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:
- Deposit Schemes
- AB Savings Accounts
- AB Current Accounts
- AB Term Deposits
- AB Arogyadaan Scheme
- AB Bancassurance Life
- Retail Loans
- Agricultural Loans
- Corporate Banking
- NRI Banking
- NRI Products and Services
- NOSTOR details for remittance
- Technology Products
- Multi City Cheque Facility
- On-Line Tax Accounting System (OLTAS)
- Real Time Gross Settlement (RTGS)
- Instant Funds Transfer
- ATM Services
- Any Branch Banking
- Electronic Clearing Service (ECS)
- National Electronic Funds Transfer
|
|
Bank of America | Indian Banks |
Last Updated on 30th Oct 2012
