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Welcome to Andhra Bank
To make banking facilities available to vast sections of population our Bank introduced No Frills Savings A/c with name and style "AB Easy Savings Bank" account.
FEATURES
Minimum balance of Rs.5/-
No Charges on non maintenance of Minimum Balance
No other service charges
No Restrictions on the number of withdrawals in the account. Drawals only through withdrawal forms accompanied by pass book.
No cheque book shall be issued
No ATM / Debit card facility
No ABB facility
Relaxed KYC Norms,
Introduction by an existing account holder. The introducer's account with
the bank should be at least six month old and should show satisfactory transactions.
Any other evidence as to the identity and address of the customer to the satisfaction of the bank.
CONDITIONS
The total balance in the account at any point of time should not exceed Rs. 50000/-
Total Credits in the account should not exceed Rs. 100000/-in a year.
If either of the one, i.e. total balance or credits exceeds the set limits no further transaction will be permitted in the account. In such cases the customer has to close the account and open normal savings account fulfilling the complete KYC Norms.
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