Andhra Bank is a medium-sized public sector bank, with over 2500 branches across India. Andhra Bank opened its branches in New Jersey, USA and Malaysia. Andhra Bank is 100% CBS as on date benefiting the customers, who have access to banking and financial services anytime, anywhere through multiple delivery channels. Andhra Bank has ranked No.1 in terms of number of Life Insurance Policies mobilized amongst all the agency banks dealing with the Life Insurance Corporation of India.
Products & Services
The products and services which are provided by the bank are mainly categorised into businesses of Retail, Corporate, NRI, MSME, and Agricultural industries.
Under the Retail Business, the bank offers deposits, loans, cards, DMAT services, P payment services, insurance, and mutual funds to individual customers.
Under the Corporate Business, the bank offers loans & advances, project appraisals, and loan syndication.
NRI business segment
Under the NRI business segment, the bank offers Deposit schemes, loans, remittance services, and investment services to the non-resident Indians.
Under the MSME business segment, the bank offers different schemes that aimed at providing loan and transaction services to Micro Small and Medium Enterprises (MSME). Some of the MSME schemes available are OTS Scheme, Composite loan scheme, Open cash credit (OCC), Artisans Credit Card (ACC), AB Laghu Udhyami Credit Card (LUCC), AB Power Tools (Shakti), Technology upgradation fund scheme (TUFs), Credit guarantee fund trust for small industries (CGTSI), AB Doctor Plus...etc.
Agriculture business segment
Under the Agriculture business segment, bank provides different credit schemes to farmers, Women Empowerment schemes, and Andhra Bank Rural Development Trust (ABRDT) helps Rural Self Employment Training Institutes (RSETIs).
The Banks Registered Office is located at
5-9-11, Dr Pattabhi Bhavan,
Secretariat Road, Saifabad
Hyderabad 500 004. Telangana
Ph: 040- 23252000.