Types of Andhra Bank Savings Account

Andrha Bank is one of the best public sector banks in India. Its customers can operate their accounts from over 2528 global branches and also via ATMs. To cater to the different needs of every customer, Andhra Bank offers a range of savings account options.  In this post we will list down the types of Andhra Bank Savings Account on offer. This will help you to open Andhra Bank account that best suits your needs. For your information the format of the Andhra bank ifsc code is ANDB0xxxxxx where the last 6 digits (xxxxxx in this case) is the branch code.

  • AB Diamond Savings Bank Account

This account is created exclusively for highly paid salaried employees of reputed corporates, and government employees. This account has its advantages for special individuals with high net worth.

  • AB Platinum Savings Bank Account

This is also for well paid employees with high net worth. It has got benefits like priority locker allotment and unlimited cheque book facility.

  • AB Kiddy Bank

This type of account is for minors in the age group of 10 to 18 years. The minimum balance required is only Rs.100.

  • AB Abhaya Plus

This account provides benefits like accidental insurance facility for a premium of Rs.18. The insurance offers coverage of up to Rs.50,000 with protection against death and partial or permanent disability.

  • AB Easy Savings No Frills Account

This account comes with no service charges and no restrictions on the number of withdrawals in the account. Only a minimum balance of Rs.5 has to be maintained.

  • Abhaya SB Account

This type of account provides personal accident insurance cover against death or partial/ permanent disability for up to Rs.50,000 per person. This can be held jointly or singly.

  • Abhaya Gold SB Account

This gives insurance cover worth Rs.1 lakh per person covering death or partial/ permanent disability with a premium of Rs.45 per person.

  • AB Jeevan Abhaya Scheme

This type of account offers accidental death benefit and group insurance cover to the account holders. This account is only for applicants between 18 to 55 years.

  • AB Super Salary SB Account

This is a zero-balance account for salaried employees of reputed organizations. It also offers benefits like, free ATM, free internet banking, debit and credit card etc.

  • Abhaya First Wealth Pack

This type of account combines the advantages of four products – Life insurance cover, unit linked plan, recurring deposit and savings bank account. With gold, silver and platinum packs, this provides more flexibility and control over money.

  • AB Jeevan Abhaya Double Plus

This type of account offers life insurance coverage of Rs.5 lakhs. The one year renewable group term insurance scheme covers accident and death due to natural causes.

  • AB Jeevan Abhaya Triple Plus

This account offers one year, renewable group term insurance scheme which covers death due to natural causes and accident at nominal premium amount. Customers should be aged between 18 to 55 years. The total coverage provided is Rs.10 lakhs.

  • AB Little Stars and AB Teens

This type of accounts is for minors. It provides advantages like issuance of exclusive savings pass book and specially crafted withdrawal booklet. To teach the younger generation about new-age banking, RuPay cards, internet and mobile banking facility is offered with this account.