Axis Bank Easy Access Savings Account vs Kotak Mahindra Bank Savings Account

Interest Rate

Less than Rs. 50 lakhs: 3.00% p.a.; Rs. 50 Lakhs and up to less than Rs. 10 Crs: 3.50% p.a.
3.50% - 4.00% p.a.

Minimum Balance

Zero Balance Savings Account OR Metro - Rs. 10,000; Urban - Rs. 10,000; Semi Urban - Rs. 5,000; Rural - Rs. 2,500
Zero Balance Savings Account

Monthly Average balance

Metro- Rs.16,000 Urban - Rs.15,000 Semi Urban - Rs.6,000 Rural - Rs.3,000
Nil or Rs. 10,000

Features

* Personal accident insurance cover of up to Rs. 5 Lakhs if swiped the card once every 90 days

* When making durable purchase using debit card, get insured against fires, natural calamities, burglary, and housebreaking up to 90 days from date of purchase making the user eligible for Purchase Protection Plan of up to Rs. 50,000 

* Internet and mobile banking services 

* Monthly E-Statements 

Free NEFT through Internet Banking

Free Cash Withdrawals at Domestic ATMs

Scan and Pay to make payments for shopping, groceries, and much more



Documents Required

* Duly filled and signed application form

* Two latest passport size photographs

* Address and identity proof

* Only a single copy of the document is required if it is listed under both address and identity proof, e.g. Passport/Aadhar Card

* If mailing address and permanent address are different, provide address proof documents for both

To obtain Axis Bank Credit Cards please click here. To open an Axis Bank savings account please click here

* Driving License, Passport, Voter's ID, Aadhaar Card, PAN Card

* Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)

* Latest Passport Size Photographs

 To open Kotak 811 Zero Balance Savings Account, please click here


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