Credit Card Debt

Andhra Bank Credit Card


Answers

i have andhra bank visa gold credit card, i want to send money to my friend in usa holding boa account?

can i transfer money online to usa using my indian visa credit card
using online or netbanking is it possible to transfer money


I very much doubt if this kind of overseas remittance/money transfer transaction 'directly' using a credit card issued by your Andhra Bank is permissible in India. All these cards are subject of RBI regulations and also governed by FEMA. Any violation may lead to serious criminal offence attracting heavy penalties and imprisonment.

Two safe options could be considered here. One, consult your bank and proceed complying formalities for remittance/money transfer through your bank account. Secondly, draw cash against this credit card, if such facility is available to you, and use such drawing for remittance. Avoid using Paypal/Western Union services etc for oversees outward remittances.

Oversees shopping/payments for services is feasible, subject to rules, using only international cards - through online or netbanking. However, direct outward remittances/ money transfers (without any shopping etc. transactions) using even international cards is prohibited. Consult your card issuing bank for re-confirmation and advice.

i have a credit card given by andhra bank (indian). can i order something from ebay USA in dollars?

i always had a big doubt can i order something in other currency through my credit card. does the credit card company charge me in rupees(the indian currency) or in dollars? i will be very thankful if you can help me out.


The payment system of eBay USA is only limited to U.S. funds in legal tender of Money Orders, Personal Checks{not widely accepted, only at the discretion of selected sellers} and U.S. based banks issued Credit cards with the VISA, MasterCard, Discover and American Express logos pay thru PayPal only.

In this case, PayPal, the agent between you a credit card holder and the seller, will refuse your payment because it was not issued by a U.S. Based bank. and is funded by a foreign bank. You cannot pay directly to the seller with your credit card.

ipod @ rs.199. i saw this on ebay.can i really buy it at that price.any conditions to buy?

if i can get that at that price.pls tell me whats the process to buy.i dont have credit card scratcher.but the credit card of andhra bank


I wouldn't buy an iPod from ebay, there are lots of counterfeits out there that aren't made by Apple. They look very similar, but are not iPods.

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FINO to exploit the Mighty Mobile Market for banking in India

PRLog (Press Release) Oct 24, 2009 – Pune: Mobile Banking is the hottest area of development in the banking sector and is expected to replace the credit/debit card system in future. In past two years, a Mobile Banking user has increased three times if we compare the use of either debit card or credit card. Moreover 85-90% mobile users do not own credit cards. There is at least 36% of population that are literate have mobile phones and have no access to credit. This is the potential market that would appreciate mobile banking solutions. Financial Information Network and Operations Ltd. (FINO) has launched the radical FINO-MITRA a Comprehensive package of Mobile enabled

Indian Bank hopes to disburse Rs.8500 crore advances

“As of date, the bank’s undisbursed loan sanctions is Rs.17,000 crore and we hope to disburse around Rs.8,500 crore this fiscal,” said Indian Bank chairman and managing director M.S. Sundara Rajan.

“Documentations for disbursal of the sanctions are in various stages,” Rajan told reporters after announcing the bank’s half yearly results.

Admitting that the 12 percent growth in advances portfolio during the first six months was less than the targeted 20 percent, he said: “Industries have to borrow now for working capital requirements as they have used up their pending inventory. The bank is getting loan proposals from varied industries like sugar, cement, power and others.”

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