Basic Savings Account

Axis Bank's Basic Savings Account offers top-tier banking facilities without the necessity of maintaining a minimum balance. This account comes with advantages such as complimentary cash deposits, effortless banking through widespread branch and ATM networks across India, along with Internet and Mobile Banking capabilities. You'll receive electronic statements, SMS notifications, and a passbook with the Basic Savings Account, ensuring you're constantly informed about your account status and transactions.

Features & Benefits
Eligibility & Documentation
Fees & Charges
Important Links

Features & Benefits

Earn interest on balances, credited quarterly

Click here to view the new interest rate of Savings Account

Bank at your convenience

Get access to 14000+ Axis Bank ATMs, 5800+ Axis Bank branches as well as internet, mobile and phone banking services.

Enjoy zero balance facility

Bank stress-free with no minimum balance requirement

Track your banking activities

Get monthly e-statements, passbook, SMS alerts

Bank easy with a free PMJDY Rupay Debit Card

Get Personal Accident cover up to 2.0 lacs.

Eligibility Documentation

Eligibility for Basic Savings Account

Basic Savings Bank Deposit Account (BSBDA) / PMJDY account can be opened by resident individuals, including minors.
The applicant must not hold any existing Basic/Small Savings Bank Deposit (BSBD) or PMJDY account with Axis Bank or any other bank.

Documentation for Basic Savings Account

You will have to submit certain documents to open the Axis Bank Basic Savings Account. The documents for Basic Savings Account vary for individuals, Hindu Undivided Families and Joint Basic Savings Account. Here are the documents that you will need.

Keep your documents ready

Documents for Basic Savings Account for an Individual:

Two latest passport size photographs
Address and identity proof documents
For a full list of address and identity proof documents, click here
Only a single copy of the document is required if it is listed under both address and identity proof, e.g. Passport / Aadhaar Card
If your mailing address and permanent address are different, you must provide address proof documents for both

Documents for Joint Basic Savings Account

Address and identity proof documents for both applicants
Address proof can be only of the first holder of the account, as long as it is supplemented by a relationship proof between both holders

Fees & Charges for Basic Savings Account

When you sign up for the Basic Savings Account, certain fees and charges may be applicable. The Basic Savings Account charges are nominal and are disclosed upfront, so you know what you are paying or being charged for. To view the complete list of fees and charges for Basic Savings Account

Click Here

Important Links

Click on these links to know more about accounts safety. You can update your PAN and register for e-statement here.

Accounts Safety and Security

Bank Account Portability

Update your PAN Card

Family Banking

Cheque book charges

Form

FAQs

Prestige Cashback Debit Card with daily ATM withdrawal limit of ₹1 lakh
Free cheque books & DD/POs, unlimited branch transactions per month
Get exclusive cashback offers on Debit Card

Min. Avg. Bal: ₹75,000

Initial Funding: ₹75,000

Know More Apply Now

Secure plus debit card with daily ATM withdrawal limit of ₹50,000
One free cheque book per year, 5 free financial transactions at Axis Bank ATMs
Get up to ₹500* off on Axis Bank Dining program on EazyDiner

Min. Avg. Bal: ₹10,000

Initial Funding: ₹10,000

Know More Apply Now

Visa Platinum Debit Card with daily ATM withdrawal limit of ₹5000 and purchase limit of ₹10000.
One free cheque book per year & free 5 financial transactions at Axis Bank ATMs
Personalised card & personal accident insurance cover

Min. Avg. Bal: ₹2,500

Initial Funding: ₹3,000

Know More Apply Now

Terms & Conditions

Basic Savings Bank Deposit Account (BSBDA) / PMJDY account can be opened by resident individuals, including minors.
The applicant must not hold any existing Basic/Small Savings Bank Deposit (BSBD) or PMJDY account with Axis Bank or any other bank.
Conversion to BSBD: Upon down‑migration of the account to BSBD, the customer is advised to apply for the default RuPay Debit Card to avail relevant offers and benefits. Not opting for the default debit card as per the updated scheme may result in applicable charges based on the currently held card type.

Note: If a BSBD account is opened using simplified KYC, it will be treated as a Basic Savings Bank Deposit Account – Small, and will be subject to the below restrictions/limits.

A. The aggregate of all credits in the account should not exceed ₹1,00,000 in a financial year.

B. The balance in the account should not exceed ₹50,000 at any point of time.

C. The aggregate of all withdrawals and transfers should not exceed ₹10,000 in any month.

D. Foreign Inward remittance shall not be permitted in the small account.

E. Small Accounts are valid for 12 months and may be extended up to 24 months upon submission of proof of applying for an Officially Valid Document (OVD) within the first 12 months of account opening.

F. The Bank reserves the right to freeze operations or close the Small Savings Account after 24 months if the KYC documents are not submitted within the prescribed timelines.

G. Upon submission of the required KYC documents, the account will be converted into a Basic Savings Bank Deposit Account, or the customer may choose to migrate to any other Savings Account variant offered by the Bank.