Axis Bank is one of the biggest banking networks in India and is famous for providing different types of loans and insurance schemes to its valued customers. It is one of the few banks that have adopted the means of digital banking services to provide a separate corporate account for executive purposes.
The credit/debit cards provided by the bank often offer features like free movie tickets, easy EMIs and deals on dining and travel experiences. Here, we shall discuss the credit/debit cards offered by the bank along with the various insurance schemes, loans as well as savings accounts.
Credit Cards offered by Axis Bank
- This card is protected with the EMV chip technology that vastly reduces the possibility of fraudulent use of the card.
- The card offers you a 25% cash back discount on booking of movie tickets via online movie booking portals as well as via booking directly at the box office.
- The card allows you access to 2.5% fuel surcharge waiver which can go from 400 Rs. to 4,000 Rs. worth of benefits every year.
- This card features a small joining fee of 500 Rs. The renewal fee for this card is 200 Rs. annually.
- The titanium card is the perfect expenditure companion for avid travellers.
- You can get eDGE royalty rewards via this can on spending for flight and hotel bookings.
- The card allows you to easily convert all your purchases into EMIs via a few simple clicks.
- The card features a small joining fee of 250 Rs. which will automatically be reverted back to the account on spending 2,500 Rs. within the first 45 days of the card issue.
- This card is the perfect companion for availing tonnes of lifestyle benefits. The card offers benefits of lifestyle spends like living, dining as well as luxury and entertainment purposes.
- The card allows you to monitor your spending limits via the flexible spending limits option.
- You get a complimentary Indigo Airlines voucher with this card on spending more than 6 lakh Rs. with it.
- The card can offer you up to 50% cash bank on online or box office purchase of movie tickets.
- The MY Wings Credit Card is perfect for avid travellers. This card comes loaded with benefits for air, train, bus, road, etc. travel.
- This card is protected with the EMV chip technology that vastly reduces the possibility of fraudulent use of the card.
- The card gives you access to vouchers for travel as well as hotel and holidays booking. You can get up to 500 Rs. cashback for booking a return ticket for domestic air travel.
- It always gives you access to fuel surcharge waiver benefits of up to 2.5% on fuel recharge for road travel.
- The Neo Credit Card is perfect for avid shoppers and lifestyle benefits. It offers you discounts and vouchers on online and offline shopping experiences.
- You get access to 2 eDGE royalty points on spending every 200 Rs. with the credit card.
- This card is protected with the EMV chip technology that vastly reduces the possibility of fraudulent use of the card.
- The card features a small joining fee of 250 Rs. which will automatically be reverted back to the account on spending 2,500 Rs. within the first 45 days of the card issue.
Loans offered by Axis Bank
- Axis Bank offers a variety of home loans with the interest rate for these loans starting from as low as 8.35% per annum.
- The loan features a small processing fee of only 1% of the total loaned amount.
- You can get a home loan for a tenure of up to 30 years.
- The home loan types are classified into the following types,
- Axis Bank Home Loans
- Axis Bank Happy Ending Home Loans
- Axis Empower Home Loans
- Axis Asha Home Loans
- Axis Super Saver Home Loans
- An applicant can apply for an education loan for a range from a few thousand rupees to several lakh rupees.
- For studying abroad, the maximum loaned amount can go up to 20 lakh Rs.
- For study in India for post graduate degree, a maximum loan for 10 lakh Rs. is granted.
- The amount of loan that you can receive from the bank depends upon your educational history a lot.
- The interest rate for an education loan can go from 15% to 17% depending upon the loaned amount.
- The interest rate for a personal loan is usually higher compared to the other classic loan types. The personal loan interest rates start at 11.49%.
- The processing fee for a personal loan is 2% of the total loaned amount.
- The loan amount for an individual can go from 50,000 Rs. to 15 Lakh Rs.
- You can repay the loaned amount in the following ways,
- Standing instructions
- Electronic Clearing System
- Post-Dated Cheques
- The gold loan is acquired against the security of gold ornaments.
- The bank is thorough in testing the hallmark symbols on the gold ornaments.
- The interest rate for a gold loan can go from 14.50% up to 17%.
- The processing fee for a gold loan is 1% of the total loaned amount.
- The prepayment charges for a gold loan are Nil.
- You can get a loan amount from 25,000 Rs. to 20 Lakh Rs. depending upon the amount of gold you place as a security.
- The interest rate for a car loan can go from 11% to 12 % depending upon the type of car and the loaned amount.
- The processing fee for a car loan can go from 3000 Rs. to 6000 Rs.
- You can get a loan of up to 85% of the on-road price of the vehicle.
- The loan repayment period can go from 1 year to 7 years depending upon the loaned amount.
- The minimum loaned amount for a car loan is 1 Lakh Rs.
Insurances offered by Axis Bank
- The home insurance type of insurance falls into the category of general insurance for Axis Bank. The other insurance types included under this bracket include travel insurance, motor insurance and business guard.
- The home insurance policy insures your home against damage from several natural and man-made disasters like fire, explosion, lightning, earthquake, riot/strike, etc.
- You can easily make a claim on the home insurance in a few easy steps online.
- The cover provided by the TATA AIG Home insurance starts from the immediate moment when your proposal is accepted by the bank.
- The health insurance consists of two different types of insurances under its umbrella which include, TATA AIG General Insurance and Apollo Munich Health insurance. We shall discuss the features of the more popular Apollo Munich Health insurance.
- can renew your life insurance multiple times to get the insurance for the entire life term of the policyholder.
- The insurance policy allows you to make cashless transactions in over 4000 hospitals across the country.
- You can claim the insured amount within 2 hours of making the claim.
- The premium for this insurance can go as low as just 12 Rs. per annum for every member.
- You can get up to 2 lakh Rs. of benefits via the insurance in case of the early demise of the insured policyholder.
- You get the benefits of 2 lakh Rs. of insured sum when the policyholder suffers an irrecoverable loss of sight of both eyes, hands or feet.
- You get the benefits of 1 lakh Rs. of insured sum when the policyholder suffers an irrecoverable loss of sight of one eye, hand or foot.
- The premium for this insurance policy is 330 Rs. per annum plus education cess and taxes.
- You can enrol for this insurance from 1st June every year and the period expired at 31st May of the next calendar year.
- You can get up to 2 lakh Rs, of benefits via the insurance in case of the early demise of the insured policyholder.
- This insurance policy is further divided into the following types,
- Suraksha Deposit Scheme
- Jeevan Suraksha Gift Cheque
- Jeevan Suraksha Deposit Scheme
- The insurance premiums for each of these schemes vary.
Savings Accounts offered by Axis Bank
- This bank account offers a 4% interest rate on the daily balance of the bank account paid quarterly.
- The account can be opened with a minimum opening deposit amount of 10,000 Rs. in metro cities.
- The basic savings account offers a 4% interest rate on the daily balance of the bank account paid quarterly.
- You get access to a free RuPay debit card for primary as well as joint account holders with a withdrawal limit of up to 40,000 Rs. per day.
- This bank account offers a 4% interest rate on the daily balance of the bank account paid quarterly.
- You get the benefits of carrying out unlimited transactions at every Axis Bank or non-Axis Bank ATMs with nearly zero processing fee.
- This account, as the name suggests, is designed especially for women.
- The account can be opened with a minimum opening deposit amount of 10,000 Rs. in metro cities.
- The account offers free access to SMS alerts, passbooks and internet banking facilities.
- You can withdraw up to 40,000 Rs. per day using this account. The shopping limit associated with this account is limited to 1 lakh Rs. per day.
- This account is made especially for college students who wish to attain a financial independence early in the age.
- This bank account offers a 4% interest rate on the daily balance of the bank account paid quarterly.
- You get access to a free debit card with a lost card liability to protect you against financial damages via fraudulent usage for up to 50,000 Rs.
- This account is perfect for children below the age of 18 years. This account is often linked with a major account of a parent/guardian.
- The account can be opened with a minimum balance of 2,500 Rs.
- The account offers free access to SMS alerts, passbooks and internet banking facilities.
Debit Cards offered by Axis Bank
- Purchase Limit of up to Rs. 1 Lakh per day.
- Cash Withdrawal Limit of up to 40,000 Rs. per day.
- Perfect for individuals from the age 18 years to 25 years. It helps you get discounts for shopping, spa and dining experiences.
- Purchase Limit of up to Rs. 1 Lakh per day.
- Cash Withdrawal Limit of up to 40,000 Rs. per day.
- This card is specifically given to the people who served in defence for the country.
- It provides additional benefits of up to Rs. 10 Lakh to the cardholders.
- Purchase Limit of up to Rs. 5 Lakh per day.
- Cash Withdrawal Limit of up to Rs. 2 Lakh per day.
- Access to 1 reward point for every 200 Rs. spent via the card.
- This card offers premium privileges like discounts, enhanced transaction benefits, and maximised coverage for the users.
- Purchase Limit of up to Rs. 4 Lakh per day.
- Cash Withdrawal Limit of up to 50,000 Rs. per day.
- Access to 5 reward point for every 200 Rs. spent via the card.