Allahabad Bank Netbanking
Technology has made it easier to fulfil the traditional package of banking services , basic and complex across the customer profile.
Although the set of financial functions have not changed, digital banking has indeed made the fulfilment process more efficient and cost effective.
As a case study, let us take a closer look at Allahabad bank net banking services.
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As one of India's oldest banks, Allahabad Bank was established in 1865 and has an operating history of over 150 years. The Bank has come a long way since inception, having evolved from a private bank formed by Europeans living in Allahabad to being nationalised in 1969 and then finally being amalgamated with Indian Bank 2020.
This new entity enjoys the benefits of a larger balance sheet, wider and deeper geographic reach and a comprehensive portfolio of services, both online and offline for retail as well as corporate customers.
Indian Bank has a strong domestic footprint with a branch network comprising 5,809. Besides, the bank also has footprints overseas across three branches, one each in Singapore, Colombo and Jaffna (as on June 30, 2021).
The amalgamated entity ( Indian Bank + Allahabad Bank) provides an exhaustive netbanking services roster which read as:
Financial Services
Non-Financial Services
- Account Related:Account Statement for specified period
- Mini Statement
- Add / Modify Nominee
- Cheque Related Services
- Stop payment of cheque
- Cheque Status Inquiry
- Raise Cheque book request
- Password Related:
- Change/reset Login Password
- Change/reset Transaction Password
Value Added Services
- Standing Instruction
- Instant Beneficiary Addition.
- Account wise TDS Details.
- APY, PMJJBY, PMSBY registration.
- Application for ASBA
- Change User ID as per your convenience.
- Personalised Dashboard for overall view of accounts.
- E-Filing of Income Tax
- E- Interest Certificate
- TDS Certificate
- Submit Form 15-G or 15-H
- Submit Form A2
- Get Form 26 AS.
- Closure of FD/RD/VRD/STD/MMD
- Transaction Lock/Unlock
- Aadhaar Seeding facility
- Tax E-receipt
- Download Form 16A
- Email Statement subscription
It is important to note that the erstwhile customers of Allahabad Bank are not required to re-register for netbanking, implying that their login/user id would remain unchanged.
Since the amalgamation with Indian Bank, the erstwhile customers of Allahabad Bank would now have to access the web portal of Indian Bank.
Let us understand the nuances of the netbanking registration process:
- Firstly, login to the web portal of Indian Bank @ https://www.netbanking.indianbank.in
- Navigate through the home page to 'Register online'.
- You now have to key in your account number, mobile number registered with the bank and also the country code.
- You will now receive an OTP on your registered mobile number which you need to key in.
- Then,the OTP would be verified, upin verification you can key in the remaining details.
- You can now select from the netbanking drop down menu the type of facility you would like to avail.
Let us understand the nuances of the login process:
- To begin with, just login to the official web portal of Indian Bank @ https://www.netbanking.indianbank.in and simply key in your existing Allahabad Bank net banking user ID.
- Press the login key after having entered the captcha value. Once you've entered the details correctly, the system will ask you to enter a login password.
- You can now key in your existing Allahabad Bank’s netbanking Login Password and press the Login tab.
- Upon validating your credentials, the system will provide you the access.
- Always remember to change your login password and transaction password upon your first login as a part of ' best practices to follow with regards to cyber security.
- In case you don't recollect your transaction password, you can navigate through the homepage of the web portal and go to Options - User Profile - Forgot Transaction Password .
- Now to reset the transaction password, just simply enter your mobile number and validate OTP and ATM card details.
- Always remember to reset your Transaction password at the time of login .
- If you face any issues, you can always visit your nearest bank branch or call the helpdesk at toll free number 1800 425 00000.
Frequently Asked Questions (FAQs):
Q. How can I add a beneficiary to my netbanking account?
- To begin with, just simply login to the official web portal of Indian Bank by typing your user id and login password.
- Now navigate through the homepage and press the ‘Fund Transfer’ under the “Accounts” tab.
- Now press the tab, “Add Beneficiary”.
- Depending upon whether your beneficiary's account is with Indian Bank or with some other bank, you can select the 'Add payee’ option accordingly.
- Once you have added the beneficiary, you need to provide his/her details in terms of account number, account name, IFSC code etc. and press the “Add” tab.
- You will now receive an OTP on your registered mobile number.
- You then click on “Confirm New”.
- Finally, you will receive a message on your screen upon successful addition of the beneficiary.
Q. What is the maximum threshold transaction limit?
- In case of retail customers, the maximum daily threshold limit is pegged at ₹10 lac ( including an IMPS transfer of ₹2 lac as a part of this overall daily limit).
- For corporate customers, the daily maximum threshold limit is as per the individual application.
Q. How do I lock/unlock my Indian Bank Online Transaction via mobile phone?
To begin with, download the Indian Bank Mobile Bank app, IndPay, on your mobile phone.
Now login and navigate through the 'value added services' menu and press the tab on Transaction Lock/Unlock option.
Just press ' Lock your transactions option' for net banking and mobile banking. Consequently, your online transaction will be locked. In case you wish to unlock online transactions, then just tap on Unlock your Transactions option.
Invest Right, Invest Now
Open a FREE*
Demat + Trading account and enjoy
Zero commission* on Mutual Funds and IPO
₹20* per order on Equity, F&O, Commodity and Currency
Enter your mobile number to continue
*By signing up you agree to our Terms and Conditions
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- Coal India Option Chain
- Dlf Option Chain
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- Bajaj Finance Option Chain
- Irctc Option Chain
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- Cipla Option Chain
- Ntpc Option Chain
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- Dlf Future Share Price
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- Brokerage Calculator
- Margin Calculator
- Mutual Fund Returns Calculator
- SIP Calculator
- NPV Calculator
- Future Value Calculator
- SWP Calculator
- ELSS Calculator
- Option Value Calculator
- NPS Calculator
- PPF Calculator
- CAGR Calculator
- NSC Calculator
- Sukanya Samriddhi Yojana Calculator
- Compound Interest calculator
- APY Calculator
- Gratuity calculator
- Simple Interest Calculator
- FD Calculator
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- HRA Calculator
- FD Calculator
- GST Calculator
- AXIS FD Calculator
- HDFC FD Calculator
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- Documents required for demat account
- Demat account opening procedure
- Difference between demat account and trading account
Trading Account Guide
- Documents required to open a trading account
- Trading account opening procedure
- Features and benefits of a trading account
Online Trading Guide
- Benefits of online trading
- Difference between online and offline trading
- What is fundamental analysis and how to do it?
Intraday Trading Guide
- What is Intraday Trading?
- Difference between intraday and delivery trading
- Intraday trading tips and tricks
Futures and Options Guide
- What is futures trading?
- Benefits of trading in futures
Mutual Funds Guide
- Benefits of investing in mutual funds
- What is NAV (Net Asset Value)?
- What is ELSS and how to invest in ELSS?
Share Market Guide
- Stock market guide for beginners
- What is NSE and BSE?
- Benefits of equity investment
- How to invest in an IPO?
- What are the advantages of an IPO?
- How does an IPO work?
Stock Broker Guide
- Benefits of trading with discount brokers
- Why discount broking is popular in India
- Differences between traditional brokers and discount brokers
- Stock Market Holidays 2024
- Stock Market Timings
- Stock Market Holidays 2022
- Top Gainers
- Top Losers
- Stocks
- Invest
- Trade
- NSE Cement Stocks
- NSE Automobile Stocks
- NSE Oil and Gas Sector Stocks
- NSE IT Stocks
- NSE Metal Stocks
- NSE Pharma Stocks
- NSE Banking Stocks
- Margin Trading Facility
- Option Strategies
- Share Market Listed Company In India
- Finance Articles
- Upstox Developer API Doc
- Trader API
- Business Trading API
- Gold Rates
- HDFC Net Banking
- SBI Net Banking
- PNB Net Banking
- Indian Bank Netbanking
- Axis Bank Net Banking
- CBI Net Banking
- Bank Of Baroda Netbanking
- SBI Corporate Banking
- Union Bank Net Banking
- Net Banking
- ICICI Corporate Net Banking
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- Bank Of India Netbanking
- Axis Bank Net Banking Login
- RTGS Full Form
- IDBI Bank Net Banking Login
- IMPS Full Form
- Canara Bank Netbanking
- SBI Mini Statement
- Neft Timings
- Cheque Number
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- Allahabad Bank Netbanking
- Bankers Cheque
- Rtgs Timings
- RBI Holidays
- Telegraphic Transfer
- PNB SMS Banking
- Dcb Bank Rtgs Form
Saving Account
- Kotak Net Banking
- Cancelled Cheque
- Kotak 811
- Federal Bank Net Banking
- Demonetisation
- Citibank Net Banking
- Savings Account
- Savings Account Interest Rates
- HDFC Mobile Banking
- SBI Savings Account
- Axis Bank Savings Account
- Axis Bank Salary Account
- Irctc Ewallet
- HDFC Bank Savings Account
- SBI Salary Account
- Union Bank Of India Savings Account
- Axis Mobile Banking
- PNB Savings Account
- Bank Of Baroda Savings Account
- Indusind Bank Saving Account
- Canara Bank Savings Account
- Federal Bank Savings Account
- Citibank Savings Account
- RBL Bank Savings Account
- Bandhan Bank Savings Account
- HDFC Sms Banking
- SBI IMPS
- Indian Bank Sb Account
- PNB Vidyarthi Sf Account
- Central Bank Of India Savings Account
Saving Schemes
- MGNREGA
- UAN Member Portal
- PM Kisan Samman Nidhi Yojana
- NPS
- Digital Seva Portal
- PMJAY
- PMAY
- PMGAY
- Sukanya Samriddhi Yojana
- Atal Pension Yojana
- PPF Interest Rate
- PMMVY
- EPF Claim Status
- Form 15G
- Beti Bachao Beti Padhao
- Gratuity
- PMJJBY
- Senior Citizen Savings Scheme
- PMSBY
- Post Office Saving Schemes
- PRAN
- Kanya Sumangala Yojana
- EPF Balance
- Epf Withdrawal Online
- Kisan Vikas Patra
- GPF
- NSC Interest Rate
- EPF Interest Rate
- Pradhan Mantri Jan Dhan Yojana
- Post Office Monthly Income Scheme
- IPO allotment status
- Flipping
- grey market premium
- FPO
- Ipo Subscription
- SME IPO
- Face Value
- IPO Listing
- DPO
- IPO Calender
- Greenshoe Option
- OFS
- IPO Cycle
- importance of capital budgeting
- Investing in IPOs
- Issue Price
- how to apply for ipo
- Price Band
- Lot Size
- Oversubscription
- Cut off price in IPO
- IPO Price
- Pre IPO
- Launch IPO
- Benefits of IPO
- ipo lock in period
- IPO Requirement
- book building ipo
- direct listing vs ipo
- Fixed Price issue
F&O – Learning
- Derivative
- Options Trading
- Index Futures
- Options Trading Strategies
- futures and options
- Call Option
- Collateralized Debt Obligations
- Forward Contract
- Futures Trading
- Commodity Futures
- Strike Price
- LTP
- Over The Counter
- Derivative Trading
- Short Covering
- Equity Derivatives
- Underlying Asset
- Spot Price
- Option Premium
- Hedging Strategy
- Call Writing
- Exchange Traded Derivatives
- Protective Put
- Cash Secured Puts
- Options Trader
- Commodity Options
- Hedging with Futures
- Put Writing
- Bermuda Options
- Diagonal Spread
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*Brokerage will not exceed the SEBI prescribed limit.
Risk disclosures on derivatives -
- 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
- On an average, loss makers registered net trading loss close to ₹ 50,000
- Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
- Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like: a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details. b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses. c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks d) Dealing in unsolicited tips through like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc. e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.
Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client's assets : Advisory Guidelines For Investors
Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation
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