Andhra Bank Indore - Main Branch, Rates February 2024, IFSC Code

Andhra Bank Indore

About Andhra Bank

Retail, Corporate, NRI, MSME, Agricultural Industries and much more, welcome to Andhra Bank. A Government of India undertaking, this public sector bank with its diverse range of products and services is known for catering the financial needs of all. Be it loans, investments, insurances, credit cards, NRI or Corporate Services, this lender with its years of rich experience ensures to deliver the best always. By holding over 2803 branches wide spread across India, this lender is here to stay. 

Moreover, the best thing about this bank is the fact that it operates in 25 states along with three Union Terrorities, thus is easy to approach for varied purposes. Since its inception in the year 1923, the bank is ensuring that each of its customers will have an enjoyable banking experience. That's why whether it's personal loan, housing loan, vehicle loan or education loan, Andhra Bank makes sure to provide the valuable services at your doorsteps. 

Below is a table showing branch name, IFSC and MICR codes of each branch with complete address. 

Branch Name Complete Address IFSCMICRCustomer Care
Indore335, Jawahar Marg, Madhav Mandir, Narsingh Bazar Chourah, IndoreANDB00002344520110020731-2436652/25309
A B Road, IndoreE - 9, High Main Road, Ravishankar Shukla Nagar, Indore - 452008ANDB00012444520110030731-25717
Chhawni, Indore18, Murai Mohalla, Chhawni Main Road, IndoreANDB00016584520110040731-2705623
Vijay NagarUg-18, 19, 20, Mangal City Mall, A.B.Road, IndoreANDB0001910452011005452011005
RAUP No. 1034, Station Road, Rau, Indore, Madhya PradeshANDB00020364520110060731 2856572
MHOW Contonment1 Vikram Nagar Kishanganj Mhow Madhya Pradesh 453441ANDB00021914530110019827441103
Usha Nagar, Indore6, Dravid Nagar, Ranjeet Hanuman Main Road, Indore , M.PANDB00022014520110077312380968
Sapna SangeetaG-1, G-2.Gold Coin Plaza, 324 Dhanwar Ruwan Main Road, Indore, M.P.ANDB00022024520110089312469968
Airport Road IndoreNo 3, Sukhdev Nagar, Airport Main Road, Indore, Madhya Pradesh, 452005ANDB00025292623399
Geeta BhavanNo 56 A, Manorama Ganj, Geeta Bhavan, Opp Seth Apartement, Indore, Madhya Pradesh, 452001ANDB00027504520110102492034
KhandwaKhandwa Branch, Plot No 31, Padawa, Near Hanuman Mandir, Indore Road, Khandwa Dist, Madhya Pradesh, 450001ANDB00027824500111012243009

Products Offered by Andhra Bank in Indore

Those who are in Indore have many reasons to rejoice as Andhra Bank offers an exclusive range of financial products to avail. Yes, that's right! The bank comes to you with various products such as personal loan, housing loan, gold loan and educational loan to choose from. Take a look below to know more about Andhra Bank products range.  

Basic Details of Andhra Bank Loans 

EligibilityInterest Rate (in p.a.)

Loan AmountTenureProcessing Fee
Housing LoanMinimum age at the time of application-21 Years
Maximum age permitted at the time of loan maturity-65 Years

8.60% - 11.20%Depends upon your monthly income & repayment capacity30 Years As applicable by the bank
Gold LoanAny property identified person/existing customers 9.5%-9.7% ₹ 2,000/-per gram or Upto 75% of the market value of gold whichever is lessAppraising Charges:1% of the loan amount sanctioned
Vehicle LoanMinimum take home pay of 40% after all monthly deductions (2 Wheeler)
Minimum gross income of ₹1 Lakh per annum (4 Wheeler)
7.80% - 7.90%Depending on the income flow and repayment capacity of an individual 60 months(used cars)-84 months(new cars)As applicable by the bank
Education LoanStudent should be an Indian.
Have secured admission to a higher course.
Allowed to meritorious students.
10.45%-10.65%(upto 7.5 Lakhs), 10%-10.20%(above 7.5 Lakhs)₹ 20,000-No upper limit2-7 YearsNo Processing Fee (study in India)
Personal Loan Salaried , pensioners or any individual with good repayment capacity11.80% - 15.50%Consumer Loan: 10 months gross salary/40% of gross annual income/4 months pension or 75% of the article whichever is lower.
Clean Loans: Not less than 40% of gross salary .
2 times average annual proven income.
8 time sof monthly pension
60 Months

Documents Required 

Housing Loan Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

Bank Account Statement for the Last 6 Months

Track record of existing loans, if any

Details of property you look to buy & construct

Gold Loan Latest passport size photographs with duly filled application form.
Address Proof:Driving License/Passport/Ration Card/Voter ID/Aadhar Card
ID Proof: Ration Card/PAN Card/Driving License/Aadhar Card/Passport
This loan is offered to the customers who are identified as per KYC AML norms.
Vehicle Loan For Generic:
Documents for KYC Compliance
Valid Driving License
Salary Slip
Proforma Invoice
IT Returns
Assessment Order

For Women:
Valid Driving License
Income Proof:IT Returns/Salary Slip/Assessment Order/Proforma Invoice
Valuation Certificate from Reputed Garage for Second Sale
Education Loan Duly filled application form with passport size photographs
Identity & Address Proof-Latest
Date of Birth Proof, Certificate of Domicile, Study Certificate, Scholarship Proof, Allotment Proof
Fee particulars from College/University, etc
Personal Loan Salary Slip/ IT Returns/Assessment Order, Property Statement
For non-salaried:Latest Income Tax Assessment Order, Property Statement
Any other Valid Document
Latest Quotation for Article Proposed to be Purchased

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%