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Andhra Bank IFSC Code Electronic City Branch, MICR code, Address

IFSC Code of Andhra Bank ELECTRONIC CITY, MICR Code of Andhra Bank ELECTRONIC CITY

Get IFSC Code and MICR code of Andhra Bank, Electronic city, Karnataka branch in Bangalore city along with the address

Bank Andhra Bank
IFSC Code ANDB0001398 (for money transfer by NEFT, RTGS and IMPS)
MICR Code 560011026
Address 60/4, KONAPPANA AGRAHARA, OPP INFOSYS BUILDING, HOSUR MAIN RAOD, ELECTRONIC CITY, BANGALORE - 560 100
Branch ELECTRONIC CITY
City Bangalore
District Bangalore
State Karnataka
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Electronic City Ifsc Code
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Andhra Bank News - Sep 2017
  • 2017-09-12 : Andhra Bank revises MCLR rates news
    Andhra Bank has reduced its marginal cost based lending rate (MCLR) across all tenors. For overnight and one month maturities, the rate has been revised to 8.10 per cent and 8.15 per cent, while for three month and six month maturities the rate has been reduced to 8.20 per cent and 8.30 per cent respectively.
  • 2017-09-12 : Andhra Bank cuts interest rate on savings account to 3.5 per cent news
    Public sector lender, Andhra Bank has lowered interest rate on its savings bank account to 3.5 per cent in line with market competition. Now, deposits of up to Rs. 50 lakh will attract a 3.5 per cent interest rate from 4 per cent charged earlier. The revised rates will be effective from September 15th September, 2017.
  • 2017-08-05 : Andhra Bank reports 30 per cent growth in net profit at Rs. 40 crore
    Andhra Bank has reported a significant growth of 30 per cent in its net profit at Rs. 40 crore during the first quarter of FY18 as against Rs. 31 crore during the corresponding quarter of the previous fiscal year. Improvement in net interest income and reduction in gross non-performing assets has tampered the bank’s profit growth.
  • 2017-07-13 : Andhra Bank plans to raise Rs. 1,000 crore via QIP
    Public sector lender, Andhra Bank is looking for an opportunity to raise capital of Rs. 1,000 crore in a series of tranches via qualified institutional placements (QIPs). The newly raised funds will be deployed by the bank for expanding its banking activities by following an inorganic growth route.
  • 2017-07-10 : Andhra Bank to sell sovereign gold bonds from July 10
    Andhra Bank has announced to sell its sovereign gold bonds. The bank will open the gold bond scheme for public subscription at all its branches across the country. The proposed gold bond scheme will offer a 2.50 per cent tax free annual interest to the investors and the issue price of the gold bonds will be Rs. 50 per gram and the applications for the scheme will be accepted from July 10 to July 14, 2017.
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