Allahabad Bank IFSC Code (Indian Financial System Code) is an eleven-digit code assigned to each bank by the Reserve Bank of India.
Some of the Unique Features of Allahabad Bank IFSC Code are listed below:
- Helps to uniquely identify a specific bank branch
- Helps to reduce errors in the fund transfer process
- Used for all electronic payment options such as NEFT, RTGS, and IMPS
Allahabad IFSC Code Format
|Bank code||Zero||Branch code|
The first four alphabets of IFSC code indicate the Bank name followed by a zero and the last 6 digits indicate the bank branch.
Some examples are as under -
Why do we need the Allahabad Bank IFSC Code?
Allahabad Bank IFSC Code is utilized by the fund transfer systems to recognize the origination and destination bank branches. So, the functioning of the online fund transfer systems like NEFT and RTGS is extensively dependent on IFSC code.
Moreover, the IFSC code is used by the RBI to keep a regular track of all the banking transactions, thereby minimizing the possible chances of any discrepancy in the fund transfer process.
How to transfer money using the Allahabad Bank IFSC Code?
Using IFSC code, one can send money to another person who holds an account in any branch of the same or different bank by a number of ways:
National Electronic Funds Transfer (NEFT) is a fund transfer mode that works on deferred settlement basis which means the transactions are carried out in batches.
In order to carry out fund transactions through NEFT, the sender has to provide the following details -
- Beneficiary’s name
- IFSC code of the beneficiary bank branch
- Account type
- Account number
Fund transfers through the Real Time Gross Settlement system occur on a real-time basis. In order to make a transaction using RTGS, the sender needs to provide the following details
- name of the payee
- account number
- IFSC code of the beneficiary’s bank branch
- amount to be paid
Immediate Payment Services is a real-time instant inter-bank fund transfer system. This service is available 24x7, throughout the year. In order to send money, the sender needs to provide the following details -
- Beneficiary’s account no
- Account type
- IFSC Code of beneficiary’s bank branch
- Beneficiary’s name
How to find the Allahabad Bank IFSC Code & MICR Code?
Customers can search for Allahabad IFSC Code & MICR Code by any of the below-mentioned ways -
- Account-holders can search for the IFSC Code of Allahabad Bank using the online IFSC Search Tool offered by Paisabazaar. Account-holders can follow the steps mentioned below:
- In order to search for the Allahabad Bank IFSC code, customers need to visit the IFSC Code Locator Tool offered by Paisabazaar
- Type the name of the bank i.e. Allahabad Bank
- Enter the essential information like state and city
- Select the bank branch to check the Allahabad Bank IFSC Code of a specific bank branch
Alternatively, IFSC and MICR codes for any Allahabad Bank branch can be found on the RBI Website.
Where to find Allahabad Bank IFSC Code?
- Account-holders can check Allahabad IFSC Code on their bank cheque. The image below will help understand better:
- IFSC code is mentioned at the top of the cheque whereas Cheque number and MICR code is present at the bottom of the cheque.
- Account-holders can also check their Allahabad Bank IFSC Code on their account passbook provided by the bank
- Customers can also know their Allahabad IFSC code in the bank’s mobile application or through internet banking after login using the credentials
What is the Allahabad Bank MICR Code?
Allahabad Bank MICR code is a unique 9-digit code that enables faster processing of cheques. Account-holders can check their Allahabad Bank MICR codes at the bottom of their cheque (as shown in the image above).
Structure of MICR Code
MICR Code is divided into 3 parts wherein the first 3 digits represent the city code, the next three digits stand for the bank code while the last three digits represent the bank branch code.
Examples of MICR Code -
The MICR Code of Alipur Branch, Delhi is 10010028
The MICR Code of Bhopal Branch, Gujarat is 380010018
Where to find Allahabad Bank MICR Code?
- Account-holders can check their Allahabad Bank MICR codes at the bottom of their cheque as shown in the image above
- One can look into the Allahabad Bank’s passbook as well for the same
- Allahabad Netbanking Account and the Mobile Banking App can also be used to get the MICR Codes of the respective bank branch
What is the Allahabad Bank Swift Code?
Allahabad Bank Swift Code or Swift number is an internationally recognized identification code used for international wire transfers around the world. The code comprises 8 or 11 alphanumeric characters that are required to carry out overseas fund transfer. The Swift code of every bank branch is unique.\
How to find the Allahabad Bank Swift Code?
Customers need to contact the Allahabad Customer Care Department to get the required Swift Code.
Difference between Allahabad Bank IFSC, MICR & SWIFT Code
|IFSC Code||MICR Code||SWIFT Code|
|Stands for Indian Financial System Code||Stands for Magnetic Ink Character Recognition||Stands for Society for Worldwide Interbank Financial Telecommunication|
|Is a unique identification code required for electronic transfer of funds via NEFT, RTGS and IMPS system||MICR code uses magnetic ink and makes the processing of a large number of cheques easier||Swift code helps in easier identification of the financial institution thus making an international transfer of money instant|
|Contains 11 alphanumeric characters||Contains 9-digits||Contains 8 to 11 characters|
How to locate the nearest Allahabad Bank branch from IFSC Code?
IFSC Code of the Allahabad Bank can be used to locate any bank branch. The IFSC Code is formed in such a way that the first 4 characters represent the name of the bank, the fifth character is ‘0’ while the last 6 characters denote a particular bank branch.
Hence from the last 6 characters, one can locate the Allahabad Bank branch.
Does Allahabad Bank Credit Card have IFSC Code?
No, a credit or a debit card doesn't contain any kind of IFSC Code. IFSC Code is a unique identification code designated by the Reserve Bank of India for each bank branch across the country used in the fund transfer system.
However, in case a cardholder wants to make the credit card bill payment, he/she has to enter the Allahabad Credit Card IFSC Code to make the payment through NEFT/RTGS.
What is the Allahabad Bank CIF Number?
CIF Number is the customer number with the bank to which all the accounts of a customer are linked. As per RBI guidelines, a person can have only one CIF number with a bank. All the accounts should be linked to the same CIF.
What is Allahabad Bank BSR Code?
A BSR Code is a 7 digit code allotted by the Reserve Bank of India to the registered banks in India. The code is composed of 7-digits wherein the first three digits are for identification of the bank and the last four digits are for identification of the branch.
Importance of BSR Code -
BSR Codes are used mainly when filing Tax Deduction at Source (TDS) and Tax Collected at Source (TCS) returns which helps banks to keep a clear record of every online payment done towards tax.
How to find the Allahabad Bank branch Code?
If we look at the Allahabad Bank IFSC Code format, the first 4 characters represent the bank code. The fifth character is 0 (zero), whereas the last 6 characters of the code represent the respective branch.
So from the last 6 characters, one can find out the Allahabad Bank Branch code.