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Axis Bank Introduces ‘Infinity Savings Account’ with Zero Domestic Transaction Fees

Axis Bank, a prominent player in India’s private banking sector, has taken a groundbreaking step by launching the ‘Infinity Savings Account.’ This innovative savings account variant is designed to cater to the needs of digitally savvy customers who are avid users of subscription-based services. With the ‘Infinity Savings Account,’ Axis Bank is set to redefine the banking experience, offering exclusive privileges and removing barriers that traditionally accompanied banking services.

Exclusive Privileges for Discerning Customers: Enjoy a Worry-Free Banking Experience

The ‘Infinity Savings Account’ comes with a range of exclusive privileges that aim to provide customers with a seamless and transparent banking journey.

These privileges include:

  1. No Minimum Balance Requirement: Say goodbye to the pressure of maintaining a minimum balance. The ‘Infinity Savings Account’ eliminates the need for customers to meet any average monthly balance (AMB) criteria.

  2. Zero Domestic Transaction Fees: With the ‘Infinity Savings Account,’ customers can perform domestic transactions without worrying about incurring any charges. All domestic transactional fees are waived, ensuring a cost-effective banking experience.
  3. Complimentary Debit Card & Unlimited ATM Withdrawals: Customers can enjoy the convenience of a complimentary debit card that opens the door to unlimited ATM withdrawals, making access to funds hassle-free.
  4. No Charges on Chequebook Usage or Transactions/Above-Limit Withdrawals: The ‘Infinity Savings Account’ liberates customers from charges related to chequebook usage and transactions that exceed predefined limits. It’s all about transparent banking at its finest.

Flexible Subscription Plans: Your Choice, Your Convenience

Axis Bank introduces flexibility in subscription plans to cater to diverse customer preferences:

  • Monthly Plan: For those who prefer short-term commitments, the monthly plan offers Infinity benefits for six months. At an inclusive fee of Rs150 (plus GST), customers can enjoy all the advantages of the ‘Infinity Savings Account.’ The subscription continues on a 30-day cycle, with automatic deductions every 30 days after the initial six months.

  • Annual Plan: For customers seeking long-term benefits, the annual plan presents a cost-effective solution. Priced at Rs1650 (plus GST), this plan grants Infinity benefits for a span of 360 days. The plan seamlessly renews after the specified period, ensuring uninterrupted access to exclusive privileges.

Seamless Digital Account Opening: Embracing Technology for Convenience

In line with the digital age, Axis Bank facilitates a seamless account opening process for the ‘Infinity Savings Account.’ Through the Video KYC process, customers can open their accounts entirely online, eliminating the need for physical visits to the bank.

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