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SAVING ACCOUNT DETAIL Power Salute Highlights Bank AXIS BANK Category Regular Minimum AQB (Average Quarterly Balance) No minimum balance Interest Rate 4% Card Offered ATM cum Debit Card Main Features At-par Cheque Facility: With the at-par cheque facility it will no longer be necessary to set up new bank accounts with each transfer. Financial Advisory Services. International Debit cum ATM Card (Photo-signature card): Free, even to the joint holder Personal Accident Insurance Cover of upto Rs 2 lacs per cardholder Cash withdrawal of upto Rs 40,000 daily Purchase protection and Zero Card Liability International Accepted at 9,00,000 ATMs and 22 million merchant establishments worldwide. Computerised Statements: class="cicle"> Free on a quarterly basis. Free monthly statements on e-mail (Customer has to register for Internet Banking). Joint Account Facility Available Flexi (2-in-1) Encash Deposits Available subject to terms and conditions. Demat Account Available Financial Advisory Services Free with daily electronic updates Power Loans: Power Homes - Housing Loans Personal Power - Personal Loans Study Power - Educational Loans Consumer Power - Consumer Loans Power Drive - Vehicle Loans Optional Gold Debit Card Access to any Bank ATM Credit Cards Available Online Trading Available Built-In Insurance (Medical and Burglary) scheme: Unique facility of availing Insurance option in built in the account available. Built-in SIP scheme: Unique facility of availing SIP option in built in the account available Priority Banking: Reduced balance criteria for availing Priority Banking that entitles you to exclusive banking and lifestyle privileges. Telebanking Free (available for 24 hours at select centers) Fund transfer facility: Transfer funds from your Salary Power account to any bank account in India free of charge. Meal Card - The best substitute for the traditional Sodexo/Accor Meal coupons/vouchers. Gift Card - Prepaid, Rupee Denominated, Non Reloadable card - Ideal for Gifting. Note: Power Salute is a special account offered to customers with regular direct salary credits coming into this account. In case, the monthly salary is not credited into the account for more than 3 consecutive months, the special features offered under Power Salute account shall stand withdrawn and the account shall be treated as Normal Savings Account under our standard charge structure and all charges shall be levied and applied as applicable to normal savings accounts.  Fees & charges   Fees & charges Overdraft interest Upto 50% of net salary at Personal Loan rates* Cash Transaction Withdrawal Rs 40000 Cash Deposit Cash deposits in other branches - 6 free inter-city cash deposit per quarter Cash withdrawal at ATMs in India At VISA/MASTERCARD enabled ATMs of partner Banks Metro/Urban - Rs 30, Gold Debit card - Nil At other VISA/MASTERCARD enabled ATMs Metro/Urban - Rs 50, Gold Debit card - Nil Cash withdrawal at ATMs in outside India At other VISA/MASTERCARD enabled ATMs Metro/Urban - Rs 125, Gold Debit card - Rs 125 Debit Card Fees Optional Gold Debit Card Balance inquiry at own bank Balance enquiry at branch - Rs 25 Balance inquiry at Other banks At VISA/MASTERCARD enabled ATMs of partner Banks Metro/Urban - Rs 10, Gold Debit card - Nil At other VISA/MASTERCARD enabled ATMs Metro/Urban - Rs 25, Gold Debit card - Nil Replacement of Debit Card Metro/Urban - Rs 95, Semi Urban - Rs 95, Gold Debit card - Rs 250 Add-on debit card Along with a free International Debit Card, you also get a free card for the joint account holder. This means that your child or spouse also enjoy the same benefits of banking with Axis Bank. Issue of DD drawn on base Bank/banks branch by cheque/transfer Free Demand Drafts drawn on Axis Bank Branches without any restrictions Statement/Duplicate Account Statement * Free on a quarterly basis * Free monthly statements on e-mail (Customer has to register for Internet Banking) Cheque Books Free multi-city at-par Cheque Book With the at-par cheque facility it will no longer be necessary to set up new bank accounts with each transfer. Outstation cheque collection Free collection, only out-of-pocket expenses to be recovered Return of Cheque a) Inward clearing i) Per instrument - Rs 350 ii) Cheque returned beyond third instrument - Rs 750 per instrument b) Outward clearing check return - Rs 100 per instrument Stop Payment for individual cheque or a range of cheques Rs 100 per instrument Rs 200 for a series of instruments (beyond 3 cheques) Closure of Account If closed within 6 months Rs 100 If closed after 6 months Nil  Services & Features   Services & Features Overdraft Facility Yes Reward Points No Internet Banking Yes Available as iConnect with enhanced features like free bill payments (eg, electricity bills) and electronic payment of premiums (LIC - Insurance Premium) at select centers Phone Banking No Mobile Banking Yes Rs 120 per annum SMS Alerts No  Eligibility Criteria   Eligibility Criteria Personnel from the following forces are eligible for this account. Retired personnel can also avail of the mentioned benefits as long as the account has been opened when in active service. * Personnel of Army, Navy, Air Force and the Coast Guard * Paramilitary Services (BSF, CRPF, NSG, NCC, Territorial Army) * Retired and Short Service Commission officers would also be eligible - provided the accounts are opened while they are in active service. * Civilians posted at Defence establishments like training schools, canteens, etc. on a permanent basis  Nomination   Nomination Available Show All Saving Accounts ACCOUNTS BY BANKS ABN AMRO Allahabad Bank Andhra Bank AXIS BANK Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Catholic Syrian Bank Central Bank of India Centurion Bank of Punjab Citi Bank City Union Bank Ltd. Coastal Local Area Bank Ltd Corporation Bank Dena Bank Deutsche Bank Development Credit Bank Ltd. Dhanlaxmi Bank Federal Bank HDFC Bank HSBC Bank ICICI Bank IDBI Bank Indian Bank Indian Overseas Bank IndusInd Bank ING Vysya Bank Jammu & Kashmir Bank Karnataka bank Karur Vysya Bank Kotak Mahindra Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank Repco Bank Royal Bank of Scotland South Indian Bank Standard Chartered Bank State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank The Lakshmi Vilas Bank Limited The Saraswat Coop Bank Ltd UCO bank Union Bank of India Vijaya Bank YES Bank COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans   EDITORS' PICKS Know if you are in CIBIL’s list of... 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