Axis Bank Insurance Agent Account

Many people in our country are working as insurance agents. Axis Bank Insurance Agent Account is a savings account meant to secure their future and provide them with financial security of these insurance agents.

Key Features

Required Average Balance 5000 Rs. (In Metros, little concession is allowed)
Interest Rate 4% (on daily balance, paid quarterly)
Eligibility Insurance agents in India(Licensed)

Characteristics and Advantages

  • You can withdraw 40,000 Rs. from ATM and make transactions for shopping up to 1 lakh Rs. every day.
  • A rewards program named eDGE Loyalty Rewards Program is provided by this account. Cash points can be earned for every transaction done. The rewards include opening of an RD account worth 2000 Rs. or more, credit transactions of 50,000 Rs. and above via Pensions Savings Account per month and opening of an Axis Direct Account.

Debit Card with the Account

  • You will get Visa Classic-Debit Card on opening of this account. You will be charged 150 Rs. that is minimum fee on issuing of card and the same amount every year as yearly card membership charge in urban and metro branches and 100 Rs. in semi urban and rural branches.
  • You will have a personal accident insurance that can be up to 2 lakh Rs. if you use the card at least one time in six months.

Required Documents to Open the Account (Single or Joint)

Proof Documents Applicant for submitting the documents
ID Proof Passport, Voter ID, ,PAN Card, Rent Agreement, Aadhar Card, Driving License, UIDAI Card or NREGA Job Card signed duly by any State Government Officer Both applicants (in case they both are applicable)
Address Proof(Residential) Driving License, Aadhar Card, Rent Agreement Passport, Voter ID, UIDAI Card or NREGA Job Card signed duly by any State Government Officer The Primary holder (If the application is for joint account) will present the documents copies with a relationship proof of the applicants.

Charges

Service Charges in Urban and Metro Areas (Monthly) 350 Rs. or 5Rs. per 100 Rs. of shortfall (the amount which is less, will be charged).
The amount won't be applicable in case you retain the Average Monthly Balance of 5000 Rs. on regular basis.
Service Charges in Semi-Urban Areas (Monthly) 250 Rs. or 5Rs. per 100 Rs. of shortfall (the amount which is less, will be charged).
The amount won't be applicable in case you retain the Average Monthly Balance of 2500Rs. on regular basis.
Service Charges in Rural Areas(Every Six Months) 750 Rs. or 5Rs. per 100 Rs. of shortfall (lesser amount will be charged).
The amount won't be applicable in case you retain the Semi-Annual Balance of 2500Rs. on regular basis.

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