Advise on Opening a Savings Account at Axis Bank

Savings account is a powerful tool in managing your money. Sparing in the deposit is a great practice if you are saving money. It is the safest place for the funds you are sparing. With savings account, you may also earn interest from the main money you invested.

It is the goal why it is valuable and helpful to have a savings account. In India, one great pick for opening a savings account is Axis Bank.

Axis Bank, previously UTI Bank, is a private retail bank in India. The bank started its operations in 1994, when Indian government gave authorization to the new exclusive banks to be established.

The bank is a government company listed in Bombay Stock Exchange (BSE). Its major industry is focused on financial services and banking.

Axis Bank is founded in 1995 and currently, its main office is situated in Mumbai, India. Currently, its administrator is Adarsh Kishore and its Chief Executive Officer and Managing Director is Shikha Sharma.

Several of its products and services be composed of credit cards, commercial banking, venture banking, mortgages, retail banking, asset management and private banking.

If you are interested in opening a savings account in Axis Bank, you must ready the requirements earlier visiting the bank. It is really valuable you have the complete papers in order to have a fast processing of your request.

Here are the checklist of credentials you can produce as requirements for utilizing a savings account. If you want to obtain the savings account request form at Axis Bank, you can get it here.

1. In order to validate the identity, the applicant must bring photocopies and the original of any one of the following documents:

a. Voter ID Card

b. Driving License

c. Government or Defense Card

d. Passport

e. PAN Card

f. ID card issued by a reputed employer

2. To verify the evidence of address, you should bring original and photocopy of any one of the following documents:

a. Bank Account Statement

b. Letter from a creditable employer

c. Letter from any acknowledged public

d. Ration Card

e. Phone Bill

f. Salary Slip (with address)

g. Income Tax/Wealth Tax Assessment Order

h. Power bill

3. In order to know the date of birth of the customer, the preceding papers can be produced.

a. For Minor - Birth certificate issued by Gram Panchayat/ NAC (Notified Area Committee) /Municipal Corporation

b. For Senior Citizen- Passport/ Voter ID Card/ Driving License/ PAN Card/ Service Discharge Certificate/ PPO in case of Pensioner

4. Bring two current pictures (2.5 cm x 3.5 cm) and this should be fixed on the application form.

5. In instance of illiterate applicants, thumb impression to be attached and verified.

6. For launching of accounts of minors, where proof of identity or address is not available, address must be the similar with the parents or legal guardian.

Axis Bank is one of the good private banks in India which you can apply a savings account. It is not difficult to apply for a deposit account when you have the full requirements with you.

About the Author

Gil Tenorio is a finance blogger who loves writing on financial management, saving, investing and banking like on how to open a savings account at Axis Bank, you can visit India Bank blog for quality helpful articles on saving, investing and banking.