Andhra Pradesh Grameena Vikas Bank

Andhra Pradesh Grameena Vikas Bank

Andhra Pradesh Grameena Vikas Bank is a regional rural bank located in Warangal, India. This bank was established in the year 206 as a Regional Rural Bank as per the Regional Rural Banks Act 1976. It was founded on 31st March 2006 and it has its headquarters in Warangal, India. The bank is related to the banking and finance industry and there are around 3239 employees working in it. 

Andhra Pradesh Grameena Vikas Bank Offerings

• It is convenient
• There is an overdraft facility
• There is the issuance of cheque book
• There are no risks of carrying any cash
• Net banking facilities are available

Andhra Pradesh Grameena Vikas Bank Loan Offered

• House building loans
• Gold Loan
• Personal Loan
• Car loan
• Education loan
• Agriculture Cash Credits

Gold Loan

The features of Andhra Pradesh Vikas Grameena Bank Gold Loan are as under:

• The interest rate is around 7% per annum
• The gold loan rate per gram is from Rs. 3,506- Rs. 4,621/-
• There has to be a minimum of 18 carats of gold
• The processing fee is 1% of the loan amount.
• The tenure is from 3months to 36 months

Personal Loan

The Andhra Pradesh Grameena Vikas Bank Personal Loan is summed up in the following points:

• The age of the applicant has to be between 21 years to 60 years
• The CIBIL score has to be above 600
• The interest rate is 9.99% per annum
• The lowest EMI per lakh is Rs. 2149/-
• There are no prepayment charges

Car Loan

The Car Loan is the best because of the following reasons: –

• The minimum amount of loan is Rs. 100,000
• The interest rate is 7.05% per annum
• The tenure of the loan is 12 months to 60 months
• The lowest EMI per lakh is Rs. 1622/-
• The foreclosure charges are 6% of the loan amount.

Home Loan

The Home loan is explained in the following points:

• The interest rate for women is 8.30%
• The interest rate for men is 8.35%
• The loan tenure is 15 years
• The applicant must be a citizen of India
• The age has to be between 18 years to 70 years

Credit Card

The Andhra Pradesh Grameena Vikas Bank also provides credit cards. It also offers special loan schemes to the farmers and the credit basket includes loans to farmers, agricultural loans, priority sector loans and education loans.

Net Banking

The Andhra Pradesh Grameena Vikas Bank net banking facility is an online banking facility and it can be accessed from the website of the bank. A person has to register at the branch where he is having his account to avail the facility.

Customer Care Number

Customer Complaints

If you want to file any complaint to Andhra Pradesh Grameena Vikas Bank, then you can either mail at apgvikasbank2006@yahoo.co.in. or you can call on 0870-2577769.

How To Open A Savings Account in Andhra Pradesh Grameena Vikas Bank?

1. Visit the Andhra Pradesh Grameena Vikas Bank branch
2. Fill in the Account Opening Form for Savings Account
3. Attach and deposit the required documents
4. Verify the AOF and documents
5. Deposit the minimum balance in the account
6. Get the passbook and chequebook.

How To Open A Current Bank Account in Andhra Pradesh Grameena Vikas Bank?

1. Visit the Andhra Pradesh Grameena Vikas Bank branch
2. Fill in the Account Opening Form for Current Account
3. Attach and deposit the required documents
4. Verify the AOF and documents
5. Deposit the minimum balance in the account
6. Get the passbook and chequebook.

Andhra Pradesh Grameena Vikas Bank FAQs

✅ What is the IFSC of this bank?

The IFSC for this bank is APGV0004137.

✅ Is Andhra Pradesh Grameena Vikas Bank a Government Bank?

It is under the ownership of the Ministry of Finance, Government of India.

✅ What is the interest rate of the Andhra Pradesh Grameena Vikas Bank Gold Loan?

The interest rate of the Andhra Pradesh Grameena Vikas Bank Gold Loan is 7.05% per annum.