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Non-Resident Indians or Persons of Indian Origin can avail the following fecilities with us

Deposit accounts Remittances to India

Speed remittance fecilities for NRIs in Gulf Western Union Money transfer

Loans against Deposits Home loans to NRIs

Pattabhi Vidya Jyothi Scheme for students seeking education abroad and children of NRIs

In this maiden bulletin we start with the details of Remittance fecilities available with us .Non-residents are free to send the amounts for all types of investments except for investing in

a) In the business of chit fund, b) As Nidhi Company

c) In Agricultural or plantation activities

d)In real estate business, or construction of farm houses with some exceptions e) In trading in Transferable Development Rights.

We will discuss about the above Prohibitions in detail in coming bulletins

FACILITIES AVAILABLE FOR REMITTING FUNDS TO INDIA

 Wire Transfer (through SWIFT)

 Cheque Issue

 Cheque Mail Box Facility

 Remittance through Exchange Houses

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WIRE TRANSFER THROUGH SWIFT FACILITY

Andhra Bank deals in 12 major currencies and maintains accounts with 21 Banks across the Globe.

Non-resident Indians can send their remittances to India through Andhra Bank. To send remittance, a simple request in the enclosed format should be sent by NRIs to their bankers so that their accounts can be debited and remittance can be arranged by way of swift facility. The account/swift details of our Bank for remittances in different currencies are as under:

I. Remittances in US $

Bank Details A/c Number SWIFT Code

CITIBANK N.A., NEW YORK (ROUTING No. ABA 031000089)

36153818 CITIUS33

WACHOVIA BANK NA, NEW YORK 2000193008108 PNBPUS3NDNYC BANK OF NEW YORK, NEW YORK

(ROUTING NO. ABA 031000018)

8900045035

IRVTUS3N HSBC BANK USA,N.A., NEW YORK

( EXCLUSIVELY FOR FCNR ONLY)

000033707 MRMDUS33

BANK OF AMERICA, NEWYORK 6550391730 BOFAUS3N

II. Remittances in Euro/GBP

Euro DRESDNER BANK AG, FRANKFURT 499/08058088/11/ 888 DRESDEFF Euro DEUTSCHE BANK, FRANKFURT 953409000 DEUTDEFF Euro INTESA SAN PAOLO S.P.A. 03500/009767350201 BCITITMM Euro BANK OF INDIA, PARIS 4310004101 BKIDFRPP

GBP LLOYDS TSB BANK PLC. LONDON 01001060 LOYDGB2L

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III. For Remittances in Other Currencies AUSTRALIAN DOLLAR

AUSTRALIA & NEW ZEALAND

BANKING GROUP LTD, MELBOURNE

227678/00001 ANZBAU3M

CANADIAN DOLLAR

BANK OF NOVA SCOTIA, TORONTO

0009911 NOSCCATT

SWISS FRANC UBS AG, ZURICH

02300000086103050000R UBSWCHZHE80A SWISS FRANC ZUERCHER KANTONALBANK, ZURICH 0700-01008.072 ZKBKCHZZN80A DEUTSCH KRONER

DANSKE BANK A/S COPENHAGEN

3996043835 DABADKKK

HONGKONG DOLLAR UCO BANK, HONGKONG

0110033641 UCBAHKHHA

JAPANESE YEN

BANK OF INDIA, TOKYO

2297000079 BKIDJPJT SWEDISH KRONER SKANDINAVISKA ENSKILDA BANKEN, STOCKHOLM 52018527428 ESSESESSH SINGAPORE DOLLAR HSBC , SINGAPORE 141314583001 HSBCSGSG

ASIAN CURRENCY UNIT

STATE BANK OF INDIA, DHAKA

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I. FOR REMITTANCES ROUTED THROUGH ANDHRA BANK ACCOUNT WITH CITI BANK, NEW YORK, IN US DOLLARS.

(Customer has to fill up only 59 field and submit it to his banker for onward transmission)

MT - 103 [SWIFT MESSAGE FORMAT] 56 A / INTERMEDIARY INSTITUTION - BIC

CITIUS33

CITIBANK N.A., NEW YORK

57 A / ACCOUNT WITH INSTITUTION - BIC /36153818

ANDBINBB

59 / BENEFICIARY CUSTOMER - NAME & ADDRESS

/ _______________|[MENTION BENEFICIARY ACCOUNT NUMBER]

ANDHRA BANK,________branch[NAME & ADDRESS OF BRANCH WHERE BENEFICIARY IS MAINTAINING ACCOUNT]

A/c. Mr. _________________________

THE INFORMATION IN FIELD 59 IS VERY IMPORTANT. THIS SHOULD CONTAIN FULL AND ACCURATE INFORMATION. IT WILL HELP US TO CREDIT THE AMOUNT TO YOUR ACCOUNT IMMEDIATELY.

II. FOR REMITTANCES ROUTED THROUGH ANDHRA BANK ACCOUNT WITH DRESDNER BANK FRANKFURT, IN EURO.

(Customer has to fill up only 59 field and submit it to his banker for onward transmission)

MT - 103 [SWIFT MESSAGE FORMAT] 56 A / INTERMEDIARY INSTITUTION - BIC

DRESDEFFXXXX DRESDNER BANK AG, FRANKFURT

57 A / ACCOUNT WITH INSTITUTION - BIC /499/08058088/11/ 888

ANDBINBB

59 / BENEFICIARY CUSTOMER - NAME & ADDRESS

/ ________________ |[MENTION BENEFICIARY ACCOUNT NUMBER] ANDHRA BANK,____________branch)[NAME & ADDRESS OF BRANCH

WHERE BENEFICIARY IS MAINTAINING ACCOUNT] A/c. Mr. _________________________

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THE INFORMATION IN FIELD 59 IS VERY IMPORTANT. THIS SHOULD CONTAIN FULL AND ACCURATE INFORMATION. IT WILL HELP US TO CREDIT THE AMOUNT TO YOUR ACCOUNT IMMEDIATELY.

III. FOR REMITTANCES ROUTED THROUGH ANDHRA BANK ACCOUNT WITH LLOYDS BANK LONDON IN POUND STERLING

(Customer has to fill up only 59 field and submit it to his banker for onward transmission)

MT - 103 [SWIFT MESSAGE FORMAT] 56 A / INTERMEDIARY INSTITUTION - BIC

LOYDGB2LXXXX LLOYDS TSB BANK PLC LONDON

57 A / ACCOUNT WITH INSTITUTION - BIC /01001060

ANDBINBB

59 / BENEFICIARY CUSTOMER - NAME & ADDRESS

/ ________________ |[MENTION BENEFICIARY ACCOUNT NUMBER] ANDHRA BANK,____________branch)[NAME & ADDRESS OF BRANCH

WHERE BENEFICIARY IS MAINTAINING ACCOUNT] A/c. Mr. _________________________

THE INFORMATION IN FIELD 59 IS VERY IMPORTANT. THIS SHOULD CONTAIN FULL AND ACCURATE INFORMATION. IT WILL HELP US TO CREDIT THE AMOUNT TO YOUR ACCOUNT IMMEDIATELY.

IV. FOR REMITTANCES ROUTED THROUGH ANDHRA BANK ACCOUNT WITH AUSTRALIA&NEW ZEALAND BANKING GROUP LTD,MELBOURNE IN AUSTRALIAN DOLLAR

(Customer has to fill up only 59 field and submit it to his banker for onward transmission)

MT - 103 [SWIFT MESSAGE FORMAT] 56 A / INTERMEDIARY INSTITUTION - BIC ANZBAU3M

AUSTRALIA AND NEWZEALAND BANKING GROUP LTD MELBOURNE

57 A / ACCOUNT WITH INSTITUTION – BIC /227678/00001

ANDBINBB

59 / BENEFICIARY CUSTOMER - NAME & ADDRESS/

________________ |[MENTION BENEFICIARY ACCOUNT NUMBER] ANDHRA BANK,____________branch)[NAME & ADDRESS OF BRANCH

WHERE BENEFICIARY IS MAINTAINING ACCOUNT] A/c. Mr. _________________________

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THE INFORMATION IN FIELD 59 IS VERY IMPORTANT. THIS SHOULD CONTAIN FULL AND ACCURATE INFORMATION. IT WILL HELP US TO CREDIT THE AMOUNT TO YOUR ACCOUNT IMMEDIATELY.

In case the customer wishes to remit the amount in Currency other than USD,EURO, POUND STERLING, and AUSTRALIAN DOLLARS he may use the relevant details given above for that currency and replace them in fields

56 A and 57 A.

GOOD NEWS GOOD NEWS GOOD NEWS

RBI HAS INCREASED THE INTEREST RATES ON NRE

AND FCNR DEPOSITS BY 50 BASIS POINTS ACROSS THE

MATURITIES with effect from 17.09.2008

Please Visit our Web site

www. andhrabank.in

for Application and

information.

FCNR(B) int rates

NRE TERM DEPOSITS

Durgashtami: 7

th

October 2008

Vijayadasami : 9

th

October 2008 & Diwali :28

th

October 2008

____________________________________________________

Period

Revised Rate of Interest

(%) p.a.

a) 1 year and above less than 2 years

3.71

b) 2 years and above less than 3 years

3.81

c) 3 years and above 4.13

Curre ncy 1 Year & above but less than 2 Years 2 Years & above but less than 3 Years 3 Years & above but less than 4 Years 4 Years & above but less than 5 Years 5 year s USD 2.96 3.06 3.38 3.60 3.76 GBP 5.77 5.15 5.13 5.08 5.03 EUR 5.08 4.63 4.53 4.48 4.43 CAD 3.42 2.81 2.99 3.12 3.23 AUD 7.22 6.54 6.49 6.52 6.49

References

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