Bank of Baroda Indore
Last Updated : Jan. 11, 2019, 6:04 p.m.
About Bank of Baroda
To start with, Bank of Baroda has been busy redefining and reshaping the experience of financial services in India for ages. From the time to 1908 to now, the bank has continuously strived to provide the best services that a customer could expect to receive. It is a mass banker but not a niche one. In 1908 when our grandfathers or may be generations above them were battling to cause unrest for the British establishment, there were emperors busy in creating the building blocks of a financial institution called Bank of Baroda (BoB). Do you know who did the honours? It was Maharaja Saijirao and Maharaja of Baroda who came together for this brand initiative.
As the time went along, the bank was under private control for years before the Government of India recognized the importance of Bank of Baroda and nationalized it in 1969. Since then, it’s been a happy hunting time for BoB, which has been a premier banker for all sorts of customers be it corporate, retail, NRIs, MSMEs or any other. With a custom blend of products, the bank has ensured to make everyone happy.
But what counts significant for BoB is its sincerity in understanding the needs of customers at different points of time. Now when the lenders are slogging out against each other by reducing home loan rates, Bank of Baroda came with an offer that would be too tempting to resist. It reduced the interest rates on a home loan to 8.35% per annum, the lowest in the industry. Also significant was its removal of switchover fees that the bank was charging to customers shifting their home loan portfolio from base rate to marginal cost of lending rate (MCLR). A charge of 5,000 to 10,000 is usually levied on such switch.
The bank, with a presence of over 6,000 branches and 1,000 ATMs, is maintaining a strong hold in the domestic market. It has also made significant expansion in the foreign territories by establishing branches across the US, Australia, Middle East and others.
Indore, a city located in the state of Madhya Pradesh, is also banked by Bank of Baroda. The city of Indore has branches that total to around 25-30, a significant number one would have to say. If you are not aware of the nearest BoB branch in Indore, a table below will most definitely let you reach there.
Bank of Baroda Indore Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Annapurna Road | Prabhu Nagar, Annapurna Road, Indore - 452012, Madhya Pradesh | BARB0ANNAPU | 452012013 | 0731-2483324 |
| A B Road | A B Road Ind Branch, 13, Old Palasia A.B.Road, Indore-452001 | BARB0COLIND | 452012007 | 0731-2542023 |
| Ravi Shankar | C-18, HIG Colony, R S S Nagar, Indore- 452008 , Madhya Pradesh | BARB0HIGMIG | 452012009 | 0731-2544337 |
| I.E.Indore | I.E.Indore Branch, 61/1, Snehlata Ganj, Indore-452003, Madhya Pradesh | BARB0INDIND | 452012005 | 0731-2542720 |
| R.N.T. Marg | R.N.T. Marg Branch, Dawa Bazar R.N.T.Marg, Indore-452001, Madhya Pradesh | BARB0INDORE | 452012004 | 0731-2704894 |
| Sangita Road | 19, Sapna Sangita Road, Snehnagar, Main Road, Indore-452001, Madhya Pradesh | BARB0NAVLAK | 452012006 | 0731-2462842 |
| Nipanya | Main Road, Nipanya, Indore-452016, Madhya Pradesh | BARB0NIPANY | 452012014 | |
| Sitlamata | Sitlamata Branch, 82/83 Sitalamata Bazar, Indore, 452002 | BARB0SITALA | 452012002 | 0731-2454173 |
| Siyaganj | Siyaganj Branch, 15/16 Jawahar Marg Ida Building, Indore-452007 | BARB0SIYAGA | 452012003 | 0731-2369247 |
| Transport Branch | Transport Branch, 2, Snehnagar, Sapna - Sangita Road, Tower Chauraha, , Indore, 452001 | BARB0TRANSP | 452012008 | 0731-2462455 |
| Vijay Nagar | Vijay Nagar Branch, Aa 14 Sch No.54 Vijay Nagar A.B.Road Indore, Indore, 452010 | BARB0VIJIND | 452012012 | 0731-4005904 |
| Goyal Nagar | 373/374 Goyal Nagar, Madhya Pradesh, Indore-452018 | BARB0GOYALN | 452012015 | 0731-2595066 |
| Kalani Nagar | 8-A, Kalani Nagar, Aerodrome Road, Indore- 452009 | BARB0AERODR | 0731-4039723 | |
| Gumasta Nagar | Plot No.995, Sector-A, Sudama Nagar, Gumasta Nagar, Indore -452009 | BARB0GUMASH | 0731-6562404 | |
| Baroli | Near Vaishnav College And University, Sanwer Road, Village Baroli, Tehsil Sanwer, Madhya Pradesh- 453111 | BARB0BAROLI | ||
| Manik Bagh Main Road | Prithvi Regency, 2 B Dubey Colony, Manik Bagh Main Road, Collectorate, Indore, Madhya Pradesh-452007 | BARB0MANBAG | ||
| Bijalpur | 969 A B Road Bijalpur Indore Dist Indore Madhya Pradesh 452012 | BARB0BIJALP | ||
| Krishna Tower | 589 Krishna Tower Piplyahana Scheme No 140 Indore Madhya Pradesh 452001 | BARB0PIPIND | ||
| Service Branch | 4 IDA Building Siyaganj Indore | BARB0SERIND |
Products Offered by Bank of Baroda in Indore
Want to avail the top-notch banking services from Bank of Baroda in Indore? Cling on to the offers of a personal loan, car loan , home loan, business loan and much more. These products can prove to be a wish enabler. Wish of a continued stay in a dream house or hanging out with your friends on the beaches of Goa, Bank of Baroda strives to help you in every possible way. Looking forward to know all these products? Get your eyes to the table below.
Basic Details of Loans at Bank of Baroda in Indore
| Products | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | Minimum age for application-21 years for salaried and self-employed applicants Maximum age permitted at the time of loan maturity-60 years for salaried and self-employed applicants | About 75%-90% of the property value | 8.50% - 10.60% | 0.25%-0.50% of the loan amount Minimum- ₹7,500 Maximum- ₹20,000 | Upto 30 Years |
| Baroda Traders Loan | Individuals, proprietors, partnership firms & co-operative societies seeking working capital are eligible | ₹ 2 lakh-10 Cr | 10.35%-11.35% p.a. | 0.35% of the loan amount subject to a minimum of ₹ 7,500 | Upto 5 years |
| Car Loan | Minimum age for application-21 years for both salaried and self-employed applicants Maximum age allowed at the time of loan maturity-65 years | Upto ₹ 1 Cr | 7% onwards | 0.75% of the loan amount to a maximum of Rs 10,000 | Upto 7 Years |
| Loan Against Future Rent Receivables | Owners who have rented their premises or are looking to rent to corporate houses/PSU units/banks/MNCs are eligible Landlords of BoB Offices or Branches are eligible Landlords or residential property given on a lease to the officers and executives of BoB are also eligible | Upto 55% of the rent due and receivable for both the unexpired period of lease and uncertain period of lease. | 12.10% p.a. | 1% of the loan amount subject to a maximum of ₹ 7.5 lakhs and ₹ 150 lakhs for loans upto 10 Cr and above 10 Cr, respectively. | Upto 10 Years |
| Personal Loan | Minimum age for application-21 years Maximum age permitted at the time of loan maturity-60 years for salaried & 65 years for self-employed | ₹ 50,000-10,00,000 | 10.90% - 18.25% | Upto ₹ 10,000 | Upto 4 Years |
Documents Needed to Avail Loans from Bank of Baroda in Indore
| Products | Salaried | Self-employed |
|---|---|---|
| Home Loan | Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 for Salaried Bank Account Statement for the Last 6 Months Track of any other loans, if any Property details such cost estimate of construction | Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years Bank Account Statement for the Last 6 Months Track of any other loans, if any Property details such cost estimate of construction |
| Car Loan | Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 Bank Account Statement for the Last 6 Months Track of any other loans, if any | Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years Bank Account Statement for the Last 6 Months Track of any other loans, if any |
| Personal Loan | Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Latest Salary Slips & Form 16 | Identity Proof- PAN Card/Passport/Voter ID/Driving License/Aadhaar Card Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID Income Proof-Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years |