Andhra Bank
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Toll Free Number : 1800 425 1515

AB Self Help Groups
  Interest Rates:

The present interest rate structure is Base Rate + 3.75 = 10.25 + 3.75 = 14.00 % p.a.
  Bank "Rating System" Critical Rating Index (CRI)

The following points are covered under CRI.
  • Composition of group.
  • Age of groups.
  • No. of meetings per month.
  • Attendance of meetings by members.
  • Maintenance of minutes book.
  • Participation of members in discussion
  • Savings frequency.
  • Mode of recovery.
  • Books of accounts.
  • Bye laws / group rules.
  Bank's Rating System - Selection Criteria:

  • Maximum marks stipulated: 100
  • "A" Rating-70-100marks
  • "B" Rating-50-70marks
  • "C" Rating-Less than 50 marks Capacity building is required.

No Collateral Security upto an aggregate limit of  Rs.5.00 lacs per group If aggregate  credit limits exceeds Rs.5.00 lacs, SHGs should offer  collateral security.

  • Serving SHG clientele at their door step through smard cards