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Andhra Bank
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Founded in 1923, by the eminent freedom fighter, Dr. Bhograju Pattabhi Sitaramayya, Andhra Bank has come a long way in Banking industry. Started with a paid up capital of Rs one lakh and an authorized capital of Rs 10.00 lakh, today it has a turn over of Rs 83,256 crores with a clientele base of over 1.74 Crores. Comprising of 1371 branches, 66 Extension Counters, 38 Satellite Offices and 664 ATMs, Andhra Bank is rendering its satisfactory services to a plethora of customers.
Adapting to the need of the day, Andhra Bank is stepping towards the Centralized Core Banking System with its 118 branches already computerized and a larger number of the same undergoing the process. Winner of the Best Bank Award, a banking technology award by IDRBT Hyderabad, Andhra Bank was amongst the first few banks to introduce Credit Cards in India in 1981. Banks is considering the proposal of entering into a joint venture in Malaysia in association with Indian Overseas Bank and Bank of Baroda.
Products and Services of Andhra Bank:
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Deposit Schemes
- AB Savings Accounts
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AB Current Accounts
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AB Term Deposits
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AB Arogyadaan Scheme
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AB Bancassurance Life
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AB Bancassurance (Non Life)
- Retail Loans
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Agricultural Loans
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Corporate Banking
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NRI Banking
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NRI Products and Services
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NOSTOR details for remittance
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Western Union Money Transfer
- Technology Products
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Multi City Cheque Facility
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On-Line Tax Accounting System (OLTAS)
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Real Time Gross Settlement (RTGS)
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Instant Funds Transfer
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ATM Services
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Any Branch Banking
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Electronic Clearing Service (ECS)
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National Electronic Funds Transfer
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Andhra Bank
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