Andhra Bank

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
AB Bancassurance (Non Life)
  • Retail Loans
  • Agricultural Loans
  • Corporate Banking
  • NRI Banking
  • NRI Products and Services
  • NOSTOR details for remittance
Western Union Money Transfer
  • 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

Andhra Bank

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Last Updated on 30th Oct 2012