Andhra Bank
Facebook Twitter
Skip to navigation | Skip to main content

Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on adchelpdesk@andhrabank.co.in

logo
 
Andhra Bank Shubh Yatra (Holiday Saving Account)


Your advance planning and recurring deposit account in Andhra Bank will take you to your dream holidays. Andhra Bank in collaboration with M/s Thomas Cook India presents a unique savings plan for your holidays **Andhra Bank Shubh Yatra (Holiday Saving Account)**. Under this scheme you can save monthly in Andhra Bank RD account and avail a vacation package listed under Holiday Savings Account packages on Thomas Cook website.

 
  How Andhra Bank Shubh Yarta works:
  • Click here to visit Thomas Cook website and choose a package of your choice.
  • The cost of the package will be divided in 13 equal monthly amount. You will be redirected to the Andhra Bank internet banking where you can open a Recurring Deposit (Holiday Saving) account for 12 monthly.
  • Your Shubh Yatra (Holiday Saving Account) will earn interest as per the prevailing interest rates for the 12 month period.
  • At the end of 12 months, the maturity proceeds will be transferred to M/s Thomas Cook to pay for your pre-selected holiday package.
  • M/c Thomas Cook will fund the balance 13th instalment to purchase your package after factoring in the accrued RD interest and deducting TDS.
 
  Terms & Conditions for Andhra Bank Shubh Yatra (Holiday Saving Account):
  • This e-RD account is opened for enrolling in Holiday Savings Account scheme of Thomas Cook and therefore information on this account will be shared with Thomas Cook.
  • The tenor for this product is fixed at 12 months and the amount is decided by Thomas Cook based on the package chosen by the customer.
  • This e-RD account in INR will be generated in the name(s) of the account holder(s) as the account from which it is funded.
  • If this e-RD account is closed prematurely, the proceeds will be credited to the account from which the e-RD account was initially funded.
  • e-RD account with additional rate of interest for Senior Citizens will be issued if option for “Senior Citizen” is selected by the customer and age of customer is 60 yrs or above, on the date of creating the recurring deposit, as per date of birth recorded with Bank.
  • Premature closure of this e-RD account is allowed and the Bank's applicable premature withdrawal penalty will be applied.
  • Penalty in case of delay in payment of instalment of RD shall be Rs1.00 for every Rs. 100, per month.
  • On maturity of e-RD account, the maturity instruction set for the account will be executed and the proceeds will be transferred to Thomas Cook unless customer changes the maturity instruction, within 48 hours of maturity, to be credited to the Savings Account from which the e-RD account was funded.
  • The Bank will not be liable for any issues/ complaints/ loss arising due to non-fulfilment of terms by Thomas Cook India.
  • This e-RD account is subject to TDS. The TDS is applicable on the Customer Information File (CIF) value and the amount of TDS applicable cannot be ascertained beforehand. The application of TDS may reduce the amount of funds transferred to Thomas Cook at the time of maturity and hence it will be the sole responsibility of the Depositor to pay the difference to Thomas Cook to the extent of TDS amount.
 
chiclogo