Axis Bank Online Accounts And How One Can Open An Account How to open an Axis ASAP instant bank account online With more than 3700 branches and close to 15000 ATMs across the country, Axis Bank has displayed a blazing rate of growth since its launch (in its earlier UTI Bank avatar) in 1993. It has spread its product portfolio to encompass all aspects of both assets and liabilities in less than two decades. Analysts and market experts are of the opinion that Axis Bank represents the best combination of its conservative public sector banking past and the aggressive drive towards modernity of a typical new age bank.
Like most other private and public sector banks operating in India, Axis Bank’s product portfolio on the savings accounts side includes regular and premium savings accounts, along with special savings accounts for women, children and senior citizens. But the savings account that exemplifies the modern face of Axis Bank is the ASAP account, also referred to by the bank as EasyAccess Savings Account.
In order to open this account, you do not need to visit any Axis Bank branch. You simply complete the quick KYC verification on the Axis Bank app on your phone or on the website using just your PAN Card number and your Aadhaar Card number. This would help you open the account online immediately, and you can start using it as soon as you receive your chequebook, Debit Card and other deliverables at your registered address. The maximum balance you can keep in this account is Rs. 1 lakh, and for keeping higher accounts, you need to go to a branch and complete the regular KYC process with your biometrics. You get a daily point of sale swipe limit of Rs. 1 lakh on the Rupay Platinum Debit Card that comes with the ASAP account. ATM withdrawals using this card are limited to Rs. 40000 per day. All spends made using this debit card would attract the Edge Reward Points of Axis Bank, which can later be redeemed for attractive gifts or privileges. When you eat at Axis Bank partner restaurants and pay using this debit card, you get an unbelievable 15% off on your bill amount, or an equivalent credit of cashback.
Every quarter you are eligible for one standard multicity chequebook of 25 cheque leaves, and any cheques needed beyond that would attract charges. If you can maintain balances above Rs. 50000, you would get an interest of 4%, but anything below that would fetch you only 3.5%. But anything you keep above Rs. 10000 would automatically get swept into a fixed deposit providing much better rate of interest.
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