Andhra Bank Of India

Andhra Bank was founded by Dr.Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs.

Andhra Bank total business as on 31.03.2005 stood at Rs.45,461 Crores and the Bank is rendering services through 1,672 Business Delivery Channels, consisting of 1,168 Branches, 136 Extension Counters, 330 ATMs and 38 Satellite Branches, spread over 21 States and 2 Union Territories as at the end of March, 2005.

The Bank has entered into ATM sharing arrangements with IDBI, UTI Bank, SBI, Indian Bank, HDFC Bank, thus offering over 9,000 ATMs spread across the country for use by Customers. Instant Funds Transfer Facility is provided through 566 Branches.

Andhra Bank Services

Andhra Bank India provides a number of good services to both domestic customers as well as NRIs. In India it supports Small Scale Industries as well as big business with its attractive and easily available loan schemes. The following are few of the services at a glance:

Personal Baning

• Savings account
• Current account
• Term deposits
• Loans

Corporate Banking

• Small Scale Industries
• Loans against Shares and Securities

International Business Services

• Assistance to Exporters in India
• Assistance to Importers in India
• Services to International Tourists
• Student Services
• Services to Businessmen
• Services for Medical Treatment Abroad

NRI Services

• FCNR(B)
• NRE
• ONR
• Loans to NRIs
• Transfer of funds to and out of India
• Travelling NRIs
• Currency Exchange
• Baggage Rules

Andhra Bank Credit Card

The first international credit card was issued to a restricted number of customers by Andhra Bank in 1987 through the Visa program, after getting special permission from the Reserve Bank of India.

Andhra Bank has also launched Co-Branded card with ICFAI University. This Andhra Bank Credit Card helps the student in the following ways:

• Register Online for the examinations and download the admit card immediately there by avoiding the anxiety of waiting for up linking of admit card on the website from Hyderabad.
  
  
• Timely payment of Annual Service charges and have uninterrupted services.
  
  
• Avoid going to the Bank each time to get a demand draft for making any payment to ICFAI.
  
  
• Avoid the bank charges for making the demand draft.
  
  
• Get interest free credit period of a maximum of 45 days.

Andhra Bank Loans

Like all other Indian and Foreign Banks, Andhra Bank also has a package of loans to suit every individual in the country with a competitive interest rates. The following are the five loans which Andhra Bank provides:

• Housing Loans
• Educational Loans
• Automobile Loans
• Consumer Loans
• Contingency Loans

Andhra Bank Head Office

Andhra Bank
JC Road,
Bangalore - 560002.

Phone: +91-80-248 8856.

Andhra Bank Website