Allahabad Bank IFSC Code Search

Bank code				Zero	Branch code
A	L	L	A	0	A	U	1	3	2	5

Allahabad Bank IFSC is made in a pattern that the starting four digits correspond to the Allahabad Bank, the fifth digit is zero by default and the remaining digits correspond to the branch.

Examples of Allahabad Bank IFSC

IFSC	Branch
ALLA0211539	Mata Mandir, Bhopal
ALLA0210609	Imphal, Manipur

IFSC was developed by the RBI for exchanging money between banks in an error-free manner. IFSC recognizes the branches taking part in fund transfer and hence the funds reach the right destination.

IFSC carries out fund transfer in a secure and hassle-free manner hence it has become an integral part of the fund transfer system in India.

Be it an online or offline transfer it is mandatory to enter correct IFSC in order to channelize the funds to the right bank.

With the help of IFSC, it has become possible to transfer money in a safe and convenient way. With the coming of IFSC, Online banking has become a safe platform for fund transfer. Let us get in detail with the various fund transfer system that utilizes IFSC for their working.

NEFT

1. NEFT is an electronic money transfer system started by the RBI
2. Settlement takes place in batches in case of NEFT
3. Unlike RTGS fund transfer in NEFT does not take place in real-time rather it works on Deferred Net Settlement (DNS) basis
4. NEFT can be carried out via both online and offline modes

RTGS

1. RTGS is a real-time electronic money transfer system started by the RBI
2. Fund transfer takes place on a gross basis without netting
3. RTGS is not available all throughout the year but there is a specific time of operation usually 7 am to 6 pm on working days
4. RTGS can be carried out by visiting the bank branch as well as by online modes

IMPS

1. IMPS is instant fund transfer system maintained by the National Payments Corporation of India (NPCI)
2. IMPS is functional the entire year including the bank holidays
3. IMPS carry out fund transfer in real-time through various modes like Phones, ATMs, SMS, Internet Banking, etc.

Here are some of the ways to find Allahabad Bank IFSC and MICR Code

Paisabazaar IFSC Tool Locator: It is an IFSC code finder tool introduced by the Paisabazaar that helps its customers to get the IFSC and MICR of any bank. Simply get to the Paisabazaar IFSC Tool Locator and select the required bank branch from the drop-down menu and get the IFSC as well as the MICR Code.

Alternatively, one can refer to the website of the RBI and find out the IFSC and MICR codes.

Passbook

A passbook is a document assigned by the bank that summarizes all the transactional activities of an account holder. On the front page of a passbook, IFSC of the account holder’s bank branch is mentioned.

Cheque Leaf

A cheque book is a booklet containing cheques issued to the customers by their banks. One can check the IFSC on the top of a cheque leaf.

Internet Banking/ Mobile Banking

One is required to login to Allahabad Bank Netbanking Portal or Allahabad Bank Mobile Banking to get the required IFSC.

Allahabad Bank Magnetic Ink Character Recognition Code (MICR) is a 9-figure code present at the bottom of a cheque on the MICR band which aids in quicker processing of cheques.

This MICR Code on a cheque is written with magnetic ink so any sort of fraud or error can be determined when checked by a magnetic scanner.

Examples of MICR Codes with Branches

795010002 - Imphal, Manipur

600010007 - Adyar, Chennai

MICR Code Format

City			Bank			Branch
6	0	0	0	1	0	0	0	7

MICR Code is divided into 3 sections

• The first section corresponds to the City
• The middle three digits correspond to the Bank
• The last section denotes the Branch

Passbook

A passbook is a document assigned by the bank that summarizes all the transactional activities of an account holder. On the front page of a passbook, the MICR Code of the account holder’s bank branch is mentioned.

Cheque leaf

A cheque book is a booklet issued to the customers by their respective banks. One can check the MICR Code on the bottom of a cheque leaf.

Internet Banking/ Mobile Banking

One is required to login to Allahabad Bank Netbanking Portal or Allahabad Bank Mobile Banking to get the required MICR Code.

SWIFT Code is a code that recognizes various bank branches internationally.

Just like an IFSC SWIFT Code also acts as a standardized method of identifying bank branches and exchanging funds between them.

SWIFT Code contains mix of letters and alphabets and usually has 8 to 11 digits.

How to find the Allahabad Bank Swift Code?

Simply get in touch with the Allahabad Customer Care Department to know the required SWIFT Code.

Here is a quick difference between the three codes

Allahabad Bank IFSC

• The full form of IFSC is Indian Financial System Code
• Formed by the combination of 11 alphanumeric characters IFSC is used to channelize money to the right destination
• It was started to monitor fund transfer across the country by the RBI

Allahabad Bank MICR Code

• The full form of MICR is Magnetic Ink Character Recognition
• MICR Code consists of 9 digits that play an important role in simplifying the cheque clearing process
• RBI introduced MICR Code and is assigned to all the banks for the identification process

Allahabad Bank SWIFT Code

• A SWIFT Code is a unique code that aids in exchanging funds between the banks at the international level
• The code consists of 8 to 11 characters and is a part of Bank Identifier Code (BIC)