How to Open an Axis Bank Current Account Online Without GST
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Savings bank accounts have only a few features since they are opened for personal savings and small transactions. You cannot open a saving account for your business or shop. For this, a different kind of bank account is opened, called a current account. In the current account, you can keep as much money as you want and perform unlimited transactions. Fortunately, you can now open a current account with full KYC online from home.
2. Why Open a Current Account with Axis Bank?
The step-by-step process for opening a current account with Axis Bank online is provided below.
3. Types of Current Accounts Available
There are two options to open a current account in Axis Bank:
a) Proprietorship Account
- This account will be opened in your business name.
- Required Documents: GST, PAN Card, ITR, Aadhaar.
b) Individual Current Account
- This account will be opened in your name.
- Required Documents: PAN Card, Aadhaar.
4. Step-by-Step Guide
- Go to the website of Axis Bank and navigate to the current account section.
- Click ‘Apply’ and select your account type.
- Enter your PAN, Aadhaar, and mobile number linked with Aadhaar.
- Click on ‘Verify details’ and accept the terms.
- Fill in personal details such as your email ID and verify it using an OTP.
- Provide family details and add a nominee if required.
- Input the address for receiving your debit card and checkbook.
- Choose a branch from the list according to your pin code.
Video KYC Process
- A bank agent will join a video call to complete your KYC.
- The agent will take your photograph, PAN card photograph, and signature.
Debit Card Options
- Premium Business Classic Debit Card: ₹500 + GST
- Business Classic Debit Card: ₹250 + GST
- Deposit a minimum of ₹10,000 or above to activate your account. Payment can be made through UPI, internet banking, or debit card.
- Once payment is successful, your account number and virtual debit card will be generated.
5. Features and Benefits
- Retain a balance of ₹15,000 in metro cities or ₹7,500 in smaller towns.
- Manage your account entirely through the Axis Mobile app: transfer funds, request checkbooks, and update your address.
6. Conclusion
Congratulations! Your account is now open. You will receive the details of your virtual debit card along with other account details. A physical debit card will be sent to your address. You can fully manage your account using the Axis Mobile app.