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Online Andhra Bank Savings Account Opening

Open Andhra Bank Saving Account

Last Updated 11th May 2021

Interest Rate 3.00%
Minimum Balance Requirement Rs. 150
Cash Withdrawal Limit --
ATM Transaction Charges --
Debit Card International Debit card
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.

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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.

Andhra Bank News - May 2021
  • 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.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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