SBI Bank
State Bank of India (SBI) has a significant presence in Machilipatnam, with several branches located throughout the city to serve its customer base. Notable branches include the Masulipatnam Branchand the Masulipatnam Bazar Branch, both of which are listed on the Krishna District government website with their respective IFSC codes for electronic transfers. Additionally, Google Maps and other sources identify further locations such as the SBI branch on Kennady Road in Ramanaidupet, the SBILD branch near Lakshmi Talkies, and the Bhaskarapuram branch on Nirmala Convent Road. This network of branches ensures that residents have convenient access to a wide range of SBI’s services. Each of these branches in Machilipatnam provides customers with comprehensive banking services, including savings and current accounts, personal and business loans, and various investment options. Many of the branches offer drive-through services and have ATMs on-site, providing flexibility and convenience for customers. The bank also supports a robust digital banking platform, allowing customers to manage their accounts and transactions online or via the mobile app. For example, the Bhaskarapuram branch is noted for its friendly staff and quick completion of work for services like gold loans. While reviews for different branches vary, SBI’s multiple locations in Machilipatnam provide extensive coverage, ensuring that individuals and businesses can access necessary banking services. For electronic transactions, customers can utilize the specific IFSC codes associated with each branch, such as SBIN0000874 for the Masulipatnam Branch and SBIN0001596 for the Masulipatnam Bazar Branch. The broad network of branches, coupled with its digital services, enables SBI to effectively meet the diverse banking needs of the Machilipatnam community.
Axis Bank
Axis Bank operates a branch in Machilipatnam, located on Kennady Road in the Jagannadhapuram area, providing a wide array of financial services to the local community. The bank’s presence offers residents convenient access to its products and services, which include various types of loans such as home, car, and personal loans, as well as current and savings accounts, credit cards, and debit cards. The Machilipatnam branch is part of Axis Bank’s larger network, ensuring reliability and access to advanced digital banking platforms for seamless transactions. The branch is situated in a prominent location, beside Durga Mahal, making it easily accessible for customers. Its business hours run from Monday to Friday, from 9:30 a.m. to 3:30 p.m., while remaining closed on weekends. In addition to its in-person services, Axis Bank emphasizes excellent customer-centric service through empowered employees and the use of modern technology. For electronic fund transfers like NEFT and RTGS, customers can use the specific branch IFSC code: UTIB0000504.
IDFC FIRST Bank
IDFC FIRST Bank serves the community of Machilipatnam from its branch located on the Main Road, right beside the Samas Showroom. The branch operates from Monday to Friday, and offers a comprehensive range of financial solutions, including both personal and business banking services. Leveraging a customer-centric and technology-driven approach, IDFC FIRST Bank provides Machilipatnam residents with access to modern banking conveniences, including drive-through services. The Machilipatnam branch is equipped to handle a variety of customer needs, offering everything from standard accounts to specialized investment options and a range of loan products. These include personal loans, home loans, and tailored business loans for small and micro-enterprises. Customers can also avail themselves of a variety of digital banking services, allowing for easy, anytime-anywhere access to their accounts and seamless management of transactions through online and mobile banking platforms.
Union Bank of India
Union Bank of India maintains a strong presence in Machilipatnam, with a network of branches and ATMs serving the local community. Following its amalgamation with Andhra Bank, several former Andhra Bank branches, including the significant Founders Branch in Ramanaidupet, are now operating under the Union Bank of India name, expanding the bank’s reach in the city. This provides residents with easy access to a comprehensive suite of banking and financial services, from opening various types of accounts to applying for loans and using digital banking solutions. The bank offers a blend of traditional in-person banking and modern digital services to cater to all customers in Machilipatnam. In addition to physical branches, the city also features a dedicated Digital Banking Unit on Kenedy Road in Ramanaidupeta. This unit specializes in digital services, allowing customers to open accounts and apply for loans digitally, catering to those who prefer a tech-savvy banking experience. For routine transactions, numerous Union Bank ATMs are strategically placed across the city, including in areas like Chilakalapudi, Godugupet, and Javvarpet, ensuring easy access to cash and other automated services.