How Much We Can Deposit In Andhra Bank?

Which is best private bank?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank.

ICICI Bank.

Axis Bank.

Kotak Mahindra Bank.

Yes Bank.

Federal Bank.

IndusInd Bank.

RBL Bank.More items…•.

Which bank has the lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

What happens if minimum balance is not maintained?

Failing to do this attracts and non-maintenance penalty. The minimum balance requirement could range anywhere between Rs 5,000- Rs 10,000 depending on the lender. … If a customer fails to maintain this amount in an account, the bank will now charge a penalty of up to Rs 75 per month.

How many transactions are free in ATM?

fiveTransactions at a bank’s own ATM (On-Us transactions) at any location: Banks should offer their savings bank account holders a minimum of five free financial transactions in a month, irrespective of the location of ATMs. Any number of non-cash withdrawal transactions will be provided free.

How many years FD will double?

To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 6.95%, then the number of years in which your FD will get doubled is 72/6.95= 10.36. Thus, it will take 10 years for your FD to get doubled.

What is the penalty for not maintaining minimum balance in Andhra Bank?

The minimum balance requirement is Rs. 100 and deposits can be made from any branch of Andhra Bank. With the new Abhaya Plus Savings scheme, customers get accidental insurance facility for a premium of Rs. 18.

What is the minimum amount in Andhra Bank?

Andhra Bank Savings Account Minimum BalanceType of Savings AccountMinimum Balance RequiredAB Kiddy BankRs. 100AB Easy Savings (No-frills account)Rs. 5AB Super Salary SB AccountRs. 5000AB Platinum Savings Bank AccountAQB: Rs. 5,00,0002 more rows

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Is Andhra Bank Safe?

Compared to the appropriate industry loan to deposit level of 90%, Andhra Bank’s ratio of over 70.02% is sensibly lower and within the safe margin, which positions the bank cautiously in terms of liquidity as it has not disproportionately lent out its deposits and has retained an apt level of deposits.

Which is the best bank to bank with?

What are the top 10 banks in the United States?Wells Fargo.Citibank.U.S. Bank.Truist Bank.PNC Bank.TD Bank.Capital One.HSBC.More items…

How can I stop a Cheque in Andhra Bank?

Stop Cheque – Customer can place a request for stop payment of their Cheque….Own – Customer can transfer within their own accounts.Within – Customer can transfer to other Andhra Bank account using A/c No or Mobile no. … NEFT– Customer can transfer to other Bank accounts through this option within NEFT working hours.More items…

How much cash can be deposited in Andhra Bank?

1 crore and no Maximum limit. However, branches have to obtain prior permission from Corporate Planning department, Head Office before accepting/renewing the deposits of above Rs. 10 cr.

Can I deposit money in any branch of Andhra Bank?

Taking its service commitment to its customers to a different level, Andhra Bank has set up a 24×7 cash deposit facility at its Seetammadhara Branch by introducing a cash deposit machine. The first such machine in any branch of Andhra Bank in the Visakhapatnam Zone was inaugurated by industrialist and customer M.

How many times we can withdraw money from ATM in a day?

10,000 per withdrawal. Henceforth, you may have to withdraw 4 times to get the maximum amount. It also depends on the limit set on the ATM machine.

Is Andhra Bank a government bank?

Andhra Bank (BSE: 532418, NSE: ANDHRABANK) was a medium-sized public sector bank (PSB) of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines (ATMs) as of 31 March 2019. … The Government of India owned 90.85% of its share capital as on 31 March 2019.

How many transactions are free in Andhra Bank ATM?

Ten transactionsTen transactions per month are allowed free in all locations of our ATMs (inclusive of metro and non metro besides eligible free transactions in other Bank ATMs. Beyond ten charges Rs. 20 + applicable GST will be levied for each transaction.

What is the interest of 1 lakh in Andhra Bank?

Andhra Bank Fixed Deposit Calculator 2020TenureRatesMaturity Amount for ₹ 1 Lakh1 year5.25% to 5.75%₹ 1,05,354 – ₹ 1,05,8751 year 1 day to 3 years5.25% to 5.75%₹ 1,05,369 – ₹ 1,18,6813 years 1 day to 5 years5.30% to 5.80%₹ 1,17,128 – ₹ 1,33,3655 years 1 day to 10 years5.40% to 5.90%₹ 1,30,779 – ₹ 1,79,6237 more rows•Oct 11, 2020

Which bank has highest FD interest rate?

IndusInd BankBest FD Interest Rates in IndiaFD TenureHighest FD RateBanks with highest FD rate1 year FD7.00%IndusInd Bank2 year FD7.00%IndusInd Bank, Jana Small Finance Bank, Yes Bank3 year FD7.50%Jana Small Finance Bank5 year FD7.00%Jana Small Finance Bank

How much money we can deposit in CDM?

Maximum cash deposit limit : In case of a cardless transaction, the maximum limit is Rs 49,000 in a day, while for cash deposit using debit card, the maximum limit is Rs 2 lakh in a day.

How can I get fixed deposit in Andhra Bank?

AB Fixed DepositsMinimum Period – 7 days (Minimum size of deposit is Rs. … Maximum Period – 10 years.The minimum period is 6 months and maximum is 10 years.Simple interest is paid on maturity of the deposit.Interest will be paid on monthly basis (at discounted rate) or quarterly basis as desired by the depositor.More items…

What is the limit of cash withdrawal from ATM per day?

Country’s largest lender State Bank of India (SBI) offers seven types of ATM-cum-debit cards to its customers. Depending upon the variant of the card, the daily cash withdrawal limit ranges from ₹20,000 to ₹1 lakh.