Andhra Bank

RBI has allotted IFSC codes to all the bank branches in India to easily identify transactions done through a particular branch. IFSC codes are unique 11-digit codes with alphanumeric characters, which are given to all bank branches and the code won't repeat. It is mandatory to enter IFSC code or MICR code to identify the branches to perform fund or cash transactions. Without this code the bank branches can't transfer funds.

These codes help the users to ensure that the transferred funds go to the right person, without any errors.

For example, we can take “ANDB0002714” - IFSC Code of Andhra Bank branch in Koti Sultan Bazar, Hyderabad, Telangana. This IFSC code can be used for online money transactions via NEFT, RTGS and IMPS to any Andhra Bank account or to other bank accounts.

• Here, the first four alphabets, ANDB, indicate the bank name, i.e., Andhra Bank.
• The fifth digit is 0 (zero) - provided for future use
• The last six digits 002714 - denotes a particular branch of Koti Sultan Bazar, Hyderabad, Telangana.

The Indian Financial System Code in short denoted as IFSC is used for online payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service (IPM), from one bank to another through electronic Instant Mobile Money Transfer service (IMPS), and Centralized Funds Management System (CFMS) instructed by RBI.

According to RBI guidelines, the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India. With help of IFSC codes and MICR codes, the online fund transfers are made easy without any confusion.

Easy way to find Andhra Bank IFSC Code and MICR Code?

If the customer knows the full name of the bank and its branch location, then it is easy to find IFSC codes and MICR codes within a few seconds. The customer can find MICR codes and IFSC codes which are printed on passbook and cheque books/ leaves issued by Andhra Bank.

The website of Reserve Bank of India also offers the entire list of IFSC codes required for the account holder. The customers can also enter into the bank’s official website. Customers must feed some bank details like the state in which it is located, the district in which it is located and branch name to get IFSC codes or MICR codes.

Andhra Bank Branch Details

• Andhra Pradesh

• Assam

• Bihar

• Chandigarh

• Chhattisgarh

• Delhi

• Goa

• Gujarat

• Haryana

• Himachal Pradesh

• Jammu And Kashmir

• Jharkhand

• Karnataka

• Kerala

• Madhya Pradesh

• Maharashtra

• Meghalaya

• Odisha

• Puducherry

• Punjab

• Rajasthan

• Sikkim

• Tamil Nadu

• Tripura

• Uttar Pradesh

• Uttarakhand

• West Bengal

About the Andhra Bank

• Andhra Bank was founded by Bhogaraju Pattabhi Sitaramayya at Machilipatnam in 1923. The bank was registered on 20 November 1923 and commenced its business on 28 November 1923 with a paid-up capital of ₹1,00,000 and an authorized capital of ₹10,00,000. It had its headquarters in Hyderabad, Telangana (formerly combined Andhra Pradesh). It was a medium-sized public sector bank. Raja Yarlagadda Sivarama Prasad was the individual who committed the financial resources for starting the institution.


• In 1964, this bank was merged with Bharat Lakshmi Bank and further consolidated its position in Andhra Pradesh. During the second phase of nationalization of commercial banks commenced in April 1980, this bank became wholly Government-owned.


• The bank introduced Internet Banking Facility (AB INFI-net) to all customers of cluster linked branches. Through a separate gateway, the facility of Rail Ticket Booking was made available to all debit card holders as well as to internet banking customers through IRCTC Website. The bank Corporate Website is available in English, Hindi and Telugu Languages communicating Bank's image and information. It has been given the 'Best Bank Award', a banking technology award by IDRBT, Hyderabad for extensive use of IT in Semi Urban and Rural Areas on 2 September 2006.


• Andhra Bank opened its branch office in Dubai in May 2006 and another at Jersey City, New Jersey, in June 2009. During 2011–12, the bank opened its branches in Tripura and Himachal Pradesh States. It operated in 25 states and three Union Territories.


• The total business of the bank was ₹3,106 billion and earned a net profit of ₹5.40 billion during the financial year 2015–16. As on 31 March 2019, the Government of India owned 90.85% of its share capital. The state owned Life Insurance Corporation held 7.80% of the shares. It had a network of 2,885 branches, 4 extension counters, 38 satellite offices and 3,798 automated teller machines (ATMs) as of 31 March 2019.


• Andhra Bank, along with Andhra Pradesh State Government, NABARD, Canara Bank, Indian Bank, IOB and SBH sponsored the Andhra Pradesh Banker's Institute of Entrepreneurship Development, in Andhra Pradesh which will offer training to unemployed youth for improving their skills in the surroundings.


• The bank also adopted the birthplace of its founder, Dr. Bhogaraju Pattabhi Sitaramayya known as Gundugolanu village in West Godavari District, Andhra Pradesh. A comprehensive budget with an outlay of ₹55.5 million was finalized for improving health, sanitation, education and social service facilities in the village.


• On 30 August 2019, the Central Government Finance Minister Nirmala Sitharaman announced that Andhra Bank will be merged into Union Bank of India. This merger would make Union Bank of India as the fifth largest public sector bank in India with an assets of ₹14.59 lakh crores and 9,609 branches. The Board of Directors of Andhra Bank approved the merger on 13 September 2019. The Union Cabinet approved the merger on 4 March 2020, and it was completed on 1 April 2020. Along with Corporation Bank, Andhra Bank was merged with Union Bank of India in April 2020.