Guidance needed regarding Axis Bank Savings Account

[sayantandas]

I am interested to open a savings bank account with Axis Bank especially the Liberty Savings Account but deterred seeing no many negative reviews and suggestions from people about the high charges, monthly account maintenance charge even after maintaining amb, consolidated charges, sms charges, etc.
Please suggest and guide me if it would be a good option to open Axis bank account or I should completely avoid it.
PS: I do hold a credit card relation with Axis bank
Thank you!

 

[helloworld]

Thread 'Axis Bank Liberty Savings Account Benefits'

Jul 8, 2022

Axis Liberty Savings Account is the Best Savings for those who can

Spend 10,000 INR Per month On Food, Entertainment, Shopping and Travel via Axis Liberty Debit Card
and
Spend 15,000 INR Per Month at any Merchant ** via UPI or Axis Liberty Debit Card.

If we Fulfill Above Spending Criteria We get following Benifits in return with Maximized Savings:-

■
A Zero Balance Account.

Condition:-
Merchant Spends** of 25k/Month is required to get NMC Waiver for that Particular Month.

■
A Voucher of 750 INR per Quarter.

Condition:-
Merchant Spends** of 60k/Quarter is Required.

Redemption...

• VISHESH_BANSAL
• axis
• Replies: 6,767
• Forum: Bank Account

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: )

 

[NAB]

Banking experience is always different for everyone. It highly depends on the Branch and Staff. If you feel the branch and people there are good, go ahead.

It also depends on what do you expect from your account. For example, Cashback, Premium Debit Card, Top notch internet and mobile banking, high interest rates, lower loan rates, offline branch services, etc.

So, it depends on all such factors. If possible share your expectations and criteria. So people can suggest accordingly.

 

[S9100]

I am interested to open a savings bank account with Axis Bank especially the Liberty Savings Account but deterred seeing no many negative reviews and suggestions from people about the high charges, monthly account maintenance charge even after maintaining amb, consolidated charges, sms charges, etc.
Please suggest and guide me if it would be a good option to open Axis bank account or I should completely avoid it.
PS: I do hold a credit card relation with Axis bank
Thank you!

Axis is difficult to deal with but rewarding. Go for it if you have some time and patience.

 

[sunit123]

Axis & Indusind are SBI of Private banks.

 

[SSV]

I am interested to open a savings bank account with Axis Bank especially the Liberty Savings Account but deterred seeing no many negative reviews and suggestions from people about the high charges, monthly account maintenance charge even after maintaining amb, consolidated charges, sms charges, etc.
Please suggest and guide me if it would be a good option to open Axis bank account or I should completely avoid it.
PS: I do hold a credit card relation with Axis bank
Thank you!

Basic question..
What is your purpose / aim ( anticipated benefit) of opening this axis SB account?

 

[soccer]

How's your experience with the card been so far? That should give you a rough idea of how their SB service will be.

As mentioned above, experience greatly depends on branch and branch staff. If there's a branch very near to your house and the staff are somewhat competent, go for it.

 

[sayantandas]

Banking experience is always different for everyone. It highly depends on the Branch and Staff. If you feel the branch and people there are good, go ahead.

It also depends on what do you expect from your account. For example, Cashback, Premium Debit Card, Top notch internet and mobile banking, high interest rates, lower loan rates, offline branch services, etc.

So, it depends on all such factors. If possible share your expectations and criteria. So people can suggest accordingly.

Thanks for your inputs.
I expect these from my account:

1. A good and stable account without too much hassle and unnecessary balance deductions
2. Cashback if provided well and good. If not, then also fine. Not a deal breaker
3. Yes, definitely top notch internet and mobile banking
4. Limited offline branch visits as I would mostly operate it online

 

[sayantandas]

Axis is difficult to deal with but rewarding. Go for it if you have some time and patience.

Thanks for your input!

 

[sayantandas]

How's your experience with the card been so far? That should give you a rough idea of how their SB service will be.

As mentioned above, experience greatly depends on branch and branch staff. If there's a branch very near to your house and the staff are somewhat competent, go for it.

My experience with the credit card has been very good. The few times I had issues, the customer care was quick to address and solve them.
I have never visited an Axis bank branches my issues were resolved online only but thank you for the inputs. I will definitely keep them in mind.

 

[sayantandas]

Thanks for your inputs.
I expect these from my account:

1. A good and stable account without too much hassle and unnecessary balance deductions
2. Cashback if provided well and good. If not, then also fine. Not a deal breaker
3. Yes, definitely top notch internet and mobile banking
4. Limited offline branch visits as I would mostly operate it online

Basic question..
What is your purpose / aim ( anticipated benefit) of opening this axis SB account?

Thanks for your inputs. My purpose of opening this account is that I want a good and stable account with good service and the points I mentioned before. As for opening this SB account, I was tempted with the weekend offers and protection benefits that Axis provides with this SB account. Also the flexibility to maintain either mab or spending 25k per month.
What would you suggest?

 

[talkwithfino]

Thanks for your inputs.
I expect these from my account:

1. A good and stable account without too much hassle and unnecessary balance deductions
2. Cashback if provided well and good. If not, then also fine. Not a deal breaker
3. Yes, definitely top notch internet and mobile banking
4. Limited offline branch visits as I would mostly operate it online

Here's two better optns for you and how they fare for your needs

Hdfc Bank

1. Savings Max Account (25k mab balance req) free cheque, plat DC which gives 1%CB
2. Plat DC ( 1% CB) no annual fee
3. Ahh not top notch; but will get your work done
4. Things like Branch Transfer, Family Banking if you want Rupay Plat Dc; all have to be requested offline. Hdfc has introduced Expressway last year wherein you can update email, address, phone online. ( some have good experience with it; few (including me) bad)

Icici Bank

1. Open a Family 360[ if you have Icici Cc with 4L limit; it can be 0 balance ] else 1L mab across family. Free DC, cheque book etc.
2. naa, Icici is not really the CB giving type of Bank
3. Certainly one of the best.
4. Well suited for only online operation

I was tempted with the weekend offers and protection benefits that Axis provides with this SB account. Also the flexibility to maintain either mab or spending 25k per month.

Liberty is good at offers and all. I am assuming you know all that after going through the TF thread pasted by member above.
But peace of mind and unnecessary deductions is something that even a Priority Banking Customer cannot give you assurance for 😆

 

[SSV]

Thanks for your inputs. My purpose of opening this account is that I want a good and stable account with good service and the points I mentioned before. As for opening this SB account, I was tempted with the weekend offers and protection benefits that Axis provides with this SB account. Also the flexibility to maintain either mab or spending 25k per month.
What would you suggest?

Have you got any other SB accounts?
What made you to consider opening a sb account in Axis considering there are many other banks in the market? ie what is the attractive feature with regard to Axis in your view?
Have you tried to compare other banks sb accounts with regard to what you are looking for in a bank account?

 

[S9100]

Axis & Indusind are SBI of Private banks.

I find the new branches, young employees of SBI are much much efficient than Axis/Indus/Bandhan.

 

[credit_noob]

Have you got any other SB accounts?
What made you to consider opening a sb account in Axis considering there are many other banks in the market? ie what is the attractive feature with regard to Axis in your view?
Have you tried to compare other banks sb accounts with regard to what you are looking for in an bank account?

Based on my experience with axis liberty savings account trust me never use any axis product such as od account,loan ,cc anything axis is axes🪓
For more details refer my threads what axis done to me

 

[S9100]

Have you got any other SB accounts?
What made you to consider opening a sb account in Axis considering there are many other banks in the market? ie what is the attractive feature with regard to Axis in your view?
Have you tried to compare other banks sb accounts with regard to what you are looking for in an bank account?

Right Qs to ask.
You can charge for consultancy. Not joking.

 

[Credit_Cards]

I am interested to open a savings bank account with Axis Bank especially the Liberty Savings Account but deterred seeing no many negative reviews and suggestions from people about the high charges, monthly account maintenance charge even after maintaining amb, consolidated charges, sms charges, etc.
Please suggest and guide me if it would be a good option to open Axis bank account or I should completely avoid it.
PS: I do hold a credit card relation with Axis bank
Thank you!

looking for cashback etc? its axis nothing will be awarded easily but those who can harvest can be on beneficial side.

If looking for general banking look else where

 

[dvader]

I am waiting for OPs post after three months "Axis bank F***ed me, please help" 😀

Jokes apart @OP please read @SSV 's comment. Most probably you don't need an Axis account. Unless you are a masochist then no judging go for it.
😀

 

[SSV]

I am waiting for OPs post after three months "Axis bank F***ed me, please help" 😀 😀

This is ultimate 🤣 🤣🤣
.
.
FASAK 🪓

 

[dvader]

Motion to start a dedicated TF Advisory Section for products, services, entities, and organizations to stay away from. This section would cover legit entities engaged in anti-consumer antics systemic in nature. I am not talking about an individual facing issues in one of the branches but things more systemic and bigger in scale. Also, this won't cover scams and frauds but legit products deceiving you with fine print, exuberant fees, and anti-consumer policies.

The section can be named "You have been warned"

We will avoid a lot of threads that keep popping up every three months.