Andhra Pragathi Grameena Bank

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Andhra Pragathi Grameena Bank

Andhra Pragathi Grameena Bank

Andhra Pragathi Grameena Bank is an Indian Regional Rural Bank based in Andhra Pradesh, India. It was founded in 2006 as a Scheduled Commercial Bank under the Regional Rural Banks Act of 1976 to provide banking services in Rayalaseema and Coastal Andhra. It is owned by the Ministry of Finance, Government of India.

To establish Andhra Pragathi Grameena Bank, Syndicate Bank (now Canara Bank) merged three rural banks: Sri Anantha Grameena Bank, Pinakini Grameena Bank, and Rayalaseema Grameena Bank. The Bank serves the rural poor in one of Andhra Pradesh’s poorest districts.

Andhra Pragathi Grameena Bank Offerings

Andhra Pragathi Grameena Bank offers various kinds of loans such as:

  • Car Loan
  • Personal Loan
  • Gold Loan
  • Home Loan

Andhra Pragathi Grameena Bank offers various kinds of banking such as:

  • Net Banking
  • Customer Care
  • Balance Enquiry

Andhra Pragathi Grameena Bank offers two kinds of Deposit Accounts such as:

  • Savings Account
  • Current Account

Andhra Pragathi Grameena Bank Loans Offered

  • Car Loan– The Bank offers a wide range of business services and is well-known and respected. A used vehicle loan is a type of automobile loan used to purchase and finance a used or previously owned vehicle.
  • Personal Loan–At a 12.15 per cent annual interest rate, the Personal Loan is accessible to salaried and self-employed persons with repayment capacity.
  • Gold Loan–The Andhra Pragathi Grameena Bank, founded in 1983 and supported by the State Bank of India, is a rural bank in Andhra (State bank of India). This Bank may be found in all of Andhra’s districts. The purpose of this Bank is to provide financial assistance to the country’s common inhabitants. Personal loans, gold loans, and home loans are just a few of the services offered by this Bank.
  • Home Loan– NRI housing loans are available from Andhra Pragathi Grameena Bank at a preferential interest rate starting at 6.80 per cent for qualified non-resident Indian borrowers. Female borrowers are eligible for special interest rate reductions. With variable interest rates, there are no prepayment penalties.

Andhra Pragathi Grameena Bank Gold Loan

An Andhra Pragathi Grameena Bank Gold Loan is a secured loan given to customers who pledge their gold jewellery as security. These loans are often used to meet short-term financial obligations. Gold loans allow for large disbursements; you may borrow up to a crore with a gold loan, but a personal loan has a maximum limit of 40 lakhs. The interest rate on gold loans at Andhra Pragathi Grameena Bank changes from time to time. Here are some facts about the Gold Loan Interest Rate:-

  • Loans in Gold The annual interest rate is 7%.
  • A small processing fee of 0.85% is charged.
  • Charges for pre-closing range from 0% to 2%.
  • Tenure is for a minimum of six months and a maximum of five years.
  • Amount From a few thousand to a crore.

Andhra Pragathi Grameena Bank Personal Loan

Personal loans assist us when we require more financial assistance, whether for a family vacation or your child’s future education. Personal loans with simple repayment alternatives are available from Andhra Pragathi Grameena Bank.

Let’s have a look at some of the characteristics of the personal loan:

  • You can borrow anywhere between Rs.50,000 and Rs.50 lakhs.
  • Repayment terms range from 12 to 60 months.
  • There is no need for security.
  • There is no corresponding documentation.
  • Rates start at 12.15 per cent per year and go up from there.
  • Processing costs range from 2% to 2%.
  • There are no additional prepayment costs.
  • If you don’t pay your EMI, you’ll be charged a monthly defaulter fee on the amount you owe.

Andhra Pragathi Grameena Bank Car Loan

Andhra Pragathi Grameena Bank is a rural bank in India that serves the state of Andhra Pradesh. It was founded in 2006 to serve the Rayalaseema and Coastal Andhra areas by providing financial services. Andhra Pragathi Grameena Bank provides Automobile Loans to anyone interested in purchasing a new or used car at a fair interest rate. Anyone with a strong credit score/CIBIL score may quickly obtain a vehicle loan.

  • Interest rates begin at 9.99 per cent per annum.
  • Repayment terms ranging from one to five years.
  • No-hassle procedure.
  • A 2% processing fee will be added to the loan amount.

Andhra Pragathi Grameena Bank Home Loan

Buying a dream home is something that almost everyone wishes about. At some point in our lives, we all want to purchase our own home, i.e. the home of our dreams. A house that we had always fantasised of as children. A house loan allows you to make that desire a reality. It assists you in obtaining your ideal home and relieves you of the stress of making all of the payments at once. Andhra Pragathi Grameena Bank is a financial institution that offers house loans at a reasonable interest rate. It also provides a Customer Care facility to help us address our difficulties quickly.

  • Home Loan is a financial service that assists you in purchasing a home in your name.
  • It allows you to avoid paying taxes.
  • It allows you to sleep soundly in your own home while easing the strain of paying all of your bills at once.
  • It offers house loans at a reasonable rate of interest.

Andhra Pragathi Grameena Bank Credit Card

Andhra Pragathi Grameena Bank is a Scheduled Commercial Bank in India that provides credit cards to its customers timely and hassle-free. It was founded in 2006 as an Indian Regional Rural Bank. To pay their overdue dues promptly, customers can use the Bank’s online or offline payment options.
Andhra Pragathi Grameena Bank provides various options for paying credit card bills, including debit cards, NetBanking, branch visits, UPI, digital wallet, insta pay, a self-service site, bill desk, NEFT/RTGS, and more. In addition, you may pay your credit card bills on time using any of the methods described above, avoiding the Bank’s late fee penalties.

Andhra Pragathi Grameena Bank Net Banking

Netbanking contributes to the creation of an environment that allows for quick and hassle-free transactions. Online banking allows you to do financial transactions without having to travel to a bank.

To register, follow these simple steps:

  1. To use the net banking service of Andhra Pragathi Grameena Bank, you must first register on their website.
  2. Enter the requested information, most of which will be available in your passbook, such as your account number.
  3. A User ID and password will be generated, which will be used to access the portal.
  4. You may now personalise your login ID and password.
  5. You may now use the APGB mobile app to do your banking by enrolling with your registered cellphone number.

Andhra Pragathi Grameena Bank Customer Care Number

Toll-Free No 1800-425-2045
All India No 8562244153
Email pragathibank@apgb.in

Andhra Pragathi Grameena Bank Customer Complaints

The Regional Rural Banks Act of 1976 established the Andhra Pragathi Grameena Bank. The Bank is headquartered in Kadapa and serves five districts: Anantapuramu, Y. S. R. (Kadapa), Kurnool, Nellore, and Prakasam. It has 552 branches and fits the requirements of the rural poor as well as other areas. By reaching out to individuals in the countryside, the Bank has played a critical role in the region’s economic growth of its operation.

At Andhra Pragathi Grameena Bank, customer support services include complaint redressal, compensation policy, complaints, customer feedback form, grievance redressal, and more.

How to Open a Savings Account in Andhra Pragathi Grameena Bank

To open a Savings Account in Andhra Pragathi Grameena Bank, you need to follow these steps:

Step1: Pay a personal visit to an Andhra Pragathi Grameena Bank branch.

Step 2: Complete the Account Opening Form (AOF) for the Savings Account.

Step 3: Include with the Account Opening Form any required (mandatory) documents (AOF)

Step 4: Account Opening Form (AOF) and Other Documents Verification by the Banker

Step 5: Make a minimum deposit into your Savings Account following the requirements of your Savings Account.

Step 6: Obtain from the Bank a cheque book, passbook, debit card, and other documents.

How to Open a Current Account in Andhra Pragathi Grameena Bank

To open a Current Account in Andhra Pragathi Grameena Bank, you need to follow these steps:

Step 1: Go to a bank branch.

Step 2: Completing the Account Opening Form (AOF) for a Current Account

Step 3: Include with the AOF any required (mandatory) documents.

Step 4: Banker verification of AOF and other documents

Step 5: Make a minimum deposit into the account.

Step 6: Obtain a cheque book, a passbook, and other necessary documents from the Bank.


Andhra Pragathi Grameena Bank FAQs

Andhra Pragathi Grameena Bank is sponsored by which Bank?

Syndicate Bank
Andhra Pragathi Grameena Bank was formed when Syndicate Bank (now Canara Bank) merged three rural banks: Sri Anantha Grameena Bank, Pinakini Grameena Bank, and Rayalaseema Grameena Bank.

What is the procedure for registering for APGB Internet Banking?

To use APGVB Internet Banking, you must first register at the branch where you have an account. When you create an APGVB Internet Banking User ID, the Bank will send you the APGVB Internet Banking Starter Kit. The starting package will include the User ID and Password for logging into the APGVB Internet Banking Portal.

What is the Andhra Pragathi Grameena Bank’s minimum balance?

The minimum deposit is Rs. 500/-, with multiples of Rs. 100/- afterwards.

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