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.