Allahabad Bank

Allahabad bank is one of the most popular public sector banks of India. It started operation in 1895. The head quarters of Allahabad bank is situated in Kolkata. Across the country, this bank has 2278 branches. Shri J P Dua is the managing director and chairman of this bank. There is a branch in Hong Kong and it has representative office in Shenzen. The EBanksWorks team of TCS controls all the internet banking of this bank.This bank has very effective netbanking system. It is very easy to open a savings account in Allahabad bank. According to the law it is important to submit some documents in order to open a savings account in Allahabad Bank. These documents are –

a. PAN Card

b. Driver Permit

c. ID card issued by the real employer

d. Voter ID Sheet

e. Government Card

f. Passport (Recent)

These documents are considered as the photo id proof. But in order to proof the address an applicant must submit the documents of following documents.

a. Electricity billing invoice

b. Telephone Bill

c. Letter from any acknowledged public authority

d. Letter from a reputed employer

e. Income Tax

f. Ration Sheet

g. Salary Sheet with address of the client recorded on the slip

h. Bank Account Statement

Finally applicant needs to proof the date of birth. As a minor citizen one can submit the birth certificate issued by Gram Panchayat, Municipal Corporation. But for senior citizen anyone of it just enough.It is the oldest trade bank of India. It has been banking since three centeruies. This bank provides the National Electronic Fund Transfer facility. This service can be availed by the customrs who maintain their operative accounts such as Savings account, current account etc.

Now you may want to know the current rate of interest scheme provided by this bank and here is the exact chart for you-

For below Rs. 1 cr and above.

Rs. 1cr and above

For Rs.1 cr

For below

For Rs.1 cr

7 days to 14 days

2.50

2.50

2.50

2.50

15 days to 29 days

2.75

2.75

4.00

2.75

30 days to 45 days

3.50

3.00

4.00

3.00

46 days to 60 days

4.00

4.00

5.00

4.00

61 days to 90 days

4.00

4.00

5.00

4.00

91 days to 179 days

5.50

5.75

6.00

5.75

180 days to 269 days

5.50

6.25

7.00

6.25

270 days to 364 days

6.00

6.50

7.50*

6.50

1 year to less than 2 years

7.25

7.25

8.00**

7.25

2 years to less than 3 years

7.00

6.00

8.25

6.00

3 years to less than 5 years

7.00

6.00

8.25

6.00

5 years and upto 10 years

7.25

6.00

8.25

6.00

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