New Delhi, Aug. 26 -- Axis Bank has 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 Rs.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 Rs.20,000, which includes expenses incurred for covid-19-related hospitalization. But is this bundled offering right for you?

Account balance vs spend

According to Praveen Bhatt, executive vice-president, retail liabilities and direct banking products, Axis Bank, the product is aimed at salaried professionals aged under 35. "They are digitally savvy, well-informed and are on the look-out for offe...