Easy Access Silver Savings Account

Senior Privilege Savings Account or Easy Access Silver Savings Account is a savings account designed for senior citizens. It provides convenient banking services for day-to-day use. Customers are required to maintain the relevant Average Monthly Balance (AMB), as defined by the bank.

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Senior Citizen FD Rates 2025
Guaranteed Return
Guaranteed Returns
Includes Life Cover
Includes Life Cover
Completely Tax Free+
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%* (Tax-Free)

Guaranteed Plan

(By Insurance companies)
4.6%* (After Tax)

Fixed Deposit

(Offered by Banks)
4.0%*

Savings Account

(Post Office)
Maximum returns Offered by Guaranteed

6.5%**

Fixed Deposits

(by SBI bank)

(5-10 Years)

6.9%***

Public Provident Fund

(other popular options)

(15 Years)
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We are rated++
rating
15.8 Crore
Registered Consumer
53
Insurance Partners
7.16 Crore
Policies Sold

What is the Axis Bank Easy Access Silver Savings Account?

Easy Access Silver Savings Account is a savings account in India, designed by Axis Bank for senior citizens. It provides day-to-day banking services along with benefits like preferential branch service, higher fixed deposit rates, healthcare discounts and digital banking facilities like internet and mobile banking. Customers can open the account by completing the applicable account opening and KYC formalities through the bank.

Features and Benefits of the Axis Bank Easy Access Silver Savings Account

The Axis Bank Easy Access Silver Savings Account offers a range of banking features and benefits designed to support the everyday banking needs of senior citizens.

  • Eligible customers receive a debit card after opening the account.
  • Internet Banking, Mobile Banking and WhatsApp Banking are available for routine banking transactions.
  • Customers can transfer funds via NEFT, RTGS, IMPS and UPI through digital banking channels.
  • Customers can access fixed deposits, recurring deposits and other banking products digitally.
  • Debit cardholders are able to withdraw cash from ATMs and make merchant transactions within the prescribed limit by the bank.
  • Customers can perform an Axis Bank Balance Check via Mobile App, Internet Banking, WhatsApp Banking, and ATMs.

Eligibility Criteria and Documents Required

Applicants should satisfy the eligibility criteria prescribed by Axis Bank Savings Account before opening the account. The requirements include:

  • Applicants should be individuals aged 57 years or above.
  • Proof of age, identity proof and address proof, along with other KYC documents as required by the bank.
  • One latest passport-size photograph.

How to Open the Axis Bank Easy Access Silver Savings Account

Customers can open the Axis Bank Easy Access Silver Savings Account online or by visiting an Axis Bank branch.

  1. Online Process

    • Go to the Axis Bank official website and mobile app.
    • Choose the Easy Access Silver Savings Account.
    • Fill in the details about yourself.
    • Make sure you complete Video KYC and identity verification.
    • Complete the application process once you read the details.

    The savings account is activated upon verification, and various digital banking services are unlocked.

  2. Offline Process

    Customers can choose the nearest Axis Bank branch and can open the account by providing all the documents and completing the KYC formalities to open any Axis Bank Savings Account.

Fees and Charges for the Axis Bank Easy Access Silver Savings Account

Particulars Details
Average Monthly Balance ₹10,000 as per location
Initial Funding ₹10,000
Debit Card Issuance ₹300 +GST
Debit Card Annual Fee ₹300 +GST
Digital Banking Services Available subject to applicable terms and conditions

Customers should refer to the latest Schedule of Charges published by Axis Bank, as fees and balance requirements may change from time to time.

FAQs

  • What is the minimum amount you need for the Easy Access Silver Savings Account?

    The Average Monthly Balance you need to maintain for the Easy Access Silver Savings Account is ₹10,000. Customers should maintain the applicable balance requirement specified by Axis Bank for their location.

  • Is the Easy Access Silver Savings Account an Axis Bank Zero Balance Account?

    No, Easy Access Silver Savings Account is different from the Axis Bank Zero Balance Account as the customer has to keep the Applicable Average Monthly Balance as mentioned by the Bank. Also, Easy Access Silver Savings Account is a special account type for senior citizens.

  • How can I perform an Axis Bank Balance Check?

    Customers can get their Axis Bank Balance Check via mobile app, Internet Banking, WhatsApp Banking, ATMs or by visiting any Axis Bank branch. This makes it one of the best savings accounts to use in daily banking.

  • How to access an Axis Bank mini statement?

    Customers may access their Axis Bank Mini Statement via mobile app, Internet Banking, ATMs, SMS Banking and other supported banking channels.
Calculators

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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