The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The Allahabad Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'ALLA', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Allahabad Bank branch. If you are looking for online IFSC Code of Allahabad Bank you can find here in Goodreturns.
The IFSC codes are very easy to access until you remember the name of the bank and branch.
IFSC codes and MICR codes can be identified on chequebooks / leaflets issued by Allahabad Bank or on the bank's website. On the official website of Reserve Bank of India you can also find a complete list of IFSC codes for all the banks in India. But apart from these the full list of IFSC codes for Allahabad Bank branches in India, as well as other banks and their branches can be found at third party financial websites such as Goodreturns.in
It is convenient , fast, and secure to use NEFT or RTGS services at Allahabad Bank to make online transactions.
All Allahabad Bank customers can use the NEFT facility to render fund transfers from one bank to another. You can select from over 3,000 branches of Allahabad Bank that are allowed to make your transactions with NEFT services. For the full list of branches that are NEFT compatible, you can visit the official website of the bank. Practically, focused on Deferred Net Settlements, NEFT (National Electronic Funds Transfers) operates. If you have reimbursed the balance within the time-frame defined by the bank, the payee will be credited on the same day. If not, on the next working day, the balance will be credited. On weekdays, Allahabad Bank carries out eleven RBI settlements during the day. It takes place between 9.00 AM and 7.00 PM. Settlements are conducted between 9.00AM and 1.00 PM on Saturdays. To use the NEFT service at Allahabad Bank, you will need the below listed specifics.
Applicable charges on NEFT transactions at Allahabad Bank are as follows:
Unlike NEFT, the Real Time Gross Settlement System (RTGS) includes completing transactions on an individual transaction basis, which ensures that the confirmation of funds is specifically scheduled but not batch-wise. RTGS might be the best choice if you are searching for the fastest way to transfer money. It is not only one of the shortest forms of transfer of funds, but it really is one of the easiest and secured. Allahabad Bank guarantees that all transfers are made on the same day that the fund is debited by the customer, unless this has been achieved after the time frame specified. You can benefit from over 2700 branches of Allahabad Bank that are able to make transactions with RTGS services. For the full list of branches that are RTGS allowed, you can check the official site of the bank respectively. This facility is open to you as long as the branch you are transferring money to is RTGS allowed. To use the RTGS facility at Allahabad Bank, you will need the following details:
Charges required for the use of the RTGS service (for outward transactions) at Allahabad Bank are as follows:
IFSC was established in an error-free way by the RBI for transferring funds between banks. IFSC acknowledges the branches active in the transfer of funds and thereby hits the correct destination for the funds. The IFSC helps out the transfer of funds in a smooth and hassle-free way and has thus become an essential part of India's fund transfer framework. In addition, to transfer the funds to the appropriate bank, it is mandatory to enter the proper IFSC, whether it is an online or offline transfer. It has emerged possible to transfer money in a secure and easy way with the aid of the IFSC. Internet banking has become a convenient forum for the transfer of funds with the introduction of the IFSC. Below covered are some ways following which you can locate the IFSC Code of your specific bank branch.
Through passbook- A passbook is a bank-assigned document that summarises all of an account holder's transactional activities. The IFSC of the account holder's bank branch is specified on the front page of the passbook.
Through cheque book- A booklet containing cheques given to consumers by their banks is a cheque booklet. On the top of a cheque leaf, one can inspect the IFSC.
Mobile Banking or Net Banking facilities of the bank- In order to get the appropriate IFSC, one must login to Allahabad Bank Netbanking Portal or Allahabad Bank Mobile Banking.
It has become possible to transfer funds in a safe and easy way with the aid of the IFSC. Internet banking has become a safe forum for the transfer of funds with the introduction of the IFSC. Let us get to the different fund transfer methods that use IFSC for their role in depth.
The Magnetic Ink Character Recognition Code (MICR) of Allahabad Bank is a 9-figure code which can be at the bottom of a cheque on the MICR section that allows processing cheques in a faster way. This MICR code is executed with magnetic ink on a cheque so that when verified by a magnetic scanner, any form of theft or failure may be identified.
Structure of Allahabad Bank MICR Code
On the above-mentioned instances, the MICR is categorised into 3 segments
By following the below-covered ways, one can find the MICR Code of his or her specific bank branch.
Allahabad Bank Passbook- A passbook is a bank-assigned record that summarises all of an account holder's transactional activities. The MICR Code of the account holder's bank branch is stated on the front page of a passbook.
Allahabad Bank Cheque Book- A cheque book is a booklet provided by their respective banks to their customers. On the bottom of a cheque sheet, one can find the MICR Code of his or her particular branch.
Mobile Banking and Net Banking- To get the appropriate MICR Code, one must log in to Allahabad Bank Net banking Portal or Allahabad Bank Mobile Banking.
One of the country's NEFT (National Electronic Funds Transfer) allowed banks is Allahabad Bank. Using IMPS, RTGS & NEFT, the bank serves its customers with the service to transfer funds. You can download the Allahabad Bank NEFT Form online or visit the nearest bank branch if you want to use NEFT.
Procedure to fill Allahabad Bank NEFT form
By filling out the NEFT form in two ways, Allahabad Bank account holders can use the NEFT facility.
If a customer needs to transfer money via Allahabad Bank Net banking or mobile banking service, he / she must specify the below listed details:
If a customer prefers to use the NEFT facility by visiting the branch, it is essential to fill out the Allahabad Bank NEFT Form with the following details:
Key pros of Allahabad Bank NEFT facility
Account holders can transfer up to Rs. 2 lakh per transaction and Rs. 5 lakh per day via NEFT. Allahabad Bank NEFT limit for business customers is Rs. 2 lakh per transaction and Rs. 10 lakh per day.
By clicking the link below, customers can download the Allahabad Bank NEFT Form:
Inter Bank does not indicate within the same bank. Inter Bank Transfer specifies that an individual (remitter) with a bank account 'A' transfers money to another person (payee/recipient) with a bank account 'B.' Inter Bank Transfer is a specialized service that helps you to transfer money to a bank account through any other bank in India from your bank account. Inter Bank Transfer facilitates a digital transfer of money from the remitter's bank account to the recipient's account operated at any other bank. In order to transfer the money, the person to which the funds are to be transferred or the payment is to be made has to be added as a 'beneficiary' and his/her bank account information should be specified. You are required to add an inter-bank 'beneficiary' to your account whenever you want to transfer payment from your Allahabad Bank Bank account to another bank account other than Allahabad Bank Bank. You can transfer the amount from your account to his/her account after adding the inter-bank 'beneficiary'. You must have the online banking service in your account enabled for this function. It is extremely quick and convenient to add an inter-bank 'beneficiary' to your account. In case you want to add a payee to your account with Allahabad Branch Bank, you need to follow the step-by-step procedure listed below:
Steps to add inter-bank beneficiary in Allahabad Bank
Almost all of India's private and public sector banks facilitate RTGS transactions. RTGS and NEFT transactions have been increasingly emphasized by the country's central bank, the Reserve Bank of India, in order to improve banking services. At all of its branches, Allahabad Bank also has the RTGS fund transfer service. To keep the process the same and simple, the bank has a widely format Allahabad Bank RTGS form throughout its branches. A high-end money transfer method is Real Time Gross Settlement or RTGS; users who wish to transfer more than Rs 2 lakhs in a single transaction can choose for this form of electronic money transfer; there is no maximum limit on amount to transfer. Both in English and Hindi, the Allahabad Bank RTGS form is open. To make the procedure much simpler for the payers, the local branches can even have a form in the regional language. RTGS is regulated by the Reserve Bank of India and, thus, the transfer can not be reversed once it has been credited in the bank account of the recipient. According to the RBI guidelines, the balance must be deposited by the sender 's bank into the recipient's bank account within 30 minutes. The amount must be repaid within 2 hours in the event that the transaction is ineffective.
As both online and offline RTGS transactions are allowed by Allahabad Bank, the Allahabad Bank RTGS form is accessible both on the official portal of the bank and at the branch. The sender must add the receiver to the RTGS transfer mode for online transactions; this can only be accomplished by signing in to net banking. Though Allahabad Bank's non-banking customers can carry out RTGS transactions at the bank branch, online RTGS transactions are accessible only to account holders of the bank. For RTGS transactions conducted at the branch, there is a nominal fee; online RTGS transfers are cost-free. Only banks which have enrolled in this online format of money transfer can accept RTGS payments. It is important to grasp the following terms and conditions to fulfil the Allahabad Bank RTGS form.
The applicant must fill in the Allahabad Bank RTGS form with the following details in order to initiate fund transfer using RTGS offline:
Payment details: The details of the amount to be paid comes with this section and here you need to enter:
Details of the payer: In this section, you will have to enter your details such as:
Details of the recipient: In this section you will have to specify all the required details of the beneficiary carefully and correctly.
Mobile Money Identifier, also shortened as MMID, is a 7-digit unique number used for the MMID mechanism for interbank transactions across mobile banking. An MMID will be open to each account holder and this will facilitate in defining a specific bank account. For all banking transactions, primarily the transfer of funds, this code must be linked to registered mobile number with the bank of the customer. Read about IMPS (Immediate Payment Systems) activation at Allahabad Bank in just a few quick steps here. Nationalized public sector Allahabad Bank allows its customers to make fund transfers and online transactions using their mobile using NPCI services i.e. IMPS. Customers can also transfer the cash instantly via their mobile, where transaction is immediate. NPCI has set a cap for transfers using mobile number or IFSC, account number or Aadhaar. MMID must be generated by every users of mobile banking services. All Allahabad Bank CBS customers with a mobile number identified with the bank can receive their MMID by sending SMS.
Just type and send it to the mobile number 9248085700.
Alternatively, by selecting IMPS -> Generate MMID, mobile banking customers can receive their MMID via a mobile application.
Allahabad Bank is among India's most trusted banks. Allahabad Bank Timings must be recognized by customers who want to visit the bank. Allahabad Bank resumed its usual operating hours for customers in August. The bank now runs from Monday to Saturday (except Saturday 2nd and 4th) from 10:00 AM to 4:00 PM. Apart from, all of the previously restricted non-essential facilities have been reinstated. Additional preventative steps at the bank are being taken—
Every day except 2nd & 4th Saturdays, NEFT transactions from the branch office are conducted between 8:00 AM to 7:00 PM. Service charges related to the transfer of funds via NEFT facilitated online also were temporarily excluded. RTGS transactions are conducted every day except 2nd & 4th Saturdays at Allahabad Bank branch offices from 8:00 AM to 4:30 PM. As instructed by the RBI, the service charges applicable to the online facilitated transfer of funds through RTGS have been revoked. To perform RTGS transactions for free, customers can use net banking or else mobile banking channels of the bank.
The Allahabad Bank opens every day on weekdays at 10 AM. The bank will only run on the first, third and fifth Saturdays of the month and will have the same opening hours as the regular weekdays. Even on Saturdays, the bank does not operate and is closed on Sundays.
An official lunch schedule for the workers is not pursued by Allahabad Bank. The workers, however, begin their lunch break about 1 pm and take it on a rotational basis so that the bank's operation is not disrupted. Timings for lunch can differ across branches of the bank.
At 4 PM every day the Allahabad Bank shuts down its banking services. Even on working days, the bank shuts at the same time. At any time between their working hours, customers can visit the bank and can trust the bank to have a seamless service. Timings can differ across the bank's branches.
The lockers of the Allahabad Bank work on the same schedule as their banking hours. The bank has not scheduled aside any particular period for their lockers to run. During banking hours, customers who want to use the lockers can visit their nearest branch at any time.
Nationalized public sector Allahabad Bank allows customers to use NPCI services to make transactions and payments from their mobile devices, i.e. With IMPS. Customers can also transfer the money immediately via their smartphone, where payment is instantaneous. NPCI has set a cap for the transfer of money through account number or Aadhaar with mobile or IFSC.
Users of each mobile banking application need to generate MMID. By sending SMS
Alternatively, by selecting IMPS -> Generate MMID, mobile banking customers can obtain their MMID from a mobile application.
By sending SMS
Using the Allahabad mobile banking application you can send funds to the beneficiary under the menu section. For more details follow the below-listed steps:
Allahabad Bank is among India's highly successful public sector banks. Allahabad Bank aims to fulfil all the banking needs of its customers and provides a variety of services. Credit cards, which are among the best credit cards available in the banking industry, are one such product provided by Allahabad Bank. Allahabad Bank has concentrated on listening to its customers' wishes in order to develop the credit cards according to its customers' financial specifications, whether it be travelling, shopping, movies, dinings, and so on.Allahabad bank's credit cards give its customers incentives and benefits, such as cash back, discounts, and so forth. Customers with a credit card of Allahabad bank receive loyalty points for every transaction, which can later be redeemed for deals and offers. Now let us take a peek at the payment mechanism for Allahabad credit card bills.
The payment period of the Allahabad credit card creates a credit card statement that notes the amount payable by the issuer of the credit card. With the digital development in the banking sector, customers now tend to use the online methods for payment of credit card bills. The Bank has adopted different strategies for the payment of Allahabad credit card bills. If you have an account with Allahabad Bank or if you have a savings account at any other bank, you can pay your credit card bill via NEFT. Prior to making some NEFT payments for credit card bills, registering your credit card as a beneficiary is necessary. Follow the steps below in order to pay your Allahabad bank credit card bills via NEFT.
Inter Bank does not mean across the same bank. Inter Bank Transfer specifies that an individual (remitter) with a bank account 'A' transfers money to another person (payee/recipient) with a bank account 'B.' Inter Bank Transfer is a specialized service that helps you to transfer money into a bank account with any other bank in India from your bank account. Inter Bank Transfer facilitates an online transfer of money from the remitter's bank account to the recipient's account operated at any other bank. In order to transfer the money, the individual to which the funds are to be transferred or the payment is to be rendered has to be added as a 'beneficiary' and his/her bank account information should be mentioned. You are required to add an inter-bank 'beneficiary' to your account if you want to transfer payment from your Allahabad Bank Bank account to another bank account other than Allahabad Bank Bank. You can transfer the amount from your account to his/her account after adding the inter-bank 'beneficiary'. You must have the online banking service in your account enabled for this reason.
The branches of Allahabad Bank are also classified with the unique IFSC code, much like every other bank. Normally, Allahabad Bank's IFSC code begins with ALLA, followed by 7 numbers. Thus, the IFSC code format for Allahabad Bank is ALLA0123456 for instance. An IFSC code is an unique code that reflects the bank's branch throughout India. It calls for Indian Financial System Code. An IFSC code is an unique code that reflects the bank's branch throughout India. It calls for Code of the Indian Financial System. It has 11 characters and is a blend of English alphabets and numbers. The name of the bank is generally depicted in the English alphabet. ABCD1234567 is the standard IFSC code format. The first four letters reflect the bank and then the following numbers reflect the branch and generally known as branch code. The IFSC code issued by the Reserve Bank of India is used for many banking applications, particularly for online and offline money transfers. Every bank engaged in Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT) and Central Fund Management System (CFMS) the code is used to define each bank and its respective branch.
All need to make sure that his or her funds hit the targeted bank without any trouble while making a transaction. If money is transferred to the wrong account, since the transaction can not be reversed immediately, it creates a lot of complications and needless annoyance. If such a scenario occurred, before getting your money back, you will need to be in contact with your bank to explain precisely what happened and wait for a certain time frame. You will get it back finally, but only after wasting the time. Without even understanding it, one can transfer funds to a poor bank/branch. We accept that a mistake is a human flaw, but a simple mistake may be a major annoyance for you. If you incorrectly provide inaccurate account details or the bank is to be responsible, it is easy to make a wrong transaction for someone. Through sending or forwarding messages to the particular branches of each particular bank, IFSC supports in conducting fund transfer transactions electronically. In comparison, IFSC is used to identify all the branches active in a transfer process by fund transfer mechanisms. Obviously, to some degree, the smooth running of both NEFT and RTGS is dependent on IFSC. On the first page of your passbook as well as the cheque book, you can find your branch's IFSC code. On the official website of the Reserve Bank of India, you can find the IFSC code list of all bank branches.