AMAZE, a Zero Balance Savings Account is a stress-free banking solution for all your banking needs, with the added benefits of uninterrupted banking transactions. Our 0 Balance Savings Account is designed to help you save more.
Benefit from our 250+ banking services, rewards worth ₹11,000 and high accessibility through our Mobile Banking App, Open and Internet Banking. What's more? Enjoy free domestic transactions, welcome benefits on food, entertainment and travel, free money withdrawals, and much more at just a monthly fee of ₹200.
Open an online Zero Balance Account with Axis Bank now to experience convenience and attractive benefits.
Benefits of AMAZE Zero Balance Savings Account
Zero Balance Account @ ₹200/p.m. or ₹2,200/p.a.
Welcome Benefits and Annual Rewards worth ₹11,000
No Charges on all Domestic Transactions including No Charges on ATM Withdrawals from any Bank's ATM
Free Debit Card, Chequebook & more
2000 Edge Rewards points on spending ₹20,000/month
250+ Banking Services
Detailed Benefits of AMAZE Zero Balance Savings Account
- Get 3 months Amazon Prime Membership worth ₹599 on completing first Debit Card transaction using Online Rewards Card within 30 days of account opening. T&C* Apply
- Get 10 complimentary movie tickets worth Rs. 4000 valid for 5 months on completing first Debit Card transaction using Online Rewards Debit Card within 30 days of account opening. T&C apply
- Get 3 months Swiggy One membership worth ₹400 and Swiggy dineout voucher worth ₹500 on completing first Debit Card transaction using Online Rewards Card within 30 days of account opening. T&C* Apply
- Get discounted ride package from Uber worth ₹500 on completing first Debit Card transaction using Online Rewards Card within 30 days of account opening. T&C* Apply
- Annual Rewards: Get 2000 EDGE REWARD points every month on spends of ₹20,000 via Online Rewards or E Rewards Debit Card & UPI Merchant Payments made via Axis Pay or Mobile Banking App, ‘open’ by Axis Bank. *T&C Apply
- Insurance Benefits on Physical Online Rewards Card:
- Personal Accident Cover of ₹5,00,000
- Air accident cover of ₹1 crore
- Purchase Protection cover of ₹50,000
- Loss of Baggage/Delayed Baggage Cover of up to USD 500
- *T&C Apply
Open AMAZE Zero Balance Savings Account in Four Easy Steps
Verify your identity using PAN and Aadhaar
Provide your information
Fulfill your KYC requirements through a video call
Deposit funds into your account
A Zero Balance Savings Account offers numerous advantages, providing financial accessibility and convenience. Embrace the Zero Balance account opening online process which is simple, eliminating the need for tedious paperwork. This type of account is ideal for individuals seeking basic banking services without maintaining a specific balance.
The benefits you get via the zero balance account opening online process are similar to those offered by a regular Savings Account, but without worrying about maintaining a minimum average balance or the penalty for not doing so.
Basic Requirements while opening AMAZE Zero Balance Savings Account
- A smart phone with a working camera
- You should allow the bank’s representative access to your camera and location
- You should do the initial funding through Debit Card/internet banking or UPI
- You cannot use Credit Card for initial funding
Eligibility & Documents required for AMAZE Zero Balance Savings Account
To open an AMAZE Savings Account, you have to meet the following conditions:
- You should be an Indian resident
- You should have the original PAN and Aadhaar Card
- Your PAN and Aadhaar should be linked
Balance Requirement and Charges for opening AMAZE Zero Balance Savings Account
| Initial Funding | ₹ 10,000 |
| Average Balance Requirement | NIL |
| Debit Card Joining/Annual Fees | NIL |
| Plan Charges | Monthly - ₹ 200/month (6 months minimum) Annual - ₹ 2200/year |
| Debit Card ATM Withdrawal | E-Debit Card - NA Online Rewards Card- ₹50,000 |
| Debit Card POS Withdrawal | E-Debit Card - ₹1,00,000 Online Rewards Card- ₹5,00,000 |
| Statement Copy Fees | Nil |
Blogs
- Types of Savings Accounts: Know them all
- How much money to keep in Savings Account - A comprehensive guide
- Advantages and disadvantages of Savings Account in India
AMAZE: Zero Balance Savings Account FAQs
AMAZE, a Zero Balance Savings Account, by Axis Bank is designed specifically for customers who wish to experience stress-free banking with no minimum balance maintenance. It also offers other benefits, such as annual benefits, 250+ banking services, low initial funding, and a quick opening process.
Amaze Savings Account is a zero balance account and hence there is no need to maintain any minimum amount in the account. All you need is an initial funding of Rs 10,000.
Yes, you can open Zero Balance Saving Account as a joint account.
The interest rates as per existing norms and regulations are calculated on the daily balance and the interest is paid out on a quarterly basis.
The interest earned is paid out on a quarterly basis.
You will receive the AMAZE Savings Account statements on a monthly basis
Yes, you will get an instant virtual Debit Card with your AMAZE Savings Account.
No, it does not provide any complimentary Credit Card. You have to apply separately for a Credit Card. The approval is based on your income and credit score.
Unlike a regular account, in a Zero Balance Savings Account, you do not have to maintain a minimum balance to enjoy continuous services. Besides, this type of account requires low initial funding.
A Zero Balance Savings Account takes away the burden of maintaining a minimum balance, allowing you to manage your finances effectively. Moreover, you also get other benefits like accessibility to digital banking, account opening with a low initial deposit, rewards and annual benefits, and no fees or penalties for non-maintenance of minimum balance.
You can withdraw the initial funding of ₹10,000 once your Amaze Zero Balance Savings Account is activated.
