Andhra Bank offers 13 different types of savings bank accounts to meet various requirements of their customers. These accounts range from no-frills savings accounts to salary accounts and those for children under the age of 18 years. Customers can open a savings account with the bank online or by visiting any of their branches.
Andhra Bank offers a wide variety of savings account options to cater to the needs of every customer. With features like personalized services and unique benefits with every scheme, customers can be guaranteed of a satisfying experience.
Andhra Bank customers can choose a savings account scheme from a multitude of options on their plate. Their account can be accessed from over 2528 global branches and also via ATMs.
Effective 1 April 2020, Andhra Bank has merged with Union Bank. For now there are no changes in Account Number and IFSC Code. For more information checkout Union Bank Savings Account
The savings accounts offered by Andhra Bank are simple and versatile, and offer a flat 4.00% interest rate that applies across a range of conditions, including accounts that are offered to both resident and non-resident Indians, normal subscribers as well as senior citizens.
Customers can easily open a Savings account with Andhra Bank through the website. After selecting the online application option, the customer has to upload a passport size photo on the web portal. Also, KYC documents like scanned copy of photo ID, address proof should be uploaded during application. After filling in the necessary details and uploading the required documents, the customer can submit the application form. An unique tracking ID will be provided and the customer can use the same for any future reference. A welcome kit will be offered as a part of the initiation program.
Alternatively, customers can also visit any of the nearest Andhra Bank and open a savings account by providing all the necessary documentation.
Andhra Bank offers a multitude of options for customers to select from. The following are the savings account scheme offered by Andhra Bank.
Andhra Bank offers a wide variety of savings account options to cater to the needs of every customer. With features like personalized services and unique benefits with every scheme, customers can be guaranteed of a satisfying experience.
Savings Account Name | Minimum Balance Requirements | Features |
AB Diamond Savings Bank Account | Average Quarterly Balance of Rs.3 lakhs |
|
AB Platinum Savings Bank Account | Average Quarterly Balance of Rs.5 lakhs |
|
AB Kiddy Bank | Rs.100 |
|
AB Abhaya Plus | - |
|
AB Easy Savings No Frills Account | Rs.5 |
|
Abhaya SB Account | - |
|
Abhaya Gold SB Account | - |
|
AB Jeevan Abhaya | - |
|
AB Super Salary SB Account | Average Minimum Balance of Rs.5000 to be maintained |
|
Abhaya First Wealth Pack | - |
|
AB Jeevan Abhaya Double Plus | - |
|
AB Jeevan Abhaya Triple Plus | - |
|
AB Little Stars and AB Teens | Rs.500 in urban and metro areas and Rs.250 in rural and semi-urban areas |
|
Savings Account Name | Eligibility |
AB Diamond Savings Bank Account | High net worth individuals, well-paid salaried applicants of reputed companies/organizations Societies, educational institutions and charitable trusts |
AB Platinum Savings Bank Account | High net worth individuals, well-paid salaried applicants of reputed companies/organizations Societies, educational institutions and charitable trusts |
AB Kiddy Bank | Children under the age of 18 (minors) can apply for this account. |
AB Abhaya Plus | - |
AB Easy Savings No Frills Account | As per KYC Norms |
Abhaya SB Account | The applicant’s age should be 5 to 70 years. |
Abhaya Gold SB Account | The applicant’s age should be 5 to 70 years. |
AB Jeevan Abhaya | This scheme is for customers aged between 18 to 55 years. |
AB Super Salary SB Account | Salaried applicants or any organization or company drawing salary through Andhra Bank. |
Abhaya First Wealth Pack | The applicant’s age should be between 18 to 59 years. |
AB Jeevan Abhaya Double Plus | Customers who are in the age group of 18 to 55 years |
AB Jeevan Abhaya Triple Plus | Customers who are in the age group of 18 to 55 years |
AB Little Stars and AB Teens | Little stars account can be opened by customers between 10 to 15 years and Teens account can be opened by customers between 15 to 18 years. |
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