How to Open a Bank Account in Axis Bank Online

Opening a bank

has become a hassle-free process,

thanks to the convenience of online banking. In this guide, we’ll walk you through the steps to open a savings account with Axis Bank, along with the necessary documents and eligibility criteria.

Documents Required for Axis Bank Savings Account

To initiate the process, ensure you have the following documents ready based on your eligibility category:

For Individuals:

  1. Two Latest Passport Size Photographs
  2. Proof of Identity:
    • Passport, Driving License, Voter’s ID Card, etc.
  3. Proof of Address:
    • Passport, Driving License, Voter’s ID Card, etc. (Both temporary and permanent addresses if different)
  4. PAN Card
  5. Form 16 (if PAN card is not available)

For Hindu Undivided Families:

  1. Copy of PAN Card
  2. Form 16 (if PAN card is not available)
  3. Declaration Form from Karta
  4. Proof of Identification and Address of Karta Document
  5. Prescribed Joint Hindu Family Letter signed by heads of the family

For Joint Applicants:

  1. Identity and Address Proof of Both Parties
  2. For Married Couples:
    • Only the address of the primary account holder is required

Steps to Open an Axis Bank Savings Account Online

  1. Visit the Axis Bank Homepage: Go to the official Axis Bank website.
  2. Click on “Savings Accounts”: Navigate to the savings accounts section to explore available options.
  3. Choose a Suitable Savings Account: Select an account that aligns with your financial goals.
  4. Apply for the Account: Submit the required documents online as prompted. Documents include:
    • Proof of Identity
    • Proof of Address
    • PAN Card
    • Form 16 (if applicable)
    • Two latest passport-size photographs
  5. Fill in the Application Form: Complete all fields in the application form to avoid rejection. Seek assistance from Axis Bank executives if needed.
  6. Visit the Axis Bank Branch or Register Online: Submit the filled form and KYC documents at the chosen branch. Alternatively, you can register for an account online.
  7. Document Verification: A bank executive will verify the documents, ensuring consistency between KYC details and the application form.
  8. Initial Deposit: Make an initial deposit based on the minimum balance requirement at the cash deposit counter.
  9. Receive Debit Card and Documents: Once the deposit is made, the executive will provide you with a debit card and relevant documents related to your savings account.

Eligibility to Open Axis Bank Savings Account

To be eligible for an Axis Bank savings account, individuals must meet the following criteria:

  1. Citizenship:
    • The applicant should be a citizen of India.
  2. Age Requirement:
    • The applicant must be 18 years and above, except for minor savings accounts.
  3. KYC Documents:
    • Submit valid KYC documents proving identity and address along with the account opening form.
  4. Hindu Undivided Families:
    • Hindu undivided families are eligible.
  5. Initial Deposit:
    • Make an initial deposit based on the specific savings account’s minimum balance requirement.

Frequently Asked Questions (FAQs)

Can I open an Axis Bank savings account online?

Yes, you can initiate the process online and then visit the bank branch for verification and document submission.

What is the minimum balance requirement for Axis Bank savings accounts?

The minimum balance requirement varies based on the type of savings account. It’s advisable to check the specific account details on the bank’s official website.

Is there an age limit for opening an Axis Bank savings account?

Applicants must be 18 years and above, except in the case of a minor savings account.

Can I contact Axis Bank for assistance in filling out the application form?

Absolutely. If you face any challenges, feel free to reach out to any Axis Bank executive for assistance in completing the application form.

Conclusion

In conclusion, opening a savings account with Axis Bank is a straightforward process, offering convenience and flexibility to customers. By following the outlined steps and ensuring all required documents are in order, you can quickly embark on your financial journey with Axis Bank.

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