Basic Savings Small Account

What is small account?

All individuals (sole or joint) residing in India can open a Small Basic Savings Account, who do not have complete KYC as per banks acceptable list of documents as below. The individual should not have an existing savings account with same bank prior to the opening of Small Basic Savings account. To open a Small Basic Savings Account, applicants must provide: Two latest passport size photographs. A Small Basic Account holder is required to submit to the Bank, Actual KYC (ID proof, Address proof and Photograph) as per the Bank's acceptable list of KYC within 24 months of account opening.
The Small Basic Savings Account is an account to get started with. You can avail of basic banking services with this account, and experience banking with us in an easy and hassle-free manner.

  • • Free Rupay Debit Card with a daily withdrawal limit of Rs 40,000
  • • No minimum balance requirement
  • • Easy to monitor account activity - Free monthly e-statements OR Passbook and
  • • SMS alerts
  • • Convenient access to money – Access to 11,500+ Axis Bank ATMs and over 2300+ Axis bank branches
BENEFITS
  • • 4 Free withdrawal transactions per month (Includes Branch Cash and Axis/ Other Bank ATM cash withdrawal transactions)
  • • Free cash deposit (across any Axis Bank Branch) up to a value of Rs1 lac per month
  • • 4% rate of interest on daily balances, paid quarterly
EXTRAS
  • • One Free multi city cheque book per annum
FEES AND CHARGES
Combined ATM and Cash Transactions Limits:
  • • 4 Free withdrawal transactions (Includes Branch Cash and Axis/Other ATM cash withdrawal transactions)
  • • Additional ATM charges beyond free limits:
  • • Rs 20 per Financial Transaction
Important terms and Conditions
The following usage restrictions are applicable in the Small Basic Savings Account:
  • • The aggregate of all withdrawals and transfers in a month should not exceed Rs. 10,000/-
  • • The aggregate of all credits in a financial year should not exceed Rs. 1 Lakh
  • • The balance at any point of time should not exceed Rs. 50,000/-
  • • Foreign Inward remittance shall not be permitted in a Small Basic Savings Account

Documents required

  • • No KYC is required at the time of oppening small account.
  • • Two latest passport size photographs.
  • • A Small Basic Account holder is required to submit to the Bank, Actual KYC (ID proof, Address proof and Photograph) as per the Bank's acceptable list of KYC within 24 months of account opening.