Andhra bank has tied up with The stock Holding Corporation of India (SHCIL)  to make an entry into the stock trading on the Internet through its Stock Direct Project. 

This facility to trade on the net will be available even to those who do not have a personal computer. Just like ATM's, there will be RTM's , short for Request Transmitting machines that will be installed at various places, so that people without PC can also request access. RTM's are operated using an access card given to every member. Two RTM's are installed at SHCIL and Andhra Bank.

Andhra Bank has also tied up with SHCIL  for extending the depository services. Unlike other banks which have forayed into the depository services on their own, Andhra Bank has preferred to offer such services by collaborating with SHCIL.

-30th August'00

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