Overview of Andhra Bank Debit Cards
Founded by extremely respected freedom fighter Dr. Bhogaraju Pattabhi Sitaramayya, Andhra Bank was registered as early as 20th November 1923. On 28th November 1923, the bank commenced business with an authorised capital of Rs. 10 lakhs and paid capital of Rs 1 lakh. Currently, the bank boasts of a wide network of of 2528 branches, as on 30th June 2015. The bank provides various financial products including services in the Retail and Corporate areas as well.
Among the various other products and services provided, Andhra Bank offers Debit Card to its customers. Especially endowed with innovative features to enhance the convenience of customers, Andhra Bank ATM/Debit card can be used for various purposes; from withdrawal of cash to making purchases.
Andhra Bank Debit Card/ATM Card
- ATM Card issued by Andhra Bank can be used 24*7, and for 365 days a year, at any Andhra Bank ATM. The ATM network of the bank is extremely widespread, covering the length and breadth of the country.
- Andhra Bank ATM card can be used to perform functions like withdrawal of cash, changing of PIN and enquiring the available balance in that account or in any account linked with that card.
- Despite being a joint account holders, the bank offers separate cards for these two account holders.
- By using your Andhra Bank ATM card at the nearest ATM you can issue a mini statement which will give a detailed account of the last 10 transactions made on any account linked through that card
- A cardholder can operate and link to a single ATM card, up to 10 accounts, which are spread even across 10 Branches at 10 different towns. Cash withdrawal activities can be performed from any of the linked accounts.
- You can also transfer funds from one linked account (of the card) to another account, linked to the same Card. This activity can be done at any time during the day.
- With the help of your Andhra Bank ATM card, cardholders can donate money to any trusts. These trusts need to be approved TTD Trusts. On donating, customers can enjoy IT exemptions and other benefits directly from TTD, only if eligible.
- Through this ATM card, customers can pay their Andhra Bank Credit Card bills and outstanding bills at any ATM location of their choice. This facility can be enjoyed only after making a simple registration for the same.
- Andhra Bank Debit Card have been issued in association with VISA. Along with bearing a Visa Electron emblem, the card is also governed by the rules and regulations of Visa.
- This Debit Card is accepted and valid worldwide, and is meant for electronic usage. Be it withdrawing cash through ATMs or making purchases (offline or online), this card comes in handy during all times.
- Debit cards issued by the bank before 2009, couldn’t be used for transactions on the internet, maybe except for booking railway e-tickets, and some other transactions approved by the bank. But since August 2009, debit cards started being issued with a secret numerical code CVV2, which is printed on the back of the card (near the magnetic strip). To fulfil any online transaction, carried out through websites which are enabled for Verified by Visa transactions, you need to enter the correct CVV2 code.
- Valid across the world, this card is enabled for cash withdrawal and balance enquiry from more than 8 lakh Visa ATMs spread across more than 150 countries. You can also make purchases at over 12 lakh merchants across the world, by using this card.
Benefits of holding Andhra Bank Debit Card
- There is no admission charge on procuring the debit card. The card will be free of cost for the first year, and from the second year onwards a meagre amount of Rs. 75 will be charged.
- The card is valid for as long as up to 5 years from the month of issue of the card.
- You can use your card to book a ticket on IRCTC and to purchase fuel at petrol pumps across the nation.
- The card has a widespread acceptance, even globally.
Frequently Asked Questions (FAQs)
- Is there any difference between Andhra Bank ATM card and Debit Card?
ATM cards issued by Andhra Bank are eligible for usage at ATMs for carrying out transactions. These transactions can be carried out at both Andhra bank ATMs and also at shared banks ATMs. The ATM card cannot be used for making purchases at merchant establishments.
A debit card, issued by a bank, has direct access to the cardholder’s bank account. It is like one is carrying a substitute instead of carrying cash, which is more convenient and less risky. Unlike an ATM card, a debit card is eligible for usage for purchases at merchant establishments.
- What is CVV2, and how do I use it?
Since August 2009, Andhra Bank started issuing debit cards with a secret numerical code known as CVV2. This code is printed on the back of the card (near the magnetic strip). To fulfil any online transaction, carried out through E-Commerce portals and merchant websites (which are enabled for Verified by Visa transactions) you need to enter the correct CVV2 code to complete the transaction successfully.
- I hold a Debit Card issued by Andhra Bank. Where can I use this card?
Your card is valid across the world. You can use this card for cash withdrawal and balance enquiry from more than 8 lakh Visa ATMs spread across more than 150 countries. You can also make purchases at over 12 lakh merchants across the world, by using this card.
- My spouse and I have a joint account with Andhra Bank. Will be issued a single ATM card for our use?
No, despite being joint account holders, Andhra Bank provides both the account holders with individual/separate ATM cards.
- For how long is an Andhra Bank Debit Card valid?
A debit card issued by Andhra Bank is valid for as long as up to 5 years from the month of issue of the card.
- Can I use my Andhra Bank ATM card for any other purposes apart from withdrawing cash? If so, then what are these?
Yes, there any many other purposes for which you can use your Andhra Bank ATM card. These activities can be performed through a standard ATM machine. They are -
- Procuring a mini statement
- Changing your PIN
- Balance enquiry of the main account or any account linked to that ATM card
- Debit Cards Vs Credit Cards
- Debit Cards for Fuel
- Debit Cards for Online Shopping
- Prepaid Cards for International Travel
- Debit Cards for Movie Tickets
- Debit Cards for Students
- International Debit Cards
- Debit Cards for Shopping
- Debit Cards for Restaurants
- Debit Cards for EMI
- New ATM Transaction Charges
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.