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AB Super Salary SB Account |
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Availability of the Scheme |
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In all Branches |
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Type of Deposit |
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Savings Bank Deposit |
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Eligibility for salaried persons |
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Salaried staff of any company/organization drawing salaries through our Bank.
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Initial Amount of Deposit. |
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Account can be opened with Zero Balance. |
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Benefits |
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- No Ledger Folio/ Transaction charges.
- Free remittance up to Rs.25000/- per month.
- Free Internet Banking Facility.
- Free Access to non-Andhra Bank ATMs (Charges collected will be refunded).
- Free Statement of Account – Once in a month
- Free Reply over e-mail to Balance queries
- Free issue of Cheque Books (50 leaves in a year )
- Sweep and Reverse Sweep Facilities as available under AB Freedom (Flexi ) Deposit Scheme.
- Free ATM /Debit Card (for first year).
- Free Credit Card (Conditions apply)
- Free Demat A/c (conditions apply)
- Option to convert balance in excess of Rs.10,000/- as Term Deposits subject to the guidelines as applicable to AB Freedom (Flexi) Deposits
- Depositors eligible for Retail Loans as per the guidelines of respective loan facilities.
- OD facility at BMPLR once in a quarter. Overdraft will be equal to last drawn Net Salary and is to be adjusted in two installments with in a period of 2 months. Only employees whose net salary drawn is not less than 60% of their gross salary are eligible for OD facility.
Additional Features:
- Free online Trading A/c ( conditions apply)
- On line Tax payment
- NEFT and RTGS facilities are made available two times free of cost in a month
- Personalized Debit card will be issued on specific request of the Customer.
- Free personalized cheque books (50 leaves in a year – for average Monthly balance of Rs.10,000/- and above)
- Life Insurance cover up to Rs.1.00 lakh as available under "AB Jeevan Abhaya" Scheme of our Bank for the age group of 18 to 55 years. This facility is available at premium plus service charges as per AB Jeevan Scheme Rules, which are to be borne by the Customer.
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Other Conditions
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- The Monthly salary of the Depositor should be credited directly to the account every month.
- Copy of Pan Card and copy of Pass Port (if Depositor is having) should be obtained along with the application.
- Permanent Address of the Depositor should be obtained and kept on record.
- Average Minimum Balance of Rs.5000/- should be maintained except when the account is in debit balance.
- Other terms and conditions as applicable to SB Deposit Accounts. .
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For non-salaried persons
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The above facilities are also available to Non-salaried class subject the following:
- Account will be opened with a minimum balance of Rs.5,000/- and not with ZERO balance.
- No overdraft facility is allowed since the source of regular inflow of funds is not available.
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