Axis Saving Account Interest Rate

A Savings Account is very beneficial with multiple advantages as detailed below:

Get fixed deposits at attractive interest rates at Axis Bank and ensure good returns on your investment. Click here to know more about fd interest rates so that you can choose the best suited fixed deposit. Begin your journey of savings with an EasyAccess savings account from Axis Bank with an interest rate of 4% on your daily balances, which is paid quarterly. Access your bank account without any hassles and track your account expenses with Axis Bank’s internet and mobile services.

(1) Earns Interest on your Savings

This is the first and foremost benefit of opening a savings account. It starts earning interest on your money as soon as it is deposited. The interest rate is decided solely by the bank and changes from time to time. Regular interest depends upon the balance of the savings account.

Axis Saving Account Interest Rate

Interest rate in savings account ranges from 3.5% to 7%.

(2) Provides Security of Funds

There is no risk involved in your savings account. It is considered as one of the safest investment alternatives. It even offers you the opportunity to put your money into another investment whenever the time comes.

Account

(3) No Lock-in Period

There is no lock-in period under savings account which means that you can withdraw your deposits anytime you need. There is no need to keep your money in this account for any specific period. You have full flexibility in withdrawal of amount from it.

(4) Offers Liquidity

You can withdraw the amount anytime 24X7 with the use of ATM card or debit card from your account during any emergency even when the bank is closed. In fact, being able to access your money when you need it, is one of the biggest benefit of having a savings account.

(5) Availability of Variety of Savings Account

Many banks offer comprehensive range of savings accounts from regular to premium suiting to your personal banking needs. There are different types of savings accounts offered by various banks that differ based on the interest rates and duration of time commitments. You can choose any of them which suits your financial objectives and requirements.

(6) Services of Customer Relation Manager

Now-a-days many of the banks engage a Customer Relation Manager (CRM) who will help not only solve your queries but also assist you in tax saving, investment, mutual fund schemes, insurance, bank procedures, etc. You need to just call your CRM and he/ she will assist you solve your problem.

(7) Online Banking Facilities

If you maintain a savings account, you can make many transactions online also such as payment of bills, fund transfers using RTGS/ NEFT or IMPS, etc. This will save your time and efforts.

(8) Provides ATM/ Debit Card

You will be offered a debit or ATM card with a nominal charge or without any charges, as offered by your bank. With the help of this card, you can withdraw the funds, make transactions in shops, make payments of bills, etc.

(9) Helps you Get Credit or Loan

The relation you maintain with the bank will help you in getting credits from the bank such as home loan, personal loan. You will also be in a position to negotiate with the banker on the interest rates.

(10) No Cap on Deposits

Axis Bank Savings Account Interest Rate

There is no limit on the amount deposited and number of times it is deposited.

Saving Account Rate Of Interest Axis Bank

(11) Facility to link Loan EMIs, Mutual Fund SIPs or RD deductions

You get a facility to link your monthly loan EMIs, Mutual Fund SIPs or RD deductions through the savings bank account.

(12) Free Mobile App

Most of the banks provide their mobile app for free. Through this app, you can get to know your account balance, check your statement, make transactions, easy transfer of money, etc.

NRE Savings Account is an account which is opened by an NRI (Non Resident Indian) to park his/her overseas earnings remitted to India converted to Indian Rupees. This account is maintained in rupee. It offers the entire standard banking facilities such as issuance of cheque book/ debit card, nomination facility and other remittance facilities. The account holder will receive interest on the money deposited under this account which differs from bank to bank.

provides different services to its customers some of them are Home loan,Personal loan,Car loan,Two Wheeler loan, Gold loan. You can get IFSC Code,MICR Code, Swift Code for NEFT, RTGF fund transfer.

NRE Savings Interest Rates by Banks (as on 06 Mar 2021)

Bank NameMin Interest Rates (p.a.)Min LimitMax Interest Rates (p.a.)Max LimitCalculate
Allahabad Bank4%Less than Rs 40 Lakhs4%Rs 40 Lakhs & above
Andhra Bank4%Upto Rs 50 Lakhs4%Above Rs 50 Lakhs
Axis Bank4%Below Rs 50 Lakhs4%Rs 50 Lakhs & above
Bandhan Bank Limited4%Below Rs 1 Lakh6%Rs 1 Lakh & above
Bank Of Baroda4%Upto Rs 50 Lakhs4%Above Rs 50 Lakhs
Bank Of India4%Upto Rs 50 Lakhs4%Above Rs 50 Lakhs
Bank Of Maharashtra4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
Canara Bank4%Upto Rs 50 Lakhs4%Above Rs 50 Lakhs
Catholic Syrian Bank Limited4%Upto Rs 1 Lakh4%Above Rs 1 Lakh to Rs 50 Lakhs
Central Bank Of India4%Upto Rs 50 Lakhs4%Above Rs 50 Lakhs
City Union Bank Limited4%Upto Rs 1 Lakh4%Above Rs 1 Lakh
Corporation Bank4%Below Rs 50 Lakhs4%Rs 50 Lakhs & above
Dcb Bank Limited4%Below Rs 1 Crore6%Above Rs 1 Crore to Rs 5 Crores
Dena Bank4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
Dhanalakshmi Bank4%Upto Rs 50 Lakhs4%More Than Rs 50 Lakhs
Federal Bank4%Below Rs 50 Lakhs4%Rs 50 Lakhs & above upto Rs 10 Crores
Hdfc Bank4%Below Rs 50 Lakhs4%Rs 50 Lakhs & above but below Rs 500 Crores
Icici Bank Limited4%Below Rs 50 Lakhs4%Rs 50 Lakhs & above
Idbi Bank4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
Indian Bank4%Upto Rs 50 Lakhs4%Above Rs 50 Lakhs
Indian Overseas Bank4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
Indusind Bank4%Upto Rs 10 Lakhs5%Above Rs 10 Lakhs to Rs 1 Crore
Jammu And Kashmir Bank Limited4%For Any Amount4%Above Rs 10 Lakhs
Karnataka Bank Limited3%Upto Rs 1 Lakh4%Above Rs 1 Lakh to Rs 50 Lakhs
Karur Vysya Bank4%Upto Rs 1 Lakh4%Above Rs 1 Lakh
Kotak Mahindra Bank Limited5%Upto Rs 1 Lakh6%Above Rs 1 Lakh to Rs 1 Crore
Laxmi Vilas Bank4%Upto Rs 1 Lakh5%Above Rs 1 Lakh to Rs 5 Lakhs
Oriental Bank Of Commerce4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
Punjab And Sind Bank4%Upto Rs 20 Lakhs4%Above Rs 20 Lakhs
Punjab National Bank4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
Rbl Bank Limited6%Upto Rs 1 Lakh6%Above Rs 1 Lakh to Rs 10 Lakhs
South Indian Bank4%Upto Rs 1 Lakh4%Above Rs 1 Lakh to below Rs 5 Crore
State Bank Of Bikaner And Jaipur4%Upto Rs 1 Crore4%Above Rs 1 Crore
State Bank Of Hyderabad4%Upto Rs 1 Crore4%Above Rs 1 Crore
State Bank Of India4%Upto Rs 1 Crore4%Above Rs 1 Crore
State Bank Of Mysore4%Upto Rs 1 Crore4%Above Rs 1 Crore
State Bank Of Patiala4%Upto Rs 1 Crore4%Above Rs 1 Crore
State Bank Of Travancore4%Upto Rs 1 Crore4%Above Rs 1 Crore
Syndicate Bank4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
Tamilnad Mercantile Bank Limited4%Upto Rs 1 Lakh4%Above Rs 1 Lakh
Uco Bank4%Upto Rs 50 Lakhs4%Over Rs 50 Lakhs
Union Bank Of India4%Upto Rs 25 Lakhs4%Above Rs 25 Lakhs
United Bank Of India4%Upto Rs 50 Lakhs4%More Than Rs 50 Lakhs
Vijaya Bank4%Below Rs 50 Lakhs4%Rs 50 Lakhs & above
Yes Bank5%Below Rs 1 Lakh6%Rs 1 Lakh to Rs 1 Crore

Key features and Benefits of Non Resident External (NRE) Savings Account

  1. Maintained in rupee.
  2. Both the principal as well as the interest can be repatriated.
  3. Interest is payable usually on a half yearly basis.
  4. Offers easy liquidity.
  5. Offers remittance facility.
  6. Get the cheque book facility.
  7. Provision for nomination. Nominee can be Resident or Non-resident or PIO(person of Indian Origin)
  8. Local Rupee Cheques (drawn in India) cannot be deposited in this account.
  9. Cash in rupees cannot be deposited in this account.
  10. Money in this account can be transferred from any non-resident (External) Rupee Savings and Fixed / Term Deposit account or Foreign Currency Deposit (FCNR) account.
  11. No income tax liability.