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Axis Bank, 3rd Largest Private Sector Bank in India: Axis bank is the 3rd largest private sector bank offering a wide assortment of Financial Products.

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Head Office of Axis Bank: Mumbai Maharashtra

The Bank Offers the entire spectrum of financial services to customers segments covering large and middle corporate, MSME, Agriculture and retail business.

Axis Bank offering a comprehensive suite of financial products. The head office of the bank is in Mumbai and Registered Office in Ahmedabad. On 2nd April 1994 in Ahmedabad’s first branch was inaugurated of Axis Bank.

Type: Private Sector Bank

Domestic Branches: 4,050

ATM: 11,801

Cash Recyclers: 4,917

Industry: Banking, Financial Services

Year of Formation: 1994

Axis bank spread over 11 international Offices, with branches in Singapore, Hong Kong, Dubai, Colombo, Shanghai, IBU, Dhaka, Dubai, Abu Dhabi, Sharjah, London, UK.

Features of Axis banking

  • Anywhere Banking
  • Instant Fund Transfer
  • Internet banking
  • Multicity Checkbook
  • ATM cum Debit Card
  • Mobile Banking
  • Phone Banking etc.

Old Name of Axis Bank: Unit Trust of India

UTI Unit Trust of India renamed to Axis Bank by 2007.

The UTI Asset Management company (AMC) owned the UTI brand. Board Director of Bank official release the change of name UTI to Axis Bank. This is to avoid confusion as several entities were using the UTI Brand which is not related to brand.

Axis Bank Ltd

Axis Bank was established in 1993 and have began its operations in 1994 after the approval of Government of India.

The Axis Bank 3rd Largest Private Sector Bank in India was promoted jointly by the Administrative of the:

  • Specified undertaking of the Unit Trust of India(UTI)
  • Life Insurance Corporation of India(LIC)
  • General insurance corporation of India(GIC)
  • Four PSUs Company
    • National Insurance Company Limited (NICL),
    • The New India Insurance Company Limited, 
    • Oriental Insurance Company Limited (OICL),
    • United India Insurance Company Limited (UICL)

Axis Bank, Subsidiaries

The Axis bank has 6 subsidiaries:

  • Securities and sales Ltd.
  • Private Equality Ltd.
  • Trustee Service Ltd.
  • Asset Management Company Ltd.
  • Mutual Fund Trustee Ltd.
  • U.K. Ltd.

Various Departments at Axis Bank

  • Personal Banking Department
  • Priority Banking
  • NRI Banking Department
  • Securities
  • Insurance
  • Investment Solutions
  • Forex Department
  • Business Banking Department
  • Corporate Banking Department
  • Credit Laundering Department

Read about others Largest Private sector Banks 2020

Committee of Directors in Axis Bank

Chairman

  • Mr. S. Vishvanathan

Members

  • Mr. Amitabh Chaudhary
  • Mrs. Ketaki Bhagwati
  • Mr. B. Baburao
  • Mr. Rajiv Anand

Axis Bank 3rd Largest Private Sector Bank in India: IFSC Code

IFSC Stands for Indian Financial System Code.

It’s a unique Code. It is a Combination of Alphabet and Number assigned to each bank’s Individual branch.

Axis Bank IFSC Code is unique Code assigned to all Axis Bank Branches in the country. It Enables us to send and receive money Electronically.

  • In IFSC Code first 4 characters represent the bank’s name.
  • 5th  is 0, which is reserved for the future use in case of increased number of bank’s branches.
  • The last 6 characters denote the bank’s branch code.

The Electronic Transaction is convenient and easier. IFSC Code is used to make payment through RBI Services i.e.  NEFT National Electronic Fund Transfer, IMPS Immediate Payment Service and RTGS Real Time Gross Settlement System.

Minimum and Maximum RTGS and RTGS Transaction Limit per day

RTGS: Minimum 2 Lakh Limit and Maximum 5 Lakh Limit

NEFT: No Minimum and Maximum Limit

It offers various services such as lending to individual and small businesses, Liability products, card services, internet banking, ATMs services, Advisory Services, NRI Services, etc.

Axis Bank Helpline number

Bank Customers can access Phone Banking services from outside India by dialing +91-22-67987700.
For blocking of debit cards, you can also call Axis Bank 24-hour Emergency Helpline Number, +91 22 67987700.

How to Apply for a Credit Card at Axis Bank in 2020?

You can apply for a credit card with Axis Bank in 2020 as:
1. Online by checking out Axis Bank credit cards
2. Visiting your nearest Axis Bank branch
3.By getting in touch with your relationship manager

Axis bank ltd. Latest News Work From Home

Axis Bank to allow its employees to Work From Home even after lockdown ends. However, departments that require physical presence will have to come to the office.

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Last Updated: July 7,2020 12:00:28 AM

What is the full name of Axis Bank?

The Bank changed their name from UTI Bank Ltd which was founded in 1993( 27 years ago) to Axis Bank Ltd. It was effected from July 30, 2007.

What are the functions of Axis Bank?

Features of Axis banking are:
Anywhere Banking
Instant Fund Transfer
Internet banking
Multicity Checkbook
ATM cum Debit Card
Mobile Banking
Phone Banking etc.

What is the limit of Axis Bank credit card in 2020?

45000.

What is the tagline of Axis Bank?

“Badhti ka Naam Zindgi” is the Tagline of Axis Bank.

What is the Axis Bank Helpline number?

Customers can access Phone Banking services from outside India by dialing +91-22-67987700.
For blocking of debit cards, you can also call Axis Bank 24-hour Emergency Helpline Number, +91 22 67987700.

What is a Credit Card?

A credit card helps in instant credit based transactions.
While Debit cards which are linked to our bank accounts and debit the corresponding amount for every transaction.
Credit cards offers the flexibility to make transactions on credit independent of your account balance.
This amounts however is payable at the end of a pre-specified period, and each credit card involves a credit limit beyond which transactions cannot be made.

How to Apply for a Credit Card at Axis Bank in 2020?

You can apply for a credit card with Axis Bank in 2020 as:
1. Online by checking out Axis Bank credit cards
2. Visiting your nearest Axis Bank branch
3.By getting in touch with your relationship manager

How to check Credit Card Eligibility with Axis Bank in 2020?

The Eligibility for Axis Bank Credit card are
1. You must be over 18 years of age
2. You must be a citizen of India
In case you are the primary card holder, you must have a regular source of income.
3. While these are the general conditions to avail a credit card
4. Additional criteria may exist depending upon the type of credit card you choose.
5. You can browse through the list of Credit Cards offered by Axis Bank here and apply for one that best suits your needs.

What are the benefits of an Axis Bank Credit Card in 2020?

Some advantages of Axis Bank credit cards include:
Flight tickets
Discounts on movie tickets
Waiver of fuel surcharges
Access to airport lounges
Discounted deals on hotel bookings and restaurant orders

Can I apply for a personal loan through Axis Aha!?

Yes. You can use AXIS AHA facility to apply for a personal loan.
firstly, activate the chatbot.
Click on ‘Apply for New Products’.
Select the “loan option”
The online “personal loan application page” on the website will open.

Who are the Subsidiaries of Axis Bank?

Securities and sales Ltd.
Private Equality Ltd.
Trustee Service Ltd.
Asset Management Company Ltd.
Mutual Fund Trustee Ltd.
U.K. Ltd.

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