After demonetisation in india, Use of Andhra Bank Debit Card, Credit Cards, UPI payments, and online banking has increased significantly. Andhra Bank is well known Bank in India. Andhra Bank provide various services to its retail as well as corporate Bank customers. Andhra Bank Bank Account holders can avail services like Fund transfer, Bill Payment, Apply for a new Andhra Bank Debit Card, Apply for a new Andhra Bank Credit Card, open a new FD/RD account and book tickets and much more without paying any additional charges or fees provided that they have an internet connection and their mobile number is registered with the Andhra Bank.
Rai Bahadur Lala Sohan Lal the first Chairman of the Bank, founded Andhra Bank popularly also know as Andhra Bank Bank in 1943 in Lahore. Within four years of its coming into existence, Andhra Bank had to face Partition. The bank had to close down its branches in the newly formed Pakistan and shift its registered office from Lahore to Amritsar. The bank was nationalised on 15 April 1980. At that time, Andhra Bank ranked 19th among the 20 nationalised banks.
As per March 2018 - 2019 annual report, Andhra Bank has 2390 branches and 2625 ATMs pan India. On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Andhra Bank and United Bank of India would be merged with Punjab National Bank.
Andhra Bank offer a wide range of debit cards to their customers to choose.
Debit Card is an instrument that can be used to:
Andhra Bank debit card come with a wide range of benefits for its bank customers. Using this Card, ATM Services and purchase facility at Point Of Sale (POS) Terminals can be availed by the Andhra Bank Card Holders. ATM Card holder of our Bank is also able to use ATMs of NFS and VISA member Bank
|Service Charges (with effect from 01.04.2020)|
|Charges for 1st year of usage||Nil|
|Charges for subsequent year to be charges annually from the date of card issuance.||For other than waived accounts as above.
Classic – Rs. 125 + GST
Platinum – Rs. 150 + GST
Signature – Rs. 200 + GST
Business – Rs. 200 + GST
|Card Reissuance upon loss / damage etc||Rs. 100 + GST|
|Generation of physical debit card PIN despatched to branch.||Rs. 50 + GST|
|Cash withdrawal at other Bank’s ATM||Beyond free transactions as above.
Rs. 20/- + GST
Non Financial Transaction-
Rs. 8/- + GST
All International financial transactions:
Rs. 125 + GST
All International non financial transactions:
Rs. 35 + GST
|Currency conversion charges for International financial transaction amount.||2.5 % of transaction amount|
|Account Tier Classification||Card Variant|
|Average quarterly Balance||Less than Rs. 3000/-||Rs.3000 & above|
|Daily withdrawal limit –ATM||25,000/-||40,000/-|
|Daily shopping limit-PoS||25,000/-||60,000/-|
|Total Daily limit||50,000/-||1,00,000/-|
Andhra Bank - Andhra Bank: offers different types of debit cards choose from the list given below based on your preference and charges and advantages you are getting with these Andhra Bank Debit Cards.
|Account Tier Classification||CARD VARIANT|
|Average quarterly Balance / Account Balance||Nil||AQB of Rs.5000 and above or balance of Rs.15000 at the time of issuance of the card||AQB of Rs1,00,000/- or Balance of Rs.50,000 at the time of issuance of the card||AQB of Rs1,00,000/- or Balance of Rs.40,000 at the time of issuance of the card|
|Daily withdrawal limit -ATM||25000/-||75000/-||1,00,000/-||1,00,000/-|
|Daily shopping limit-PoS||50000/-||150000/-||3,00,000/-||3,00,000/-|
|Total Daily limit||75000/-||225000/-||4,00,000/-||4,00,000/-|
Andhra Bank Business Platinum Debit card on VISA platform is available for current account holders of our Bank under a) Individual b) proprietorship c) Partnership and d) HUF (Karta). It enables easy and anytime, anywhere access to cardholder’s own funds.
The following are the features of Andhra Bank Business Platinum Debit card:
|*Average quarterly Balance to be maintained||Rs. 1 lac and above|
|Daily withdrawal limit –ATM||Rs. 50,000|
|Daily shopping limit-PoS and online||Rs. 2 lacs|
|Total Daily limit||Rs. 2.5 lacs|
|Insurance amount||Accidental death insurance of Rs.2 lacs will be applicable to each partner to whom debit card will be issued.|
*Andhra Bank Business Platinum Debit card shall be issued only to those current account holders who maintain AQB of Rs.1 lac and above
Yearly charges of Rs 500.00 plus GST shall be levied to the card holder for non-maintenance of AQB of Rs 1 lakhs from the next quarter.
Other benefits of Business Debit card given by VISA to card holders:
a)Lounge access program
Visa lounge access program allows 2 complimentary accesses per quarter to Business Platinum cardholders
b)Visa Commercial Offers
Visa has a suite of exciting and relevant offers that make doing business more rewarding with Visa Business Cards. The offers are spanned across categories like Accommodation, Business Travel, Business Services, Car rental, Office Spaces, etc. Discount varies from 15% to 25 % depending on the services availed by the card holder.
Tired of waiting in queue at retail outlets for your small purchases? Try our Union Bank Contactless Debit Card for payments below ₹ 2000/- and save your time. To delight you more, we have waived the average quarterly balance requirement to avail it.
|Classification||VISA Paywave (Contactless)|
|Average quarterly Balance||Not Applicable|
|Daily cash withdrawal limit – ATM||Rs. 25,000/-|
|Daily shopping limit-PoS & internet||Rs. 25,000/-|
|Total Daily limit||Rs. 50,000/-|
|Per transaction limit for contactless mode||Rs. 2,000/-|
|Per day max. limit for contactless mode transactions||Rs. 5,000/-|
|Per day Max. number of contactless transactions per day||5|
|Issuance Charges||Rs. 150/- plus GST|
|Accidental insurance covered||Rs. 2,00,000/-|