Axis Bank Easy Access Savings Account vs State Bank of India (SBI) 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.
2.70% 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
NIL or Metro & Urban: Rs. 3000, Semi-Urban: Rs. 2000, Rural: Rs. 1000

Monthly Average balance

Metro- Rs.16,000 Urban - Rs.15,000 Semi Urban - Rs.6,000 Rural - Rs.3,000
NIL

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 

Internet banking/ mobile banking facility

SMS Alerts and e-statement facility

YONO App facility

State App Anywhere

SBI Quick Missed Call Facility

ATM facility

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

* Application form along with Photographs

(a) Proof of identity (any of the following with authenticated photographs thereon):

(i) Passport

(ii) Voter ID card

(iii) PAN Card

(iv) Govt./Defence ID card

(v) ID cards of reputed employers

(vi) Driving Licence

(b) Proof of current address (any of the following)

(i) Credit Card Statement

(ii) Salary slip

(iii) Income/Wealth Tax Assessment Order

(iv) Electricity Bill

(v) Telephone Bill

(vi) Bank account statement

(vii) Letter from reputed employer

(viii) Letter from any recognized public authority

(ix) Ration Card


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