Axis Bank

Axis Bank, erstwhile UTI Bank, is one of the major private sector banks in India. Axis Bank started its operations in 1994 when the Government of India made provisions for private sector banks to be set up in the country.

About Axis Bank

Axis Bank was established in 1984. The registered office of Axis Bank is located in Ahmedabad and it is headquartered in Mumbai. At the time of its inception, the name of the bank was UTI Bank. The name was changed to Axis Bank in April 2007. The promoters of Axis Bank Limited are the following:

1. Life Insurance Corporation of India (LIC)
2. Unit Trust of India (UTI)
3. National Insurance Company Ltd.
4. General Insurance Corporation Ltd.
5. The Oriental Insurance Corporation
6. The New India Assurance Company
7. United India Insurance Company

Smt. Shikha Sharma is the Managing Director & CEO of the bank. The banking network of Axis Bank is very big, comprising over 1,000 branches and extension counters and more than 4,055 ATMs. The bank has one of the biggest ATM networks in India.

Competitors of Axis Bank

Given below are the names of the major competitors of this bank:

1. State Bank of India
2. ICICI Bank
3. HDFC Bank

Products and services offered by Axis Bank

Being one of the biggest private sector banks in India, Axis Bank offers a varied range of products and services to the customers which include the following:
Accounts

Krishi Savings Account Zero Balance Savings Account Prime Savings Account EasyAccess Savings Account Women's Savings Account Corporate Salary Account Demat Account

Priority Banking Account Defence Salary Account Senior Citizen's Account Azaadi - No Frills Trust/NGO Savings Account Pension Savings Account RFC(D) Account

Deposits

1. Recurring Deposits
2. Fixed Deposits
3. Tax Saver Fixed Deposit
4. Encash 24

Loans

Car Loan Home Loan Loan Against Shares Personal Loan

Loan Against Security Loan Against Property Consumer Loan Study Loan

Cards Debit Cards

1. Priority Debit Card
2. Priority Platinum Chip Debit Card
3. Gold Debit Card
4. Classic Debit Card
5. Business Gold Debit Card
6. Gold Plus Debit Card

Credit Cards

Platinum Credit Card Platinum Advantage Credit Card Gold Credit Card Easy Credit Card eShop Card

Silver Credit Card Trust Chemists Credit Card Corporate Credit Card Shriram Credit Card

Prepaid Cards

Payroll Card Travel Currency Card Gift Card Corporate Gift Card

Remittance Card Rewards Card Annuity Card Meal Card

Investments

1. Online Trading
2. Mohur Gold
3. Demat Account
4. Mutual Funds

Insurance

Health Insurance

1. Silver Health
2. Family Health

Home Insurance

1. Safe Home
2. Safe Home Plus

Motor Insurance
Personal Accident
Jewellery Insurance
Critical Illness
Travel Companion
Business Advantage

PaymentTransfers

Electronic Clearing Service (ECS)
Bill Pay

Tax Payments

1. Tax e-Payments
2. Pension Disbursement
3. Direct Tax Payments

Other Services

1. Locker
2. Online Shopping
3. IPOSmart
4. E-Statement

Besides the abovementioned services, Axis Bank Ltd. offers a variety of services to its corporate and NRI customers such as business accounts, CMS, treasury, credit, capital market services and money transfer services.

Axis Bank Contact Details

Axis Bank Limited,
The Central Office
131, Maker Tower - F,
Cuffe Parade,
Colaba,
Mumbai - 400 005
Tel: (022) 6707 4407
Fax: (022) 2218 1429