SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Andhra Bank unveils two new deposit-cum-insurance schemes

11 Aug 2015 Evaluate

Andhra Bank has introduced two new deposit-cum-insurance schemes as a social security measure on the eve of Raksha Bandhan. The two schemes, Suraksha Bima Deposit and Jeevan Suraksha Bima Deposit, are available to customers in the 18-70 and 18-50 age groups, respectively. Under Suraksha Bima deposit scheme, a single payment of Rs 201 would cover accidental insurance of Rs 2 lakh, while under Jeevan Suraksha Bima deposit, accidental and natural death would be covered on payment of Rs 5,001. The insurance coverage under Jeevan Suraksha Bima is Rs 2 lakh for both accidental and natural death. The deposits can be subscribed by way of gift cheques.

The bank has reported 89.27% rise in its net profit at Rs 202.52 crore for the quarter as compared to Rs 107.00 crore for the same quarter in the previous year. Total income of the bank has increased by 7.71% at Rs 4529.23 crore for quarter under review as compared to Rs 4205.06 crore for the quarter ended June 30, 2014.

Andhra Bank-Amalgama Share Price

15.55 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×