Allahabad Bank is oldest nationalized Bank with rich experience in extending various
banking solutions to our valued clients since 1865. Our consistent track record
of growth with profit provides the confidence of meeting all your Banking requirements.
- Indian Residents working
abroad on assignment with Foreign Governments, Government agencies or in UNO and
its affiliates IMF, IBRD etc and Government officials and other officials of PSU's
deputed abroad or assignments or posted abroad to their own offices including Diplomatic
- A person of Indian Origin
who is a citizen of any other country other than Bangladesh or Pakistan if,
- He/She at any point of time, held an Indian Passport
- He/She or either of his/her parents or any of his/her grand parents was a citizen
of India by virtue of Constitution of India or Citizenship act 1955 (57 of 1955)
- The persons are a spouse of an Indian Citizen or a person referred to in sub clause
b (i) or (ii) above.
- Students going abroad
for studies are treated as Non Resident Indians provided their stay abroad is for
more than 182 days in the preceding financial year and their intention to stay outside
India for an uncertain period when they go abroad for studies.
- The bank provides need-based
export finance both at pre-shipment and post shipment, to the exporters at competitive
rates of interest.
- Export finance in foreign
currency is also being provided to large corporate clients.
- For this purpose there
are 53 authorized branches spread all over India which are manned with trained personnel
as also equipped with the latest communication tools like Fax/ ISD/ SWIFT etc.
- In addition, there is
one centralized fully computerized Dealing Room at Mumbai which provide competitive
exchange rates to the exporters.
- We have a vast network
of correspondents all over the world and maintain foreign currency (Nostro) accounts
in 9 currenciesviz. USD, GBP, EURO, JPY, SGD, CAD, AUD, HKD and CHF with prime banks
in various time zones like New York, London, Frankfurt, Tokyo, Singapore etc.
- Bank also provides non-fund
based services for imports by way of opening of import Letters of Credit, guarantees
- We also have Lines of
Credit (Buyers' Credit/Suppliers' Credit) with reputed International Financial Institutions.
- Bank has one overseas
Branch at Hong Kong. Bank has also arrangements with correspondents at various important
overseas locations, which will ensure extending to all our NRI customers rich banking
- The detail of Hong Kong
branch is as below.
1908-09, Tower One, Lippo Centre 89, Queensway, Admirality, Hongkong