Allahabad Bank Reaching The Citizens

By Author: Sanjay joshi
Total Articles: 471
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Allahabad Bank is one the most prestigious and reputed among all banks in the country. Bank began in 1865 in Allahabad, by group of Europeans, is now currently have 2749 branches all over country. At that juncture, India economy started shifting towards organized business and trade affairs. Later the banks shifted to Calcutta on Business grounds and considerations. Allahabad Bank got it status as a nationalized bank in 1969 along with 13 others banks with a deposit of branches in 151 branches at around 119 crores and 82 crores in advance. The bank has served many lives with its best facilities and resources to give comforting and sophisticating effect.

Most trusted bank in today’s time, Allahabad Bank has its hold on minds of people of India. In addition, given the response in country, Bank also opened its first overseas branches in Hong Kong and representatives’ office in Shenchen, China. Bank rolled out its first CBS installed branch in 2006 and since then never looked back and now almost all branches works under CBS. Allahabad Bank has already crossed its mark of 2, 00,000 crores of business. The bank is keen ...
... on serving people more efficiently and consistently, given that many others banks also giving stiff competition to this nationalized bank.

Since its inception, it never looked back and has always kept its focus on providing better financial facilities to customers. Allahabad Bank is keen on reaching out more people and to form a user friendly gateway to make and help people to have ease of access to their facilities and schemes. Bank has shown tremendous and significant growth from the past few decades. However, bank has also gone through several downs since establishment but bounced back quite nicely to prove its mantle.

Allahabad Bank provides various products and services keeping in view the needs for different sections of the society. Their services include Cash Management Services, Depository Services and International Debit cum ATM Card, Government Businesses, National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS) and Charter for MSMEs, Online Payments, Mobile Banking Services, and Account Portability etc. They also provide better interest rates on Deposit schemes, Credit schemes. Loans are provided at affordable and convenient interest rates. Various loans include Personal loans, Education loan, Pensioner’s loan, Home loans, Cars Loans etc. International Banking is been provided to help abroad customers in keeping the things in reach. Remittance facility is also there for abroad customers.

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