Allahabad Bank

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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


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 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

Allahabad Bank Loan

Allahabad Bank offers loans of various types to meet the requirements of the individuals. It offers loans to self employed persons, business men, salaried employees and professionals. The diverse range of Allahabad Bank loans that are offered to the individuals includes:

  • Housing Loan
  • Education Loan
  • Car Loan
  • Saral Loan
  • Personal Loans for Pensioners
  • Personal Loans for Doctors
  • Loan against NSC/KVP
  • Allbank Rent Loan
  • Allbank Property Scheme
  • Allbank Furnishing Loan
  • Gold Loan Scheme
  • All Bank Mobike Scheme
  • AllBank Abhushan Scheme
  • Allbank Trade Scheme
  • AllBank Gyan Dipika Scheme
  • AllBank Reverse Mortgage Scheme

Allahabad Bank Car Laons

The car loans by the Allahabad Bank are given for the purchase of the new vehicle, which are to be for personal use only. It also offers loans for the purchase of pre- owned vehicle, which is not more than 3 years old.

To get the benefit of the loan, the person should be a salaried person, with the gross income of ` 10,000 p.m. Agriculturalists and professional self employed and business men are also eligible to get loans from Allahabad Bank. It must be kept in mind that the car loan should be fully repaid before the individual turns 70 years of age.

The car loan amount that is offered to the individual does not exceed 2 times of the Net Annual Income or Net Annual Salary.

Allahabad Bank Home Loans

Allahabad Bank offer home loans for the construction of the residential house on the already owned land. It also offers loans for other purposes like purchase of plot by salaried people, purchase of flat or house, renovation of residential house and other purposes.
Home loans are offered to permanent salaried people, businessmen, self employed persons and individuals with regular income who can liquidate loans. Allahabad Bank offers term loans to the loan seekers.
For the salaried persons the loan amount is restricted to 60 times of the monthly gross salary. For other individuals, the loan amount is limited to 4 times of the gross income.

Allahabad Bank Education Loans

The educational loans are offered by the Allahabad Bank to the Indian students only. The students should seek admission to educational courses through entrance test selection process. The bank offers loans for various courses like graduation and post graduation courses, professional courses, computer certificate courses, courses conducted by IIM, IIT etc. Allahabad Bank offers loans for studies abroad as well.
For the students studying in India, the maximum loan amount offered is ` 10 lacs and for studying abroad the maximum loan amount increases to ` 20 lacs.

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%

Allahabad Bank Personal Loans

Personal loans are offered to all the pensioners drawing pensions from Allahabad Bank. The personal loans are given to the pensioners who have not exceeded 70 years of age. This kind of loan can be availed without assigning any definite purpose. The maximum loan amount of ` 75,000 and minimum of ` 15,000 are offered to the individuals
Personal loans are also provided to the doctors and medical practitioners by the Allahabad Bank. The loans are offered for the expenses of professional requirement. Annual income or ` 5 lacs, whichever is less are offered as the loan amount.
Allahabad Bank Loans are offered to the Non Resident Indians as well. NRIs are offered housing loans and education loans by this bank.

Car Loan

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%

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 conditionsRates
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 to NRIs and PIOs

Floating Loans

Term periodsRates till INR 20 lakhRates between INR 20 lakh and INR 50 lakh Rates more than INR 50 lakh
Till 5 yearsBR and 0.25% BR and 1% BR and 1.5%
5-10 yearsBR and 0.75%BR and 1.5% BR and 2%
10-15 yearsBR and 1%BR and 1.75% BR and 2.25%
15-25 yearsBR and 2%BR and 2% BR and 2.5%

All Bank Commercial Vehicle Finance Laon

Loan AmountsRates for Micro EnterprisesRates for Small Enterprises
Till INR 50 thousandBase RateBR and 0.5%
INR 50 thousand – INR 2 lakh BR 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%

Allahabad Bank 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 years 9
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 years 2.3 3.3 3.11 6.2 2.55
2-3 years 1.81 2.94 2.63 4.95 2.21
3-4 years 1.92 3.06 2.72 5.01 2.32
4-5 years 2.13 3.17 2.83 5.24 2.5
5 years 2.36 3.28 2.95 5.34 2.75 years

Allahabad Bank Credit Schemes

Micro, Small & Medium Enterprises (MSME) Advances (Secured)

Loan AmountRate for Micro EnterprisesRate for Small Enterprises Rate for Medium Enterprises
Till INR 50 thousand Base rate (BR) BR and 0.5% BR and 1%
INR 50 thousand – 2 lakhs BR 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 and3.5% 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%

Allahabad Bank Retail Credit Schemes

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%

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

Allahabad Bank 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 Address And Contact Details

Allahabad Bank
Head Office
2, N. S. ROAD
Kolkata- 700 001
Telephone Number: (033) 2231 9144
Fax: (033) 2210 7425
E-mail address: [email protected]
Web Address:

Last Updated on 4/17/2015