Allahabad Bank’s IT initiative

Allahabad Bank has been continuously focusing on technology upgradation with a customer centric approach as ever before. With this view, the Bank has recently tied up with the Indian Institute of technology (IIT), New Delhi who will offer their best expertise consultancy services to the Bank in putting the right kind of technology in place to benefit the Bank’s customers.

Technology has always been one of the key thrust areas for the Bank. Allahabad Bank has already marked a significant progress on the technological front. During the past few years the Bank has undertaken a slew of IT initiatives including Branch computerisation besides computerisation of all the controlling offices. The Bank has already computerised its 1000 Branches & Offices and installed 80 ATMs throughout the country, while installation of 20 more ATMs are underway. All these 100 ATMs will be connected through an ATM Switch shortly, to provide the customers the 24 x 365 kind of cash withdrawal facility from any ATM across the country.

The Bank has also set up its Corporate Intranet to which 208 branches and 50 Administrative Offices are connected. A Wide Area Network connecting important branches in 66 locations spread in 9 cities has been established through Leased Line. To expand the banking facilities on network to wider spectrum of customers, the Wide Area Network will be extended to 400 more branches within a year.

With a view to providing multi delivery channels viz. Any Branch Banking (ABB). ATM, Tele Banking, Internet Banking, Kiosk Banking etc. to become more customer centric and also to simultaneously strengthen the internal control / MIS, the Bank has decided to connect 400 of its branches through Core Banking Solution within a period of two years. This will enable the Customers to operate their accounts from any of the linked Branches.

Now, with the help of the expertise services available from the IIT New Delhi the Bank is confident to move further forward to put the best kind of technology on offer to the customers of 21st century.