In this digital age, banks are the ideal choice among customers to transfer funds and manage finances. Axis Bank is one of the private banks that offers reliable financial services to its customers. It was established in 1993 and offers innovative banking solutions that cater to your needs and desires. Moreover, the commitment of Axis Bank to customer satisfaction and advisory services sets its reputation among customers. In this blog, we will explore services, account opening methods, and the representative office of Axis Bank in the UAE.
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
Digital Banking Services
In the UAE, if you choose Axis Bank, you can easily access their Mobile app to transfer funds and pay bills from anywhere. Moreover, the bank also allows customers to access banking services via WhatsApp for quick balance checks.
Investment and Wealth Management
This private bank allows customers to avail of services like life insurance and general insurance that will be helpful for them in the future. Furthermore, in Axis Bank, you can also avail of services like wealth management and mutual funds.
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 |
Start Banking with Axis: How to Open Your Account
Branch visit
To create an account with Axis Bank in the UAE, you need to visit their representative office as it is a simple way.
Visit the Representative Office: For account opening purposes, you need to visit the representative office that is in Dubai.
Speak to a Representative: Remember to visit the office during working hours then meet with the representative and inform him about your account opening.
Choose the Type of Account: After arriving at the office, you have to select the type of account which you wish to open like NRE and NRO.
Submit Required Documents: After choosing the account, remember to provide all required documents like Proof of Address, Visa Copy, and Passport copy.
Complete KYC Process: Now you need to complete the Customer (KYC) process by submitting all required documents.
Fill out the Account Opening Form: After that, the representative gives you a form that you have to fill out by providing your information.
Fund Your Account: After that, you need to transfer a minimum balance that is 450 AED to manage your new account.
Submit the Application: After transferring the amount, review your form carefully then submit it with documents.
Wait for Confirmation: Moreover, when your documents are processed, Axis Bank will confirm your account opening.
Receive Account Details: After that, the bank will provide your account number, account details and access to online banking.
Activate Your Account: At last, when you receive your details, activate your internet banking according to your desire.
Read Also
- How to Open an Al Rajhi Bank Account Online in the UAE
- Riyad Bank UAE: Easy Account Opening Guide
- Open Your ALINMA Bank Account in the UAE with Ease
- How to Open an NCB Bank Account in UAE – Easy Steps
FAQs
What is the reliable way to create an account with Axis Bank in the UAE?
In the UAE, the official Axis Bank NRI banking website is one of the reliable ways to create an account.
Which essential documents are required to create an account with Axis Bank?
If you are aiming to create an account with Axis Bank then you must have your Proof of Address, Visa Copy, and Passport copy.
What is the minimum balance requirement for customers to open an NRO Savings Account with Axis Bank?
If you are willing to create a NRO Savings Account with Axis Bank then the minimum balance required for customers is AED 450.
Why is it important to create an account with Axis Bank?
If you create an account with Axis Bank it allows you to access a wide range of NRE, NRO, and FCNR accounts. Moreover, it also provides services like trade finance and Investment and wealth management.