The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India.

Allahabad Bank is oldest nationalised Bank with rich experience in extending various banking solutions to its valued clients since 1865. Their consistent track record of growth with profit provides the confidence of meeting all your Banking requirements.

In 1991 the bank commenced its wholly-owned subsidiary AllBank Finance for merchant banking. In June 2006 the bank opened its first representative office at Shenzen, China and same year it rolled out first branch under CBS.

Currently the bank serves customers across 110 cities with a network 6 zonal offices, 2227 branches (including one in Hong Kong) and 221 ATMs.

Allahabad Bank is well spread out in India and recently opened first International Branch at Hong Kong. Bank has also arrangements with correspondents at various important overseas locations, which will ensure extending to its all NRI customers rich banking experience.

Products and services offered by the company:

Products

Deposit Products

• Flexi-fix Deposit
• Rs.5 Banking
• All Bank Tax Benefit Term Deposit Scheme
• All Bank Premium SB Account
• All Bank Mahila Sanchay Account
• All Bank Vikash SB Account
• All Bank Premium Current Account
• Current Plus Deposit Scheme
• Sishu Mangal Deposit Scheme

Retail Credit Products

• All Bank Housing Finance Scheme
• All Bank Educational Loan Scheme
• All Bank Car Finance Scheme
• All Bank Saral Loan Scheme
• Personal Loan Scheme for Pensioners
• Personal Loan Scheme for Doctors/ Medical Practitioners
• Loan against NSC/ KVP
• All Bank Property Loan
• All Bank Furnishing Loan
• All Bank Gold Loan Scheme
• All Bank Mobike Scheme
• Overdraft Facility in Savings Bank Account
• All Bank Abhusan Scheme
• All Bank Trade Scheme
• AllBank Gyan Dipika Scheme
• Allabnk Reverse Mortgage Scheme

Other Credit Products

• Kisan Credit Card
• Kisan Shakti Yojana
• AllBank-Expo

Services:

• All Ayushman Bima Yojana 
• Cash Management Services 
• Depository Services 
• Visa Debit Cum ATM Card 
• Real Time Gross Settlement (RTGS) 
• National Electronic Funds Transfer (NEFT) 
• Gold Card Scheme for Exporters 
• Charter for MSMEs 
• Government Business 
• Regional MSME Care Centres

Milestones:

Nineteenth Century

• April 24, 1865 - The Bank was founded at the confluence city of Allahabad by a group of Europeans.

Twentieth Century

• 1920's - The Bank became a part of P & O Banking Corporation's group with a bid price of Rs.436 per share
• 1923 -The Head Office of the Bank shifted to Calcutta on Business considerations.
• July 19, 1969 Nationalized along with 13 other banks, Branches - 151 Deposits - Rs.119 crores, Advances - Rs.82 crores.
• October, 1989 - United Industrial Bank Ltd. merged with Allahabad Bank.
• 1991 - Instituted AllBank Finance Ltd., a wholly owned subsidiary for Merchant Banking.

Twenty-First Century

• 2002 -  The Bank came out with Initial Public Offer (IPO), of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16%.
• 2005 - Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%.
• 2006 -  The Bank Transcended beyond the National Boundary, opening Representative Office at Shenzen, China.
• 2006 -  Rolled out first Branch under CBS.
• 2007 - The Bank opened its first overseas branch at Hong Kong.
• 2007 - Bank's business crossed Rs.1,00,000 crores mark.
• 2008 - Bank announces special package for housing loan & MSME borrowers.
• 2008 - Bank crosses Rs.125000 crore business.
• 2008 - Allahabad Bank Launches Debt Waiver Scheme.
• 2009 - The bank launches savings bank deposit mobilisation campaign.
• 2009 - The bank launches retail selling of Gold Coins.
• 2009 - Allahabad Bank ties up with UAE Exchange & Financial Services.
• 2009 - Allahabad Bank signed an MOU with Maruti Suzuki for entering into a strategic partnership for promotion of Car financing.
• 2010 - Allahabad Bank business crosses Rs 1,96,800 crore.
• 2011 - Allahabad Bank begun enrollment for Aadhaar, the brand name of the Unique Identification number (UID).
• 2011 - The bank allotted 2.95 crore shares of Rs 10 each at a premium of Rs. 217 to the Government of India (GoI) on a preferential basis in return for Rs 670.00 crore fund infusion.
• 2011 - Bank has implemented CBS in all its Branches 
• 2012 - Bank crosses its net work of 2500 branches. 
• 2013 - Bank crosses bench mark business figure Rs.3,00,000 crore and enters in “Orbit of Large Banks”
• 2014- Bank celebrates 150 years of foundation.
• 2017- Allahabad Bank merges with All Bank Finance