Investment
in India - Banking System
Banking System - Top Banks In India
Andhra Bank In
India
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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
www.andhrabank-india.com
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