This scheme has been introduced in order to mobilize new current accounts. This scheme will initially be introduced at selected branches which are proposed to be covered under ‘Centralised Banking Solution’. The salient features of the AllBank Premium Current Account are furnished below.
25% discount on all Service Charges across the board for transactions through the account for Any Amount and Any number of Times.
25% discount on Processing Fees across the board for all types of Retail Loans from the branch.
Instant credit of all outstation cheques up to Rs.25,000/-.
In Rural branches, the account holders are required to maintain a minimum balance ofRs.10,000/- in the account.
In other branches, the account holders are required to maintain a minimum balance ofRs.25,000/- in the account.
If the stipulated balance is not maintained in the account, a penalty of Rs.50/- will be levied once in a month. However, if the balance continues below the stipulated minimum balance for more than six months, the account will cease to be considered as AllBank Premium Current Account.
Closure of account will attract a service charge of Rs.200/-.
Existing current account holder can shift to AllBank Premium Current Account by giving an application along with a declaration.
For more details,please contact the Allahabad Bank nearest to you