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Axis bank launches Axis infinity zero balance savings account

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Satish84
https://www.axisbank.com/retail/accounts/savings-account/digital-savings-account 

Screenshot20230830-115723ChromeThis innovative savings account provides Axis Bank customers with exclusive privileges such as a waived average monthly balance (AMB) requirement, complimentary debit cards, and a waiver of all domestic charges against a small monthly recurring fee of Rs 150 or an annual fee of Rs 1,650," according to the bank's press release.

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Top Comments
Deal Cadet Deal Cadet
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Totally Flop Product.

The PostMighty The PostMighty
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Zero balance account with initial funding of 5k and annual charges of 1650rs, do these people have any idea what a "0 balance" account means?

Benevolent Benevolent
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Deal Cadet Deal Cadet
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@romilq Supplier Aryan Khan ?
Benevolent Benevolent
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@MrThanos No Sameer Wankhede 😜
30 Comments  |  
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Deal Cadet Deal Cadet
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Totally Flop Product.

Deal Subedar Deal Subedar
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I am Kerala government employe. Is axis have any salary account with no AmC, no joining fee or no charges 

Talk-Of-The-Town Talk-Of-The-Town
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Usually salary account comes with zero savings account and zero joining fee, but it is not possible to open for individual person, you should get it done by your company

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Deal Cadet Deal Cadet
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Which variant of charas Axis management guys  take while launching this kind of products?

Benevolent Benevolent
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The strong variant! 

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Comrade Comrade
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Mumbai: Moving towards subscription-based accounts, Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance.Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender.
At present, a majority of the banks insist on a minimum balance for having a savings account, and charge holders a fee whenever the balance drops below the threshold.



http://m.economictimes.com/industry/banking/fin...
Helpful Helpful
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For a saving account - waiver of all domestic banking charges by paying an annual fee of INR 1650 ?!?!

If you hold a savings bank account (not for business/commercial purposes) where your annual banking charges are INR 1650 or above, the first thing you need to do is - change your bank! 😂

Benevolent Benevolent
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Add GST and annual charge becomes about 1950
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The PostMighty The PostMighty
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Zero balance account with initial funding of 5k and annual charges of 1650rs, do these people have any idea what a "0 balance" account means?

Benevolent Benevolent
Link Copied

Get guaranteed 10% cashback* every time you shop on Flipkart via Grab Deals

Get a ₹ 500 shopping voucher redeemable via Grab Deals on completing first Debit Card transaction using Online Rewards Card within 30 days of account opening. Choose to shop across 150+ brands

Avail a complimentary ticket on BookMyShow every month when you book through E-Debit Card

Get flat 1% cashback on all online spends through E- Debit Card

- Milestone Benefits: Get 2000 EDGE REWARD points on annual spends

₹ 1,00,000/- through E- Debit Card

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 upto 500 USD

Accelerated eDGE Reward points on Physical Online Rewards Card:

-Earn higher eDGE Reward points for transactions online and offline:

10X (Travel booking)

5X (Electronic purchase)

3X (Online food delivery)

2X (Clothing stores)

Deal Cadet Deal Cadet
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Zero Balance account with monthly fees of Rs150

LOL laughing 🤣 joy

Community Angel Community Angel
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Axis ki chamdi to maine utaari hai badiya karke fools are sitting as their top level officers  most of them are not aware of basic RBI rules or ignorant 

Wingman Wingman
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Axis bank- Tu Chal Pudhe stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye
Benevolent Benevolent
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axis bank creating new plans after smoking weeds 🤭

Helpful Helpful
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"Majority of banks insist on minimum balance" lol. 

They think their services are so exceptional that people are ready to pay 150 rs per month. People don't even pay 150 for Netflix.

Benevolent Benevolent
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if they add some kind of special benefits like extra cashback on all spends then may be it make sense.

But with this foolish plan if they think they will get a single customer then I highly doubt it 

They are lot of better options these days, looks like they have never been out of they branches and may be all the employees are old age people.

Comrade Comrade
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I personally not admire axis, it's just a new concept in the market it has its pros and cons.

Community Angel Community Angel
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Aise toh axis ka har account zero balance hai

NMC charge dete raho bas joy

Helpful Helpful
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This is what happens when top management push aggressive sales on all the employees and made all the good talented employees quit within a year. You'll only get these products from the bottom of the barrel 

Comrade Comrade
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.

Hunk Hunk
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A friend of mine is fully satisfied with this account. He was charged Rs.600 for non maintenance charges every month with some consolidated charges too. Now he said at least now the fees are fixed at Rs.150 and he is willing to pay and be at peace innocent

Benevolent Benevolent
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DM me his contact, i will suggest him other better accounts

replyuser
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