On the off chance that your ledger is in the recent Allahabad Bank, this news is significant for you. Since after the consolidation of Allahabad Bank with Indian Bank, Allahabad Bank's MICR code and checkbook will be shut from 1 October 2021. Indian Bank has given this data by tweeting. After October 1, on the off chance that somebody utilizes the old checkbook, the cash won't be moved. Allow us to disclose to you that from April 1, 2020, Allahabad Bank has been converged with Indian Bank.
Appreciate smooth financial exchanges with no unsettling influences, Indian Bank said in a tweet on the authority Twitter handle. MICR code and checkbooks of recent Allahabad Bank will be shut from 01.10.2021. Get another check book from your closest branch or apply through Internet Banking/Mobile Banking.
What is MICR code?
MICR code represents Magnetic Ink Character Recognition. As you can comprehend from its name. The MICR code is imprinted on the check with attractive ink. It is essentially utilized as a security scanner tag to ensure exchanges.
New IFSC Code has been given
Kindly tell that the IFSC code of Allahabad Bank has changed from July 1, 2021, clients should refresh the new IFSC code to proceed with the exchange. You can either request the data for the new IFSC code by visiting your home branch or you can discover the code by visiting this connection www.indianbank.in/blend.
Benefit up 220% in June quarter
Government bank Indian Bank has made huge benefit in the June quarter. The benefit of the bank has expanded by 220% to 1,182 crore. A year prior, in a similar quarter of 2019-20, the bank had a net benefit of Rs 369 crore. Indian Bank's absolute pay expanded to Rs 11,500.20 crore in the principal quarter of the current monetary year from Rs 11,446.71 crore in the comparing quarter of 2019-20 every year prior.
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