Axis Bank Defence DSP Salary Account Purpose, Eligibility Criteria, Documents Required, Features, Benefits and Customer Care numbers.
AXIS BANK DSP ACCOUNT
Axis bank is the leading private sector bank in India established in 1993. Axis bank is the third-largest private sector bank in India having around 3779 domestic branches including extension counters and 12,834 ATMs across the country.The headquarters of Axis Bank are in Ahmadabad. The Bank also has ten overseas offices with branches at Singapore, Hong Kong, Dubai at the DIFC, Shanghai and Colombo and representative offices at Dubai, Abu Dhabi, Dhaka and Sharjah and an overseas subsidiary at London, UK.
Axis Bank Mou with ARMY
Axis Bank signed Memorandum of Undertaking (MoU) with Indian Army in 2011 and was renewed on 24 Mar 2015 and was again renewed on 13 Apr 2018.The current MoU is tailor-made to suit the requirements of serving soldiers, pensioners and families. The current Memorandum of understanding is specifically designed to meet the requirements of serving soldiers, pensioners and their families.
As per Revised MoU, apart from other benefits, the Army personnel will get free personal accident death cover and free permanent total disability cover of Rs 30 lakh and a free educational cover of up to Rs 2 Lakh for children between the age of 12 and 20 years
Eligibility of DSP Account:
Axis Bank Defence Salary Account can be opened by any person employed in Indian Armed forces (Army, Navy, Airforce) whose salary is credited to Axis Bank.Documents required for DSP Account:
- Duly filled application form.
- Latest passport size photographs of the applicant.
- Valid address proof and identity proof of the applicant.
- Proof of latest employment.
FEATURES OF AXIS BANK DSP ACCOUNT:
- DSP Account holders need not maintain any minimum balance in their salary Accounts.
- Free “Power Salute Debit Card” and free add-on card exclusively for Axis Bank DSP Account holders only.
- DSP Account Holders are entitled to free Personal Accidental insurance cover of Rs. 30.00 Lac
- DSP Account Holders are entitled to free Air Accidental insurance cover of Rs. 1 Crore.
- DSP Account holders can make unlimited free of charge Demand Drafts from their salary Account.
- Free of charge RTGS and NEFT facility for funds transfers to any bank within India.
- Free Unlimited payable at par personalized CTS (Cheque Truncation System) Cheque Book.
- No charges for SMS alerts in Axis Bank DSP account.
- Free and easy access to Internet Banking, Mobile Banking, Electronic Pass-Books, and e-statement etc.
- Free unlimited Demand Draft.
| NOTE: Account closure charges of Rs. 500/- will be levied if DSP Account is closed within 14 – 180days. If closed before 14 days of after 06 months then no Account closure charges are levied. |
FEATURES Of Power Salute Debit Card:
- Zero issuance charges.
- No annual maintenance charges but in case of Card Replacement Rs. 200/- will be charged.
- Cash Withdrawal Limit - Rs. 40,000/-
- P.O.S. transaction limit – Rs. 01.00 Lac.
- Free unlimited withdrawals across any Banks ATM.
- Personal Accident (Including Permanent Total Disability) Insurance Cover of Rs. 30Lac.
- Air Accident Cover of Rs. 1crore.
- Almost Zero lost card liability as insurance against the risk of loss due to fraudulent use of a lost/ stolen/ missing debit card
- All consumer durable goods purchased using debit cards insured against fires, natural calamities, burglary and housebreaking up-to 90 days from the date of purchase, making you eligible for a combined lost card liability and purchase protection of up to Rs. 50,000.
- If you want to avail the insurance cover, your debit card needs to be used for purchases 180 days prior to the date of the mishap.
Attention DSP Account Holders:
The special features offered by Axis Bank DSP Account stands withdrawn and account shall be treated as Normal Savings Account if, the monthly salary is not credited to DSP account for more than 3 consecutive monthsFor more details and charges click here
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