{"id":11799,"date":"2024-04-22T12:28:42","date_gmt":"2024-04-22T06:58:42","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=11799"},"modified":"2024-12-23T17:52:33","modified_gmt":"2024-12-23T12:22:33","slug":"axis-bank-student-account","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/","title":{"rendered":"Axis Bank Student Account: Major Features, Eligibility, Interest Rate"},"content":{"rendered":"\n<p>Axis Bank student account is one of the best accounts, especially for international students. This Bank is one of the renowned private sector banks in India that allows individuals to open bank accounts under various categories. Axis Bank student account can be used for various purposes such as depositing scholarship money, usual savings etc and there is no minimum balance requirement. The students will also earn daily and quarterly interest on the deposited account. Read on to understand all the details of this bank&#8217;s student account and its features.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-axis-bank-student-account\" data-level=\"2\">Overview of Axis Bank Student Account<\/a><\/li><li><a href=\"#h-axis-bank-student-account-eligibility-criteria\" data-level=\"2\">Axis Bank Student Account Eligibility Criteria<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-how-to-apply-for-an-axis-bank-student-account\" data-level=\"2\">How to Apply for an Axis Bank Student Account<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-axis-bank-student-account\"><span id=\"overview-of-axis-bank-student-account\">Overview of Axis Bank Student Account<\/span><\/h2>\n\n\n\n<p>Axis Bank allows students to open a zero balance account under the Axis Bank Government Scholarship savings account scheme. One of the major benefits of the Axis Bank student account is that it is a zero-balance savings account without any minimum balance requirement. Check some of the major features of the account below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bank provides the students with services like Internet banking, e-statement, transaction alerts, passbooks, etc.<\/li>\n\n\n\n<li>All the students will enjoy a free cash deposit and a free Rupay debit card to withdraw cash from the ATM<\/li>\n\n\n\n<li>The Axis Bank Rupay card can be used for withdrawals up to INR 40,000 per day and up to INR 1 lakh per day can be spent at shopping destinations<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Planning to pursue overseas education? Check here for some of the <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/government-education-loans-for-study-abroad\/\"><strong>best banks offering education loan to study abroad<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-axis-bank-student-account-eligibility-criteria\"><span id=\"axis-bank-student-account-eligibility-criteria\">Axis Bank Student Account Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>Axis Bank Government Scholarship account can be opened by students who are Indian citizens. Also, the student must have received or be supposed to receive a scholarship from the government or the university. Check more details below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There shall not be any existing account in Axis Bank with any of its branches<\/li>\n\n\n\n<li>If any such account exists under any category, it shall be closed before opening another savings account<\/li>\n\n\n\n<li>Once the Axis Bank Government Savings Account is opened, the student cannot apply for other savings accounts with Axis Bank under any category<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>Certain documents are required to be submitted to the bank in order to open an Axis Bank student account. Please be informed that all the documents shall be authentic and self-attested or attested by any gazetted officer of the central and state government. Check the complete list of documents required for the Axis Bank student account:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Aadhaar Card<\/li>\n\n\n\n<li>PAN Card<\/li>\n\n\n\n<li>Two latest passport-size photographs<\/li>\n\n\n\n<li>If the mailing address and permanent address are different, then you need to submit separate address proof for both<\/li>\n\n\n\n<li>Letter of scholarship or any other grants issued by the university or the government<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check here all the details and important factors about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/vidya-lakshmi-portal-education-loan\/#h-eligibility-criteria\"><strong>Vidya Lakshmi Portal Education Loan<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-apply-for-an-axis-bank-student-account\"><span id=\"how-to-apply-for-an-axis-bank-student-account\">How to Apply for an Axis Bank Student Account<\/span><\/h2>\n\n\n\n<p>Applying for an Axis Bank student account is very easy. You can apply for the Axis Bank Government Scholarship account online on the official website of Axis Bank or by visiting the nearest Axis Bank branch in your city. Check the steps to open Axis student bank account below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the nearest branch and get an account opening form<\/li>\n\n\n\n<li>Fill out the application form properly and enter all the details as stated in the application form<\/li>\n\n\n\n<li>Attach the relevant documents along with the form and paste the passport-size photograph<\/li>\n\n\n\n<li>Sign the form and submit the same to the bank<\/li>\n\n\n\n<li>The bank will verify all the documents and the details mentioned in the form<\/li>\n\n\n\n<li>After successful verification, the account will be opened<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1713855280470\"><strong class=\"schema-faq-question\">Can international students open an Axis Bank student account?<\/strong> <p class=\"schema-faq-answer\">No, only Indian citizens who have received or are eligible to receive a scholarship from the government or university can open an Axis Bank student account under the Axis Bank Government Scholarship account scheme.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713855369489\"><strong class=\"schema-faq-question\">Is there any minimum balance requirement for an Axis Bank student account?<\/strong> <p class=\"schema-faq-answer\">No, there is no minimum balance requirement for the Axis Bank student account. It is a zero-balance savings account.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713855377917\"><strong class=\"schema-faq-question\">What are the daily withdrawal and spending limits for the Axis Bank Rupay debit card provided with the student account?<\/strong> <p class=\"schema-faq-answer\">With the Axis Bank Rupay debit card, students can withdraw up to INR 40,000 per day from ATMs and spend up to INR 1 lakh per day at shopping destinations.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713855403657\"><strong class=\"schema-faq-question\">Can a student apply for other savings accounts with Axis Bank after opening a Government Scholarship account?<\/strong> <p class=\"schema-faq-answer\">No, once the Axis Bank Government Scholarship account is opened, the student cannot apply for other savings accounts with Axis Bank under any category.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1713855422375\"><strong class=\"schema-faq-question\">How can I apply for an Axis Bank student account?<\/strong> <p class=\"schema-faq-answer\">You can apply for an Axis Bank student account either online on the official website of Axis Bank or by visiting the nearest Axis Bank branch. Simply fill out the application form, attach the required documents, submit them to the bank, and upon successful verification, your account will be opened.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734955977592\"><strong class=\"schema-faq-question\"><strong>Can I open an Axis Bank student account if I&#8217;m not an Indian citizen?<\/strong><\/strong> <p class=\"schema-faq-answer\">No, only Indian citizens eligible for government scholarships can open this account.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734955978075\"><strong class=\"schema-faq-question\">What documents are required to open an Axis Bank student account?<\/strong> <p class=\"schema-faq-answer\">Required documents include identity proof, address proof, and a passport-sized photograph.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734955979219\"><strong class=\"schema-faq-question\">Is there an age limit to open an Axis Bank student account?<\/strong> <p class=\"schema-faq-answer\">Yes, applicants must typically be between 18 to 25 years old.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734955980048\"><strong class=\"schema-faq-question\"><strong>Are there any charges for maintaining the Axis Bank student account?<\/strong><\/strong> <p class=\"schema-faq-answer\">No, there are no monthly maintenance charges as it is a zero-balance account.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1734955980604\"><strong class=\"schema-faq-question\"><strong>Can I transfer funds internationally using my Axis Bank student account?<\/strong><\/strong> <p class=\"schema-faq-answer\">International fund transfers are generally not allowed with the student account; check with the bank for specific services.<\/p> <\/div> <\/div>\n\n\n\n<p>This was all the major details on the Axis Bank student account. The bank offers the account opening service under the Axis Bank Government scholarship scheme. Check the entire schedule of charges before applying for the savings account.<\/p>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/blog\/education-loan\/\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/blog\/student-account\/\"><strong>bank accounts for students<\/strong><\/a>, forex and banking experience for global students or <a href=\"https:\/\/fly.finance\/blog\/money-transfer\/\"><strong>international money transfers<\/strong><\/a>, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<p><strong>Related Blogs<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background\"><tbody><tr><td><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/cheapest-forex-card-for-students\/\"><strong>Cheapest Forex Card For Students<\/strong><\/a><\/td><td><a 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c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Axis Bank student account is one of the best accounts, especially for international students. This Bank is one of the renowned private sector banks in India that allows individuals to open bank accounts under various categories. Axis Bank student account can be used for various purposes such as depositing scholarship money, usual savings etc and &#8230; <a title=\"Axis Bank Student Account: Major Features, Eligibility, Interest Rate\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/\" aria-label=\"Read more about Axis Bank Student Account: Major Features, Eligibility, Interest Rate\">Read more<\/a><\/p>\n","protected":false},"author":24,"featured_media":11803,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[],"class_list":["post-11799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-student-account"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Axis Bank Student Account: Major Features, Eligibility, Interest Rate<\/title>\n<meta name=\"description\" content=\"Check here all the details about the Axis Bank student account. 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It is a zero-balance savings account.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1713855377917","position":3,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1713855377917","name":"What are the daily withdrawal and spending limits for the Axis Bank Rupay debit card provided with the student account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"With the Axis Bank Rupay debit card, students can withdraw up to INR 40,000 per day from ATMs and spend up to INR 1 lakh per day at shopping destinations.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1713855403657","position":4,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1713855403657","name":"Can a student apply for other savings accounts with Axis Bank after opening a Government Scholarship account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, once the Axis Bank Government Scholarship account is opened, the student cannot apply for other savings accounts with Axis Bank under any category.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1713855422375","position":5,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1713855422375","name":"How can I apply for an Axis Bank student account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can apply for an Axis Bank student account either online on the official website of Axis Bank or by visiting the nearest Axis Bank branch. Simply fill out the application form, attach the required documents, submit them to the bank, and upon successful verification, your account will be opened.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955977592","position":6,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955977592","name":"Can I open an Axis Bank student account if I'm not an Indian citizen?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, only Indian citizens eligible for government scholarships can open this account.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955978075","position":7,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955978075","name":"What documents are required to open an Axis Bank student account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Required documents include identity proof, address proof, and a passport-sized photograph.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955979219","position":8,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955979219","name":"Is there an age limit to open an Axis Bank student account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, applicants must typically be between 18 to 25 years old.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955980048","position":9,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955980048","name":"Are there any charges for maintaining the Axis Bank student account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, there are no monthly maintenance charges as it is a zero-balance account.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955980604","position":10,"url":"https:\/\/fly.finance\/blog\/student-account\/axis-bank-student-account\/#faq-question-1734955980604","name":"Can I transfer funds internationally using my Axis Bank student account?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"International fund transfers are generally not allowed with the student account; check with the bank for specific services.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=11799"}],"version-history":[{"count":5,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11799\/revisions"}],"predecessor-version":[{"id":16599,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/11799\/revisions\/16599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/11803"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=11799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=11799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=11799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}