Andhra Bank
Skip to navigation | Skip to main content

Toll Free Number : 1800 425 1515

AB Platinum Savings Bank Account
  • Well paid salaried class of reputed Corporates/ Public Sector Undertakings/ Public Sector Enterprises/ Central /State Governments.

  • Societies / Charitable Trusts and Educational Institutions whose income is exempted from Income Tax.

  • High net worth individuals.

  • Account can be opened with an initial deposit of Rs.1,00,000/-

  • Quarterly Average Balance of Rs.5,00,000 lakhs to be maintained.
  • Priority locker allotment

  • Free personalized unlimited cheque book facility

  • Free cash withdrawal at all our branches up to Rs.1,00,000/- by self only, duly observing KYC norms

  • Free of charges on unlimited Cash deposit at non-home branches by self or third party by following KYC norms.

  • Waiver of SMS charges.

  • Waiver of ATM/Debit card annual maintenance charges. ATM/Debit cards are issued to individuals only.

  • Free Accidental Insurance Coverage of Rs.10.00 lakhs is available for Individuals in the age group between 5 years to 75 years. Account holders other than individuals are not eligible for the insurance.

  • Free Life Insurance Coverage of Rs.2.00 lakh for Individuals in the age group between 18 years to 55 years. Account holders other than individuals are not eligible for the insurance.

  • Waiver of NEFT/RTGS charges (Five times in a month up to a limit of QAB maintained in the previous quarter)

  • Annual subscription is waived on Credit Card (T & C apply)

  • Waiver of Annual Maintenance charges on Demat A/c (T & C apply)

  • Free Internet Banking Facility.

  • Waiver of charges for stop payment instructions

  • Free Statement of Account – Once in a month – Free Reply over e-mail to Balance queries

  • Depositors are eligible for Retail Loans as per the guidelines of respective loan facilities with 25% concession in processing charges.

  • All the benefits are subject to initial deposit of Rs.1.00 lakh and QAB of Rs.5.00 lakhs.
  Charges on Non-maintenance of QAB :
Quarterly Average Balance Penalty per Quarter
For Rs.5.00 lakh Rs.1,500/-