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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 limitCardless withdrawal enabled
Daily Purchase limitRs. 1 Lakh
Activation BenefitFree 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 Offer1 BOGO every month on Bookmyshow, if booked using the virtual debit card. (Capped at Rs. 200)
CashbackFlat 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 BenefitRenewal of Times Prime Membership on achieving annual milestone spends of Rs. 1.5 Lakh
Charge waiverCharges on physical card (Online Rewards)
Dining DelightsUp 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 limitRs. 50,000
Daily Purchase limitRs. 5 Lakh
Entertainment Benefit10% discount on BookMyShow
CashbackFlat 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 Points3 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 DelightsUp 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.

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