Andhra Pragathi Grameena Bank (APGB) Saving Account Minimum Balance Limit & Charges

Andhra Pragathi Grameena Bank is a very reputed regional, rural bank in India. The bank was established in the year 2006 as a scheduled commercial bank. The bank provides exceptional facilities to the rural natives of Andhra Pradesh.  It is headquartered at Kadapa and this bank was formed after the efforts of Syndicate bank when 3 rural banks were amalgamated to form Andhra Pragathi Grameena Bank.

If you are having a saving account with this bank and want to know the minimum balance limit and charges then you can access all the information here.

Minimum balance limit for saving bank account

The saving account in Andhra Pragathi Grameena Bank can be opened by individuals, joint owners, professionals, organizations, charitable and religious institutions, government bodies etc. Rate of interest is 3.5% per annum for saving account balance.

The bank provides nomination facility as well while opening the saving bank account.

Minimum deposit details for Andhra Pragathi Grameena Bank saving account are as follows-

  • Without the cheque book facility in rural and semi urban regions – 250 rupees
  • Without cheque book facility in urban areas- 500 rupees
  • With cheque book facility in rural and semi urban areas – 1000 rupees
  • With cheque book facility in urban areas- 2000 rupees

Charges for not maintaining the minimum balance in Andhra Pragathi Grameena Bank saving account

The charges for not maintaining the minimum balance in Andhra Pragathi Grameena Bank saving account is rupees 10 plus service tax. This charge will be calculated on a monthly basis.

Complete details can be accessed from http://www.apgb.in/products-services-deposits.php.

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