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Online Andhra Bank Savings Account Opening

Open Andhra Bank Saving Account

Last Updated 16th Jul 2021

Interest Rate 2.90%
Minimum Balance Requirement Rs. 150
Cash Withdrawal Limit --
ATM Transaction Charges --
Debit Card International Debit card
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
Exclusive offers on Demat & Lockers
OPEN YOUR ACCOUNT DIGITALLY NOW
Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
Apply for Savings Account

Andhra Bank Savings Account Opening

Andhra Bank Savings accounts in Andhra Bank can be opened online or offline. To open Andhra Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening Andhra Bank Savings Account Online

To open the savings account online in Andhra Bank, you have to follow these steps:

  • Step 1: First, visit the official website of Andhra Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: Andhra Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, Andhra Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open Andhra Bank Savings Account at Branch

To open a savings account with Andhra Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in Andhra Bank

You have to fulfil the following eligibility criteria to open a savings account in Andhra Bank:

  • Savings Account can be opened by an individual or jointly by two or more individuals.
  • The age limit for opening the account is 5 years or more and below 75 years.

Open saving account with Other Banks online

FAQs

How can I open a savings account in Andhra Bank?

You can open a savings account in Andhra Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in Andhra Bank?

Yes, you can open a savings account online, by applying for it through the Andhra Bank’s official website.

What is the minimum balance in Andhra Bank?

The minimum balance required to open a savings account in Andhra Bank is Rs. 150.


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Andhra Bank News - Jan 2022
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-01 : Andhra Bank customers to get new cheque books
    Corporation Bank and Andhra Bank has been merged with Union Bank, and likewise, the customers of the two banks have been asked to get a new chequebook with the latest security features.
  • 2017-09-12 : Andhra Bank cuts interest rate on savings account to 3.5 per cent
    Public sector lender, Andhra Bank has lowered interest rate on its savings bank account to 3.5 per cent in line with market competition. Now, deposits of up to Rs. 50 lakh will attract a 3.5 per cent interest rate from 4 per cent charged earlier. The revised rates will be effective from September 15th September, 2017.
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