National Electronic Funds Transfer (NEFT - On line Funds Transfer to other banks) Called AB Xpress
National Electronic Funds Transfer (NEFT) is a funds transfer mechanism where transfer of money takes place from one bank to another on the same day . In other words, this is an electronic payment processing environment wherein transactions are settled as soon as they are processed.
Only customers of the branch where they are having Savings/Current Accounts
Customer can remit funds to the account of another bank branch
The funds are transferred instantaneously at nominal charges
IFSC of the bank branch to which the remittance to be made (IFSC is 11 characters code)
Beneficiary account number, Name and Address (to whom the remittance is intended to )
Approach the branch with the above details
Within 2 hrs of remittance on the same day
Monday to Friday : 0900 hrs to 1845 hrs
Saturday : 0900 hrs to 1245 hrs
NEFT works on all days except on Sundays and National Holidays
Outward :While remitting the funds, Account Number of the beneficiary is to be mentioned correctly in the voucher (to whom the remittance is intended to ).
Inward : While seeking remittance from other bank Customers it is mandatory to quote your 15 Digit Finacle Account Number compulsorily.
For further details and redressal of NEFT complaints, please contact at following address:
Andhra Bank, Service Centre,
11, Homi Modi Street, Bansilal Building
Fort, MUMBAI 400 001
Phone : 022-22610228/22610106
Click here for NEFT Customer Facilitation Centers for rederessal of NEFT Complaints
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The existing customer grievance redressal mechanism would also cover the complaints relating to outsourcing
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.
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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
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Any customer of SB/Current Account group could walk in to any branch of the Bank to deposit money in his/her account maintained at any branch 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