Bank of India Bengaluru
Last Updated : April 6, 2017, 6:21 p.m.
About Bank of India
What comes to your mind when the word ‘Bank’ does the round? I am sure, trust is what your answer would be, right!. And it aptly fits into the case of Bank of India (BOI), which through its extensive line of custom products, has made a name for itself in the fragmented banking space consisting of large, mid and small banks vying against each other. Be it retail banking, corporate banking or rural banking, the bank endeavours to fulfill the needs of customers with utmost efficiency.
Take a Sneek-peek into the history of the bank and you will find it was set up by eminent businessmen from the city of Mumbai in September 1906. It was started with a paid-up capital of ₹ 50 lakhs, and 50 employees were hired to take care of the bank’s operation. BOI was privately managed till 1969 when it was nationalized along with 13 other banks. In 1997, the bank went public in the capital market and a decade later came its Qualified Institutional Placement (QIP) in 2008. BOI today boasts of a massive presence across India and globally. The bank has over 5,000 branches in India and 20 branches overseas, covering important financial centres like Tokyo, Hong Kong, New York, London, Singapore, and Paris.
When it comes to Bengaluru, the bank has about 40-50 branches to serve the people in the city. Want to get a sight of the branches of the city? Take a below and find your answer.
List of Bank of India Branches in Bengaluru
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Bangalore Main | Bangalore Main, 11, Bank Of India Building, K.G.Road, Bangalore, Karnataka, Pin-560009 | BKID0008400 | 560013002 | 080-22959437, 22959438 |
| Malleswaram | Malleswaram, No 112, Ist Floor, Margosa Road, Bangalore, Karnataka, Pin-560003 | BKID0008401 | 560013007 | 080-23567593, 22959500 |
| Visweswarapuram | Visweswarapuram, 83 Digaronal Road, Visveswarapuram, Bangalore, Pin-560004 | BKID0008402 | 560013010 | 080-26612656, 26620225 |
| Virgonagar | Virgonagar, Vill Avalahalli, Post Virgonagar, Bangalore, 560049, Karnataka, Pin-560049 | BKID0008403 | 560013016 | |
| Cantonment, Jothi Mahal | Cantonment, Jothi Mahal, 49, St Marks Road, Bangalore,, Karnataka, Pin-560001 | BKID0008404 | 560013003 | 080-22959478, 22959474 |
| Jaya Nagar | Jaya Nagar, 2904 11 Main Road, 4Th Block Jayanagar, Bangalore, Karnataka, Pin-560025 | BKID0008405 | 560013006 | 080-22959483, 22959484 |
| Rajajinagar | Rajajinagar, 675, Ii Block, Nr Navarang Theatre, Bangalore, Karnataka, Pin-560110 | BKID0008406 | 560013008 | |
| J C Road | J C Road, 75 J C Road, Bangalore, Bangalore, Karnataka, Pin-560002 | BKID0008407 | 560013005 | |
| Yeshwantpur | Yeshwantpur, 6, Regulated Market, Yeshwantpur, Bangalore, Karnataka, Pin-560022 | BKID0008408 | 560013011 | 080-22959528 |
| Richmond Town | Richmond Town, 22, Bangalore, Karnataka, Pin-560025 | BKID0008409 | 560013009 | 080-22959513, 22959512 |
Products Offered by Bank of India in Bengaluru
As we know Bank of India has strengthened its presence across several banking verticals, let’s know the kind of products that it has in store for you. From personal loan to vehicle loan, it has products aptly designed to meet each individual’s aspirations. How will BOI loans act as a catalyst for bringing change in life? For that, a glance at the table is required.
Basic Details of Bank of India Loans in Bengaluru
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee |
|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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. | - |
| 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 |
Documents Required
| 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 |