Allahabad Bank

The Allahabad Bank was established during 1865 and is the oldest among the joint stock banks in the country. It presently has in excess of 2500 branches. It has a representative office at Shenzhen along with a branch at Hong Kong.

Allahabad Bank Management



Board of Directors

Name Designation
JP DuaManaging Director and Chairman
TR ChawlaExecutive Director
MR NayakExecutive Director
Shashank SaksenaGovernment Nominee Director
A UdgataRBI Nominee Director
Rajesh M ChaturvediChartered Accountant Director
Gour DasWorkmen Employee Director
Nirmal Kumar BariOfficer Employee Director
Deveshwar Narain Singh Part-time Non-official Director
Sudip ChaudhuriShareholder Director
Ashok VijShareholder Director
APVN SarmaShareholder Director


Executives

Name Designation
AB BhattacharjeeGeneral Manager
MM NeyogiField General Manager
RK JainField General Manager
SK WidhaniGeneral Manager
SK SrivastavaGeneral Manager
Satish Kumar KalraGeneral Manager
Dibyendu Chakraborty Field General Manager
Vinod Kumar ChawlaGeneral Manager
RP SinghGeneral Manager
VS Krishna KumarGeneral Manager
PS BhatiaGeneral Manager
Trisha GuhaGeneral Manager
Debashish SarkarGeneral Manager
BK SrivastavGeneral Manager
GK GoswamiGeneral Manager
AK ChatterjeeGeneral Manager
Binod KumarGeneral Manager


Allahabad Bank Network

Boutique Branches of Centralized Retail Banking
  • Andhra Pradesh: Hyderabad
  • Maharashtra: Nagpur and Mumbai
  • Bihar: Bhagalpur and Patna
  • New Delhi
  • Chandigarh
  • Orissa: Bhubaneswar
  • Chattisgarh: Raipur
  • Punjab: Ludhiana
  • Gujarat: Ahmedabad
  • Rajasthan: Jaipur
  • Jharkhand: Ranchi
  • Tamil Nadu: Chennai
  • Karnataka: Bangalore
  • Uttar Pradesh: Agra, Lucknow, Allahabad, Meerut, Ghaziabad, Varanasi, Gorakhpur, Dehradun, and Kanpur
  • Madhya Pradesh: Jabalpur and Bhopal
  • West Bengal: Kolkata
Boutique Branches of Retail Banking

1.Andhra Pradesh: Vizag
2.Madhya Pradesh: Dhar, Indore New Palasia, Gwalior, and Satna (SSIFB)
3.Bihar: Biharshariff, Madhubani, Chapra, Muzaffarpur, Darbhanga, Samastipur, Motihari, Sitamarhi, Katihar, and Hazipur
4.Maharashtra: Amravati, Pune, and Aurangabad
5.Chattisgarh: Durg and Bilaspur Vyper Vihar
6.Orissa: Cuttack
7.Gujarat: Baroda Sayajiganj
8.Punjab: Amritsar KA, Mohali, Pathankot, Patiala, Sagarpura, Rajpura, and Jalandhar Civil Lines
9.Haryana: Ambala City, Rohtak, Gurgaon, Yamunanagar, and Karnal
10.Tripura: Agartala
11.Jammu and Kashmir: Jammu
12.Uttar Pradesh: Azamgarh, Orai, Balia, Jhansi City Office, Barabanki, Lakhimpur, Bareilly Civil Lines, Moradabad Civil Lines, Basti, Muzaffarnagar, Deoria, Shahjahanpur, Gonda, Sitapur Main, Gonda, Sultanpur, and Hardoi
13.Jharkhand: Bokaro Steel City, Jamshedpur Sakchi, Deoghar, SSIFB Ramgarh, Dhanbad, Kumardhubi, Hazaribagh Main, and Chaibasa
14.Uttaranchal: Kashipur and Haldwani
15.Karnataka: Mangalore, Tumkur, and Mysore
16.West Bengal: Habra, Khosbagan Burdwan, Udairajpur, KT More Jalpaiguri, Asansol, Berhampur, SN Road Bolepur, and Krishnanagar
17.Kerala: Ernakulam

Zonal Branches:

Agra, Kanpur, Ahmedabad, Kolkata, Allahabad, Lakhimpur Kheri, Asansol, Lucknow, Bahraich, Ludhiana, Bangalore, Meerut, Barasat, Midnapore, Behala, Mirzapur, Bhopal, Moradabad, Bhubaneswar, Mumbai, Chandigarh, Muzaffarpur, Chennai, Nagpur, Chinsurah, New Delhi, Dehradun, Patna, Deoghar, Raipur, Dibrugarh, Ranchi, Gonda, Satna, Gorakhpur, Siliguri, Guwahati, Sitapur, Hamirpur, Varanasi, Hyderabad, Bhagalpur, Jabalpur, Berhampore, and Jaipur

Allahabad Bank Products

The products of Allahabad Bank are offered in three major segments – Deposit Products, Credit Retail Products, and Other Credit Products.

Deposit Products:

1.Flexi Fix Deposit Scheme
2.All Bank Vikash SB Account
3.INR 5 Banking
4.All Bank Premium Current Account
5.All Bank Tax Benefit Term Deposit Scheme
6.Current Plus Deposit Scheme
7.All Bank Premium SB Account
8.Sishu Mangal Deposit Scheme
9.All Bank Mahila Sanchay Account

Retail Care Products

  • Allbank Ashiana (Home Loan)
  • All Bank Property Loan
  • All Bank Housing Finance Scheme
  • All Bank Furnishing Loan
  • All Bank Educational Loan Scheme
  • All Bank Gold Loan Scheme
  • All Bank Car Finance Scheme
  • All Bank Mobike Scheme
  • All Bank Saral Loan Scheme
  • Overdraft Facility in Savings Bank Account
  • Personal Loan Scheme for Pensioners
  • All Bank Abhusan Scheme
  • Personal Loan Scheme for Doctors/ Medical Practitioners
  • All Bank Trade Scheme
  • Loan against NSC/ KVP
  • AllBank Gyan Dipika Scheme
  • All Bank Rent Loan
  • Allbank Reverse Mortgage Scheme

Other Care Products

  • Kisan Credit Card
  • AllBank-Expo
  • Kisan Shakti Yojana
Allahabad Bank Services

The following services are also provided by the Allahabad Bank:

  • All Ayushman Bima Yojana
  • Bancassurance and Mutual Fund
  • Cash Management Services
  • Gold Scheme for Exporters
  • Depository Services
  • Charter for MSMEs
  • Visa Debit cum ATM Card
  • Government Business
  • Real Time Gross Settlement (RTGS)
  • MSME Care Centre in Jharkhand State for All Banks
  • National Electronic Funds Transfer (NEFT)
  • Internet Banking
Allahabad Bank International Banking

The following products and segments are provided by the bank in the International Banking segment:

Deposit Schemes
  • Foreign Currency Non Resident Account
  • Non-Resident Ordinary (NRO) Account
  • Non Resident External (NRE) Accounts

Loans

  • Education Loans
  • Housing Loans
Export Finance

Allahabad Bank Interest Rates

Deposit Schemes

Term PeriodRate (in percent)
7-14 days4
15-29 days 5
30-45 days5
46-60 days5.5
61-90 days6
91-179 days7
180-269 days8
270-364 days8
1-2 years 9.5
2-3 years9
3-5 years8.75
5-10 years8.5


Non Resident (External) Rupee Term Deposit Accounts (NRE)
Term PeriodRate (in percent)
1-2 years9.5
2-3 years9
3-5 years8.75
5-10 years8.5


Foreign Currency Non-Resident (FCNR (B) Account and Resident Foreign Currency (RFC) Account
Term PeriodInterest rate for USD deposits (in percent)Interest rate for CAD deposits (in percent)Interest rate for GBP deposits (in percent)Interest rate for AUD deposits (in percent)Interest rate for EUR deposits (in percent)
1-2 years2.33.33.116.22.55
2-3 years1.812.942.634.952.21
3-4 years1.923.062.725.012.32
4-5 years2.133.172.835.242.5
5 years2.363.282.955.342.7


Credit Schemes

Micro, Small & Medium Enterprises (MSME) Advances (Secured)
Loan AmountRate for Micro EnterprisesRate for Small EnterprisesRate for Medium Enterprises
Till INR 50 thousandBase rate (BR)BR and 0.5%BR and 1%
INR 50 thousand – 2 lakhsBR and 1%BR and 1.5%BR and 2%
INR 2 lakhs – INR 10 lakhs BR and 1.5%BR and 2%BR and 2.5%
More than 10 lakhs (the rates are decided on the basis of the loan’s ranking)AB-1 - BR and 1.5% AB-5 - BR and 5% AB-2 - BR and 1.5% AB-6 - BR and 6% AB-3 - BR and 2.5% AB-7 - BR and 7% AB-4 - BR and 3.5%AB-1 - BR and 2% AB-5 - BR and 5.5% AB-2 - BR and 2.5% AB-6 - BR and 6.5% AB-3 - BR and 3% AB-7 - BR and 7.5% AB-4 - BR and 3.5%AB-1 - BR and 2.5% AB-5 - BR and 5.5% AB-2 - BR and 3% AB-6 - BR and 6.5% AB-3 - BR and 3.5% AB-7 - BR and 7.5% AB-4 - BR and 3.5%


Agriculture Advances (Secured)
Loan AmountRate of interest
Till INR 50,000BR and 0.75%
INR 50,000-INR 2 lakhsBR and 2%
INR 2 lakhs-INR 5 lakhsBR and 3.5%
INR 5 lakhs-INR 10 lakhsBR and 4.5%
More than INR 10 lakhsDepends on the borrowers’ risk rating
Financing for SHGs – till INR 50 thousand for each member and till 5 lakhs for each group (this is the highest permissible limit)Base Rate


Cold Storage, Rural Go down, and Warehouse
Loan AmountRate of interest
Till 25 lakhsBR and 3%
More than 25 lakhs Depends on risk rating of the borrower


Loans to Micro Finance Institutions (MFIs)
Loan RatingTill INR 50 lakhsMore than INR 50 lakhs
AB-1 (highest rating from external agencies)BR and 2%BR and 2%
AB-5BR and 5%BR and 5.5%
AB-2 (highly rated by external agencies )BR and 2.5%BR and 3%
AB-6BR and 5.5%BR and 6%
AB-3 (rated above average by external agencies)BR and 3.5%BR and 4%
AB-7BR and 7.5%BR and 7.5%
AB-4 (rated average by external agencies)BR and 4.5%BR and 4.5%


Agriculture Advances (Secured) – (Interest rate is determined on the basis of accounts ratings)
Loan RatingAgriculture (exposure exceeding 10 lakhs)Cold storage, rural go down and warehouses (exposure more than 25 lakhs)Poultry (exposure exceeding 25 lakhs)
AB-1BR and 4%BR and 4%BR and 3%
AB-5BR and 6%BR and 5.5%BR and 6%
AB-2BR and 4.5%BR and 4.5%BR and 4%
AB-6BR and 6.5%BR and 6%BR and 6.5%
AB-3BR and 5%BR and 5%BR and 4.5%
AB-7BR and 7%BR and 7%BR and 7%
AB-4BR and 5.5%BR and 5.5%BR and 5.5%


Retail Credit Schemes
SchemeRate
AllBank PropertyBR and 5.5%
Scheme for O/D in SB AccountsBR and 4.5%
AllBank RentBR and 4.5%
AllBank MobikeBR and 3%
Saral LoansBR and 0.5%
Personal Loan for DoctorsBR and 5%
Housing Furnishing LoansBR and 3%
Gyan DipikaBR and 4%
Pensioners’ Personal LoansBR and 3%
KVP/NSC LoansBR and 4%
Reverse MortgageBR and 2%
AllBank IPO/FPO Finance SchemeBR and 3.5%


AllBank Trade
Loan AmountRates for Micro-enterprisesRates for Small EnterprisesRates for other borrowers
Till INR 50 thousandBase RateBR and 0.5%NA
INR 50 thousand – INR 2 lakhBR and 1%BR and 1.5%NA
INR 2 lakh – 10 lakhBR and 1.5%BR and 2%BR and 4% (for any loan lesser than 10 lakh)
More than 10 lakh (rates are decided on the basis of account ratings)AB-1 - BR and 1.5% AB-4 - BR and 3.5% AB-2 - BR and 1.5% AB-5 - BR and 5% AB-3 - BR and 2.5%AB-1 - BR and 2% AB-4 - BR and 3.5% AB-2 - BR and 2.5% AB-5 - BR and 5.5% AB-3 - BR and 3%AB-1 - BR and 3.5% AB-4 - BR and 5% AB-2 - BR and 3.5% AB-5 - BR and 6.5% AB-3 - BR and 4%


Car Loan
ConditionsRates
For salaried individuals and borrowers who have entered into tie-ups and have provided total collateral security/doctors or other medical practitionersBR and 0.5%
For othersBR and 0.5%


Education Loan
Terms and conditionsRates
For IIT, ISB, and IIM students (loan amount should be lesser than 10 lakh)BR and 2.5%
For othersBR and 3%


Gold Loans
Terms and conditionsRates
Loans for agricultural purpose (less than INR 50 thousand)BR and 0.75%
Loans for agricultural purpose (INR 50 thousand and INR 2 lakh)BR and 2%
Loans for agricultural purpose (INR 2 lakh – INR 5 lakh)BR and 3.5%
Loans for other purposesBR and 4%


Short term loans for application money
Terms and conditionRates
Monthly serviced interestBR and 3%
In case 6 months’ interest is paid right at the start and interest of 3 months is paid as margin interest BR and 2.5%


Housing Loans and Housing Loans to NRIs and PIOs

Floating Loans till INR 20 lakh
Term periodsRates
Till 5 yearsBR and 0.25%
5-10 yearsBR and 0.75%
10-15 yearsBR and 1%
15-25 yearsBR and 2%


Floating Loans between INR 20 lakh and INR 50 lakh
Term periodsRates
Till 5 yearsBR and 1%
5-10 yearsBR and 1.5%
10-15 yearsBR and 1.75%
15-25 yearsBR and 2%


Floating Loans more than INR 50 lakh
Term periodsRates
Till 5 yearsBR and 1.5%
5-10 yearsBR and 2%
10-15 yearsBR and 2.25%
15-25 yearsBR and 2.5%


AllBank Commercial Vehicle Finance
Loan AmountsRates for Micro EnterprisesRates for Small Enterprises
Till INR 50 thousandBase RateBR and 0.5%
INR 50 thousand – INR 2 lakhBR and 1%BR and 1.5%
INR 2 lakh – INR 10 lakh BR and 1.5%BR and 2%
More than INR 10 lakh (rates are decided on the basis of account rating)NAAB-1 - BR and 2% AB-5 - BR and 5.5% AB-2 - BR and 2.5% AB-6 - BR and 6.5% AB-3 - BR and 3% AB-7 - BR and 7.5% AB-4 - BR and 3.5%


AllBank Ashiana
Loan AmountRates
Till INR 25 lakhBase Rate
INR 25 lakh – INR 75 lakhBR and 0.25%
INR 75 lakh – INR 200 lakhBR and 0.5%


Allahabad Bank Financials
The financial details of the Allahabad Bank for the 2010-11 fiscal may be mentioned as below:

Aggregate Income12,446.50 crores
Aggregate Expenditure11,032.70 crores
Total consolidated net profit1,701.30 crores
Earnings per Share32.22


Allahabad Bank Contact Details
The contact details of the bank can be enumerated as below:

Allahabad Bank
Head Office
2, N. S. ROAD
Kolkata- 700 001

Telephone Number: (033) 2231 9144
Fax: (033) 2210 7425
E-mail address: gmpd@allahabadbank.in

Last Updated on 4/18/2012

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