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An Expert Guide For Allahabad Bank Accounts

The customers can easily open the account for purpose of keeping their money and getting interested on the same. The customers can open two type of deposit account with Allahabad Bank, one is saving bank account and the other is current deposit account. Here Clearly explained how to open Allahabad Bank Account.

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Allahabad Bank Account Types 

Savings Bank Account

As we get the idea from the name savings bank account, such accounts are intended for saving money for future. The main purpose of such account is to indulge people for saving money for future. Currently, there is no restriction as to how much and how many numbers of time the deposits can be made. The balance present in the account will earn interest as per the norms of Reserve Bank of India. Check Here Allahabad Bank Account Pros – Cons, Interest Benefits.

Current Deposit Account

The current account are active accounts that are opened by the customers in the different section of the public like traders, businessman, corporate bodies etc. who usually operate their account quite frequently in connection with their business. In such accounts, there is no restriction on the number of withdrawal and deposits. The current plus deposit scheme allows the customer to simultaneously enjoy services of both the current account as well as for Fixed Deposit account. You can also check here Bank Accounts with great benefits like Andhra Bank Accounts and ICICI Bank Accounts.

Allahabad Bank Corporate Account Registration & Login

Benefits for the corporate customers are as follows:

  1. Delivering of high value, reliable and comprehensive solutions.
  2. 100% CBS branches
  3. Coordinated deliveries by the bank.
  4. Unified CMS solutions.

Bank accounts of allahabad bank

For logging in the corporate bank account, the corporate bank account customer needs to have corporate id as well as user id and password.

You Can Also Check Here For Better Features Of Allahabad Bank

You can contact Allahabad Bank Customer Care for any help regarding Bank Account query’s, internet banking, mobile banking, and SMS banking.

FAQ’s Related to Allahabad Bank Accounts

  1. What are the Rate of Interest for the Saving Bank’s account?
View Answer
Interest on the balance of the account in savings bank account is allowed on daily product basis at the rate of interest advised by the reserve bank of India. Every six month the interest on savings bank account is paid.
  1. What is the minimum balance for Savings Bank account for the Cheque Book and without Cheque Book in general?
View Answer
Minimum balance in savings bank account with cheque book for general is rupee 500 for rural or Su branches and rupee 1000 for other branches.

Minimum balance in saving bank without cheque book for general is rupee 100 for rural or SU branches and rupee 500 for other branches of metropolitan cities.

  1. What are the initial deposit for the Current Account customers for different Branches?
View Answer
The initial deposit in cash required to open a current deposit account are as follow:

  • The minimum amount required to deposit for an individual in rural branches is rupee 1000 and rupee 3000 for other branches
  • The minimum amount required to deposit for other in rural branches is rupee 1000 and rupee 5000 for other branches in metropolitan cities.

4. What is the minimum balance that is required to be maintained in the                Current Accountant?

View Answer
The minimum balance required to be deposited is as follows:

  • The minimum balance for individuals in rural branches is rupee 1000 and rupee 3000 for other banks
  • The minimum balance for others in rural branches is rupee 2500 and rupee 5000 for other branches of metropolitan cities.

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