Allahabad Bank Account Number

Allahabad Bank has always focused on fulfilling its customer needs by providing effective banking and financial solutions. The bank provides a wide range of products to its customers ranging from retail banking and corporate banking to loans & mortgages. For each account, the account holder gets an Allahabad Bank account number that can be used to check account balance or use Allahabad Bank mobile banking.

Allahabad Bank offers transactional facilities for all these products through electronic mode as well and provides the latest banking facilities like:

• NEFT
• RTGS
• IMPS
• ECS
• UPI

To carry all the above stated electronic transactions it is very important for the customer to have an Allahabad Bank account number as per the format prescribed by the RBI. Previously all banks had their own method of issuing bank accounts numbers to its customers but with a new-age electronic fund transfer system, the transactions take place in real-time due to which there is very little time or no time for stopping or rectifying a wrong credit entry. So, in order to minimize the risk and bring uniformity in the bank account numbers, the Reserve Bank of India has notified all banks to switch to the new format of account numbers.

Traditionally, Allahabad bank too issued short account numbers to its customers. Now owing to the constant technological advancements and to keep itself at par with other leading banks, it has adopted the new account number format. Allahabad Bank account number consists of 11 digits. The old bank account numbers are switched to a new pattern in order to carry out the electronic transactions quickly and correctly. With large volumes of transactions taking place every day across banks, it is very important to maintain the accuracy of transactions and the new long format account number helps in mitigating the risk associated with credit going to the wrong account.

We all know that in banks the account numbers are different for different types of accounts held by the customer. For example, the account number for savings account will be different from that for the loan account. Having different account numbers is important as it eases the transaction of crediting the amount in the specific account. For instance, if a customer wishes to pay the EMI of housing loan then just by mentioning the loan account number, the amount of EMI will be credited into his loan account. Thus, account numbers are a very important part of banking transaction as they are the link between the customer and the bank. Allahabad Bank account numbers are required at every step in carrying out any banking transaction.