Andhra Bank will deploy over 1,600 business correspondents (BCs) to provide a host of services like account opening, door-step banking, ATM deployment and NPA recovery under its financial inclusion project. The bank will deploy these business correspondents mainly in Andhra Pradesh and Telangana.
The lender has been implementing the financial inclusion project since 2010 through the BCs model with micro ATMs/kiosk banking technology. Among others, BCs may also be assigned with other financial and non-financial transactions like recovery of loans, enrolment of social security schemes as well as mobilization of new business for the bank.
Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.
