Bank of India Ahmedabad
Last Updated : May 9, 2018, 12:41 p.m.
About Bank of India
It was Autumn of 1906 when a group of well established businessmen from Mumbai founded Bank of India (BOI). The business was running under the control of private ownership till 1969 when it became a public lender with the Government of India acquiring the majority stake in the bank. Starting with a paid-up capital of 50 lakhs and 50 staff members, the bank has continuously moved up the ladder with time. Bank of Today symbolizes trust in the fields of retail banking, corporate banking, MSME banking, rural banking, NRI banking and much more. These banking verticals boast of customized products to suit the tastes of different customers with different behavioural traits.
Today, it is well spread out with over 5,000 branches across the country. These branches are controlled through 54 zonal offices. The bank came out with a public issue in the year 1997, followed by Qualified Institutional Placement (QIP) in 2008. BOI’s reach is not confined to India alone, it has gone on to establish over 22 branches overseas spread across 5 continents. It has covered its bases across important financial centres across the globe-Tokyo, London, Hong Kong, New York, Paris and Singapore.
As far as Ahmedabad is concerned, the bank has branches that total to over 70. If you are staying in Ahmedabad and looking for the branches of the bank, you can glance at the table below.
Branches of Bank of India Ahmedabad
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Ahmedabad Main | Navrangpura, Swastik Society, Charrasta, Ahmedabad, Gujarat, Pin-380009 | BKID0002000 | 380013003 | 079-25352281 |
| Panchavati | Panchavati, Ambavadi, Ellisbridge, Ahmedabad, Gujarat, Pin-380006 | BKID0002001 | 380013040 | 26406978 |
| Ashram Road | Ashram Road, Opp Hr Arts College, Ashram Road, Ahmedabad, Gujarat, Pin-380009 | BKID0002002 | 380013006 | 26582395, 26589706 |
| Delhi Chakla | Delhi Chakla, Ahmedabad, Gujarat, Pin-380001 | BKID0002003 | 380013007 | 079-25622734, 25620955 |
| Ellis Bridge | Ellis Bridge, Ahmedabad, Gujarat, Pin-380006 | BKID0002004 | 380013008 | 079-26576152, 26577158 |
| Manek Chowk | Manek Chowk, Sankadi - Sheri Naka, Manek Chowk, Ahmedabad, Gujarat, Pin-380001 | BKID0002007 | 380013017 | 22140754, 22144706 |
| Maninagar | Maninagar, Station Road, Maninagar, Ahmedabad, Gujarat, Pin-380008 | BKID0002008 | 380013018 | 25462137, 25462770 |
| New Cloth Market | New Cloth Market, Purshottam Mill Compd, Outside Rajpur Gate, Ahmedabad, Gujarat, Pin-380002 | BKID0002010 | 380013023 | 079-22160258, 22161241 |
| Paldi | Paldi, Vidyalaya Chambers, Opp Paldi Bus Stand, Ahmedabad, Gujarat, Pin-380006 | BKID0002011 | 380013024 | 079-26578226, 26579707 |
Products Offered by Bank of India in Ahmedabad
Looking forward to fulfill your wishes with Bank of India? Well, you have an extensive line of products to choose from. But the choice of products will be dictated by the wish you have. If you don’t want to be a tenant anymore, a customized home loan with maximum repayment period and attractive interest rate is rolling out a red carpet for you to take your feet into your dream home. There are other products like a car loan, personal loan and others that are perfectly placed to fulfill your wishes. You can get through the offers of BOI with respect to the products in the table below.
Basic Loan Details of Bank of India in Ahmedabad
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| BOI Star Home Loan | Salaried employed, self-employed businessmen, professionals, HUF, NRIs, PIOs, corporate and partnership firms are eligible | Upto ₹ 5 Cr | 8.85% onwards | 0.25% of the loan amount Minimum- ₹ 1,000+service tax as applicable Maximum-₹ 20,000+service tax as applicable | Upto 30 Years |
| BOI Star Personal Loan Scheme | Salaried employees, professionals, pensioners are eligible | Upto ₹ 5 lakhs-10 lakhs | 10.35% - 14.85% | 2% of the loan amount | Upto 3 years in most cases. In some exceptional case, the maximum tenure goes upto 5 years |
| BOI Star Vehicle Loan | Salaried employees, professionals, NRIs are eligible | Upto ₹ 50 Lakhs-2 Crores | 6.85% onwards | ₹ 500 per application+service tax as applicable | Upto 7 years |
| BOI Star Loan Against Property | Salaried, self-employed, partnership firms, people with high net worth are eligible | 48 times of average monthly gross salary for salaried 4 times of average net annual income for last 2-3 years in the case of self-employed | 10.50%-11% p.a. | - | Upto 15 years |
| BOI Star Vidya Loan | Students should be an Indian national and must have got admission to a higher education course in recognized institutes in India or overseas | ₹ 10 lakhs in India ₹ 20 lakhs abroad | 8.50%-9.00% p.a. | No processing fee for studies in India. However, overseas study comes with a fee of ₹ 1,000 | 10-15 years |
Documents Required to Avail Loans from Bank of India in Ahmedabad
| Documents | Salaried | Self-employed |
|---|---|---|
| BOI Star Home Loan | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement Property Documents Like Cost Estimation, Property Map, etc | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years Property Documents Like Cost Estimation, Property Map, etc |
| BOI Star Personal Loan Scheme | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement | |
| BOI Star Vehicle Loan | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years |
| BOI Star Loan Against Property | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-Last 3 Month Salary Slips, Form 16 for Last 2 Years, Last 6-month Bank Statement Equitable Home Security | Identity Proof- PAN Card/Passport/Voter ID/Aadhaar card Address Proof-Utility Bill/Passport/Voter ID/Aadhaar Card Income Proof-ITR, Audited Balance Sheet and Profit & Loss Account Statement for the Last 3 Years Equitable Home Security |
