Bank of India Jammu
Last Updated : Feb. 27, 2020, 4:32 p.m.
About Bank of India
Bank of India (BOI), a name that must have crossed your mind when it comes to availing a loan or opening deposit accounts, isn’t it. From the day of its foundation over a century in 1906 to today’s times of controlling the function of more than 5,000 branches, the bank has gone quietly on its way to glory by providing a rich vein of products customized to address the requirements of a wider section of the population. With years of vigil in the banking space, BOI has managed to carve an impression that reads, products are for all. It simply means you can serve all your needs here. It is by the virtue of its customization, BOI today is a force to be reckoned with when it comes to providing the top-notch services to retail, corporate MSME, rural and NRI customers.
Go into the years that went by, you will see the bank was founded by few influential businessmen with a paid-up capital of ₹ 50 lakhs. Now, the bank’s revenue is into crores. Similarly, a headcount of 50 in 1906 has now gone into bigger thousands, expanding the reach of BOI among a wider pool of customers. So, what are you waiting for? Join Bank of India in your bid for a merry financial run. Even the hilly areas of Jammu is tapped by BOI, which has nearly 10-15 branches there. Bank with your nearest branch of BOI by taking a look at the table below.
Bank of India Jammu Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Maulana Azad Road | Maulana Azad Road, Shrinagar, Jammu & Kashmir-190001 | BKID0007900 | 190013002 | |
| Jammu | Jammu, Vir Marg, Residency Road, Jammu, Jammu & Kashmir-180001 | BKID0007901 | 180013002 | 0191-2573025, 533138 |
| Udhampur | Post Box-5, 23/11, Mukherjee Bazar, Court Road-149001 | BKID0007903 | 182013001 | |
| Dalgate | Dalgate, Khaibar Chowk, Opp. Khaibar Hospital, Srinagar Jammu & Kashmir-190001 | BKID0007904 | 190013003 | |
| Satwari | Satwari, 19, Satwari, Jammu, Jammu, Jammu & Kashmir-180003 | BKID0007906 | 180013003 | 0191-2450918, 2454206 |
| Gangyal | P.C.D.A Complex, Jammu Cantt. | BKID0007911 | 180013004 | |
| Jammu Mid Corporate | Sewa Complex Opp Fire Station, National Highway Gangyal, Jammu-180010 | BKID0007912 | 180013005 | 0191-2480363 |
| Vijaypur | Main Bazar , Near Mini Bus Stand, V& Po Vijaypur, Distt. Samba, Jammu & Kashmir-184120 | BKID0006358 | ||
| Katra | Bhawanis Paradise Hotel, Jammu Road, Katra, Jammu & Kashmir-182301 | BKID0007913 | ||
| Kathua | Kathua Branch Neeraj Mall, Shahidi Chowk, Ward No 5, District Kathua, Jammu & Kashmir- 184101 | BKID0007914 |
Products Offered by Bank of India in Jammu
Get ready to be welcomed with an extensive product range at Bank of India in Jammu branches. Whatever your needs are, the Jammu branches of the bank are full of customized products. Be it a personal loan to bring home the high-definition television or a suitable home loan to take you to your dream home, the bank has what you need. So, why not know about those products and let your wishes get fulfilled? What do you think, folks? I am sure, you will approve of this idea. So, let’s explore the products of BOI through a table outlined below.
Basic Product Details of Bank of India in Jammu
| 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 Access Loans from Bank of India in Jammu
| 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 |