Greetings, Sanctuaryvf Friend! Do you need to know the IFSC code for Balrampur branch of Allahabad Bank? You’ve come to the right place. Our article contains all the information you need to know about the Allabahad Bank IFSC code for Balrampur. Stay tuned and read on!
Introduction
Allahabad Bank is one of the oldest banks in India, founded in 1865. It has over 3,000 branches in India, with several branches located in rural areas. Balrampur is a small town in Uttar Pradesh, India, and is one of the locations where Allahabad Bank has a branch. In this article, we’ll provide you with information about the Allahabad Bank IFSC code for Balrampur, and everything you need to know about it.
What is Allahabad Bank IFSC code?
The Indian Financial System Code (IFSC) is a unique code assigned to banks in India by the Reserve Bank of India (RBI). Each bank has its own IFSC code which is used for electronic fund transfer between banks in India. The Allahabad Bank IFSC code for Balrampur is ALLA0210709. This code is used for all electronic fund transfers made to and from the Balrampur branch of Allahabad Bank.
How to Find Allahabad Bank IFSC code?
The easiest way to find the Allahabad Bank IFSC code for Balrampur is to visit the official website of Allahabad Bank or the RBI website. You can also find the IFSC code on your bank’s cheque book or passbook.
Strengths of Allahabad Bank IFSC Code Balrampur
Reliable and Fast
The Allahabad Bank IFSC code is reliable and fast. All electronic fund transfers made to and from the Balrampur branch of Allahabad Bank are processed quickly and efficiently.
Secure
The Allahabad Bank IFSC code is a secure way to transfer funds electronically. The code ensures that the funds are transferred to the correct account and that the transaction is safe and secure.
Easy to Use
The Allahabad Bank IFSC code for Balrampur is easy to use. You can use it to transfer funds electronically from the comfort of your home or office. You don’t need to visit the bank or fill out any forms to transfer the funds.
Cost-Effective
The Allahabad Bank IFSC code for Balrampur is cost-effective. Electronic fund transfers made using the IFSC code are cheaper than other modes of fund transfer like cheques and demand drafts.
Convenient
The Allahabad Bank IFSC code is convenient. You can transfer funds electronically using the IFSC code at any time of the day or night. You don’t need to wait for the bank’s working hours to transfer the funds
Easy Tracking of Transactions
The Allahabad Bank IFSC code for Balrampur allows easy tracking of transactions. You can use the code to track the status of your electronic fund transfer online or through your bank’s mobile app.
Wide Network
Allahabad Bank has a wide network of branches in India, which makes it easy to transfer funds to any part of the country using the IFSC code.
Weaknesses of Allahabad Bank IFSC Code Balrampur
Technical Issues
Technical issues like server downtime or network issues can sometimes cause delays or failure in electronic fund transfer using the IFSC code. This can be inconvenient for users.
Incorrect Information
If the user enters incorrect account details like the account number or IFSC code, the funds may be transferred to the wrong account. This can cause serious problems and inconvenience for the user.
Dependency on Technology
The Allahabad Bank IFSC code for Balrampur depends on technology. Any failure or technical glitch in the system can disrupt electronic fund transfer using the IFSC code.
Transaction Limits
There are certain transaction limits imposed on electronic fund transfer using the IFSC code. This can be problematic for users who need to transfer large amounts of money.
Security Risks
Electronic fund transfer using the IFSC code involves security risks like hacking or fraud. Users should be careful while using the IFSC code and follow security protocols like using strong passwords and not sharing their account details with anyone.
Unstable Internet Connection
Transfer of funds using the IFSC code requires a stable internet connection. In case of an unstable internet connection, the transaction may be delayed or cancelled, causing inconvenience to the user.
Delay in Processing Time
In some cases, electronic fund transfer using the IFSC code may take longer than usual to process, causing inconvenience to the user.
Bank Name |
Allahabad Bank Balrampur Branch IFSC Code |
MICR Code |
Branch Address |
|---|---|---|---|
Allahabad Bank |
ALLA0210709 |
271010102 |
Main Road, Near Hotel Sunshine Palace Hotel, Balrampur, 271201 |
FAQs on Allahabad Bank IFSC Code Balrampur
1. What is the use of an IFSC code?
The IFSC code is used for electronic fund transfer between banks in India. It ensures that the funds are transferred to the correct account and that the transaction is safe and secure.
2. Can I use the IFSC code for international fund transfer?
No, the IFSC code is only used for fund transfer within India. For international fund transfer, you’ll need to use SWIFT code.
3. How many characters are there in the IFSC code?
The IFSC code consists of 11 characters.
4. What is the format of IFSC code?
The IFSC code is in the format of alphabets and numbers. The first four characters of the code represents the bank name, and the last six characters represent the branch.
5. What is the cost of using IFSC code for fund transfer?
Electronic fund transfers made using the IFSC code are cheaper than other modes of fund transfer like cheques and demand drafts.
6. How long does it take for an electronic fund transfer using IFSC code to be processed?
Typically, an electronic fund transfer using the IFSC code is processed within a few minutes. In some cases, it may take longer than usual to process.
7. Can the IFSC code be changed?
The IFSC code of a bank can be changed if the bank changes its name or merges with another bank. In such cases, the RBI issues a new IFSC code for the bank.
Conclusion
In conclusion, the Allahabad Bank IFSC code for Balrampur is a reliable and fast way to transfer funds electronically. It is secure, easy to use, cost-effective, and convenient. However, there are some weaknesses like technical issues, dependency on technology, and transaction limits that users should be aware of. We hope this article has provided you with all the information you need about the Allahabad Bank IFSC code for Balrampur.
If you have any questions or need further information, feel free to contact your nearest Allahabad Bank branch or visit the official Allahabad Bank website.
Disclaimer
The information contained in this article is for general information purposes only. We do not claim to be affiliated with Allahabad Bank or any other bank mentioned in this article. The information is provided by us and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the article or the information, products, services, or related graphics contained in the article for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
