Palasa is a major mandal and municipal town in Srikakulam district, Andhra Pradesh is often called the “White Gold City” because of its strong cashew industry. The town and nearby Uddanam belt host over 300–350 cashew processing units, making this the largest cashew kernel centre in Andhra Pradesh and one of the most important cashew hubs in North Coastal Andhra. Cashew nuts from this region are known for their rich taste, good quality and strong market demand, and the industry provides direct and indirect employment to thousands of local workers, especially women.
Palasa’s identity comes from its cashew business, which for decades has been developed and expanded mainly by the Vysya community. Palasa has grown into a busy trade centre with cashew godowns, small factories, transport links and supporting businesses built around its strong cashew industry. Cashews produced here are exported to other foreign countries. This strong export business has earned Palasa the name “Cashew Hub” of the region. Along with cashews, the area also grows plenty of coconuts and jackfruits, adding to the mandal’s rich agricultural value.
Palasa is easily accessible by all three major modes of transport—roadways, railways, and airways—which is a relief for many travel enthusiasts planning to visit the town.
Tekkali APSRTC bus station and Haripuram APSRTC bus station are the nearest major bus stations to Palasa. APSRTC operates several buses from major cities to Palasa.
Railways are one of the most affordable and preferred travel options in India, and Palasa is well connected through nearby stations such as Mandasa and Pundi railway stations.
For air travel, the nearest airports to Palasa are Visakhapatnam Airport and Biju Patnaik Airport in Bhubaneswar, offering convenient connectivity for visitors.
The Gandahati Waterfalls, located on the Mahendratanaya River in the Gajapati district of Odisha, is another beautiful attraction near Palasa. Enclosed by dense forests and scenic mountains, the waterfall draws many visitors, especially during the winter season. Its natural beauty and serene environment make it a perfect getaway for nature lovers.
The Siva Sagar Beach in Akkupalli is one of the best spots for picnics and weekend outings. Surrounded by frothy blue waters and lush green landscapes, the beach offers a breathtaking and peaceful view. Its close distance from Palasa makes it a convenient and popular destination for people looking to relax and enjoy nature.
| Bank Name | Bank Address |
|---|---|
| ICICI Bank Palasa Address | 13 - 2 - 194, Kasibugga - Tharlakota Road, Palasa |
| Karur Vysya Bank Palasa Address | Mogilipadu, Palasa - Goppili Road, Palasa |
| Axis Bank Palasa Address | No 1/6/885, Kasibugga - Tharlakota Road, Palasa |
| Canara Bank Palasa Address | near Vijay Jewel Planet, Kasibugga - Tharlakota Road, Palasa |
| Central Bank of India Palasa Address | Opp Mee Seva Center, Mogilipadu, Palasa - Goppili Road, Palasa |
| Lakshmi Vilas Bank Palasa Address | near Mee Seva Center, Mogilipadu, Palasa - Goppili Road, Palasa |
| State Bank of India Palasa Address | near the snack box, Mogilipadu, Palasa - Goppili Road, Palasa |
| HDFC Bank Palasa Address | D.N0.12/2/179/B, KT Rd, Palasa |
| Bank Of India Palasa Address | besides SM Wines, Kasibugga - Tharlakota Road, Palasa |
| Union Bank of India Palasa Address | 11-1-148, near Sri Krishna Hospital, Potanapallivari Veedhi, Palasa |
| APGVB Palasa Address | near Megha Footwear, Shivaji Nagar, Palasa |
| Indian Bank Palasa Address | 20-4-115, Opp SBI Bank, Purushothapuram, Palasa |
| DCCB Bank Palasa Address | K.T.Road, Near Srinivasa Lodge, Palasa |
| Bank Name | Bank IFSC Codes |
|---|---|
| ICICI Bank Palasa IFSC Code | ICIC0000699 |
| Karur Vysya Bank Palasa IFSC Code | KVBL0001486 |
| Axis Bank Palasa IFSC Code | UTIB0001295 |
| Canara Bank Palasa IFSC Code | CNRB0005581 |
| Central Bank of India Palasa IFSC Code | CBIN0283361 |
| Lakshmi Vilas Bank Palasa IFSC Code | LAVB0000566 |
| State Bank of India Palasa IFSC Code | SBIN0001006 |
| HDFC Bank Palasa IFSC Code | HDFC0001623 |
| Bank Of India Palasa IFSC Code | BKID0005667 |
| Union Bank of India Palasa IFSC Code | UBIN0803081 |
| APGVB Palasa IFSC Code | APGV0001175 |
| Indian Bank Palasa IFSC Code | IDIB000P256 |
| DCCB Bank Palasa IFSC Code | APBL0001008 |
| Bank Name | Bank Toll Free Numbers |
|---|---|
| Karu Vysya Bank Palasa | 1860 200 1916 |
| Axis Bank Palasa | 1860 500 5555 |
| Canara Bank Palasa | 1800 425 0018 |
| Central Bank of India Palasa | 1800 22 1911 |
| Lakshmi Vilas Bank Palasa | 1800 425 2233 |
| State Bank of India Palasa | 1800 425 3800 |
| HDFC Bank Palasa | 1800 258 3838 |
| Bank Of India Palasa | 1800 22 0229 |
| Union Bank of India Palasa | 1800 22 2244 |
| APGVB Palasa | 1800 121 0354 |
| Indian Bank Palasa | 1800 4250 0000 |
| DCCB Bank Palasa | 18004251958 |
