Andhra Bank IFSC, Surat

Andhra Bank is a medium – sized public sector bank (PSB) of India which was founded by the eminent freedom fighter Dr. PattabhiSitarmayya in 1923.The headquarters of Andhra bank is in Hyderabad, Telangana, India.

The bank has a network of 2803 branches, 4 extension counters, 38 satellites offices, and 3636 ATMs. At present the bank operates in 25 states and three Union Territories.

The bank has a tie – up with various financial institutions like Kotak Mahindra Bank, Reliance, Birla Sun Life Mutual Fund and Fidelity Mutual Fund, assisting them in sales of their mutual Fund products. The bank has also signed an agreement with Memorandum of Understanding (MoU) with Maruti Suzuki ltd. for financing four wheeler vehicles.

Andhra bank offers a wide range of products and services to its customers such as consumer banking, corporate banking, finance and insurance, private banking wealth management, social, agricultural, international and corporate banking services.

IFSC Code of Andhra Bank, Surat

Reserve Bank of India (RBI) has launched IFSC codes which stand for Indian Financial System Code. This code was introduced by the RBI in order to ensure security and safety of the transactions. IFSC Code also helps in indentifying the bank and branch where the account of the beneficiary is held. RBI has also mandated IFSC code for different bank transactions. The IFSC code helps in recognizing each and every bank and its branches separately. The IFSC Codes follow two payment and settlement systems in India which are as follows:

• RTGS (Real Time Gross Settlement)
• NEFT (National Electronic Fund Transfer)

IFSC Code is 11- digit code assigned by the Reserve Bank of India (RBI) to every bank as a part of NEFT / RTGS. Andhra Bank IFSC code define below -

In IFS Code

1. First four characters identify the bank name i.e. ANDB
2. The fifth character is always 0
3. And the last character represents the branch address i.e. 001713

[The IFS code used in above example is of Gujarat, Surat, Gandhinagar i.e., “ANDB0001713”].