Allahabad Bank: IFSC code Updated : May 30, 2018, 02.41 PM IST
The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code is used by electronic payment system applications such as RTGS, and NEFT. It is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same.
In Allahabad Bank's 11-digit
IFSC code, the first four letters will be 'ALLA', and the last 6 digits will represent a specific branch code. For example, the
IFSC code of the
Allahabad Bank branch on Rajlok, 24 Nehru Place, New Delhi 110019, is ALLA0210615. Here, 210615 is the branch code.
According to the bank's annual report for the financial year 2016-17, the bank had a total of 1,214 ATMs as on March 31, 2017 and 3,246 branches.
Besides, if the government goes for another consolidation like Bank of Baroda, the three-way merger would also require additional capital, the sources said.
