After the review of Kotak 811 account, like I told you there are other similar accounts, here I am with the review of a similar facility Axis Easy access savings account. Like we all know Axis Bank is one of the most competitive banks in the country. They have a big team of relationship managers who meet the needs of customers on time.
Features of Axis Easy Access savings account.
- Flat 3% cashback on Amazon purchases. Additionally, enjoy 5% to 15% cashback on brands across apparel & accessories, sports & travel, medicine, gifting & lots more. Offer applicable on both physical and virtual Debit Card.
- Instant virtual debit card. 1% cashback on all online spends
- Complimentary Times Prime membership with subscription to Zee5, Gaana, Curefit etc and lifestyle benefits worth Rs. 60,000
- Air – 1 cr, Personal Accident- 5 lakhs and Baggage Insurance
General Benefits on cards issued along with above account
Offers on Visa E-Debit Card (virtual) get this with all Digitally Opened Accounts
| Daily ATM limit | Cardless withdrawal enabled |
| Daily Purchase limit | Rs. 1 Lakh |
| Activation Benefit | Free Times Prime membership on successful completion of 3 transactions within 60 days of account opening (One membership per account – 3 transaction can be across both cards) |
| Entertainment Offer | 1 BOGO every month on Bookmyshow, if booked using the virtual debit card. (Capped at Rs. 200) |
| Cashback | Flat 3% and Flat 5% cashback on Amazon with Easy Access. Also, 5%-15% cashback on 20+ major brands when you shop via Grab Deals. Monthly cashback capped at Rs. 1000/- for spends on Grab Deals. -1% cashback on online spends on online spends. |
| Milestone Benefit | Renewal of Times Prime Membership on achieving annual milestone spends of Rs. 1.5 Lakh |
| Charge waiver | Charges on physical card (Online Rewards) |
| Dining Delights | Up to 20% off at 4000+ partner restaurants in India (via Tap and Pay) Click here for the list of partner restaurants |
Offers on Visa Online Rewards Card (physical)
| Daily ATM limit | Rs. 50,000 |
| Daily Purchase limit | Rs. 5 Lakh |
| Entertainment Benefit | 10% discount on BookMyShow |
| Cashback | Flat 3% and 5% cashback on Amazon with Easy Access along with 5% to 15% cashback on 20+ major brands when you shop via Grab Deals. Monthly cashback capped at Rs 1000/- for spends on Grab Deals. |
| Edge Reward Points | 3 points for every Rs. 200 spent online 1 point for every Rs. 200 spent offline |
| Insurance | -Personal Accident cover of Rs. 5,00,000 -Air Accident cover of Rs. 1 Crore -Purchase Protection cover of Rs. 50,000 -Loss of Baggage/Delayed Baggage cover upto 500 USD |
| Dining Delights | Up to 20% off at 4000+ partner restaurants in India Click here for the list of partner restaurants |
Card fee of Rs 500 is charged initially
Initial funding of Rs.15,000 and a card fee of Rs.500 (plus taxes). Maintain an average monthly balance of Rs. 10,000/5,000/2,500 (according to regions).
Read : Documents for a Housing Loan
Tips to keep in mind while applying for the Digital Savings Account
- Tip
Ensure that you have a strong and secure internet connection through the entire application process.
- Tip 2
Keep the Documents you are using for verification such as your PAN, Aadhaar Card as well as the means you are using to fund your account (Debit Card/Netbanking details) handy while initiating application.
- Tip 3
Remember to have your Aadhaar and mobile number linked before applying for a Digital Savings Account.
- Tip 4
Use a device (Desktop/Laptop/Mobile phone) with a camera and microphone feature while applying, to complete your video KYC.
- Tip 5
As per RBI guidelines, It’s important to be in India when applying for Digital accounts. Giving location access is compulsory to check the same while initiating account creation journey.
Reviews
- Best Suited for online shopping/use
- Easy way to open and access. Account activated in 60 minutes.
- Initial balance of Rs 15000 may be too high for some of us.
