ANDHRA BANK ABHAYA A/C
- Account Type
- Saving Account
- Minimum balance
- N.A.
- Daily withdrawal limit
- N.A.
- Free debit card
- Free
- Funds transfer facilities
- Free
- Auto sweep FD facility
- N.A.
Features and Benefits of ANDHRA BANK ABHAYA A/C
SAVINGS BANK ACCOUNT WITH ACCIDENTAL INSURANCE
|
Eligibility |
Individuals, either single or joint |
|
Age Limit |
5 to less than 70 years |
|
Insurance cover |
Rs. 25,000 /- per person |
|
Risk Covered |
Risk is covered only due to accident
In case of Death Rs. 25,000 /- Disability: a) Permanent Rs. 25,000 /- b) Partial Rs. 12,500 /- |
|
Premium/ Service charges |
Rs. 18 /- per person per annum (subject to changes every year) |
|
Periodicity |
The insurance charges are to be collected at the time of opening the account and on 31st August every year |
|
Insurance Year |
1st September to 31st August every year |
|
Claim Information |
The information should be given within 90 days directly to the bank branch where the account is maintained. |
|
Claim Submission |
The claim document should be submitted within 180 days from the date of accident/ death to the bank branch. |
|
Value additions |
Cheque books/ International Debit card/ 24 hour ATM facility/ Utility payments through ATMs/ Instant Fund Transfer/ Any Branch Banking. |
Settlement of Claims is done by United India Insurance Company Ltd (UIICO), at their sole Discretion and Andhra Bank will only act as a facilitator. UIICO, reserves the right for Admission of claim and reject a claim in case of incomplete submission of documents Or misrepresentation of facts.
Documents Required for ANDHRA BANK ABHAYA A/C
Identity proof :
* Passport
* PAN card
* Voter ID card
* Driving licence
* Government ID card
* Photo ration card
* Senior citizen ID card
Address proof :
* Passport
* Telephone bill
* Electricity bill
* Bank Statement with Cheque
* Certificate/ ID card issued by Post office
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