Salient Features of Kiddy Bank Account

Who can open

• Children upto the age of  18 years (only minors)
• Minors who have completed 10 years  i.e., children in the age group of 10-18 years can open these accounts in their names to be operated by themselves on production of proof of date of birth

AB Abhaya Plus is Savings bank account with Accidental Insurance facility covering death / partial or permanent disability.

Premium   Rs.18/-  Service Charges Rs.18/- + Service Tax

The maximum coverage is up to Rs 50000/-.

Add value to your Savings account by opening this new abhaya plus savings scheme.

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

SAVINGS BANK ACCOUNT WITH ACCIDENTAL INSURANCE

• Eligibility
  Individuals, either single or joint

SAVINGS BANK ACCOUNT WITH ACCIDENTAL INSURANCE

• Eligibility
  Individuals, either single or joint

AB Jeevan Abhaya is a Savings Bank Account launched in association with M/s IndiaFirst Life Insurance Co. Ltd., which provides Group Life Insurance Cover with Accident Death Benefit.

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 Solution.

CURRENT ACCOUNT WITH ACCIDENTAL INSURANCE

Eligibility
Individuals, JHF, Proprietary concerns, Partnership firms, Accounts of Overdraft/ Cash credit/ Pattabhi Agri Card

Andhra Bank has introduced a Deposit Product " AB PREMIUM CURRENT ACCOUNT "

The salient features of scheme :

Title of the Scheme
AB Premium Current A/c

Recurring deposit scheme is meant for steady and gradual saving for individuals to build-up savings through regular monthly deposit of a fixed sum over a fixed period and mobilizing savings of those who get income on monthly basis and can afford to set apart a portion of their income. It helps the depositors to accumulate their savings over a period to meet future contingencies...

We are glad to inform you that our Bank has launched AB Freedom (Flexi) Deposit Scheme from 27.08.2008. The salient features of the scheme are :

Nature of the Scheme
A Savings Account and Term Deposit Account combined for convenience of customers

We are pleased to announce a new Term Deposit Scheme   AB DOUBLE     with effect from 8th August 2008. This scheme is intended to all those depositors who are keen to see their amount doubled after a specified period of time so as to take care of their future commitments.

"AB Money Time" Monthly Income Deposit Scheme
Monthly Income Deposit will contribute to the sustenance or a source or regular income to the customers by way of Monthly income

Andhra Bank has launched a Term Deposit Scheme called "AB Tax Saver", offering Tax benefit to the assessees as per Union Government Notification No.203/2006 dated 28.07.2006.

Salient Features of the Scheme :

An Individual or A Hindu Undivided Family ( Only IT Assessees with PAN)

• This is a Cumulative Term Deposit
• Minimum Amount to be deposited is Rs.100
• There is no maximum ceiling
• The minimum period is 6 months and maximum is 10 years

• This is a Cumulative Term Deposit
• Minimum Amount to be deposited is Rs.100
• There is no maximum ceiling
• The minimum period is 6 months and maximum is 10 years
• The interest is compouned quarterly and paid

• There is no maximum ceiling
• The minimum period is 6 months and maximum is 10 years
• Interest is quaterly compounded
• Prevailing Interest rates are as follows:

INDIAFIRST LIFE INSURANCE COMPANY LTD.

IndiaFirst Life Insurance Company Ltd. is a Joint Venture company of our bank in association with Bank of Baroda and L&G a foreign partner and started its operations.

To provide a host of various financial products and services to our customers, Andhra Bank has tied up with M/s United India Insurance Co. Ltd as their Corporate Agent.

Under the arrangement, various Non-life & General Insurance products of M/s United India Insurance Co. Ltd

"AB AROGYADAAN SCHEME" is a Group Mediclaim Health Insurance scheme introduced in association with M/s United India Insurance Company Limited & administered by Family Health Plan Ltd (TPA)

AB Arogyadaan successfully meets the Hospitalization expenses of your family at a very affordable (nominal) premium, thus taking care of your HEALTH & WEALTH simultaneously.

Any individual on his behalf or on behalf of a minor of whom he is Guardian or HUF or an association of persons or body of individuals can subscribe for PPF fund. NRI's cannot open accounts under this scheme.

60 years (55 years for those who have retired on superannuation or under a voluntary or special voluntary scheme). The retired personnel of Defence Services (excluding Civilian Defence Employees) shall be eligible to invest irrespective of the age limits subject to the fulfillment of other specified conditions