Andhra Bank launched two schemes in Orissa

Andhra Bank a public sector bank has launched two schemes in Orissa. The two schemes are corporate salary account scheme and another current account deposit plan. Bank sources said AB Privilege Corporate salary scheme will be extended to corporates, public sector undertakings, public sector enterprises and State and Central Government departments.

The enterprises where there are more than 25 employees and each employee pay is not less than 15,000 per month will be eligible for the zero balance accounts.

Bank has a branch network of 105 spanning 26 districts has also announced the sale of gold coins from February 2. The sale of gold coins will be done from nine centers at Bhubaneswar, Cuttack, Berhampur, Jatni, Rayagada, Parlakhemundi, Sambalpur, Rourkela and Aska. Deputy General Manager SRK Prasad while addressing media persons said the 24 carat metal would be available in the denomination of four grams, eight and 10 grams and will carry certificate of ‘Assay Certification’.

Prasad further notified that plans are being processed to expand the branch and ATM network across the State. At present the bank is having 23 ATMs and around four extension counters. Bhubaneswar OCAC Extension counter will be soon be upgraded into a full fledged branch. Prasad informed bank had observed a growth of Rs 1839.78 crore in its deposits and Rs 1117.66 crore in advances by December 2008