Andhra Bank is a mid-sized public sector bank in India. Andhra Bank’s headquarters is situated in Hyderabad, Telangana. The bank offers a variety of banking and financial products to its customers. Retail customer can avail banking, insurance and other financial services from Andhra Bank. There are following types of account services offered by Andhra bank:
- Savings Accounts
- Current Accounts
- Loan Account
- Deposits Account etc
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All the above mentioned types of accounts have a unique account number. The account numbers are coded in such a manner that it gives complete idea of the nature of the account. With the current technological advancement, Andhra bank issues 15-digit account number to its customers. The bank has switched from traditional short account number to a 15-digit account number format as it is needed for carrying out all inter-bank electronic fund transfers. A standardized format of all account numbers is needed for electronic fund transfer and also for other banking facilities like:
- Electronic Clearing Service (ECS)
- Real Time Gross Settlement (RTGS)
- National Electronic Fund Transfer (NEFT)
- and Immediate Payment Service (IMPS)
The 15-digit bank account number of Andhra bank is coded in the following manner:
- The first 4 digits out of the 15-digit account number stands for the bank code
- The next 3 digits are the account mapping code and represent the nature of the account
- The last 8 digits stand for the account number. Certain account numbers may not have all 8 digits but might be prefixed by “0” so kindly note the entire 8 digit format even if starting from “0” is your account number and no digit should be dropped while mentioning your account number.
Always remember that it is important to mention your account number correctly in all financial transactions. If you drop a digit or wrongly write your account number then you might face unsuccessful or faulty banking transactions. At times you might even face financial losses due to such errors.
For transferring or receiving funds in your Andhra bank account you have to give your account number to the remitter whereas in case of electronic fund transfer you need to give your Andhra bank account number along with the corresponding IFSC code. It is an important part of the electronic fund transfer system. IFSC stands for Indian Financial system Code. This is an 11-digit unique alpha numeric code which is required to carry out NEFT, RTGS or any type of electronic fund transfer. The first 4 letters of this IFSC code stands for the bank code and the remaining 7 digits are the bank branch code which is unique for each and every branch of the bank. You can find your Andhra bank account number and IFSC code mentioned on every leaf of your cheque book or in your bank passbook.
Thus always remember that the bank account numbers are unique and to carry out any transaction through a particular account you must remember the corresponding account number.