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Axis Bank Limited
Axis Bank Limited

Founded in 1993, Axis Bank is the country’s third largest private sector bank. Axis Bank is widely known for offering a wide range of financial products aimed at meeting the financial needs of individuals, large and medium size corporates, SMEs and even retail businesses. This bank has a conspicuous presence in almost every city and town in the country and is known to have 4000 branches and12,705 ATMs alongside 3548 cash recyclers across India. Axis Bank has 59,000 employees as of 2018 and is headed by Sanjiv Misra as Chairman and Amitabh Choudhary as MD and CEO. The infographic below provides an overview of Axis Bank based on data sourced from Wikipedia. Additionally, read further for in-depth information on Axis Bank retail/consumer banking services.

 

Type

Headquarters

Area Served

Website

Products

Private Sector

Mumbai, Maharashtra

Worldwide

www.axisbank.com

Retail Banking, Corporate Banking, Investment Banking, Wealth Management

Axis Bank Retail/Consumer Banking Services

As mentioned, prior, with over 4000 branches including 9 international offices and 12,705 ATMs across the country, Axis Bank is well-known for its stellar retail banking services. Among Axis Bank’s portfolio of retail banking financial services, one can count in varied loan types including business, education, personal and home loans, debit and credit card services, ATM services, financial consultation services, insurance services, depository services, banking services for NRIs and internet banking.

Axis Bank Savings Account Types

To meet the need for depository services, Axis Bank offers multiple savings account types for individuals as an extension of its retail services. The infographic below provides in-depth information into Axis Bank savings account types alongside minimum balance requirements and associated savings accounts charges.

Savings Account Type

Minimum Balance

Monthly Account Service Fees

Debit Card Issue Charge

Account Closure Charge

Easy Access Savings Account

10,000

350

150

500

Prime Savings Account

25,000

350

Nil

500

Future Stars Savings Account

2,500

100

150

500

Prime Plus Savings Account

1,00,000

350

Nil

500

Women's Savings Account

10,000

350

150

500

Senior Privilege Savings Account

10,000

500

150

500

Pension Savings Account

Nil

N/A

150

500

Trust/NGO Savings Account

25,000

350

150

500

Insurance Agent Account

5000

350

150

500

YOUthAccount

-

N/A

Nil

500

Basic Savings Account

Nil

N/A

Nil

500

Small Basic Savings Account

Nil

N/A

Nil

500

Krishi Savings Account

2,500 Half Yearly

500

150

500

It must be noted that Axis Bank has savings accounts for all demographics and all strata of society including special savings accounts for minors, pensioners, women, farmers and even the youth demographic.

Axis Bank Credit Cards

Axis Bank has several credit card offerings that come with a wide range of benefits and advantages for credit card holders. With widely varying spending limits subject to card holder profile and income, these cards come with loyalty reward points, spending bonuses, discounts and money off at various retail outlets and various other incentives that are generally associated with credit cards.

Axis Bank Loans

Axis Bank is well-known for a bouquet of loan products tailored to meet a wide range of financial needs. Listed below are some of the most popular loan offerings from Axis Bank.

Home Loans

Axis Bank offers up to 10 home loan types for those hoping to acquire residential property. These home loan types include fixed and floating interest rates, repayment tenures of up to thirty years. The infographic below provides a general overview of interest rates and associated charges incurred on Axis Bank home loans.

Rate of Interest

Processing Fee

Loan Tenure

Prepayment Charges

8.80% - 11.75%

0.5% of Loan Amount

1 to 30 years

Nil

Personal Loans

Like most banks, Axis Bank is open to lending in the form of personal loans which are primarily unsecured loans. Any information you may require in regards to rate of interest and associated charges on Axis Bank personal loans, are featured in the infographic below.

Loan Amount

Rate of Interest

Repayment Tenure

Prepayment Charges

Processing Charges

Rs. 50,000 to Rs 15 Lakhs

11.25% Minimum

12 Months to 60 Months

Nil

1.50% to 2% of Loan Amount

Education Loans

Additionally, Axis Bank also specializes in education loans for the intent of financing higher education for Indian students abroad and in the country. These loans can range from Rs. 4 Lakhs to Rs. 75 Lakhs and interest rates vary from 13.25% to 15.20%.

*It must be noted that this is not the extent of loan products offered by Axis Bank. This bank also specializes in two-wheeler loans, four-wheeler loans, loans against property, loans against credit cards, gold loans and business loans. Rates of interest vary between these varying loan types and the infographic below provides a general overview of interest rates charged on varying Axis Bank Loans.

Two-Wheeler Loans

Four-Wheeler Loans

Loans Against Credit Card

Business Loans

Gold Loans

Loans Against Property

NA

9.25%

NA

11.25% to 24%

10.49% to 15.50%

11.35%

KYC Documentation

As is the norm, Axis Bank requires KYC documentation to provide any of the varied services mentioned above. As a means of verifying customer identity, Axis Bank requires identity proof and address proof from every customer/client. These proofs include...

  • Aadhaar Card
  • PAN Card
  • Voter’s ID
  • Driver’s License
  • Electricity Bill
  • Gas Bill

Axis Bank Insurance Schemes

Axis Bank is also known for comprehensive and wide coverage health and life insurance schemes. These schemes are intended to cover expenses associated with illness including hospitalization and other medical bills. As is normative, life insurance schemes from Axis Bank serve as financial protection for next of kin post the untimely demise of the person insured.

In conclusion, this is a general overview of Axis Bank with an emphasis on retail banking services. This article does not cover corporate and investment banking services offered by Axis Bank, nor does it cover Axis Bank’s wealth management consultancy services. For more information on any Axis Bank services, it is best to consult an Axis Bank customer care representative at any Axis Bank branch near you.

Phone Number (022) 2425 2525
Fax Axis Bank Limited
Email [email protected]
Web Site https://www.axisbank.com/
Head Office Axis Bank Limited, Corporate Office, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg,Worli, Mumbai - 400 025
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Loan Type Interest Rate Minimum Age (in yrs.) Minimum Income (in Rs.)
Home Loan Fixed Rate: 11.75% and Floating: 10.25% to 12.25% 24 to 60 years Regular Source of Income should be there
Personal Loan The Interest Rate is based on the assessment of the financial profile of the loan applicant, loan amount and credit history. Not applicable Not applicable
Business Loan The Interest Rate is based on the assessment of the financial profile of the loan applicant, loan amount and credit history. Not applicable Not applicable
Car Loan 11.50% 21-60 Years Minimum income of Rs. 2.4 Lac p.a. or all approved car models
Loan against credit card 13.25% Minimum 24 years Information not available
Education Loan 13.25% to 15.20% No Age Criteria Provided Income Criteria Not Available
Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

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