Allahabad Bank Premium SB Account

Features of Allahabad Bank Premium SB Account

1. As per RBI norms, Allahabad bank offers 4% interest on savings bank deposits.
2. Account holders from rural branches will have to maintain a minimum balance of Rs.5,000.
3. Account holders from other branches will have to maintain a minimum balance of Rs.20,000.
4. The scheme is not applicable for Institutional Accounts.
5. Allahabad Bank Premium SB Account holders enjoy free remittances, not exceeding two in a month.
6. They also get 25% discount on all service charges across the board for transactions through the account for any amount and any number of times.
7. Customers also get 25% discount on processing fees across the board for all types of Retail Loans from the branch.
8. Instant credit of all outstation cheques up to Rs.25,000.
9. Safe Deposit Lockers are available on a priority basis.
10. Account holders also get a free International Debit cum ATM card.
11. Free Personal Accident Insurance cover of Rs.1.00 lakh.
12. All deposit accounts come with the nomination feature.
13. Provides savings accounts for minors.
14. Computerized passbook facility is provided.

Documents Required to Open a Savings Account in Allahabad Bank Premium SB Account

1. A government-issued identity card. It can be Passport, Driving License, Voter ID, identity card of a government-approved college or university, Aadhaar card, or, Central Government or State Government ID card.
2. Proof of residence. You can submit any of the following documents for residence proof - electricity bill, telephone bill of BSNL landline, municipal tax bill, GSPC gas bill, or the recent premium receipt of LIC.
3. Any other proof accepted by the bank.
4. Two passport size photographs.
5. Copy of PAN card.
6. For minor accounts, birth certificate is required.