As we know, in this digital world, banks are one of the popular choices that cater to everyone’s financial needs. Axis Bank is a reputable private bank that offers top-class banking solutions that provide you reliability. Moreover, it was founded in 1993 and attracts customers due to its innovative banking and services. The commitment of Axis Bank to customer satisfaction and wealth management enhances the experience of customers. Furthermore, you can also benefit from the bank’s internet Banking and Mobile App. In this detailed blog, we will try to explore various services and the process of account opening with Axis Bank.
Service |
Details |
Office Location |
Dubai, UAE |
Office Type |
Representative Office for NRI Services |
Services Provided |
– NRI account opening (NRE/NRO) |
Services Provided | – Remittances and transfers to India |
Services Provided |
– Investment options and advisory services |
Services Provided | – KYC and documentation support |
Contact Number |
+971 4 382 1585 |
nri.services@axisbank.com |
|
Website |
Services Offered by Axis Bank
NRI Banking Services
Axis Bank allows you to experience fixed deposits, home loans, and investment options in the UAE. Moreover, in this private sector, customers can also transfer their funds or money in a secure way without any hassle.
Digital Banking
The Axis Bank provides online banking services that allow millions of customers to pay bills and control transactions from anywhere. Furthermore, this private sector also offers its mobile app that makes account management and fund transfer reliable.
Different Types of Account Offered by Axis Bank in the UAE
Account Type |
Account Opening Fee | Monthly Maintenance Fee | Minimum Balance Requirement | Overdraft Charges | Details |
NRE Savings Account | None | None | INR 10,000 (approx. AED 450) | 18% per annum on overdraft amount |
For overseas Indians with tax benefits |
NRO Savings Account |
None | None | INR 10,000 (approx. AED 450) | 18% per annum on overdraft amount | For managing income earned in India |
FCNR Deposit Account | None | None | No minimum balance (after initial deposit) | Not applicable |
Fixed deposits in foreign currencies |
Opening an Account with Axis Bank: A Simple Guide
Mobile App
One of the straightforward and peaceful ways to create an account with Axis Bank is their mobile app. Moreover, this account opening procedure includes easy and main steps that are below.
Download the Axis Bank App: To create an account, the Axis Bank Mobile app is available for download on Apple and Google Play Store. Furthermore, you need to install the app on your mobile phone after download.
Select Open an Account: After installing, you have to open the app and simply click the open an account option.
Select the Account Type: After that, you need to select the type of account that you desire to create with Axis Bank like NRE or NRO Savings Account.
Register with Your Details: When you choose account type then next enter your name and email address. Furthermore, also provide your mobile number and country of residence (UAE) to continue the process.
Upload Required Documents: In this step, you have to upload documents that are a passport copy, visa copy, photographs, and proof of address.
Complete the KYC Process: The app will guide you in the KYC process including video verification or uploading additional documents.
Fund Your Account: When your account is approved then transfer a minimum balance into your new account that is 450 AED.
Receive Confirmation: After the account verification, you will receive a confirmation email with your account details.
Access Online Banking: At last, when you receive your details, you can easily log in to the Axis Bank Mobile App to use various banking services.
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FAQs
Tell me the reason why it is important to create an account with Axis Bank?
If you create an account with Axis Bank, you can easily access services like seamless NRI banking solutions, and investment and loan options.
What is the minimum balance required to open an NRI savings account with an Axis Bank account?
If you are aiming to create a NRI Savings Account with Axis Bank then the minimum balance required is around AED 450.
Is the mobile app of Axis bank a convenient way to create an account in the UAE?
Yes, the mobile app of Axis Bank is one of the convenient ways to create an account in the UAE. Moreover, with internet access, you can create from anywhere.
Which documents are vital to create an account with Axis Bank in the UAE?
If you are looking to create an account with Axis Bank then upload your scanned copy of passport, visa, photographs, and your proof of address.