Quick Answer: How Much Cash Can Be Deposited In Andhra Bank?

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..

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.

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 much money can be deposited in cash?

If you deposit more than $10,000 cash in your bank account, your bank has to report the deposit to the government. The guidelines for large cash transactions for banks and financial institutions are set by the Bank Secrecy Act, also known as the Currency and Foreign Transactions Reporting Act.

What is the limit of cash deposit in bank per day?

Rs 2 lakh per dayMaximum cash deposit limit: While there is no limit on the amount of cash deposit made in a home branch, the maximum limit for cash deposit at a non home branch is Rs 2 lakh per day.

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