What is Axis Bank Account Minimum Balance?

If you've an account with Axis Bank or plan to open one, you’ve probably heard about the minimum balance requirement. But what is it? Minimum balance means the least money you must keep in your Axis Bank account every month. If your balance goes below this, the bank charges a fine. Let's say you have a prepaid mobile plan of ₹199 monthly. If you don’t recharge, your calls and data stop. Same with Axis Bank, don’t maintain the Axis Bank account minimum balance, and the bank will deduct charges.

Axis Bank Saving Account

Axis Bank offers many types of savings accounts. Each one helps you save money safely and earn interest. The minimum balance you need to keep depends on the account type. There is no upper limit for savings; you can deposit as much as you want. Here a some of the popular Axis Bank savings accounts:

Basic Savings Account

• No need to maintain a minimum balance.
• Free cash deposits at branches.
• Comes with a RuPay debit card, mobile banking, and net banking.
• Access to all Axis Bank ATMs and branches across India.

Good for: Students, pensioners, or anyone who doesn’t want to worry about a minimum balance.

Easy Access Saving Account

• Low opening deposit.
• Secure Plus debit card.
• Personal accident insurance cover.
• Do all your banking easily using the Axis Mobile App or internet banking.

Good for: People who want simple digital banking.

Senior privilege saving account

• Specially for senior citizens.
• 24/7 banking help.
• Low opening deposit.
• Bill payment facility at branches.
• Extra 0.75% interest on fixed/recurring deposits.
• Power debit card and insurance cover up to ₹2 lakh.
• Senior ID card for priority service at branches.

Good for: Senior citizens who want extra care and benefits.

Prestige Saving Account

• Premium account with added benefits.
• Prestige debit card gives ₹1,500 cashback per quarter on shopping, fuel, and travel.
• 24/7 banking help.
• Discounted locker pricing.
• Extra entertainment benefits.

Good for: People who want cashback and premium services

Liberty Savings Account

• Keep a ₹25,000 minimum balance or spend ₹25,000 every month.
• 5% flat cashback on weekends on food, shopping, travel, and entertainment with the Liberty debit card.

Good for: Young professionals who spend regularly.

Priority Digital Saving Account

• Comes with an Axis Bank instant virtual debit card.
• 1% cashback on online spending.
• Extra offers on travel, lifestyle, and shopping.

Good for: People who prefer online shopping and digital banking.

Burgundy Digital Savings Account

• Mainly for NRIs (Non-Resident Indians).
• Available in NRE and NRO variants.
• Wealth management services.
• Free airport lounge access.
• Other premium benefits.

Good for: NRIs looking for premium banking in India.

Other Savings Accounts

Axis Bank also offers:

• Women’s Savings Account
• Future Stars Savings Account (for kids)
• Infinity Savings Account
• Youth Savings Account
• Prime Savings Account
• Pension Savings Account

Each account has its own benefits based on who it’s meant for.

Axis Bank Minimum Balance for Savings Account

Different Axis Bank savings accounts need different minimum balances. Here’s a quick table to help you:

Account Types	Applicable charges
Burgundy Digital Savings Account	₹10,00,000 (Quarterly Average Balance)
Prestige Savings Account	₹75,000 (Month Average
Liberty Savings Account	₹25,000 (Per Month
Priority Digital Savings Account	₹2,00,000 Quarterly Average
Basic Savings Account	Nil
Senior Privilege Saving Account	₹12,000 (metro/urban), ₹5,000 (Semi-Urban), ₹2,500 (Rural)
Easy Access Savings Account	₹12,000 (metro/urban), ₹5,000 (Semi-Urban), ₹2,500 (Rural)

Axis Bank Penalty for Not Maintaining Minimum Balance

If you don’t keep the required minimum balance, Axis Bank will charge you a penalty. The charges depend on the account type and how much shortfall there is.

Account Types	Applicable charges
Burgundy Digital Savings Account	No penalty (N/A)
Prestige Savings Account	₹600
Liberty Savings Account	₹250 to ₹600 (varies based on shortfall)
Priority Digital Savings Account	₹600 flat
Basic Savings Account	No penalty (zero balance account)
Senior Privilege Saving Account	₹50 to ₹600 (Metro/Urban, based on shortfall) ₹50 to ₹300 (Semi-Urban) ₹75 to ₹150 (Rural)
Easy Access Savings Account	₹50 to ₹600 (Metro/Urban, based on shortfall) ₹50 to ₹300 (Semi-Urban) ₹75 to ₹150 (Rural)

Axis Bank Saving Account Charges and Fees

Axis Bank applies certain service charges on savings accounts. These depend on the transaction type. Below is a simple table:

Particular	Types of Account	Applicable fees
Branch RTGS charges	All savings accounts except Basic Savings & Burgundy	₹20 for ₹2 lakh to ₹5 lakh ₹45 for above ₹5 lakh
Branch NEFT charges	All savings accounts except Basic Savings & Burgundy	Up to ₹10,000 - ₹2 ₹10,001 to ₹1 lakh - ₹4 ₹1,00,001 to ₹2 lakh - ₹14 Above ₹2 lakh - ₹24
Cheque Return (Financial Reasons)	All savings accounts except Burgundy	1st return - ₹500 2nd return onward - ₹550
Cheque Return (Non-financial reasons)	All savings accounts except Burgundy	₹150 per return
Demand Draft (DD) Issuance	All savings accounts except Burgundy	₹50 per draft
NACH Debit Failure	All savings accounts except Burgundy	1st failure - ₹500 2nd failure onward - ₹550
Deliverable Return Charges (Cash Handling)	All savings accounts except Burgundy	₹5 per ₹1000 (minimum ₹75, maximum ₹7500 to ₹15000 depending on the amount)

Transaction limit of Axis Bank Savings Account

Axis Bank sets certain limits for cash transactions on savings accounts:

Particulars	Monthly Withdrawal Limits
Free monthly third-party cash transactions	₹25,000 per month
After free limit (third-party)	₹10 per ₹1,000 or part thereof (minimum ₹150)
Monthly free cash transaction count (deposit + withdrawal)	4 transactions (maximum ₹1,00,000 total)

Interest Rate of Axis Bank Saving Account

Axis Bank pays interest on the balance you keep in your savings account:

Account Balance	Interest Rate
Less than ₹50 Lakh	3.00% Per Annum
₹50 Lakh to less than ₹2,000 Cr.	3.50% Per Annum
₹2,000 Cr. and Above	Overnight MINOR + 0.70%

Axis Bank Current Account

This offers many types of current accounts for businesses, professionals, and traders. Each account is designed for different business needs. The minimum balance you need to maintain depends on the account type. Here’s a quick look at the popular options:

Normal Current Account

• Suitable for businesses that need simple banking.
• Free cash deposits at home branch every month.
• Free non-home branch cash deposits (limits may apply).
• Unlimited daily inter-city cash withdrawals.

Best for: Businesses that need regular fund transfers and cash handling.

Local Current Account

• Meant for local businesses with smaller transactions.
• Comes with free transactions (within set limits).
• Eligible for Axis eDGE reward points.
• Zero balance facility (terms apply).
• Rebates on annual charges.

Best for: Small businesses operating in one city or region.

Business Advantages Current Account

• Designed for medium to large businesses.
• Higher minimum balance requirement (₹25,000 monthly average).
• Extra features to meet growing business banking needs.

Best for: Businesses needing advanced banking services and higher transaction limits.

Axis Bank Minimum Balance for Current Account

The minimum balance for Axis Bank current accounts depends on the account type and location of the branch.

Account Types	Applicable charges
Normal Current Account	₹15,000 Monthly Average (Metro/Urban) ₹7,500 Monthly Average (Semi-Urban/Rural) Free cash deposit limit: ₹2,00,000
Local Current Account	₹25,000 Monthly Average
Business Advantage Current Account	No fixed minimum balance (varies by business and package chosen)

Conclusion

In conclusion, Axis Bank minimum balance rules are simple. Just keep the required amount, and you won’t face charges. If you want no tension, pick a zero balance account. Track your balance the same way you track your share market investments