Allahabad Bank IFSC Code Kothapet Branch, MICR code, Address

IFSC Code of Allahabad Bank KOTHAPET, MICR Code of Allahabad Bank KOTHAPET

Get IFSC Code and MICR code of Allahabad Bank, Kothapet, Andhra Pradesh branch in KOTHAPETA city along with the address

Bank	Allahabad Bank
IFSC Code	ALLA0212741 (for money transfer by NEFT, RTGS and IMPS)
MICR Code	500010019
Address	ALLAHABAD BANK, SAIRAM AVENUE, 2-4-1049, PLOT NO 35, NEW NAGOLE, KOTHAPET ROAD, EAST GODAVRI-500035 AP
Branch	KOTHAPET
City	KOTHAPETA
District	East Godavari
State	Andhra Pradesh

Personal Loan
@ 10.99%*

Home Loan
@ 8.35%*

Gold Loan
@ 9.50%*

Business Loan
@ 13.50%*

Loan Against Property
@ 8.50%*

Car Loan
@ 9.25%*

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Allahabad Bank Interest Rates in KOTHAPET, East Godavari

	Interest Rates*
Allahabad Bank MCLR Base Rate	8.00% - 8.75%	Past Trend
Allahabad Bank Loan Against Property	14.10% - 14.10% Floating	Get Details
Allahabad Bank Personal Loan	13.10% - 13.10%	Get Details
Allahabad Bank Business Loan	11.10% - 15.55%	Get Details
Allahabad Bank FD Interest Rate	4.00% - 6.75%	Get Details

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Other Allahabad Bank Branches in East Godavari

Kothapet Ifsc Code

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

Allahabad Bank News - Jul 2017

2017-07-26 : HDFC Bank net profit increases by 20 per cent at Rs. 3,893 crore
Private sector lender, HDFC Bank has reported a significant increase in its net profit at Rs. 3,893 crore during the current quarter as against Rs. 3,239 during the corresponding quarter of the previous fiscal year. Strong improvement in net profit is backed by a strong growth in revenue and a reduction in its cost to income ratio.
2017-07-26 : Union Bank of India plans to raise Rs. 3,500 crore capital
Union Bank of India (UBI) is looking for an opportunity to raise capital of Rs. 3,500 crore during the current FY18 by seeking government’s support and Qualified Institutional Placement (QIPs). The newly raise fund will be deployed by the bank to support its credit growth targets and provisioning requirements.
2017-07-26 : Indian Overseas Bank initiates turnaround plan
Public sector lender, Indian Overseas Bank (IOB) is in the process of preparing a turnaround plan. The Finance Ministry has informed that along with IOB, several public lenders including Allahabad Bank, Bank of India, Central Bank of India, Andhra Bank, Union Bank of India, UCO Bank and Dena Bank have also submitted their turnaround plan to them. With this move, the bank targets to improve its operating profit and lending portfolio.
2017-07-26 : Tax base moves up to 6.26 crore in 2016-17
Central Board of Direct Taxes (CBDT) has revealed that income taxpayer base in India has substantially rose to 6.26 crore at the end of the last fiscal year as compared to nearly 4 crore during the corresponding quarter of the previous fiscal year. Post demonetisation, the Income Tax department has taken a host of measures to increase tax base and the statement of financial transaction (SFT) report filed by banks showing widening of taxpayer base.
2017-07-26 : ICRA sees 25 bps cut in repo rate at next month’s policy review
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may reduce the repo rate by 25 basis points (bps) at its upcoming policy review in August 2017, according to credit rating agency ICRA. It added that there is a low likelihood of further rate cuts in the second half of FY2018 due to lower targets of CPI inflation in India. In addition, the RBI is likely to indicate that additional open market operations would be conducted to absorb the prolonged liquidity surplus through various instruments.

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