Allahabad Bank IFSC Code MICR Code

Allahabad Bank IFSC CODE

Allahabad Bank was founded in 1865 with its headquarters in Kolkata, India. It was a nationalised bank until its merger with the Indian Bank. Allahabad Bank was the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment. Allahabad Bank has 3245 branches across India. Allahabad bank is a public sector undertaking bank.

Allahabad Bank IFSC Code 11 digit code where first 4 digit are alphabets , 5th digit is always ZERO and ast 5 digit represents branch code. The IFSC and MICR Code for Allahabad Bank are easily available online and also on cheque books issued by the bank. Every cheque leaf of a cheque book issued by the bank will carry the IFSC code of the issuing branch., the first four letters will be 'ALLA', and the last 6 digits will represent a specific branch code. Taking example, the IFSC code of the Allahabad Bank branch on Rajlok, 24 Nehru Place, New Delhi 110019, is ALLA0210615. Here, 210615 is the branch code.

Allahabad Bank has branches in 33 States Across India

Allahabad Bank NEFT, RTGS, IMPS Timings

Transaction timings for Allahabad Bank are from Monday to Saturday (except 2nd & 4th Saturday which is Bank Week Off) and for NEFT timings are from 8AM to 6:30 PM, for RTGS timings are from 8 AM to 4:30 PM. IMGS allows 24x7 transfer of funds.

Allahabad Bank NEFT, RTGS, IMPS transaction limit

NEFT has a limit of 50,000/0 maximum per transaction while RTGS is primarily meant for large value transactions with min amount of INR 2 Lakhs with no upper limit in RTGS transactions. IMPS has Rs. 50,000 max fund transfer in a day.

Allahabad Bankr NEFT, RTGS, IMPS Charges On Digital Plateform

  1. RBI has removed charges for NEFT, RTGS payments. It has asked banks to pass on benefits to customers.
  2. RTGS is used for transferring high value amounts. The minimum amount that can be currently transferred is Rs 2 lakh.
  3. This move will benefit the small traders who deal in small value transactions and operates on small margins.
  4. NEFT is a payment system facilitating funds transfers from one bank account to another.

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