Quick Answer: What Is The Minimum Balance For Savings Account In Axis Bank?

Is Icici Bank better than Axis Bank?

ICICI Bank is a Private Bank with its home loan rates benchmarked to RLLR.

Axis Bank has an average customer ratings of 4.4, while ICICI Bank has an average customer rating of 4.1, based on which it is clear that Axis Bank has a high customer service focus, an easy Home Loan process and a quick turnaround..

Which bank account is best?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account. … YES Bank Smart Salary Advantage. … IndusInd Bank-Indus Online Savings Account. … DBS-DigiSavings. … Kotak Mahindra Bank-811 Digital Bank Account. … HDFC Bank – Basic Savings Bank Deposit Account. … SBI – Basic Savings Bank Deposit Account. … Standard Chartered Basic Savings Bank Deposit Account.

How can we avoid minimum balance charges?

To avoid such circumstances, you can opt for a zero balance account. You can open a zero balance account, even if you are a non-salaried account holder of a bank. With this option, account holders will not be required to maintain a monthly average balance.

Is Axis Bank good for students?

Axis Bank is also the best bank for students by helping them manage their funds without any hassle. You get multiple deals and discounts with this Axis Bank savings account. The bank will offer you a debit card that comes with an ATM limit of INR 40,000 per day and a shopping limit of INR 1 lakh.

Which Axis bank account is best?

Prime Savings AccountUnlimited (free) cheque books, without any charge.Unlimited (free) Demand Draft (DD), without any charge.A Secure Plus Debit Card, at a zero issuance fee.Daily withdrawal limit of Rs 50,000 at ATMs.Daily limit of Rs 75,000 on shopping transactions.Earn Axis eDGE Reward points.More items…•

Can I open zero balance account in Axis Bank?

ASAP Instant Savings Account – Axis Bank If you are looking to get your zero balance account opened in no time, then ASAP Instant Savings Account, from Axis Bank, is a perfect choice. Features of ASAP Instant Savings Account by Axis Bank are: Unlimited number of NEFT/RTGS from the mobile app.

Which bank is better HDFC or Axis?

Both Axis Bank and HDFC Limited follow the same formula when it comes to ascertaining the loan amount. But, in terms of interest rates, HDFC is a better option as its highest rate is 8%. Whereas, Axis Bank Home Loan Interest rates are can go upto 8.55%.

Is HDFC better than SBI?

This makes HDFC Bank a better option for Personal Loan. HDFC Bank has an average customer ratings of 4.5, while SBI has an average customer rating of 3.6, based on which it is clear that HDFC Bank has a high customer service focus, an easy Personal Loan process and a quick turnaround.

Which bank saving account is best?

Read on for more details about each savings account.Citibank AcceleRate Savings Account. … Standard Chartered Privilege$aver. … OCBC 360 Account. … UOB Stash Account. … Hong Leong Bank Pay&Save Account. … Alliance SavePlus Account.

Which bank has zero balance?

Latest Interest Rate for Zero Balance Savings AccountBankName of zero-balance savings accountInterest rateStandard Chartered BankBasic Banking Account0.5% to 4.90%HDFC BankBasic Savings Bank Deposit Account3.50% to 4%Axis BankBasic Savings Account3.50% to 4%ICICI BankBasic Savings Account3.50% to 4%5 more rows

What is the easiest bank account to open online?

1. Choose a Bank or Credit Union with $0 Deposit Req’sBarclays Online Savings.Chime.Discover Online Banking Cashback Debit.Credit Unions.Wells Fargo Opportunity Checking®BBVA Compass Easy Checking.Radius Bank Essential Checking.

What is the minimum balance in Axis Bank?

Axis Bank Current Account Interest RateAxis BankNormal Current AccountMinimum Account BalanceRs. 10,000Non Maintenance ChargeRs. 3 per 1,000 and a charge of Rs. 75Cash Withdraw LimitRs. 1 Lakh per dayInterest RateNil

Is Axis Bank good for salary account?

Axis Bank’s Easy Access Salary Account provides you access to your salary anytime, anywhere through robust banking services and transactional benefits. The Easy Access Salary Account comes with a RuPay Platinum Debit Card and a daily withdrawal limit of Rs. 40,000.

What is monthly average balance in Axis Bank?

Axis Bank:Monthly Average BalanceRs 10,000If Monthly Average Balance is not maintainedRs. 10 per Rs.100 of the shortfall from Average Monthly Balance Requirement or ₹ 500, (plus GST) whichever is lower with a minimum charge of ₹ 100Dec 9, 2018

Is Axis Bank a good bank?

Axis Bank has achieved consistent growth and stable asset quality with a 5 year CAGR (2009-13) 37% in Net Profit with a balance sheet size of Rs. … The Bank has a network of 2225 branches and extension counters and 11796 ATMs and 7 International countries.

Which bank has lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

What happens if I don’t maintain minimum balance in Axis Bank?

Most banks require their customers to maintain a minimum balance in their account. They charge their account holders for the non-maintenance of minimum average balance (MAB). … If customers fail to maintain this balance, they will have to pay a penalty of up to Rs 75 – every month!