Savings account is a powerful tool in managing your funds. Saving in the bank is a good habit if you are saving money. It is the safest place for the money you are saving. With savings account, you can also earn interest from the principal money you deposited.
It is the reason why it is important and beneficial to have a savings account. In India, one good choice for opening a savings account is Axis Bank.
Overview of Axis Bank
Previously, it is also called UTI Bank, a private commercial bank in India. The bank begun its operations in 1994, when Indian government gave permission to the new private banks to be established.
The bank is a public company listed in Bombay Stock Exchange (BSE). Its main industry is focused on financial services and banking.
Axis Bank is founded in 1995 and presently, its headquarters is located in Mumbai, India. Currently, its chairman is Adarsh Kishore and its Chief Executive Officer and Managing Director is Shikha Sharma.
Some of its products and services include credit cards, commercial banking, investment banking, mortgages, retail banking, asset management and private banking.
Guide on New Account Application
If you are interested in opening a savings account, you must prepare the requirements before visiting the bank. It is very important you have the complete documents in order to have a fast processing of your application.
Here are the list of documents you can bring as requirements for applying a savings account. If you want to obtain the savings account application form, you can get it here.
Axis Bank is one of the good private bank in India which you can apply a savings account. It is easy to apply for a bank account when you have the complete requirements with you. Most of the requirements in opening a bank account in India can be found in the lists shown above.