Axis Bank Zero Balance Account is a type of savings account offered by Axis Bank, one of the leading private sector banks in India, which allows customers to maintain a zero balance in their account.
This account is designed for customers who may not be able to maintain a minimum balance requirement due to financial constraints or other reasons, making it a convenient option for hassle-free banking.
Axis Bank Zero Balance Account can be opened by individuals, including resident Indians, non-resident Indians (NRIs), and minors (with a guardian), as well as Hindu Undivided Families (HUFs).
There is no requirement to maintain any minimum balance in the Axis Bank Zero Balance Account, providing customers with flexibility and ease of banking.
Axis Bank Zero Balance Account comes with basic banking facilities such as deposit and withdrawal of money, fund transfers, bill payments, and more, making it a functional savings account option.
Customers can also avail of a debit card with the Axis Bank Zero Balance Account, which can be used for ATM withdrawals, point of sale (POS) transactions, and online payments, adding to the convenience of banking transactions.
Axis Bank Zero Balance Account may have certain limitations, such as restrictions on the number of transactions, withdrawal limits, and features, as compared to regular savings accounts offered by the bank.
Customers can access their Axis Bank Zero Balance Account through various channels, including Axis Bank branches, ATMs, mobile banking, internet banking, and phone banking, providing flexibility in banking options.
Axis Bank Zero Balance Account may also offer additional benefits such as interest on savings deposits, accidental insurance coverage, and access to other banking products and services, depending on the specific variant or type of Zero Balance Account offered by the bank.
Customers should review the terms and conditions, fees, and charges associated with the Axis Bank Zero Balance Account, and compare it with other savings account options, to determine if it meets their banking needs and requirements.