Axis Bank Sahaj Savings Account

What is the Axis Bank Sahaj Savings Account?

Sahaj is a paperless savings account for customers who want to begin with a small deposit. It does not require a monthly or quarterly minimum balance.

Axis Bank collects the applicant’s name, photograph, gender, date of birth and permanent address from UIDAI. These details cannot be changed during the application, so the information recorded against Aadhaar should be correct.

Individuals reviewing an Axis Bank Savings Account should also note that Sahaj Savings Account follows the Business Correspondent route rather than the bank’s standard online account-opening process.

Features and Benefits of Axis Bank Sahaj Savings Account

The Sahaj Savings Account covers the essentials needed for deposits, payments and everyday banking:

• Open the account with an initial deposit of ₹1,000.
• No monthly or quarterly minimum balance applies.
• Interest is added to the account every quarter.
• Internet Banking and the Axis Bank mobile app can be used for transfers, payments and other account activity.
• Sahaj account holders get access to more than 15,000 ATMs and over 5,100 Axis Bank branches.
• The account comes with a Mastercard Premium Debit Card.
• The card carries personal accident cover of ₹3 lakh. To keep it active, make at least one point-of-sale transaction every 90 days.
• The debit card works only at ATMs and retail outlets within India.

Additionally, while comparing a savings account in India, check whether the account-opening channel and domestic card use match your needs.

Eligibility and Documents Required for Axis Bank Sahaj Savings Account

The account is open to an individual who:

• Resides in India
• Is over 18 years old
• Has an Aadhaar number
• Has a mobile number
• Applies through a selected Business Correspondent or while taking an eligible microfinance institution loan

The applicant only needs to provide an Aadhaar number and mobile number for account opening. Axis Bank fetches the applicant’s name, photograph, gender, date of birth and permanent address from UIDAI. These details cannot be edited during the application.

The bank’s terms do not list any additional identity or address documents for the Sahaj Savings Account.

Fees and Charges for Axis Bank Sahaj Savings Account

Axis Bank lists the following account-related amounts and limits for the Sahaj Savings Account:

Accounts opened through the Business Correspondent channel also have the following daily transaction limits:

Axis Bank may stop further transactions for the day when either the amount or transaction-count limit is reached.

GST applies to service charges. Customers comparing best savings account options should also check the latest tariff linked to the account’s scheme code for charges not listed above.

How to Open the Axis Bank Sahaj Savings Account

Customers can open the Sahaj Savings Account through a selected Business Correspondent or while availing an eligible Microfinance Institution loan.

Before applying, keep the following ready:

• Aadhaar number
• Registered mobile number
• ₹1,000 opening deposit

During the application, Axis Bank fetches the applicant’s KYC details from UIDAI. These details cannot be edited during account opening.