Andhra Bank Easy Saving No Frills Account

To make banking facilities available to vast sections of population Bank introduced No Frills Savings A/c with name and style "AB Easy Savings Bank" account.

FEATURES

1.  Minimum balance of Rs.5/-
2.  No Charges on non maintenance of Minimum Balance
3.  No other service charges
4.  No Restrictions on the number of withdrawals in the account. Withdrawals only
   through withdrawal forms accompanied by pass book.
5.  No cheque book shall be issued
6.  No ATM / Debit card facility
7.  No ABB facility
8. 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.

CONDITIONS

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.  for 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 Norms.

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