Allahabad Bank India

Allahabad Bank of India was established in 1865. Its present head office is situated in Kolkata. The Allahabad Bank was nationalized in 1969 as enjoys the status of the oldest public sector Bank of India. The history of Allahabad Bank shows its presence in India witnessing the nineteenth, twentieth and the twenty-first centuries.

The oldest branch of Allahabad Bank Ltd. is in Allahabad where the Bank started. Since then the Bank has expanded its reach to Kolkata, Kanpur, Lucknow, Nainital, Jabalpur, Meerut, Nagpur, Mumbai, New Delhi, Bangalore, Chennai, Noida and Pune besides other cities across India.

The services at Allahabad Bank are highly professional and organized in its setting. Top chartered accountancy firms conduct regular audit to ensure the quality of the professional organization in Allahabad Bank.

Being a public sector bank, the jobs at Allahabad Bank are much sought after. The job recruitment in Allahabad Bank is done on the basis of an exam conducted on the national level. The application form for the recruitment project 2007 for clerical and probationary officer (PO) is available online on the official website of Allahabad Bank. The results of the exams for the recruitment procedure are also displayed on the site.

Besides the vacancies, info about the share price, shareholding and tender notices are also displayed online. A branch and ATM locator is available on Allahabad Bank.com that can give you the exact location of your nearest Allahabad Bank ATM's or branches. You can also avail an EMI calculator or get information on the interest rates or service charges.

The banking products and services offered at Allahabad Bank India include:

DEPOSIT PRODUCTS

• Flexi-Fix Deposits: Initial deposit amount of Rs.10, 000 along with flexibility to deposit or withdraw unit in multiples of 1000 anytime.

• Allahabad Gold Deposit: The deposits can be in the form gold, certificates, or passbook. The redemption is done on the principal amount of gold deposited as standard gold bars or in INR as the depositor demands. This facility is available in select branches.

• Rs. 5 Banking: This is a no-frills savings account that can be started with a minimum balance of Rs.5.

• Diamond Jubilee Deposit Schemes: To commemorate the diamond jubilee of India's independence, Allahabad Bank offers a deposit scheme with an initial deposit of Rs.15, 000 for a fixed period of 550 days at 9.25% interest and an additional interest of 0.50% for senior citizens.

• Usual Services: These include the normal savings account, pension accounts, individual and joint accounts, corporate accounts and current account services.

CREDIT PRODUCTS:

• Housing Loan: Loans for buying constructed home, land or renovation or construction on land for residential purposes is sanctioned to the people capable of repaying the loan along with interest within the predetermined period of repayment.

• Education Loan: Educational loan for studies in India of upto Rs. 7.50 lakhs and for studies abroad of upto Rs. 15 lakhs is available at lower and simple interest rate with a repayment period of a maximum of 7 years.

• Car Loan: Car loans are available for new and used cars buying at a repayment period of a maximum of 84 months for new and 60 months for used car upto twice the gross annual income of the individual seeking the loan.

• Personal Loan: Loans for various purposes with specialized schemes and competitive interest rates are available with Allahabad Bank with easy repayment options.

• Loan Against Property and Other Securities: Loan is available on the security of your property, bonds, shares, deposits and other securities without having to opt for liquidity your assets.

• Overdraft: Overdraft facility is available to employees of all Allahabad Bank of India clients including corporates, institutions and other organizations.

• Kissan Credit Options: Special finance is available to the rural population mainly comprising of farmers for farm equipments and other tools and investments also special Kissan credit cards are accessible to the farmers.

• Cards: Special credit cards and ATM cum Debit Card are available to all Allahabad Bank customers giving you easy access to your bank account.

OTHER SERVICES

• Insurance (Bima Yojana)

• Cash Management Services

• Visa ATM cum Debit Card

• Real Time Gross Settlement

• Bank Assurance

• Mutual Fund

• SSI Finance

• Gold Card

• SME Finance

International Banking facility is also available at Allahabad Bank. NRI accounts for deposits and savings along with investment services are available. Special authorized Foreign Exchange branches are also setup. There are special foreign currency accounts for the NRI's along with certain tax benefits. Allahabad Bank also offers finance for export trade.

CONTACT DETAILS:

Head Office:
Allahabad Bank,
2 N.S. Road,
Kolkata - 700001
West Bengal, India
Phone: 91-33-22319144
Fax: 91-33-22107425
Email: gmpd@cal.allahabadbank.co.in