Axis Bank Limited, originally known as UTI Bank, is a Mumbai-based Indian banking and financial services corporation. It sells financial services to large and mid-sized corporations, small organisations and retail firms. Axis Bank offers an extensive range of financial products to cope with customers' varying needs. Broadly these products are classified into two categories i.e. Retail, Agri and Rural.
Products offered by Axis Bank
- Home Loan
|Loan Amount||:||₹5L - ₹1Cr|
|Interest Rate||:||6.75% - 11.5%|
|Processing Fee||:||Up to 1%|
- Personal Loan
|Loan Amount||:||₹50K - ₹15L|
|Processing Fee||:||Up to 2%|
- Loan Against Property
|Loan Amount||:||₹5L - ₹5Cr|
|Interest Rate||:||11.75% - 12.75%|
|Processing Fee||:||1% - 2%|
- Business Loan
|Loan Amount||:||₹50K - ₹50L|
|Interest Rate||:||14.25% - 18.5%|
|Processing Fee||:||Up to 2%|
|Products||Interest Rate||Processing Fee||Loan Amount/Tenure|
6.75% - 11.5%
Up to 1%
₹5L - ₹1Cr
Tenure(1 - 2 Years)
Up to 2%
₹50K - ₹15L
Tenure(1 - 5 Years)
|Loan Against Property|
11.75% - 12.75%
1% - 2%
₹5L - ₹5Cr
Tenure(Up to 20 Years)
14.25% - 18.5%
Up to 2%
₹50K - ₹50L
Tenure(0 - 3 Years)
Features and Benefits of Axis Bank
- Axis Bank has a modest eligibility condition for applying for a loan.
- Axis Bank offers the most competitive interest rates compared to other lenders.
- While providing you with a loan, the organization only asks for a few documents.
- You can unlock numerous banking services by providing minimal documents.
- Offers hassle-free and quick approval through an online portal.
- Axis Mobile application eases numerous bank associated tasks such as transactions, statements, balance, and much more.
- Throughout the loan application procedure, Axis Bank maintains the highest level of transparency.
- Many people consider Axis Bank to be a reliable partner because it assists you in finding the best product to meet your financial needs.
- This financial institution has a solid reputation for providing excellent customer service.
- You can reach out to their customer service team via phone, email, or a smartphone app.
Axis Bank Overview
Axis Bank Limited, originally known as UTI Bank, is a Mumbai-based Indian banking and financial services corporation. It sells financial services to large and mid-sized corporations, small organisations and retail firms. The bank began operations as UTI on December 3, 1993, with a registered office in Ahmedabad and a corporate headquarters in Mumbai. Manmohan Singh, India's former finance minister, inaugurated the first branch in Ahmedabad on April 2, 1994. UTI Bank changed its name to Axis Bank on July 30, 2007. Right from that time, Axis Bank has been serving its customers with top-notch Retail Banking, Corporate Banking and International Banking services.
In India, Axis Bank ranks third in the list of largest private sector banks. The bank caters to a wide range of customer groups, including large and medium-sized businesses, agriculture, and retail businesses. Earlier, the bank had 4,594 domestic branches (together with extension counters), 11,333 ATMs, and 5,710 cash recyclers dispersed across the country. So far, the bank possesses six virtual centres and around 1500 virtual relationship managers.
Overseas operations are dispersed among eight worldwide offices, including branches in Singapore, Dubai (at DIFC), Gift City-IBU, as well as representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah, and an overseas subsidiary in London. The foreign operation offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses.
Products Offered by Axis Bank
Axis Bank offers an extensive range of financial products to cope with customers' varying needs. Broadly these products are classified into two categories i.e. Retail, Agri and Rural. Here is a list of products offered by Axis Bank:
1. Retail Products
With the world becoming cashless, having a bank account has become a requirement rather than a choice. Having a bank account effectively means that your money is safe 24 hours a day, seven days a week. However, security isn't the only benefit that Axis Bank provides. You may earn interest on savings, make quick payments, and keep track of all of your bills online.
|Savings Account||Salary Account||Current Account||Safe Deposit Locker|
|To meet your banking needs, choose from a range of accounts.||Allow employees easy access to their pay with a variety of options.||Make as many withdrawals and deposits as your corporation needs.||Choose the size of your locker and keep your things safe.|
|Safe Custody||National Pension System (NPS)||Pension Disbursement Account||Sukanya Samriddhi Yojana|
|Keep documents along with other valuables in a secure location.||With this investment option, you can ensure a steady income in your latter years.||Easily manage your pension payments.||Save to fulfil financial needs such as a girl child's schooling and marriage.|
If you want to invest your money, bank deposits is foremost option, and for good reason: the high interest rates and low risk factor ensure that your funds are safe.
|Digital Fixed Deposits||Fixed Deposits||Recurring Deposits|
|In minutes, you can open a Digital Fixed Deposit without a savings account.||Fixed Deposits are a great way to save and increase your money.||Make use of funds set aside each month for key events.|
|Tax Saver Fixed Deposits||Auto Fixed Deposits||Fixed Deposit Plus|
|Invest and save associated taxes!||Money is automatically transferred from a savings account to a fixed deposit.||Get a better return on your lump-sum money! Premature withdrawal is not permissible.|
|Credit Cards||Debit Cards||Prepaid Cards|
|With Axis Bank Credit Cards, you can get incredible discounts and reward offer.||Get secure access to funds at any time and from any location!||With these pre-paid cards, you may give gifts to loved ones or reward your employees!|
|Transit Cards||Commercial Credit Card||Commercial Debit Card|
|With Axis Bank's all-in-one smart card, shop and travel with ease!||With Axis Bank's Commercial Credit Cards, unlock better management of the company's costs.||Commercial Debit Cards provide simple travel solutions and expense management facilities.|
Axis Bank believe that your life journey should be free of speed bumps. That is why it offers personalized Bank Loans with low interest rates. To get started, use loan calculators to determine your loan eligibility.
|Home Loan||Personal Loan||Business Laon|
|Depending on your requirements, you can choose from a variety of house loans.||Take out a personal loan for a vacation, a house renovation, or a wedding at a low-interest rate.||Expand your business with less paperwork and rapid approvals.|
|Car Loan||Two Wheeler Loan||24*7 Loan Against Securities|
|A high Loan To Value Ratio can help you get a car loan.||With no money down and low-interest rates, it's possible to get a loan with no money down.||It is available 24 hours a day, 7 days a week, with interest payable only on the amount borrowed and no pre-payment penalties.|
|Commercial Vehicle Construction Equipment Loan||Education Loan||Loan Against Property|
|Offered for the acquisition of pre-owned commercial vehicles or the refinancing of previously owned cars.||Education Loans are offered for a number of courses and are disbursed quickly.||With a Loan Against Property, you can get a flexible payback period of up to 20 years.|
|Gold Loan||Loan Against FD||Holiday Laon|
|Get the most out of your gold by taking advantage of the finest interest rates available.||Take advantage of low-interest rates on your loan.||Obtain a loan ranging from INR 50,000 to INR 15,00,000|
|Life Insurance||General Insurance||Health Insurance|
|Protect your family from the unexpected and provide for their financial needs by purchasing life insurance tailored to your needs and stage of life.||With Axis Bank’s selection of general insurance products, you can protect your valued things - automobile, two-wheeler, home, and business - and travel with ease.||With Axis Bank’s health insurance products, you can be financially prepared in the event of a medical or accident emergency.|
|Pradhan Mantri Suraksha Bima Yojana||Pradhan Mantri Jeevan Jyoti Bima Yojana|
|Invest in the Pradhan Mantri Suraksha Bima Yojna and be prepared for the unexpected.||A one-year renewable non-linked non-participating group term insurance plan.|
|Mutual Funds||Discover the best-performing mutual funds and invest in SIPs with ease.|
|Demat Account||An account that allows you to easily transform your physical possessions into electronic form for trade and convenient access.|
|RBI Floating Rate Savings Bonds 2020||Make low-risk investments that are convenient.|
|Public Provident Fund||Invest in a long-term savings instrument that offers tax benefits on both principal and interest.|
|Atal Pension Yojna||This scheme, which is administered by NPS and distributed by banks, can help you meet your retirement goals.|
|IPO Smart||Invest in initial public offerings (IPOs) without releasing your assets and continue to earn interest on them.|
|Axis Direct||An intuitive, easy-to-use portal for making informed investment decisions based on thorough research and analysis.|
2. Agri and Rural Products
To fulfill the financial obligations of the farmers, Axis Bank offers an array of agri and rural products including loans, microfinance and financial inclusions.
|Farmer Funding||Loans for Agri Traders and Processors||Warehouse Receipt Loans||MSME Samriddhi Loans|
|A facility that attempts to give farmers with timely loans to cover all of their farming, farm maintenance as well as investment needs.||Axis Bank offers Agri Traders & Processors Loans with enticing features and perks.||To eliminate distress sales throughout harvest and neutralize seasonality, Axis Bank offers a customer-friendly loan facility.||For your non-agribusiness needs, Axis Bank offers a ready financing facility.|
|Tractor Loans||Gold loan||Microfinance||Surrogate Products for Rural Enterprises|
|Get the most competitive rates and a variety of appealing options on tractor loans.||Quick gold loans with low-interest rates and flexible repayment options.||Axis Bank provides microfinance to people from low-income families to assist them to support their Agri business.||Loans offering for Agri and MSME, Traders & Processors with a slew of attractive features and benefits.|
Services Offered by Axis Bank
|Retail Banking||International Banking||Corporate Banking|
|Individuals and small businesses can take advantage of the bank's lending services, as well as liability products, card services, Internet banking, automated teller machine (ATM) services, depository, financial advising, and non-resident Indian (NRI) services. The RBI's list of NEFT-enabled participating banks includes Axis Bank.||Through its branches in Singapore, Hong Kong, DIFC, Shanghai, and Colombo, the bank provides corporate banking, trade finance, treasury, risk management services, and retail liability products. In 2015, the representative office in Dhaka was established.||
1) Transaction Banking
On behalf of the Indian government and various state governments, Axis Bank provides transaction banking products and services to customers in the areas of current accounts, cash management, capital market services, trade, foreign exchange, cross-border trade, correspondent banking services, and tax collections.
2) Investment Banking and Trustee Services
Through its owned subsidiaries, the bank provides investment banking services together with trusteeship services. Axis Capital Limited is an investment banking firm that specializes in equity capital markets, institutional stock brokerage, mergers and acquisitions advising.
Corporate Office Address
Axis Bank Limited, ‘Axis House’, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai, Pincode: 400 025
|Contact Number||For Retail Products||For Agri and Rural Products|
|+91-22-24252525||1 - 860 - 419 - 5555||1 - 800 - 419 - 5577|
|+91-22-24251800||1 - 860 - 500- 5555|
NRI Phone Banking Numbers
|USA||1855 205 5577|
|Saudi Arabia||800 850 0000|
|UK||0808 178 5040|
|UAE||8000 3570 3218|
|Singapore||800 1206 355|
|Qatar||00 800 100 348|
|Canada||1855 436 0726|
|Australia||1800 153 861|
|(Non -Toll Free)||+91 40 67174100|
|For queries associated to Bank Account||[email protected]|
|Queries associated with Credit Cards||[email protected]|
|Loan-related queries||[email protected]|
|Merchant Services||[email protected]|
|For NRI Clients||[email protected]|
From refinancing to reducing your interest, we have the answers right here.
Can I open an Axis Bank account online?
Yes, you can open an Asian Bank account online through their official website. The procedure is quick and seamless. You just need to enter a few details, including your name, PAN number, address, DOB, etc. In addition, attach the scanned copies of the required documents.
Can I open a bank account in Axis Bank with zero balance?
Axis Bank offers a wide range of savings bank accounts to cope with their customers’ distinct needs. From a Digital Savings Account to a Basic Savings Account, choose the one that best fits your requirements with a zero-balance feature.
How do I register for Axis Bank net banking online?
The Axis Bank allows its customers to register for net banking services online through their official portal. Go through the internet banking page and log in using your credentials, i.e., your Customer ID or phone number mentioned on your passbook.
You will be redirected to another page asking for details associated with your debit card. Enter specified details including, debit card number, pin, expiry date, and CVV. Accept the terms and conditions to move further with the procedure.
Set your password for net banking and validate the same. You will get the confirmation message on your registered mobile number.
What is the Axis Bank Ltd. IFSC Code List?
The Axis Bank Ltd. IFSC Code list contains the bank’s IFSC codes of its branches in metropolitan cities, like New Delhi: UTIB0000049, Gurgaon: UTIB0000540, Maharashtra: UTIB0000592 and West Bengal: UTIB0001926.
What is the minimum balance in Axis Bank?
For seamless transaction processing, you need to maintain a minimum balance within the account. However, the minimum balance that you need to maintain may vary on the basis of the type of Axis Bank savings account you have. In general, the minimum balance falls in the range of INR 2,500 to INR 1,00,000.
What is mPIN in Axis Bank?
The mPIN (Mobile Banking Personal Identification Number) in Axis Bank is a numeric code of 4 digits. This code is mandatory for making mobile transactions. The mPIN has been designed to cater secure transactions. It is recommended to change this pin frequently.
What KYC documents will I have to submit to apply for a loan from Axis Bank?
Axis Bank asks for certain KYC documents, including identity proof, residence proof and age proof.
How do I find my MPIN number?
You can easily get your mPIN number through Axis Bank mobile application. All you have to do is login to your Axis Bank mobile app and click on Forgot mPIN and enter the required details. Set an mPIN that you can easily memorise.
How can I get the Axis Bank SWIFT code?
You can easily get your Axis Bank SWIFT code either via its mobile app or your bank statement. The bank statement enlists the SWIFT code associated with your bank account in the top section. The pre-set format for SWIFT code is AXCPINB1XXX, where XXX is determined based upon the type of account
What benefits does Axis Bank provide on loans?
Axis Bank offers certain benefits on all types of loans, such as minimal documentation, quick approval, online KYC, best interest rates and flexible loan tenure.
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