ASAP Digital Savings Account

asap digital savings account

asap digital savings account

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Zero Balance Savings Account

Get an Axis Bank zero balance a/c @Rs.150 p.m. & enjoy no charges on banking transactions

Choose from accounts tailored as per your needs

Open an ASAP Digital Savings Account to unlock exciting offers in just 4 Steps

Get BookMyShowmovie package valued at ₹ 4000, offering a flat discount of ₹ 400 per ticket*

*The offers are applicable on completing first debit card transaction.

Open an ASAP Digital Savings Account to unlock exciting offers in just 4 Steps

Open an ASAP Digital Savings Account to unlock exciting offers in just 4 Steps
Open an ASAP Digital Savings Account to unlock exciting offers in just 4 Steps

Open an ASAP Digital Savings Account to unlock exciting offers in just 4 Steps
Open an ASAP Digital Savings Account to unlock exciting offers in just 4 Steps

Accelerate your shopping with Instant Debit Card

The image for physical card is representative of easy variant. Actual image might be different basis your account selection

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Instant
E-Debit Card

Buy 1 Get 1 on
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E-Debit Card

Avail 1% cashback
on Online Spends through E-Debit Card. (*Click here to view excluded merchant categories)

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Trusted by 20 Million+
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Hyper personalised, intuitive & seamless

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100% Digital Account with no paperwork or branch visits

5100+ Branches

15000+ ATMs

Video KYC Account in just 4 steps

Funding and Fees

Amaze Digital Savings Account
Initial Funding: ₹10,000Average Balance Requirement
Debit Card fees: NilAverage Monthly Balance - NIL
Plan Charges: Monthly: ₹200/month (6 months minimum)
Annual: ₹2,200/year
Easy Access Digital Savings Account
Initial Funding: As Stated BelowAverage Balance Requirement
Metro: ₹16000/-Metro: ₹12000/-
Urban: ₹15000/-Urban: ₹12000/-
Semi Urban: ₹6000/-Semi Urban: ₹5000/-
Rural: ₹3000/-Rural: ₹2500/-
Virtual Debit Card fees : Nil
Physical Debit Card Joining Fees :500+GST
Physical Debit Card Annual Fees : 500+ GST
Liberty Digital Savings Account
Initial Funding: ₹25,000/-Average Monthly Balance - ₹25,000 OR monthly spends* of ₹25,000
*spends include merchant payments made through your account (internet banking, Axis Mobile, UPI) and through debit card of Primary Account Holder (offline or online payments)
Virtual Debit Card fees : Nil
Physical Debit Card :1. Joining fees : ₹200 + GST
2. Annual fees : ₹300 + GST
Prestige Digital Savings Account
Initial Funding: ₹75,000/-Average Monthly Balance - ₹75,000/-
Virtual Debit Card fees : Nil
Physical Debit Card Annual fees : ₹500+GST
Physical DC joining Fees : Nil
Priority Digital Savings Account
Initial Funding: ₹2 LakhsAverage Monthly Balance - ₹2 Lakhs
Debit Card fees: Nil
Burgundy Digital Savings Account
Initial Funding: ₹5 LakhsAverage Quarterly Balance - ₹10 Lakhs
Debit Card fees: Nil

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Open a Bank Account digitally in just a few clicks Axis ASAP: A digital savings account with loads of benefits

Calculate interest on Savings Account: Formula, example & types

Calculate interest on Savings Account: Formula, example & types

Types of Savings Accounts: Know them all

Types of Savings Accounts: Know them all

Additional Offers

FAQs

General Queries

What is ASAP Digital Savings Account?

ASAP Digital Savings Account is the new age digital savings Account offered by Axis Bank. All you need is your Aadhaar, PAN & other basic details. Since this process is completed through a Video verification, kindly ensure you are using a camera enabled device.

Benefits of ASAP Digital Savings Account.

Eligibility to open ASAP Digital Savings Account.

You can open an ASAP Digital Savings Account as long as,

Is it mandatory to share Aadhaar details to open a ASAP Digital Savings Account?

You need to voluntarily share your Aadhaar details to open an ASAP Digital Savings Account. In case you do not wish to share your Aadhaar or VID details, you may visit your nearest Axis Bank Branch and choose to open a savings account from our range of options.

Do I need to visit a branch after opening a ASAP Digital Savings Account?

You need not visit a branch post account opening. Your ASAP Digital Savings Account lets you avail all our 250 + services online.

Balance requirement for Digitally Opened Savings Account

You need to maintain account variant specific balances as given below:

Do I need to add a nominee for my ASAP Digital Savings Account?

It is always good to have a nominee for your account. In case of unforeseen circumstances, your account funds can be transferred to the nominee without any hassle. You can, however, skip nominee details while opening the account and add one later.

Can a Joint Account be opened under Digital Savings Account?

No, Joint Accounts cannot be opened under Digital Savings Account. Only Single Individual Accounts can be opened.

Onboarding Related

What is the maximum time within which I have to complete my application?

You need to complete first 3 steps of your application within 3 days (72 hours) from the time you completed your Aadhaar based OTP verification in Step 1. The 4th step related to funding can be completed within 72 hours from time of completion of VKYC (Step 3).

Will my account be activated immediately after I complete all 4 steps of the application?

Post successful completion of funding, your application will be processed, during which a backend verification is done. Duration of this verification process may vary from 1 hour to a few days, depending on various factors. In the unlikely event where you have not received an email confirmation from us regarding account activation even after 4 business days, please reach out to us via the call center numbers given here to check the status of your account.

How do I resume my application if I was not able to complete it the first time?

As soon as you complete Step 1, a link is sent on your registered mobile number. Click on this link to resume your account opening journey. Please note that the link will be valid only for 3 days (72 hours) for resuming journey to complete the process till Step-3. However, for Step-4, same link can be used for next 72 hours (from time of completing VKYC step) to complete funding. Post this time frame, you may start the journey again as a fresh application.

Is it possible to use an address different from the one on my Aadhaar for receiving communication?

Yes, at the time of applying for a ASAP Digital Savings Account, you can provide your communication address with a self declaration.

Can I specify a communication address that varies from my Aadhaar registered address?

Yes, at the time of applying for a ASAP Digital Savings Account, you can provide your communication address with a self declaration.

I completed VKYC for my account but I am unable to complete my application

If you've completed VKYC but not completed your funding step, we will keep your account in dormant stage for 72 hours till funding is completed. If funding is not completed within 72 hours from the time you completed yourVKYC ( Step- 3), your application will expire. You can then try applying for a fresh Digital SA account.

While funding the account, my account got debited. However, it says that the payment failed.

This happens when we do not receive a confirmation of the payment from the payment gateway. In such a scenario, the amount will be refunded to your account within 3-7 working days. You may initiate a fresh transaction to complete the account opening journey.

My application was rejected in Video KYC, am I eligible to apply again?

Yes, you may apply for a ASAP Digital Savings Account again.

How can I upload my signature for this account?

You may upload the signature during the VKYC step. You need to sign on a white sheet of paper and show the same to the VKYC agent. Alternatively, you may upload the signature after completing the journey in the Axis Mobile banking app.

Debit Card Related

Which debit cards will I get with my ASAP Digital Savings Account?

You will receive,

How do I earn reward points on my Debit Cards?

To know more about EDGE REWARD point earn structure Click here

What is a virtual Debit Card? What are the offers and benefits?

Benefits of Physical Debit card

Daily transaction limits for my Debit Cards.

For Liberty Debit card

Delivery of physical Debit Card.

The physical Debit Card as per account variant will be delivered to your communication address within 7 working days from the time of account activation. If you have not received it please reach out to us here for resolution. However, with the special circumstances that we are currently facing nationwide, some delay in delivery may be expected.

How is a Virtual Debit Card different from a physical Debit Card?

You may use your Visa E-Debit Card (virtual) only for online transactions like shopping, travel, recharge, transferring funds etc. You may also use it to withdraw cash at ATMs that have cardless withdrawal facility.
You may use your physical Debit card for online transactions, offline transactions at merchant POS and cash withdrawals at any ATM.

Can I use both Virtual as well as Physical Debit Card?

Yes, both the Debit Cards (Visa E-Debit Card and Physical Debit card) that come with your ASAP Digital Savings Account will remain active for usage.

Where can I find details of my virtual Debit Card?

You can find the details for your Virtual Debit Card using the Axis Mobile App. Please follow the below steps:

What is the validity of Virtual Debit Card?

Your Virtual Debit Card is valid until the expiry date mentioned on it.

How do I generate a Debit Card PIN for virtual Debit Card if I did not generate it during the application process?

The process applicable for both the E-Debit card and Physical Debit Card, is via Phone Banking.Alternatively, you may set the PIN for your Physical Debit Card via any of the other options. View all options here.

How do I place a request for replacement/Upgrade of Debit Card.

You may apply for a replcement or upgrade of your Physical Debit Card via the below steps.

a. Axis Mobile App : Click on Banking >> Services >> Debit Cards >> Upgrade >> Select the Card

b. Internet Banking: Select your Debit Card through My Debit Cards under the Accounts option >> Select between Block / Replace / Upgrade & the card you wish to upgrade to >> Enter code received through SMS.

c. Call : Call us on the numbers mentioned here.

d. Branch : You can visit your nearest Axis Bank branch & place a request to get a physical Debit Card for your Savings Account.

e. Burgundy customers can call us on - 18004190065

Mobile Banking Internet Banking

How do I begin using Internet Banking for my ASAP Digital Savings Account?

Post account activation, you can register for Internet Banking by:

a. Directly logging in using your ASAP Digital Savings Account’s Virtual Debit Card details.

b. Registering as 'First time user' on Internet Banking and using your Customer ID.

How do I begin using Mobile Banking for ASAP Digital Savings Account?

You can register for Axis Mobile using your registered mobile number. You will need to authenticate yourself using details of either of your Debit Cards before initiating any financial transactions.

You can register for Axis Mobile using your registered mobile number. You will need to authenticate yourself using details of either of your Debit Cards before initiating any financial transactions.

Cheque Book related

Will I receive a Cheque Book for the ASAP Digital Savings Account?

You need to update the Signature in your account to be eligible for a cheque book. You may update your signature through Mobile app> Insta Services or you may visit your Axis Bank branch to place a request to get your signature updated in the Bank's records. Once the Signature is updated in your Savings bank account, you can place the request for a cheque book.

How do I request for a Cheque Book for my ASAP Digital Savings Account?

A cheque book can be issued for your ASAP Digital Savings Account only after you have updated your signature in your account. Once the Signature is updated, you can place a request using the below options:

a. SMS - SMS space to 56161600 from your registered mobile number. (For e.g. – CHQBK 23456)

b. Axisbank.com/Support: Support Home Page >> Get It Done Instantly >> Click on Cheque Book Request >> Enter Registered Mobile Number >> Enter OTP >> Select Account >> Click on Submit >> Cheque Book will be issued and delivered. (You can also scroll up and click on ‘Request Using Registered Mobile No.’ tab to use this option)

c. Chat with Axis Aha!: Click on Axis Aha! icon below or on axisbank.com >> Type “Order Cheque Book” >> Login with you Internet Banking credentials or MPIN >> In case of multiple accounts, select the account for which you need to order the cheque book for >> Verify your details and click on “Confirm” >> Enter the OTP received on your registered mobile number >> Your cheque book will be ordered

d. Axis Mobile App - Select Banking >> Click on Services >> Click on Savings / Current Account >> Click on New Cheque Book.

e. Internet Banking – Home >> Services >> Cheque Services >> Select Request Cheque Book >> Select Account Number & No. of Leaves >> Enter NetSecure Code received through SMS

f. ATM - Visit your nearest Axis Bank ATM Please note charges will be applicable for a cheque book as per the Savings Account type selected.

Charges for availing a Cheque Book for ASAP Digital Savings Account.

Click here to know all applicable charges for using ATMs.

Updation of details

How do I update my signature in my ASAP Digital Savings Account?

You can update your signature using these methods:

a. Axis Mobile App: Click on 3 bar menu >> Services & Support >> Insta Services >> Accounts >> Update ASAP Digital Savings Account signature >> Agree to terms and conditions >> Upload documents >> Update >> SR number is populated.

Document : Signature on white paper with black or blue ink.

b. Branch Banking : You can place a request by visiting your nearest Axis Bank Branch.

How do I update details for my ASAP Digital Savings Account?

You can update your information via the Axis Mobile App, Internet Banking or by visiting any Axis branch.

Grab deals related

What are the various products / services offered on Grab Deals?

The platform has partners across various categories to provide exclusive cashback offers for Axis Bank customers when they shop using Axis Bank credit and debit cards. To know more about our new and updated partners and their offers on the on-going basis, visit our portal axisbank.grabdeals.com

What are special offers for ASAP Digital Savings Account holder?

How to purchase a product via Grab Deals?

What kind of offers are available on Grab Deals?

Cashbacks : When you shop via Grab Deals using Axis Bank credit or debit cards, you will get exclusive cashbacks at various partners listed on Grab Deals site.

How long will it take to get the cashback?

Your cashback would be processed between 90 - 120 days from the transaction date.

Is there any limit on the amount of cashback that one can avail?

Yes, you can avail a maximum monthly combined cashback per account of Rs. 1000 for Easy Access, Prime, Liberty, Prestige, Priority & Burgundy Digital Savings Account.

If I have coupon code or extra discount offers on the partners, will I still get the cashbacks?

Yes. The cashback will be calculated on final amount paid at the partner site after coupon code/instant discount offers are applied.

Fees and Charges

Please click here to know about the fees and charges for your desired product.

Terms and Conditions

General Terms and Conditions

Savings Account is offered subject to the fulfilment of the Product eligibility criteria, applicable to all existing and new customers under the Priority scheme.

Digital Savings Account opening for existing to bank customers:

Terms and Conditions for an existing Customer:

1. As an existing customer, I understand that I have a valid and active relationship with the Bank, and I have applied for a Digital Savings Account.

2. Customer, with full awareness and liveliness, acknowledges and consents to allow the Bank to use the existing active KYC details for the limited purpose of opening the Digital Savings Account without having to perform the video KYC process during the digital account opening journey.

3. Customer understands that he/she can apply for the Digital Savings Account through the following means:

4. Customer agrees and allows the Bank to deduct his/her account balance for the purpose of initial funding of Digital Savings Account.

5. Customer understands that the initial funding amount debited will be on hold interest free till the Digital Savings Account is activated.

Terms and Conditions for Debit Card

Please click here for Debit card related terms and conditions

Aadhaar related Terms and Conditions

1. Customer understands that he/she has no objection in authenticating themself with Aadhaar based authentication system and voluntarily consent to providing their Aadhaar number, Biometric and/or One Time Pin(OTP) data (and/or any similar authentication mechanism) for the purposes of seeding their new account with NPCI mapper to enable me to receive Direct Benefit Transfer (DBT) including LPG Subsidy from Govt. of India (GOI) their my new account.

2. I hereby state that I have no objection in authenticating myself with Aadhaar based authentication system and consent to providing my Aadhaar Number, Biometric and/or (One Time Pin) OTP data (and/or any similar authentication mechanism) for Aadhaar Based authentication for the purposes of availing of the Banking Service from Axis Bank.

3. I understand that the Biometric and/or (One Time Pin) OTP (and/or any similar authentication mechanism) I may provide for authentication shall be used only for authenticating my identity through Aadhaar Authentication system for that specific transaction and for no other purposes. I understand that Axis Bank shall ensure security and confidentiality of my personal identity data provided for the purpose Aadhaar based authentication.

4. I submit my Aadhaar number and voluntarily give my consent to:

I understand that my information submitted to the bank herewith shall not be used for any purpose other than mentioned above.I hereby declare that all the above information voluntarily furnished by me is true, correct and complete.

5. The bank may disclose information about customer's account, if required or permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder/s.

6.If in case the customer do not wish to open the account through Aadhaar based authentication process, the customer can open an account by submitting physical account opening form along with his full KYC documents by visiting the nearest Axis Bank branch.

Video KYC related Terms and Conditions

1) I hereby state that I have no objection in authenticating myself with video based customer identification process (“V-CIP”). Further, I expressly consent to and authorise the Bank (whether acting by itself or through any of its service providers, and whether in automated manner or otherwise), to do and undertake any of the following, in relation to my application details including my photograph, personal data and sensitive information about me, information, papers and data relating to know your customer (KYC), credit information, and any other information whether about me or not as may be deemed relevant by the Bank (collectively, “Information”) for the purposes of (“Purposes”) via V-CIP:

a. to use devices and/or software, including the app, to record and capture my Information, interactions inclusive of video and which will be used for the Information verification and Purposes;

b. to collect the Information from me and other physical or online sources including accessing the same from credit information companies, information utilities, websites, data bases and online platforms (whether public or not); to get the authenticity, correctness, adequacy, etc. of the Information verified from any sources and persons including from online data bases; and to act for and on my behalf for such accessing, collecting or verifying of the Information including using my log in and password credentials on the online platforms; such collection, access and verification may be done without any notice to me;

c. process Information including by way of storing, structuring, organising, reproducing, copying, using, profiling, etc. as may be deemed fit by the Bank;

d. to store the Information for such period as may be required for contract, by law or for the Bank’s evidential and claims purposes, whichever is longer;

e. to share and disclose the Information to service providers, consultants, credit information companies, information utilities, other banks and financial institutions, affiliates, subsidiaries, regulators, investigating agencies, judicial, quasi-judicial and statutory authorities, or to other persons as may be necessary in connection with the contractual or legal requirements or in the legitimate interests of the Bank or as per the consent;

f. any of the aforesaid may be exercised by the Bank for the purposes mentioned above, for the purposes of credit appraisal, fraud detection, anti-money laundering obligations, for entering into contract, for direct marketing, for developing credit scoring models and business strategies, for monitoring, for evaluating and improving the quality of services and products, for other legitimate purposes or for any purposes with consent.

I hereby state that I have no objection in authenticating myself with Aadhaar based authentication system and consent to providing my Aadhaar Number, Biometric and/or (One Time Pin) OTP data (and/or any similar authentication mechanism) for Aadhaar Based authentication for the purposes of availing of the Banking Service from Axis Bank.

I understand that the Biometric and/or (One Time Pin) OTP (and/or any similar authentication mechanism) I may provide for authentication shall be used only for authenticating my identity through Aadhaar Authentication system for that specific transaction and for no other purposes. I understand that Axis Bank shall ensure security and confidentiality of my personal identity data provided for the purpose Aadhaar based authentication.

I submit my Aadhaar number and voluntarily give my consent to:

2) I expressly agree to and subject me to the automated processing, automated profiling and to the automated decision making by or on behalf of the Bank.

3) I expressly agree to the Bank and/or its affiliates for using the Information and for cross-selling to me their various products and services from time to time.

4) I hereby confirm that I have read and I hereby accept the Privacy Policy of Axis Bank Limited (“Bank”) available at.

Insurance related Terms and Conditions

Please click here for Insurance related terms and conditions

Privacy Policy

Please click here for Privacy Policy

Grab Deals Terms & Conditions

These terms and conditions (“Terms”) shall be applicable to the User (as defined hereinafter) participating in the Offer (as defined hereinafter) who agrees to be bound by the same and shall regulate the provisions of the specified products and services provided by Axis Bank Limited ("Axis Bank"). Any User participating in the Offer shall be deemed to have read, understood and accepted these terms and conditions and these Terms shall be in addition to and not in derogation of other applicable terms and conditions of any account or any other facility/services offered by Axis Bank and/or such other terms and conditions as may be specified by Axis Bank.

Definitions:

The following words and phrases shall have the meanings set out herein below in this document unless repugnant to the context:

“User" shall mean a person who is an Axis Bank savings account holder or an Axis Bank credit card holder and who shops via Grab Deals platform.

“Offer" shall mean the cashbacks or reward points that Axis Bank will provide the User upon successfully completing transactions via grabdeals.axisbank.com basis certain conditions listed under Terms of Offer below.

“Affiliate" shall mean the merchants/brands listed on Grab Deals platform.

Axis Bank Grab Deals is a platform only for display of offers extended by Affiliate/(s) to the User/(s). Axis Bank is hosting the Grab Deals platform purely for the convenience of its User’s to display the offers extended by Affiliate/(s) to the User/(s) . The products/services are being offered solely by the Affiliate/(s) and Axis Bank is not selling/rendering any of these products/services. Axis Bank is not undertaking the business of on-line retail trading or shopping by hosting the Grab Deals platform. Axis Bank will not earn any commission or any other fee upon its User/(s) viewing the offers made available by the Affiliate/(s) or purchasing/ availing of a product/service offered by the Affiliate/(s), except the customary considerations for use of credit card/debit cards/net banking facility. The User/(s) is free to purchase/avail them from any other stores/online platforms and by using any other payment mechanism. Axis Bank is merely facilitating the payment to its User/(s) by providing the Payment Gateway Services. By hosting the Grab Deals platform, Axis Bank is neither guaranteeing nor giving any warranty nor making any representation with respect to the offers made by the Affiliate/(s). Axis Bank is neither endorsing the Affiliate/(s) or any product/service nor is it responsible for sale/quality/features of the products/ services under the Offer. Any Information on the Axis Bank Grab Deals website (or the section thereof to which you will be directed) whether about the the Affiliate/(s)t or the products/services being offered have not been verified by Axis Bank. Axis Bank shall not be liable or responsible for any such information. Axis Bank will not bear any obligation or liability if a User purchases/avails of a product/service under an offer. If you choose to avail of the purchase/avail of a product/service, Axis Bank will neither be a party to nor in any manner concerned with such purchase/availment nor be liable or responsible for any act or omission of the Affiliate or the User. All product/service related queries/complaints will be addressed by the respective Affiliate only.

The website www.grabdeals.axisbank.com is powered and maintained by Vernost Marketing Technology Solutions Pvt. Ltd (“Vernost”) on behalf of Axis Bank, a company incorporated and existing in accordance with the laws of India. The following terms and conditions apply to all visitors or Users of this Website. Please read these site Terms and Conditions carefully before using this website. By accessing or using this website you explicitly agree to comply with and be bound by these site Terms and Conditions. When you access any of the sub-Site (whether belonging to an ‘associate’ of Company or otherwise) through this site, then the sub-site may have its own terms and conditions, which are specific to such sub-site.

These Terms and Conditions of use and any additional terms posted on this site together constitute the entire agreement between Company and you with respect to your use of this site.

TERMS OF OFFER

In the event of any conflict or inconsistency regarding any instructions and conditions on any advertising or promotional material relating to the Offer, these Terms and Conditions shall prevail over all such other instructions and conditions and failure by Axis Bank to enforce any of its rights at any stage does not constitute a waiver of those rights.

1% cashback offer on credit card bill payment through Digital Savings account: Terms & Condition

INFINITY Savings Account : Terms & Conditions

1. New onboarding for Infinity Savings Account has been discontinued from 13- Dec2023. Additionally, Infinity Savings Account is now renamed as AMAZE Savings Account. However, users onboarded before 13- Dec- 2023 will continue to enjoy the product features & benefits as per previously communicated TnC

2. By choosing to opt for the Infinity Savings Account with Axis Bank, customer agrees to all the terms and conditions linked to Infinity Savings Account as covered below

3. Infinity Savings Account is a fixed fee-based account where customer is required to pay a fixed amount of fee at a pre-defined interval to the bank in exchange of the benefits linked to the usage of the account