back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Axis Bank offers e-commerce discounts for it’s ASAP Digital Savings Account

By Leandra Monteiro

October 05, 2021

  • ASAP Digital Savings Account
  • Axis Bank
  • E - Commerce
Share

Axis BankAxis Bank, India’s third largest private sector bank announced mega offers for its new to bank customers of ASAP Digital Savings Accounts. Over and above the offers for the E-commerce platforms, customers will get flat 10-15% cashback at Flipkart and Amazon.in and up to 45% cashback on 30+ major brands. Customers have the option of choosing from 4 savings account variants – Easy, Prime, Priority and Burgundy.

These Digital Savings Account variants offer higher amount of cashback and other privileges such as complimentary lounge access at airports, free ATM withdrawals etc. These mega offers are the best in the industry – debit cards offering 10% on Easy, 12.5% on Prime and flat 15% on Priority & Burgundy accounts. This is a limited period offer applicable to new to bank customers till November 2021.

To access these offers, customers need to open an ASAP Digital Savings Account, which can be accessed via the bank’s website or mobile app through the Video KYC process. Post account opening, customers will get an instant virtual debit card with which they can start transacting immediately. They can enjoy the cashbacks for online shopping through ‘Grab Deals’, the Bank’s online marketplace, which gives them a choice to shop across 30+ brands. The cashback offer benefit will be applicable for 6 months post account opening and the cashback earned will be credited directly to the customer’s account.

On the occasion, Ravi Narayanan, Group Executive & Head- Branch Banking, Retail Liabilities & Products, Axis Bank said, “In alignment with our ‘Dil Se open’ philosophy, we are pleased to introduce the ‘ASAP Digital Savings Account’. Through this proposition, we offer customers a simple, seamless digital process for opening accounts with us and enjoy industry leading cashback offers. Today, most cashback offers are restricted to credit card owners, which is a small set in the country. We want to democratize cashback for customers and hope they find these offers enticing, particularly during the upcoming festive season.”

Previous Article

October 04, 2021

Worldline collaborates with GIE SESAM Vitale on the digitalisation of Carte Vitale

Read More
Next Article

October 05, 2021

Broadway Technology expands Global Business Development Team

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 12, 2022

ASAP Digital Savings Account

The Weekly Wrap: all you need to know by Friday COB | August 12th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Verdant Capital raises USD 10m of debt funding for Zeepay

Read More

Today

Synctera announced the appointment of Yvette Butler to its Board of Directors

Read More

Today

PayGround launches Payment Financing Solution on its platform

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022