What is the Full Form of APGVB?

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APGVB Full Form

The full form of APGVB is Andhra Pradesh Grameena Vikas Bank. It is a regional bank located in the Indian city of Warangal. It was established as a Regional Rural Bank in 2006 under the Regional Rural Banks Act of 1976. It has over 771 branches in India out of which around 500 are located in rural areas which highlights the commitment of this bank to serve people in backward areas. Additionally, it also has 2804 Bank Mitra Points across 2 states.  

Also Read: What is the Full Form of RBI?

History of APGVB

  • The Andhra Pradesh Grameena Vikas Bank was established on 31 March 2006. 
  • It was formed through the amalgamation of five banks including the Manjeera Grameena Bank, Sangameshwara Grameena Bank, Kakatiya Grameena Bank, Nagarjuna Grameena Bank, and Sri Visakha Grameena Bank.
  • It is sponsored by the SBI and is currently operating in 21 districts of the Indian state of Telangana and 3 districts of Andhra Pradesh. 

Services Provided by the APGVB

The Andhra Pradesh Grameena Vikas Bank offers a multitude of financial services to its customers including:

1. Deposits

  • Current deposits
  • Savings bank deposits
  • Fixed deposits
  • NRI deposits
  • Insurance cover 

2. Loans

  • Housing loans
  • Education loans
  • Personal loans
  • SME loans
  • Auto loans
  • Loans against deposits
  • Asset-backed loans
  • Gold loans

3. Digital banking

  • Internet banking
  • Mobile banking
  • UPI services
  • ATM Debit Card
  • DISA (Video KYC Account)

4. Additional services 

  • Locker Facilities
  • POS Machines
  • AEPS Facility
  • Aadahr Enrollment centers
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