Allahabad Bank

Profile of Allahabad Bank:

Allahabad Bank History – Allahabad Bank ltd was started in the nineteenth Century on April 24, 1865 at Allahabad by a group of Europeans. In 1924, the head office of Allahabad Bank was shifted to Calcutta to develop the Banking status. Allahabad Bank became a national Bank in the year 1969 along with 13 additional Banks. Allahabad Bank is under the guidance of Shri K.R. Kamath, Chairman and Managing Director and Shri J.P. Dua, Exexutive Director.

Allahabad Bank Branch & ATM Network

As on 31^st March, 2009, Allahabad Bank has computerized all its 2260 branches including foreign branches, 69 extension counters and 26 Zonal offices. Allahabad Bank has installed 211 ATMs and to facilitate the service, Allahabad Bank customer can access all VISA & NFS ATM over 38,000 across the country for all sorts of transactions at free of cost. International business of Allahabad Bank is carried out through its 55 branches including 6 foreign branches.

Allahabad Bank Financials

Allahabad Bank has tied up with National Financial Switch (NFS), a project by M/S IDRBT Hyderabad, RBI’s institute, for sharing ATM network across 28 Bank. Total employee strength of Allahabad Bank is 20,457. Till March 2009, the asset of Allahabad Bank was Rs. 97829.50crores with a net profit of Rs. 768.60crores for the year 2008 – 2009.

Allahabad Bank Services

Allahabad Bank has installed 66 rented lines and over 200 ISDN lines across the country for providing E-mail, RTGS facilities to Allahabad Bank branches. RTGS facility is available in 886 branches and 906 branches are working under core Banking platform. Allahabad Bank has introduces a lot of technology backed products such as internet Banking, SMS Banking, E – Banking and NRI Banking. Allahabad Bank provides loan for education, housing and also for buying cars.

Allahabad Bank Products:

Permanent salaried employees, Professionals & Self-Employed Persons and Businessmen having regular income to liquidate the loans are being offered with the products below.

Deposit Products
Retail Credit Products
Other Credit Products

Allahabad Bank Other services:

Most of the schemes are available to all depositors maintaining saving account/ current account / term deposit account.

All Ayushman Bima Yojana
Cash management Services
Depository Services
Visa Debit cum ATM card
RTGS
NEFT
Gold Card Scheme for Exporters
Charter for MSMEs
Government Business

Allahabad Bank Interest Rates :

Interest rates and services charges are applicable for the Allahabad Bank schemes given below.

Deposit Schemes
Credit Schemes
Service charge and fees

Allahabad Bank International Banking:

Allahabad Bank has arrangements with correspondents at various overseas locations, which will ensure extending to all their NRI customers rich Banking experience.