Axis Bank Infinity Savings Account : Axis Bank has launched a revolutionary savings account named the ‘Infinity Savings Account,’ with a particular focus on digitally adept customers who frequently engage with subscription-based models. This distinctive savings account transforms the banking experience by providing exclusive privileges while eliminating domestic charges.
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Customers opting for the ‘Axis Bank Infinity Savings Account’ will enjoy benefits such as waived Average Monthly Balance (AMB) requirements, complimentary debit cards, and the removal of all domestic charges. However, these advantages are coupled with a condition – the bank will levy a fixed monthly or annual fee.
As outlined in Axis Bank’s official statement, the monthly fee for the ‘Axis Bank Infinity Savings Account’ is Rs 150, and the annual fee is Rs 1650.
This innovative savings account can be effortlessly opened through a digital process using Video KYC. Axis Bank offers customers two flexible subscription-based plans: Monthly and Annual. The monthly plan, priced at Rs 150 (inclusive of GST), mandates a minimum subscription period of 6 months. Following the initial 6 months, the plan continues on a 30-day cycle, deducting Rs 150 every 30 days.
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The annual plan, priced at Rs 1650 (inclusive of GST), grants Infinity benefits for 360 days and undergoes automatic renewal after this period.
This banking solution is strategically designed to offer a seamless and carefree experience by removing all domestic charges, ensuring transparency and ease in banking transactions.
The Axis Bank Infinity Savings Account extends a range of advantages, including unlimited access to ATMs nationwide, the flexibility to maintain any balance without concerns of extra charges, and a plethora of supplementary perks.
Customers can also take advantage of cashback opportunities on the Axis Bank Grab Deals platform, which collaborates with 30+ partners, including Amazon, Flipkart, and Myntra. Additionally, users will receive 1% cashback on all transactions using the E Debit Card, along with linked benefits like a Rs 500 Grab Deals voucher for debit card usage within 30 days, 15% Off up to Rs 500 at Easy Diner with the Online Rewards Card, and more.
Ravi Narayanan, Group Executive and Head of Branch Banking, Retail Liabilities, and Products at Axis Bank, elucidated, “By integrating the principles of subscription-based models, we strive to offer our customers a transformative banking experience that aligns with the changing preferences and expectations of today’s consumers.”
This initiative underscores Axis Bank’s commitment to customer-centric innovation and adaptive banking solutions. For comprehensive information, interested individuals are advised to refer to Axis Bank’s official communication regarding the Axis Bank Infinity Savings Account.
