IndusInd Bank Small Savings Account vs Axis Bank Easy Access Savings Account

Interest Rate

4.00% - 6.00% p.a.
Less than Rs. 50 lakhs: 3.00% p.a.; Rs. 50 Lakhs and up to less than Rs. 10 Crs: 3.50% p.a.

Minimum Balance

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

Monthly Average balance

NIL or The balance at any point of time does not exceed Rs. 50,000
Metro- Rs.16,000 Urban - Rs.15,000 Semi Urban - Rs.6,000 Rural - Rs.3,000

Features

Free access to IndusInd Bank ATMs across India for cash withdrawals, cash/ cheque deposits, VISA Credit Card bill payment, balance enquiry and mobile top-up

5 Free Domestic Other Bank ATM transactions in a month

Free funds transfer through NEFT or RTGS

Half-yearly statements, monthly statements through email

* 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 

Documents Required

* Proof of identity as per list provided from time to time

* Proof of address as per list provided from time to time

* An Account Opening Form Duly Filled

* One passport size self-attested colour photograph

* The prospective customer should visit the branch and affix his/ her signature/ thumb impression in the Account Opening Form in front of the Branch Manager or Manager Customer Service and Operations

* 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


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