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bulate Remittances
Lock Box Facility
 
  What benefit Customer get out of this facility?

The time taken for realization is saved. For example the time taken for sending the cheque to India and back to USA for realization           is saved.
Costs involved for sending the cheque to India and from India to USA are saved. We charge you lesser than the cheque collection charges. Almost at half  the cost of old method you get your funds now transferred to India.
 
 How it costs the Customer?

It costs you as follows:

 Cheque Amount  Charges Including Postage
Upto USD 1000 USD 4.00
> USD 1000 upto USD 3000 USD 5.00
> USD 3000 upto USD 5000 USD 7.00
> USD 5000 upto USD 10000 USD 8.00
Above USD 10000 USD 10.00
 
  Is there any monetary limit to transfer the funds to India?

There is absolutely no monetary limit to transfer the funds from USA to India
 
  Do NRI have to have an account with Andhra Bank to use this facility?

No. NRI need not have an account with us. However the beneficiary should have an account with us in any of our 1536 branches (as on 30th September’09) in India and have complied with the KYC guidelines of the Bank.
 
In which currency NRI can send the money.

NRI can send the Money in US Dollar only
 
  How much time it takes to credit the account in India.

3 to 4 business days from the date of receipt of Customer cheque by Bank of  America Dallas, USA.
 
  Whether the beneficiary can avail the funds immediately?

The credit given by Bank of America is a Provisional Credit. Customer need to wait for  a period of 12 days from the date of credit from our International Division.
 
  What information is needed to send the cheque through this facility?

Simple details like Name of the beneficiary, his account number, Name of the branch where the account is maintained.
 
  What should Customer verify before he sends the cheque

NRI  should verify the following:

Whether all the details on the cheque are properly filled in
  • Name of the Beneficiary,
  • Date of the cheque in locally acceptable (mm/dd/yy) form.
  • Amount in figures and Words, and signature
  • The cheque amount and other details should tally with that of Deposit sip.
  • Make sure that sufficient balance is maintained in your account when the cheque is presented to your banker.
 
  Where Customer has to send the cheque?

For instruments sent via First Class mail:-
ANDHRA BANK (MUMBAI),
P.O. BOX 841810,
DALLAS, TX 75284-1697, USA.

The new address For instruments sent via courier

(FEDEX, DHL, UPS and local courier) :-
ANK OF AMERICA LOCK BOX SERVICES,
LOCK BOX 841810,
1950 N. STEMMONS FREEWAY, STE 5010,
DALLAS, TX 75207, USA.
 
  Things to know about "US" clearing laws

As per US laws the drawee bank can return the cheques within one year if it is found that the instrument is materially altered, within three years if it is found that the instrument is forged and within seven years in the case of US Treasury cheques
 
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News & Events

Use your Visa Debit Card for shopping in POS/Online within 3 months of card issuance & get 5% Cash back. Offer applicable to cards issued after December 2013,T&C Apply

AS A PART OF RISK MITIGATION MEASURE, DEBIT CARDS ISSUED AFTER 30-11-2013 ARE ENABLED FOR DOMESTIC TXNS ONLY. FOR FURTHER DETAILS PLEASE CONTACT OUR BRANCH.

You can now donate to Shri Saibaba Sansthan Trust, Shirdi through IMPS-Mobile Banking.

Presentation to Analysts

Our Total Income during 12M of FY’12-13 increased to Rs. 13,957 Crore, recording a growth of 14.4%.

Form 15G/15H has to be submitted afresh at the beginning of each financial year to avail exemption/concession in TDS. Quoting of PAN is mandatory for availing such exemptions/concessions.

All our Banks’ cheques are “payable at par henceforth. We request all our customers to surrender their old cheque books at their account branch and obtain CTS 2010 Standard Cheque books immediately.

We request all our customers who have issued postdated cheques for repayment of loan installments for loans availed by them to replace the old PDCs with new CTS 2010 Standard cheques.

Online Grievance Redressal System with Tracking

Online Applications for MSME and Retail Loans

Online Donations to charitable institutions through net banking

Online resetting of Internet Banking Login Password

Interbank transfer of Funds through Mobile Banking using IFSC code

As per RBI mandate, cash retraction facility is discontinued from our ATMs. Do not forget to collect cash before leaving ATM room.

Any customer could walk in to deposit money in any branch of the bank if the account is in any other branch of the bank to which he wants to deposit the money and there will be no charges on this for any amount

Fictitious Offers of Cheap funds from abroad - Awareness Campaign - List of Nodal Agency (Cyber Crime Cell / Economic Offence Wing)

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

PPF and SCSS schemes

Do Not fall Prey to Fictitious Offers of Funds Transfer

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