Investment Basics

Savings account is a strong means in handling your money. Sparing in the deposit is a great habit if you are saving money. It is the safest area for the funds you are saving. With savings account, you may also earn interest from the main money you deposited.

It is the goal why it is valuable and helpful to get a savings account. In India, one great choice for beginning a savings account is Axis Bank. Axis Bank, previously UTI Bank, is a private commercial bank in India. The bank started its operations in 1994, when Indian state gave authorization to the new private banks to be established.

The bank is a public company listed in Bombay Stock Exchange (BSE). Its major industry is focused on monetary services and banking. Axis Bank is established in 1995 and currently, its headquarters is located in Mumbai, India. Presently, its administrator is Adarsh Kishore and its Chief Executive Officer and Managing Director is Shikha Sharma. Several of its stuff and services be composed of credit cards, mercantile banking, investment banking, loan agreement, retail banking, asset management and private banking.

If you are interested in opening a savings account in Axis Bank, you must prepare the demands earlier visiting the bank. It is very important you have the finished papers in order to have a quick processing of your request.

Here are the checklist of credentials you can produce as demands for utilizing a savings account. If you want to obtain the savings account application form at Axis Bank, you can get it here.

1. In order to validate the identity, the client should produce photocopies and the original of any one of the preceding papers:

• a. Voter ID Card


• b. Driving License


• c. Government or Defense Card


• d. Passport


• e. PAN Card


• f. ID card issued by a reputed employer

2. To authenticate the proof of address, you must produce original and photocopy of any one of the following documents:

• a. Bank Account Statement


• b. Letter from a reputed employer


• c. Acknowledgment from any acknowledged public


• d. Ration Card


• e. Telephone Bill


• f. Salary Slip (with address)


• g. Income Tax/Wealth Tax Assessment Order


• h. Power bill

3. In order to identify the date of birth of the customer, the following papers can be produced.

• a. For Minor - Birth certificate issued by Gram Panchayat/ NAC (Notified Area Committee) /Municipal Corporation


• b. For Senior Citizen- Passport/ Voter ID Card/ Driving License/ PAN Card/ Service Discharge Certificate/ PPO in case of Pensioner

4. Produce two recent pictures (2.5 cm x 3.5 cm) and this must be attached on the application form.

5. In instance of illiterate applicants, thumb mark to be place and confirmed.

6. For opening of accounts of teenagers, where certification of identity or address is not available, address should be the same with the parents or legal guardian.

Axis Bank is one of the competent private banks in India which you can apply a savings account. It is not difficult to request for a bank account when you have the complete requirements with you.

Gil Tenorio is a personal finance blogger who loves blogging on financial management, saving, investing and banking like on how to open a savings account at Axis Bank, you should visit India Bank blog for more helpful posts on saving, investing and banking.