Andhra Pradesh Grameena Vikas Bank

Andhra Pradesh Grameena Vikas Bank was set up in 2006 under the parliament act by combining 5 banks in Andhra Pradesh with the Head office at Hanamkonda in Warangal. This bank is working in 21 districts of Telangana and 4 districts of Andhra Pradesh and is good in serving village folks and highlight it commitment to develop rural areas. Facilities like Mobile banking, Account Services, Insurance, Bank Guarantee, Locker facilities are available in our bank.

Factsheet of Andhra Pradesh Grameena Vikas Bank
Bank NameAndhra Pradesh Grameena Vikas Bank
Founded inMarch 31, 2006
Promoters/foundersJointly created by combining Nagarjuna Grameena Bank(Khammam & Nalgonda)and Sri Visakha Grameena Bank (Visakhapatnam,Vizianagaram&Srikakulam), Manjeera Grameena Bank(Medak),Sangameshwara Grameena Bank
Headquarter Address

Andhra Pradesh Grameena Vikas Bank
Door No.2-5-8/1
Ram Nagar
Hanmakonda – 506001
Warangal (City & District)
Telangana

Employee's3239
Type of BankCo-operative Bank
Official Websitehttps://www.apgvbank.in/
Customer Care Number1800-121-0354,1800-532-7444,1800-833-1004,1800-123-6230

History of The Andhra Pradesh Grameena Vikas Bank

The Andhra Pradesh Grameena Vikas Bank is created as a result of merger of five Regional Rural Banks as per the Regional Rural Bank Act of 1976.

On March 31, 2006 five RRB were merged namely the Nagarjuna Grameena Bank, Sri Visakha Grameena Bank, Kakathiya Grameena Bank, Sangameswara Grameena Bank and the Manjira Gremeena Banks with its headquarters in Warangal.

The core emphasis is to undertake the development of the rural areas and semi rural areas of Andhra Pradesh.

We believe in protecting the interest of the under privileged and promoting their welfare in a logical manner.

Shri K Praveen Kumar is the Chairman of the Andhra Pradesh Grameena Vikas Bank.

We have more than 700 plus branches in the state and have more than 3500 plus work force to assist in our daily financial and non financial operations.

Banking Services offered by The Andhra Pradesh Grameena Vikas Bank

Various banking services are offered by the Andhra Pradesh Grameena Vikas Bank and it is given below as follows:

  • Term Deposits
  • Current Account
  • Locker Facilities
  • Special Term Deposits
  • Savings Bank Account
  • Mobile Banking Facilities
  • Issue of Bank Guarantees
  • Issue of the Demand Drafts
  • Recurring Deposit Account
  • Solvency Certificate Creation
  • Collection of Outstation Cheques
  • Ubhaya Taraka Tax Savings Scheme
  • Simplified Know Your Customer (KYC)
  • Demand Drafts and Cheques Purchase
  • Minor Savings Bank Account with 3.5% interest rates
  • Basic Savings Bank Account/PMJDY with Zero Balance 
  • Term Deposit/STDR/RD (maximum available for 10 years)
  • Non-Resident External Rupee account scheme (NRE Account)
  • Non-Resident Ordinary Rupee account scheme (NRO Account)

Loans and credit facilities provided by The Andhra Pradesh Grameena Vikas Bank

There are various loan and credit options offered by our bank and given below as follows:

  • Car Loan
  • Home Loan
  • Gold Loans
  • Holiday Loan
  • Personal Loan
  • Demand Loans
  • Education Loan
  • Personal Gold Loan
  • Housing Loans Men
  • Housing Loans Women
  • Term Loan (Vikas Jewel)
  • Multipurpose Agriculture Gold Loan Scheme bullet payment

Ownership

The Andhra Pradesh Grameena Vikas Bank ownership is divided into three parts like:

  • Government of India------50%
  • State Bank of India ------ 35%
  • Government of AP---------15%

 

Andhra Pradesh Grameena Vikas Bank has 793 IFSC connected branches in India. Bank has branches in following states:

  • ANDHRA PRADESH
  • TELANGANA

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