Andhra Bank Savings Account

Established in 1923, Andhra Bank has been offering their unabated service to its customers for nearly a century. They have a wide range of products and services like private banking, corporate banking, credit cards, insurance, wealth management, etc. Their head office is located in Hyderabad, and you can trace the location of the other branches by logging on to their website.

Types of Andhra Bank Savings Account

• AB Diamond Savings Bank Account

  This type of account is created exclusively for well-paid salaried employees working in reputed companies in the corporate sector as well as in central and state governments. This account also gives an array of advantages to High Net-worth Individuals (HNIs).

• AB Platinum Savings Bank Account

  This account is also meant for high net-worth individuals (HNIs) and well-paid salaried employees working in reputed organizations. The account offers many benefits, such as priority locker allotment, unlimited cheque book facility, etc.

• AB Kiddy Bank

  This special savings account scheme is for minors within 10 to 18 years of age. A minimum balance of Rs.100 is required to be maintained in the account. This account lets customers make transactions from any branch of Andhra Bank.

• AB Abhaya Plus

  The Abhaya Plus Savings scheme gives customers an accidental insurance facility for a meager premium of Rs.18. The insurance offers coverage of up to Rs.50,000. It protects against death as well as partial or permanent disability.

• AB Easy Savings No Frills Account

  This is a no-frills account. An elementary savings account, this scheme has neither any extra service charges nor any restriction on the number of withdrawals. A minimum balance of Rs.5 is required to be maintained.

• Abhaya SB Account

  This account comes with a personal accident insurance cover worth Rs.50000 in case of death or permanent or partial disability. Customers can open this type of account either jointly or as a single account holder, and each account holder gets the insurance coverage.

• Abhaya Gold SB Account

  This account provides insurance cover of Rs.1 lakh for each person upon paying a premium of Rs.45 per person, covering for death as well as permanent or partial disability.

• AB Jeevan Abhaya Scheme

  This scheme is in tie-up with IndiaFirst Life Insurance Company Limited. It offers group insurance cover and accidental death benefit to the account holders. This savings scheme can be availed by people between the age of 18 to 55 years.

• AB Super Salary SB Account

  This is a zero-balance account. It is for salaried employees working in a reputed company or organization. It also offers several other benefits, such as free ATM, debit and credit card, free internet banking, sweep facilities, apart from many other exclusive benefits.

• Abhaya First Wealth Pack

  This is an exclusive product from Andhra Bank. It combines the benefits of four products - recurring deposit, savings bank account, life insurance cover and unit linked plan. It has three denominations - gold, silver and platinum packs. The account provides enhanced flexibility as well as control over money.

• AB Jeevan Abhaya Double Plus

  This is a savings bank account that extends to group life insurance coverage of Rs.5 lakhs. It has a group term insurance scheme, which can be renewed each year, which offers coverage on accident and death due to natural causes. It has a nominal premium amount and does not require any medical examination.

• AB Jeevan Abhaya Triple Plus

  This account offers a one year group term insurance scheme, which is renewable and offers coverage for death due to natural causes as well as accidents, at nominal premium amount. Customers between the age of 18 and 55 years can avail of this scheme. Coverage worth Rs.10 lakhs is provided.

• AB Little Stars and AB Teens

  This is a savings account scheme for minors. It aims to teach children the importance of saving. This account offers new-age banking facilities like an exclusive savings pass book, specially crafted withdrawal booklet, RuPay cards, SMS, internet and mobile banking facilities, etc.  

Andhra Bank Savings Account Minimum Balance Requirement

Andhra Bank Savings Account Eligibility