axis outperform ICICI by a wide margin. Axis rose 68.71% in the past year as compared with ICICI, which gained 12.23%. This has also been a positive for Axis Bank."

Which bank is best Axis or HDFC?

ICICI Bank had the highest Net Non-Performing Assets (NNPA) of 0.62% compared with just 0.25% and 0.20% for Axis Bank and HDFC Bank, respectively. Despite this, its Capital Adequacy Ratio (CAR) was a healthy 18.52%, compared to a measly 13.66% for Axis Bank and 16.5% for HDFC Bank.

Which bank pays highest interest on saving account?

Other than this only following 5 banks offer higher than 3.5% interest rate: Bandhan Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank, Ratnakar Bank and Yes Bank. The good news is most new age Small Finance Banks offer interest rate of 4% or higher on their savings account.

Which is the No 1 bank in India?

HDFC Bank

Which saving bank account is best?

How to choose the best Savings Account with the highest interest rate for you?

• DBS Multiplier Account.
• OCBC 360 Savings Account.
• UOB One Account.
• Maybank SaveUp Account.
• BOC SmartSaver.
• Standard Chartered Bonus$aver Account.
• CIMB FastSaver Account.
• Citibank InterestPlus Account.

Which online bank is best?

Best Online Banks of 2020

• Ally Bank: Best Overall.
• Discover Bank: Runner-Up, Best Overall.
• Charles Schwab: Best for Frequent Travelers.
• Alliant Credit Union: Best for Students.
• Brio Direct: Best for High Rate on Savings.
• nbkc Bank: Best for Interest Checking.
• Capital One: Best for Mobile App.
• Simple: Best for Managing a Budget.

Which bank is best in world?

This was achieved after DBS was named “World's Best Bank” by leading global financial publication Euromoney in its 2019 Awards for Excellence. It follows the bank's wins of Global Finance's “Best Bank in the World” in August 2018 and The Banker's “Bank of the Year – Global” in November 2018.

What happens if minimum balance is not maintained in Axis Bank?

If you don't maintain, they will charge you but confirm from your bank, what is the exact penalty. If you are opening a new saving bank account then, do not go with AXIS Bank as it has cut its interest rate to 3.5% on Savings Account Deposits.

What is Axis prestige account?

Prestige Account comes with an exclusive Cashback Debit Card, which gives cashback across Fuel, Shopping and Travel. 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 the minimum balance in Axis Bank?

Axis Bank Current Account minimum balance is Rs. 10,000.

Which bank has no minimum balance?

As the name suggests, in a zero balance saving account, customers are not required to maintain any minimum average balance, unlike a normal bank account. From state-run State Bank of India (SBI) to ICICI and HDFC Bank all banks offer the option of opening a zero balance savings account these days.

What is the minimum balance in HDFC?

The minimum amount required for opening Savings Account in HDFC is Rs. 10,000 for metro urban branches Rs. 5,000 For Semi urban branches Rs. 2,500 for Rural branches is required to open a Savings Regular Account.

What is basic saving account?

The Basic Savings Bank Deposit Account or BSBDA is a Savings Account that does not have a minimum balance. In contrast, a BSBDA has a maximum account balance that has to be maintained. The bank allows a certain number of deposits and withdrawals in the month that are free of cost.

What is Axis ASAP?

Axis ASAP is a new age digital savings account offered by Axis Bank. You can open an Axis ASAP account by downloading the Axis Mobile App or by visiting asap& registering your Aadhaar, PAN & other basic details. Axis ASAP is a fully loaded Digital Savings Account.

What is good about Axis Bank?

Axis banks is having a good net banking and good mobile application. Thats it, all pros end here from an user perspective. Worst sales team, they sell insurance policies. They are not at all interested in the core banking.

How do I open a savings account?

To open a regular Savings Account online, you will need documents such as your ID proof, address proof, PAN card, Aadhaar card, bank account statement of at least three months and a cheque of the amount you'd like to deposit in your new account.

How do I get axis ASAP passbook?

No. You can't get passbook and cheque book with this account . Yiu will increase amount limits After updating KYC from branch .

How can I close my axis ASAP account?

Steps to close your savings account:

1. You can withdraw the remaining balance from your account or you can transfer it to any other account.
2. Fill in account closure form, you'll require to submit this form to your home branch. Click here to get the form.
3. Visit your home branch and cut down your debit card and cheque book.

Who can open zero balance?

Kotak Mahindra Zero Balance Account(Kotak 811) All Indian citizens above 18 years of age can open a Kotak Mahindra zero balance savings account. The Zero Balance Savings account -811 can be opened online in just 5 minutes.