Question : Which of the following statement is correct regarding Axis Bank’s Liberty Savings Account ?
(A) It offers customers the option of maintaining a minimum balance of ₹25,000 per month or spending the same amount every month using the bank’s debit card.
(B) It also provides a complimentary insurance cover of ₹20,000, which includes expenses incurred for covid-19-related hospitalization.
(C) The product is aimed at salaried professionals aged under 35.
(D) All above
Answer (D)
Related facts
- Axis Bank has recently(August 2020) launched a new savings account called the Axis Liberty Savings Account, aimed at millennial customers.
- It offers customers the option of maintaining a minimum balance of ₹25,000 per month or spending the same amount every month using the bank’s debit card.
- It also provides a complimentary insurance cover of ₹20,000, which includes expenses incurred for covid-19-related hospitalization.
A daily hospital cash cover of ₹20,000 for a year is available for hospitalization. - The product is aimed at salaried professionals aged under 35.
- Liberty Saving Account customers can expect to earn similar interest rates as regular Axis Bank saving bank accounts offer.
By – Pankaj Pandey