Allahabad Bank

Allahabad Bank is one of the oldest and the most premier banks in India. The bank was founded on 1865 by the Europeans of Allahabad. Gradually the bank established its subsidiaries in Lucknow, Kanpur, Bareilly, Jhansi, Delhi and Kolkata. From 1923 Allahabad Bank had shifted its head office in Kolkata. The bank was nationalized by the Indian government on July 19th, 1969. United Industrial Bank Limited merged with the Allahabad Bank in 1989. With crores of banking assets, the bank began its overseas operations with representative offices at Shnezen , China and Hong Kong.

Some of the exclusive services of Allahabad bank include All Ayushman Bima Yojana, Cash Management Services, Depository Services, Bank Assurance & Mutual Fund, Gold Card Scheme for Exporters, Visa Debit Cum ATM Card, SSI Finance, Real Time Gross Settlement (RTGS) and Charter for SMEs. All Ayushman Bima Yojana offers several schemes and opportunities to the bank depositors who have a current account and savings account in the bank. The depositors can insure their lives for one-year time span without any medical examination. The cash management services of Allahabad Bank helps in effective fund management and cost control through its customized cash management solutions. The bank offers ATM services in its 110 branches in various cities and towns in India. One can withdraw cash, check accounts, deposit cash and make balance inquiry through ATMs. Allahabad Bank offers instant remittance facility through RTGS (Real time Gross Settlement) to individual and corporate people for fund transfers from their accounts to RTGS enabled accounts. The account holders of Allahabad Bank can receive funds from other RTGS enabled banks and offices.

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