| ALLAHABAD BANK was a nationalized Indian bank headquartered in Kolkata, India. Founded in Allahabad in 1865 and nationalized by the Indian government in 1969, the bank offered banking and financial services for 155 years before merging with Indian Bank in 2020. It was India’s oldest operating joint stock bank until its merger. Show Allahabad Bank had around 3245 branches in India as of March 31, 2018. During the fiscal year 2017-18, the bank did 3.8 trillion in total transactions. In June 2018, the bank’s market capitalization was $573 million, placing it at 1,882 on the Forbes Global 2000 list. A group of Europeans created Allahabad Bank on April 24, 1865. Related Articles
It had branches in Jhansi, Kanpur, Lucknow, Bareilly, Nainital, Calcutta, and Delhi by the nineteenth century. The equity shares of Allahabad Bank are traded on the Bombay Stock Exchange and the National Stock Exchange of India. As of March 31, 2013, the bank employed 22,557 people, with 3,293 of them being women (15%). Officers made up 51% of the overall workforce, clerks made up 30%, and subordinates made up the remaining 19%. During the same fiscal year, the bank hired 1,950 people (1,421 officers, 390 clerks, and 139 support staff). The corporation spent $20 billion on employee benefits during the same fiscal year. During the fiscal year 2013-14, the business per employee was 13.50 million, with a net profit of 0.477 million. Ans: Allahabad IFSC Code and MICR Code can be found in your bank checkbook. IFSC Code is also printed on the front page of your passbook. While MICR Code is written in the bottom of the cheque leaf, on the right side of the cheque number.Allahabad Bank: IFSC codeThe Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code is used by electronic payment system applications such as RTGS, and NEFT. It is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same. NEFT timings and charges Is IFSC code of Allahabad Bank changed?On account of the amalgamation of Allahabad Bank into Indian Bank the data bases of both the Banks are slated for merger on 13th and 14th February 2021. Hence, the Branch Codes, MICR Codes and Indian Financial Standards codes (IFSC) of erstwhile Allahabad Bank would be undergoing a change.
What is the IFSC code of Allahabad Bank after merger with INDIAN BANK?A: The IFSC Code of ALLAHABAD branch of INDIAN BANK is IDIB000A046.
Is IFSC code changed after merging?Sometimes, banks undergo internal restructuring or get merged/acquired due to which the account numbers and IFSC can change. In such cases, you'll have to update the same at our end. You can update the account number or IFSC change by following the online 'primary bank account change' process explained here .
Is Allahabad Bank merged with Union bank?In a move to restructure and redefine the country's banking space, in 2021, the government of India merged 10 Public Sector (PSU) Banks into 4 banks.
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List of Merged Banks.. |
Allahabad Bank IFSC Code New 2022
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