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Allahabad bank is one of the oldest public sector banks in India and dates back to the pre-independence era. The bank had more than 3200 branches across the country and was recently merged with another public sector bank the Indian Bank. It has a huge customer base and an extensive network of branches that work efficiently and seamlessly to provide banking solutions to its customers across the country.
The bank has grown from being a modest and traditional bank to a contemporary bank with modern banking facilities and branches equipped to handle large volumes of transactions. Allahabad Bank also provides the facility of digital banking to its customers along with many other products and services to ensure that customers get the facility of anywhere anytime banking that has become the norm of today.
Digital Banking was the next step in the technological advancement of the banking sector. It is also in line with the vision of the Government of India to push for a digital economy so it will eventually become the primary mode of making or receiving payments and gradually help customers move towards a cashless economy. Banks all across the country have participated to fulfill this vision and have progressed to this next natural step of development in the banking scenario.
Digital payments can be through any of the following forms or platforms,
Allahabad Bank also has a UPI Platform using which its customers can receive and make payments to partner banks, partner merchants, or even to other individuals who have a UPI Id themselves.
Following are the details of the UPI feature or payments service offered by Allahabad Bank.
About Allahabad Bank UPI
UPI is the Unified Payments Interface which is a unique payments model developed by the National Payments Corporation of India and regulated by the RBI. It is a payments gateway that is available to all certified and registered partner banks and merchants or even individuals. Customers can send or receive money instantly as it is based on the IMPS technology. Customers do not have to provide the details like the bank account number or the IFSC code of the bank for UPI payments. It is a very secure platform to send and receive funds and an efficient and hassle-free mode of making payments.
There are many features of the UPI application of the Allahabad Bank that make it a very viable and preferred mode of digital transactions. Some of key features are mentioned below.
Allahabad Bank UPI is very easily accessible to all its customers. Customers have to just download the application and duly register to get access to the UPI format of the bank and its benefits.
Given below are some of the benefits of the UPI feature of Allahabad Bank.
The registration process for the UPI feature of Allahabad Bank is very simple and basic as mentioned above. The detailed steps for the same are mentioned below.
Customers can receive funds instantly through the UPI feature of Allahabad Bank. The process of receiving such funds is detailed hereunder.
The process to make payments through Allahabad Bank UPI is similar to that of receiving it as discussed above. The details of the same are further mentioned below.
The UPI feature of the Bank has become a very popular feature among its customers. It has very effectively replaced the traditional mode of funds transfer and reduced the dependency on net banking.
Following are the types of transactions that can be done through the UPI application of Allahabad Bank.
Allahabad Bank’s UPI mode can be used to transfer funds to any accounts within the bank as well as to any other bank that has the UPI enabled payments features.
Payments of Bills or Utilities
Another important feature of the UPI application of Allahabad Bank is that it allows its customers to make payments towards the various utilities like gas bills, electricity bills, water bills and many other payments like recharges, etc.
Payments to Merchant
Customers can also make payments to merchants at online shopping or directly at the merchants place through their Allahabad Bank UPI id. This enables the customers to make digital payments in real time without the need to divulge any bank account details and also reduces the dependence on cash transactions eventually.
Allahabad Bank like any other UPI enabled payments portal has set certain transaction limits that have to be adhered to by its customers. These transaction limits enable in controlling the volume of the transactions as well as their value. Allahabad Bank does not have a transaction limit set on the weekly basis or monthly basis. However, the Bank does have restrictions on the value of every transaction made as well as on the daily limit of such transactions.
The details of the restrictions mentioned above are tabled hereunder.
Basis of Restriction
Maximum Value of Each Transaction
Maximum Value of Transactions Per Day
1. What is the maximum number of digits that can be used to set a UPI PIN?
UPI PIN is a unique verification code that is used to authenticate the payments or receipt of funds. It is a 4 digit or 6 digit code that is unique to each UPI account and is selected by the account holder.
2. What is the maximum number of UPI transactions that are allowed per account holder per day using Allahabad Bank UPI?
The maximum number of transactions that can be allowed to each account holder of Allahabad Bank per day are restricted to 10 transactions or Rs. 1,00,000 whichever is crossed earlier.
3. Can Allahabad Bank UPI ID be used to make payments or receive funds from any other bank or merchant outside the Bank?
Yes. Customers can use the Allahabad Bank UPI id to send and receive funds from one bank account to another within the same bank or any other bank or even to merchants partnered with UPI application.
4. Can Allahabad Bank UPI be activated through the mobile application of Allahabad Bank?
Yes. Customers can easily activate the UPI feature of Allahabad Bank through its mobile application.
5. Is the UPI Pin the same as the ATM PIN?
No. UPI PIN is the authentication code used to verify the funds transfer request through the UPI application whereas the ATM PIN is used to authenticate the request to withdraw cash from the ATM machine.
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