Andhra Bank was one of India’s most trusted and customer-friendly public sector banks before it officially merged with Union Bank of India in April 2020. Known for its deep roots in South India and a strong network across the country, Andhra Bank played a vital role in India’s banking development for over 96 years.
In this post, we’ll cover the history, services, legacy, and merger details of Andhra Bank — a name still remembered by millions of loyal customers.
📜 History of Andhra Bank
Andhra Bank was founded by Dr. Bhogaraju Pattabhi Sitaramayya, a renowned freedom fighter and economist, on 20th November 1923 in Machilipatnam, Andhra Pradesh. The bank started with a modest capital of ₹1 lakh and a vision to provide modern banking services to the people of South India.
Over the years, Andhra Bank expanded its operations across India, offering financial inclusion to millions, especially in semi-urban and rural areas.
💼 Services Offered by Andhra Bank
Before the merger, Andhra Bank provided a wide range of banking and financial services to individuals, businesses, and corporate clients:
- Savings and Current Accounts
- Fixed and Recurring Deposits
- Personal and Home Loans
- Education and Vehicle Loans
- Internet & Mobile Banking
- Debit and Credit Cards
- Digital Wallet and UPI
- Government Schemes like PMJDY, Atal Pension Yojana, and more
It also played a major role in implementing social security and pension schemes promoted by the Government of India.
🔁 Merger with Union Bank of India
As part of the Indian government’s banking reform strategy, Andhra Bank was merged with Union Bank of India along with Corporation Bank on 1st April 2020. This move was aimed at creating a stronger and more competitive banking institution with improved capital base and customer service.
Post-merger:
- All Andhra Bank branches now operate under Union Bank of India.
- IFSC codes, account numbers, and customer IDs were updated, but services continued without interruption.
- Customers can access their accounts using Union Bank’s internet and mobile banking platforms.
ℹ️ How to Check IFSC Code for Former Andhra Bank Branches?
If you’re looking for the updated IFSC codes of old Andhra Bank branches, you can easily find them on our website:
👉 Visit: AllBankCodes.com
🔍 Search by: Bank name, branch name, or IFSC code.
We regularly update our database to help users find accurate bank details quickly.
🏁 Legacy of Andhra Bank
Though Andhra Bank no longer exists as a standalone entity, its commitment to transparency, customer service, and rural development lives on through Union Bank of India. It left a lasting impact on India’s banking sector with nearly a century of trust and service.
📌 Final Words
Andhra Bank’s legacy continues to be remembered fondly by customers and employees alike. The merger has paved the way for improved banking efficiency, larger reach, and enhanced customer benefits under the umbrella of Union Bank of India.
For more banking updates, IFSC codes, and latest news, keep visiting AllBankCodes.com.