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| AB Easy Savings (No-frills account) |
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| 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. |
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 Features |
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- 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.
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| Conditions |
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- 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 Norm
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