How to open a bank account in Axis Bank Limited

GSL reference about the bank What is it?

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

GSL rating

Beginning of cooperation

July, 2023

Last contact

April, 2024

Last update

October, 2023
  • Axis Bank Limited is the first of the new private banks that started operations in 1994;
  • opens accounts only for local companies, it does not work with non-residents;
  • a visit to the bank by the director of the company is required to open an account;
  • cards can be issued;
  • Internet bank in English;
  • account opening period, please check with your consultant
GSL rating
Beginning of cooperation
July, 2023
Last contact
April, 2024
Last update
October, 2023
Your Consultant
Поиск консультанта...

Поиск консультанта...

General information and rating

Not rated
Global rating
Not rated
Countrywide rating
Countrywide rating of the head bank
Global rating of the head bank
Year of foundation
1993
History
The Bank was established in December 1993 as UTI Bank with its head office in Mumbai. The Bank was a joint venture of Unit Trust of India (UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company. In 2005, UTI Bank's shares were listed on the London Stock Exchange. In 2006, UTI Bank opened its first overseas branch in Singapore. In the same year, a branch was opened in Shanghai, China. In 2007, a branch in Dubai International Financial Center and branches in Hong Kong were opened. In July 2007, UTI Bank changed its name to Axis Bank. The bank has a wide network of about 2,590 branches and 12,900 ATMs. The bank's registered office is in Ahmedabad and its head office is in Mumbai. Axis Bank oversees overseas operations with 11 international branches in Singapore, Dubai, Abu Dhabi, Hong Kong, Colombo, Shanghai and representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah and a subsidiary in London
Personnel
Staff speaks English
Bank’s shareholders
The Bank's shares are listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE)
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
Compare banks

    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Transactions permitted per month
    No restrictions on the number of transfers
    Minimum turnover, €/year
    No turnover restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services

    75
    Outcoming transfer, €
    0
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Transfer fee is ~ 0,10% - 0,15%
    Incoming transfer, €
    No commission for enrollment incoming transfer
    Distant access to the account
    Internet banking in English
    Financial products
    The Bank offers a full range of financial services to customers belonging to the large and medium-sized corporates, MSME, agriculture and retail business segments
    Credit/debit cards
    Yes

    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    Opening an account requires a personal visit of the director of the company to the bank
    Required
    Completed bank forms, client passport / ID, standard set of corporate documents, etc.
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable
    Business description
    Requirements to the description of the activity are standard: a story about the current state of the business and its formation, disclosure of the source of origin of funds, biography of the account beneficiary and contact information

    Banks of India

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    2 500
    N/A
    N/A
    2 500
    N/A
    1
    2 500
    N/A
    5
    2 500
    N/A
    N/A
    2 500
    N/A
    N/A
    2 500
    N/A
    3
    2 500
    7
    1
    2 500
    N/A
    N/A
    Need a consultation from a specialist?
    Share on social media:

    Add a comment

    By clicking the «Send» button, you agree to the processing of personal data in accordance with the terms of our privacy policy

    RU EN