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Andhra Bank


Andhra Bank

Andhra Bank

Hyderabad, Andhra Pradesh, India

Finance Products - Services,
Organization Firm Since 1923

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. The Bank's Total Business as on 30.06.2005 stood at Rs.43, 758 Crores and the Bank is rendering services through 1683 Business Delivery Channels, consisting of 1, 173 Branches, 137 Extension Counters, 335 ATMs and 38 Satellite Branches, spread over 21 States and 2 Union Territories as at the end of June, 2005. The Bank has entered into ATM Sharing Arrangements with State Bank of India, HDFC Bank, IDBI Bank, Indian Bank and UTI Bank, thus offering over 9, 000 ATMs spread across the Country for use by Customers. Instant Funds Transfer Facility is provided through 664 Branches.

Products :

NRI Services: -Particulars of NOSTRO Accounts Maintained by International Banking Division Mumbai. -List of branches authorised to handle / transact foreign Exchange. -Mandatory fields for Wire Transfer of funds in EUR to any Branches of Andhrabank. -Mandatory fields for Wire Transfer of funds in GBP to any Branches of Andhrabank. -Mandatory fields for Wire Transfer of funds in USD to any Branches of Andhrabank. International Business Services: Exporters: -Advising Letters of Credit established by foreign buyers -Obtaining Credit Report on buyers abroad -Negotiation of documents under Letters of Credit Collection of Bills -Packing Credit Finance in Indian Rupees -Packing Credit Finance in Foreign Currencies -Export Earners' Foreign Currency Account -Forward Exchange cover. Importers: -Opening Letters of Credits on behalf of Bank's Constituents -Issue of Bank Guarantees on behalf of Bank's Constituents -Collection of Bills -Obtaining reports on Exporters/Sellers abroad -Facility for remittance of proceeds by Mail Transfer/Teletransfer/Swift -Import loans in Foreign Currency -Loans for import of capital goods. Student Services, Services to International Tourists, Services to Businessmen, Services for Medical Treatment Abroad.

Product Catalog

Mutual Funds
A Mutual Fund is a pool of money collected from investors and is invested according to stated investment objectives. Mutual Funds could be Equity funds, Debt funds or bal....

Insurance Services
IndiaFirst Life Insurance Company Ltd. is a Joint Venture company of our bank in association with Bank of Baroda and L&G a foreign partner and started its operations. ....

OLTAS - Our Bank has been collecting direct taxes of different heads of accounts at the authorised branches and remitting the total day's collections on the same day to t....

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Contact Info

Andhra Bank

Credit Card Division
AB Buildings
Hyderabad - 500195 (Andhra Pradesh) India

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