Andhra Bank saving account Privilege SB Deposit

Andhra Bank has introduced AB Privilege - Corporate Salary SB Account, exclusively to cater to the banking needs of highly paid Salaried Class in all Metro branches under Core Banking

Title                                          AB Privilege SB Deposit Scheme

Availability of the Scheme             In all Metro Branches under CBS

Type of Deposit                                Savings Bank Deposit

Eligibility                                 Salaried staff of reputed Corporates

Public Sector Undertakings

            Public Sector Enterprises

Central/State Governments.
Minimum number of staff to open accounts from a single entity is 25 and the last drawn Take home pay of the individual staff members should not be less than Rs.15000/-

Initial Amount of Deposit .              Account can be opened with Zero Balance.

BENEFITS:                                No Ledger Folio/ Transaction charges.

1.      Refund of Bank commission on Remittance upto Rs.25000/- per month.

2.      Free Internet Banking Facility.

3.      Free Access to non-Andhra Bank ATMs (Charges collected will be refunded).

4.      Free Statement of Account  Once in a month

5.      Free Reply over e-mail to Balance queries

6.      Free issue of Cheque Books (50 leaves in a year )

7.      Free Multicity Cheques At select centres (Monthly Avg. Credit Balance Rs.50000/-)

8.      Sweep and Reverse Sweep Facilities as available under AB Freedom (Flexi ) Deposit Scheme.

9.      Free ATM /Debit Card (for first year).

10.  Free Credit Card (Conditions apply)

11.  Free Demat A/c (conditions apply)

12.  Option to convert balance in excess of Rs.10000/- as Term Deposits subject to the guidelines as applicable to AB Freedom (Flexi) Deposits. or option to avail Temporary Overdraft Facility equivalent to last drawn Net Salary at BMPLR (Conditions apply).

13.  Depositors eligible for Retail Loans as per the guidelines of respective loan facilities.

14.  Depositors eligible for Retail Loans as per the guidelines of respective loan facilities.

15.  Has Options for Flexi Deposit/Overdraft Facility

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