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About IDBI Bank
Address of IDBI Bank Branches in Bengaluru
Products Offered by the IDBI Bank in Bengaluru
Basic details about IDBI Bank products
Documents Required
IDBI Bank Bengaluru
Last Updated : Sept. 5, 2018, 3:06 p.m.
About IDBI Bank
The former Development Financial Institution (DFI) was set up in the year 1964 and later in the year 2004, it was converted into a full-fledged commercial bank. It is one of the leading commercial banks in India. Initially, it was set up as the IDBI Ltd. which is the parent company to provide the financial support to the various projects and contribute in the nation building. After attaining the status of banking company the name was changed to IDBI bank Ltd. It is the new generation bank with majority government shareholding. The bank uses all the latest technology to make the banking facilities smooth and easy for the people.
The aim of the bank is to serve different strata of the society and be one of the most trusted and preferred banks in India. The bank is one of the pioneers in financing the development projects and improving the infrastructure of the country. In the city like Banglore where the scope of financing is more, IDBI has a huge contribution in the development of the city. In return, the city has also favored by giving the business to the bank. The main aim of the bank is to provide delight and satisfaction to the customer. The services and products are designed in a way to provide the best banking experience to all its customer.
Address of IDBI Bank Branches in Bengaluru
| Branch Name | Address | IFSC Code | MICR | Contact Details | |||
|---|---|---|---|---|---|---|---|
| Mission Road | IDBI House, 58, Mission Road, | IBKL0000008 | 560259002 | 080-2279576-79 | |||
| Sarakki Lake | 26/1 Sowbhagya Complex, 24th Main 5th Phase, J.p.nagar, Sarakki Lake | IBKL0000024 | 560259003 | 6595111/777/800 | |||
| Bangalore - Main Branch | 115, Anna Salai, Saidapet Post Bag No. 1306 | IBKL0000128 | 560259004 | 22301241 /45/ 22355230 | |||
| Indira Nagar | 2nd Floor, Khaleel Plaza, 32 & 32/1, R. V. Road, Basavanagudi, Bangalore. 560004 | IBKL0000202 | 560259006 | 080-26576199/ 299/ 399/ 499 | |||
| Malleswaram Bangalore | No. 12, Siddhi Plaza, Margosa Road, Malleswaram, Bangalore, Karnataka, 560003 | IBKL0000243 | 560259004 | 080-23319817/ 18/ 20 | |||
| Bengaluru - R.T. Nagar | Pacific Arcade, R.T. Nagar Main Road No 173, MLA Layout, R.T. Nagar, Bengaluru – 560032 | IBKL0000363 | 560259009 | 080-22744094, 080-64510709 | |||
| Bangalore (Corporate Banking Branch) | IDBI House, No. 58, Mission Road , Bangalore - 560027 | IBKL0000377 | 560259008 | 9880452243 | |||
| Gandhi Nagar | 11, First Cross, Gandhinagar, , P B No.9931, Bangalore, Pincode - 560009 | IBKL0000551 | 560259005 | 080-22386757 | |||
| CCU, Bangalore | NO.32 &32/1, Khaleel Plaza, Ii Floor, R V Road, Basavanagudi, Bangalore - 560004 | IBKL0000981 | 560259001 | 080-26579679/75/ 76/ 77/ 78 | |||
| Rajajinagar | 82, Dr.Rajkumar , Road, 2nd Block , Rajajinagar , Bangalore 560010 | IBKL0000418 | 560259010 | 9739089444 | |||
| Koramangala | Ananda Nilaya, 100 ft Rd, Opp E - Zone Koramangala Bangalore - 95 | IBKL0000693 | 560259015 | ||||
| Dollars Colony | Arasu Complex, #4, 80 Feet Road, Dollars Colony, Ashwath Nagar, Rmv 2nd Stage, Bangalore - 560094 | IBKL0000869 | 560259016 | 9972049462 | |||
| HSR Layout Branch Bangalore | NO 424, 7 Hills, 27th Main, 10th Cross, 1st Sector, Hsr Layout Bangalore - 560102 | IBKL0000896 | 560259017 | 9886784010 | |||
| Banashankari | Shashwathi Arcade, No 7 Attimabbe Road Banashankari Iiird Stage Bangalore 560085 | IBKL0000868 | 560259018 | 9844215427 | |||
| Rac Indiranagar | No: 326, 6th Main, Ashwini Complex, Opp: Spencers Super Market, 80 Ft Road, Indiranagar, Bangalore | IBKL0000813 | NON-MICR | 9886638737 | |||
| Basavanagudi Branch | IDBI Bank Ltd Sri Narayana Mansion, No: 3/1, Dewan Madhava Rao Road, (opp Mnk Rao Park) Basavanagudi - 560004 Bangalore | IBKL0001084 | 560259020 | 7829902864 | |||
| The Grain Merchants Cooperative Bank Ltd | N0.2 Pampa Mahakavi Road, Chamarajpet, Near Minto Eye Hospital Circle Bangalore 560018 | IBKL0551GMC | 560197004 | 080-26677552 | |||
| Rac - Malleswaram | IDBI Bank Ltd , Retail Asset Centre N0 12 Siddhi Plaza Between 8th And 9th Cross Margosa Road Malleswaram, Bangalore | IBKL0000838 | NON-MICR | (080)-23469055 |
Products Offered by the IDBI Bank in Bengaluru
There are different types of products and services that are produced by IDBI bank to make the banking experience really pleasurable for the customers. The bank provides the home loan, car loan, Loan against property, personal loan, education loan etc. The bank provides the fixed deposit to the customer so that they can increase their savings. It gives world class services and provides one of the best financial solutions.
Basic details about IDBI Bank products
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | The age of the applicant should be between 18 - 65 years Salaried individuals with minimum 3 years experience Business concerns, professionals and self-employed individuals working in the line of business/ profession for at least 3 years | For salaried Individuals - Up to 4 years gross salary Self-Employed Individuals & Business person- Up to 4 years gross annual income For repairs & renovations - Up to ₹ 15 lacs | 8.80% - 12.25% | 0.50% of the loan amount | Up to 30 years or until attaining age of 70 years |
| Personal Loan | The age of the applicant should be between 21 - 65 years. Permanent employees of reputed PSUs and Joint Stock Companies Confirmed Central / State Government officials Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and Universities The salary account of the employee should be maintained with the branch The minimum net salary should not be less than ₹ 20,000 per month or minimum net annual income of ₹1,80,000 per annum for the salaried Individual For the self- employed the minimum annual average balance should be ₹ 25,000 per month and minimum annual business income should be ₹ 2,40,000 per annum for last 2 years. | Minimum of ₹50,000 Up to maximum of ₹ 10 lakh | 10.50% - 13.25% | 2% of the loan amount | Up to 5 years |
| Vehicle Loan | Eligible Segments - Individuals, professionals, reputed firms and companies The age of the applicant should be between 18- 60 years. Minimum annual gross salary of the individuals should ₹ 1.80 lacs Should have minimum work experience of 2 years. | New Car - No maximum limit Used Car - 75% of the agreed value | 7.50% Onwards | Nil | For new vehicles - 7 years |
| Loan Against Property | Existing customers having satisfactory dealing with the bank New customers with healthy credit history | Up to 50% of the property value or up to ₹ 10 crores and more than ₹ 10 cr depends on individual cases | 10.55% - 14.90% p.a. | 1% of the loan amount | Up to 15 years |
| Education Loan | The student should be the resident of India. Should have secured the admission through entrance exam/ merit based selection. The student should have the guarantor/ collateral. | For India:up to₹20 lakh For abroad: ₹ 30 lakh or 100% of the total cost of programme. | 17.70%- 18.45% p.a. | 1% of the loan amount | Moratorium: course period+ 1 year 0r 6 months after getting the job. Up to 15 years after the completion of moratorium period. |
| Fixed Deposit | Individual Joint (max. 4 people) A guardian on behalf of a minor HUF Partnership Firm A company Association or any other Institution | Minimum - ₹ 1,000 Maximum - No predetermined limit | 2.90% - 5.90% | 15 days - 10 years 7 days - 14 days only on single deposit of ₹ 5 lakhs & above |
Documents Required
The documents required by IDBI Bank Bengaluru for the different products are mentioned in the table below:
| Products | Documents Required | |
|---|---|---|
| Home Loan | Loan Application with 2 passport size photos of applicant / guarantor Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Processing fee cheque Detailed cost estimate/valuation report from Bank's Panel Chartered Engineer/Architect Allotment letter of Co-operative Housing Society/ Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary Salary Certificate and Form No.16 (in case of salaried persons) IT Returns filed for the past three years (in case of non-salaried persons) A brief note on the nature of business, year of establishment, type of organization, etc., (in case of self-employed) Balance Sheet and P&L Account for the past three years (in case of self-employed) | |
| Personal Loan | Loan Application with 2 copies of passport size photographs Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Latest Salary Certificate and Form No.16 / ITR/ITAO for last 3 years. Co-obligation Pronote /Pro-note Covering Letter | |
| Vehicle Loan | Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Proof of Income: Latest 2 months salary slip with form 16 Audited balance sheet, and the latest 2 years IT returns of the company/ Latest ITR, bank statement reflecting salary credits for last 4 months. Bank Statement: Income statement, balance sheet and ITR for last 2 years ( for self- employed), Last 6 months bank statement (for salaried individual) Age Proof: School leaving certificate/ Passport/ Driving Licence/ Election ID Card/ Birth Certificate/ LIC Policy/ PAN Card | |
| Loan Against Property | Duly filled Loan Application with passport size photographs - 2 copies each Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Income proof of the applicant and guarantor Income Tax Assessment Order / IT Returns Last 3 years income tax returns and complete business profile. Bank Statement- Last 6 months bank statement, Last 3 years Profit/ loss and Balance sheet ( for self- employed professionals) Processing Fee cheque Property related documents: All the title related documents along with approved sanctions/ building plans. | |
| Educational Loan | Duly filled application with recent photographs. Proof of residence – Passport/ Utility bill/ Allotment letter. Date of Birth proof Certificate of Domicile Fee particulars from school/ college Scholarship proof Study Certificate | |
| Fixed Deposit | Application form Copy of PAN Card / Form 60 or 61 (in case the customer does not have PAN Card) 2 Photographs of Depositor/s Identity Proof and Address Proof Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc. |
