Andhra Bank
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Toll Free Number : 1800 425 1515

Non Fund Based Advances
  Bank Guarantee

Andhra Bank is sanctioning Non Fund Limits basing on the Customers’ Needs.

All types of customers namely Corporates, Firms, Sole proprietary concerns, individuals are eligible for the limits.
Bank Guarantees are issued for various purposes depending on the nature of transaction between parties to the contract. Some of the Guarantees are listed below :
  1. Guarantees for Advance payment
  2. Guarantees for Earnest Money Deposit
  3. Guarantees for Bridge finance
  4. Guarantees for Performance contracts
  5. Mobilization guarantee
  6. Guarantees in Foreign Trade
a) Bid-Bond guarantees
b) Retention Money guarantees
c) Repayment guarantees

Margin, Commission and Processing charges depend on the credit rating and credit worthiness of the customer.