Allahabad Bank IFSC code & MICR code

It is very simple to get the IFSC codes once you know the name of the bank and branch. One can find IFSC codes and MICR codes on cheque books/leaflets that is issued by Allahabad Bank or on the official website of the bank. One can find a comprehensive list of IFSC codes on the Reserve Bank of India website. Other than these, one can look at the  third party financial websites like BankBazaar for the complete list of IFSC codes for Allahabad Bank branches in India, as well as other banks and their branches.

Following are the steps you should follow to get the IFSC or MICR codes that you require by logging onto the BankBazaar website:

• Visit the BankBazaar website, scroll down the homepage, find the 'Bank IFSC Code' tab and click on it.
• This will open a second page where there will be a few drops down menus from which you will have to choose the ones that you are looking for.
• There will be a 'Select Bank' drop down options will show you a list of banks that you can choose from. You must click on 'Allahabad Bank', followed by the appropriate option for 'Select State', 'Select District' and 'Select Branch'. BankBazaar will generate the codes as soon as you select the mentioned information.
• You can also choose to browse through the list of banks which are provided on the same page and find the bank manually to get the IFSC code.

The generated table will not only provide you with the IFSC code but also the MICR code, phone number, address of the branch, name, branch code, etc.

How to Transfer Money using Allahabad Bank NEFT and RTGS?

Using NEFT or RTGS services at Allahabad Bank to make online transactions are simple, quick and safe.

National Electronic Funds Transfer (NEFT):

The NEFT facility can be used by all Allahabad Bank customers to make fund transfers from one bank to another. You can choose from over 2700 Allahabad Bank branches which are enabled with NEFT facilities to make your transactions. You can visit the official website for the complete list of branches that are NEFT enabled.

Basically, NEFT (National Electronic Funds Transfers) works based on Deferred Net Settlements. If you have debited the amount within the time-frame that is stipulated by the bank, it will be credited to the beneficiary on the same day. If not, the amount will be credited on the following working day.

Allahabad Bank carries out eleven settlements during the day by RBI on weekdays. This is between 9.00 AM and 7.00 PM. On Saturdays, settlements are carried out between 9.00 AM and 1.00 PM.

You will need the following information to use NEFT service at Allahabad Bank:

1. The name of the receiver
2. The name of the receiver's bank and branch
3. The receiver's account number
4. The IFSC code of the receiver's bank branch
5. The amount to be transferred

Following are the Service Charges on NEFT transactions at Allahabad Bank:

Inward transactions will not be charged.

Real Time Gross Settlement System (RTGS):

Real Time Gross Settlement System (RTGS) , unlike NEFT, involves transfers being completed on an individual transaction basis which means that the clearance of funds are scheduled individually and not batch-wise. If you are looking for the quickest way to transfer funds, RTGS may be the perfect option. Not only is it one of the quickest modes of fund transfer, but it is also one of the safest.

Allahabad bank ensures that all the transactions will be completed on the same day that the customer debits the fund, unless it has been done after the indicated time frame. You can choose from over 2700 Allahabad Bank branches which are enabled with RTGS facilities to make your transactions. You can visit the official website for the complete list of branches that are RTGS enabled. As long as the branch that you are transferring money to is RTGS enabled, this facility is available to you.

You will need the following information to use RTGS service at Allahabad Bank:

1. The receiver's name
2. The receiver's bank and branch name
3. IFSC Code of the receiver's bank
4. The transfer amount
5. The receiver's account number
6. A remark for the receiver, if any

The following are the charges for availing the RTGS service (for outward transactions) at Allahabad Bank:

These are the charges only for Outstation Outward Remittance. Inward Remittance and Local Outward Remittance is not charged.

About Allahabad Bank:

Headquartered in Kolkata, Allahabad Bank is one of the oldest joint stock banks in the country. The bank was established in 1865 in Allahabad by a group of Europeans. Allahabad Bank has a rich history and many achievements under its belt. Today, the establishment has over 2,500 branches across the country. There is also a branch in Hong Kong.