Andhra Bank

Established in 1923, Andhra Bank is one of the prominent banking institutions in India. The bank is headquartered in Hyderabad and carries out its operations with a huge countrywide network consisting of 1557 branches, 859 ATMs and 48 extension counters. The bank is famous all over India for its variety of retail loans, deposit schemes, corporate banking, agriculture loans, NRI banking and technology products and services.

About Andhra Bank

Andhra Bank was established in 1923. The Chairman and Managing Director (CMD) of the bank is R.S. Reddy. It is one of the leading public sector banks in India. The operations of Andhra Bank are spread out over 23 states and 3 union territories of India. The bank has inaugurated 125 branches in 2010. All the branches of the bank are fully computerized. Andhra Bank has also introduced solutions like Any Branch Banking (ABB) and Centralized Core Banking Solution. The bank also has ATM sharing facilities with many banks which include IDBI Bank, the State Bank of India Group, HDFC Bank, Axis Bank, Indian Bank and other banks coming under the National Financial Switch Network.

Some branches of the bank have also introduced facilities like National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS). The bank has set up a number of ATMs to provide value-added services to its customers.

The Internet banking facility and rail ticket booking facility are also popular facilities offered by the bank. Andhra Bank has representative offices in New Jersey and Dubai.

Products and services of Andhra Bank

Andhra Bank offers a suite of products and services to its retail and corporate customers which include the following:

Deposit Schemes

1) AB Savings Accounts

1. AB Abhaya SB A/c
2. AB Easy Savings (No-frills account)
3. AB Kids Kazhana
4. AB Abhaya Gold SB A/c
5. AB Freedom Savings Account
6. AB Jeevan Abhaya Scheme

2) AB Current Account

1. AB Insurance Linked Current A/c

3) AB Term Deposits

1. AB Kalpataruvu Deposits
2. AB Fixed Deposits
3. AB Jeevan Prakash
4. AB Recurring Deposits
5. AB Jeevan Prakash Plus

4) AB Other Schemes

1. AB Student Care
2. AB Arogayaadan Scheme
3. ABBancassurance (Non Life)
4. AB Bancassurance Life
5. AB Advance Against Rentals Receivables

Retail Loans

1. AB Dr. Pattabhi Vidya Jyothi
2. AB Housing Loans
3. AB Personal Loan
4. AB Vanitha Vahan
5. AB Clean Loans
6. AB Vehicle Loans
7. AB Mortgage Loans

Agriculture Loans

AB Pattabhi Agricard AB Kisan Vikas Card AB Rural Godowns AB Kisan Chakra AB Kisan Sampathi AB Agri Clinics/Agro Service Centers

AB Self Help Groups-Bank Linkage Programme AB Andhra Bank Kisan Green Card AB Kisan Bandhu - Tractor Financing AB Solar Cookers AB Surya Sakthi

Other Schemes

1. AB For Financing To Dairy Agents
2. AB Finance Purchase of Land for Agri Purpose

Corporate Banking

1) Large Corporates

Export & Import Finance Working Capital Loans Sub BMPLR Finance Bill Finance Advance against Shares Foreign Currency Loans Advance to Real Estate Developers Advance against Rent Receivables

Bridge Loans Term Finance Project Finance Corporate Loans Takeover Accounts Infrastructure Project Finance Non Fund Based Limits

2) Small & Medium Enterprises

NRI Banking

1. NOSTRO details for remittance
2. NRI Products and Services
3. Western Union Money Transfer

Technology Products

On-Line Tax Accounting System (OLTAS) Multi City Check Facility Instant Fund Transfer (IFT List) Real Time Gross Settlement (RTGS)

Any Branch Banking ATM Services Electronic Clearing Service (ECS) Electronic FundTransfer (EFT)

Andhra Bank Contact Details:

Andhra Bank
Head Office
Dr. Pattabhi Bhavan
5-9-11, Saifabad
Hyderabad - 500 004 (A.P.)
Phone: 040 – 23210234


Toll Free Number: 1800 425 2905


http://www.andhrabank.in/