Andhra Bank has launched prepaid gift, international travel cards

By | August 13, 2011

A recent press report said that Andhra Bank has launched prepaid gift and international travel cards.

Reports said that the prepaid gifts card is available in denominations between Rs. 250 and Rs 50,000 and can be bought at no additional charge.

The customer requires gifts cards valued beyond Rs 20,000 select Know Your Customer (KYC) norms would be applied. Andhra Bank International Travel Card was also launched in varying denominations in US dollars.

Reports also said that a co-branded health card in association with India First Life Insurance Company Ltd (a life insurance joint of venture of Andhra Bank) was rolled out to access hassle-free claim settlement. All the cards were launched on MasterCard platform.

“Andhra Bank” was founded by the eminent freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorized capital of Rs 10.00 lakhs. The bank offers home loans, personal loans, car loan, educational loan, gold loan, mortgage loan etc.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.
Category: Articles Glossary Tags: , ,

About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

Leave a Reply

Your email address will not be published. Required fields are marked *