Allahabad Bank IFSC Code
Allahabad Bank, like every other bank in India, makes use of IFSC code to route the right amount of money to the right account. IFSC code is an 11-character, alphanumeric code that is unique for each branch of each bank. The first four characters of the IFSC code are usually alphabets and denotes the name of the bank. The fifth character is “0” and is reserved for future use. The last six characters are usually numeric, denoting the bank branch. For example, the IFSC code for Allahabad Bank branches is ALLA0xxxxxx where “ALLA” denotes the bank name, followed by a ‘0’ which is the digit reserved for future use. The last six characters refer to the bank branch. The IFSC code ensures that there is no confusion or errors when one transfers funds. It also saves time and makes processing faster.
Where to get IFSC codes?
It is very easy to get IFSC code. You can get it in few clicks on loanbaba.com through its IFSC code locator tool. You will have to select the name of the bank, state and branch; it will give you the IFSC code along with the full address of the branch. You can get the entire list of IFSC code on RBI’s website for each bank. You can also find it on the bank’s website.
About Allahabad Bank
Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment. It was founded in Allahabad in 1865.