IDBI Bank Bengaluru - IFSC Code, Rates Dec 2023, Main Branch Address

IDBI Bank Bengaluru

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 NameAddressIFSC CodeMICR Contact Details   
Mission RoadIDBI House, 58, Mission Road,IBKL0000008560259002080-2279576-79
Sarakki Lake26/1 Sowbhagya Complex, 24th Main 5th Phase, J.p.nagar, Sarakki LakeIBKL00000245602590036595111/777/800
Bangalore - Main Branch115, Anna Salai, Saidapet Post Bag No. 1306IBKL000012856025900422301241 /45/ 22355230
Indira Nagar2nd Floor, Khaleel Plaza, 32 & 32/1, R. V. Road, Basavanagudi, Bangalore. 560004IBKL0000202560259006080-26576199/ 299/ 399/ 499
Malleswaram BangaloreNo. 12, Siddhi Plaza, Margosa Road, Malleswaram, Bangalore, Karnataka, 560003IBKL0000243560259004080-23319817/ 18/ 20
Bengaluru - R.T. NagarPacific Arcade, R.T. Nagar Main Road No 173, MLA Layout, R.T. Nagar, Bengaluru – 560032IBKL0000363560259009080-22744094, 080-64510709
Bangalore (Corporate Banking Branch)IDBI House, No. 58, Mission Road , Bangalore - 560027IBKL00003775602590089880452243
Gandhi Nagar11, First Cross, Gandhinagar, , P B No.9931, Bangalore, Pincode - 560009IBKL0000551560259005080-22386757
CCU, BangaloreNO.32 &32/1, Khaleel Plaza, Ii Floor, R V Road, Basavanagudi, Bangalore - 560004IBKL0000981560259001080-26579679/75/ 76/ 77/ 78
Rajajinagar82, Dr.Rajkumar , Road, 2nd Block , Rajajinagar , Bangalore 560010IBKL00004185602590109739089444
KoramangalaAnanda Nilaya, 100 ft Rd, Opp E - Zone Koramangala Bangalore - 95IBKL0000693560259015
Dollars ColonyArasu Complex, #4, 80 Feet Road, Dollars Colony, Ashwath Nagar, Rmv 2nd Stage, Bangalore - 560094IBKL00008695602590169972049462
HSR Layout Branch BangaloreNO 424, 7 Hills, 27th Main, 10th Cross, 1st Sector, Hsr Layout Bangalore - 560102IBKL00008965602590179886784010
BanashankariShashwathi Arcade, No 7 Attimabbe Road Banashankari Iiird Stage Bangalore 560085IBKL00008685602590189844215427
Rac IndiranagarNo: 326, 6th Main, Ashwini Complex, Opp: Spencers Super Market, 80 Ft Road, Indiranagar, BangaloreIBKL0000813NON-MICR9886638737
Basavanagudi BranchIDBI Bank Ltd Sri Narayana Mansion, No: 3/1, Dewan Madhava Rao Road, (opp Mnk Rao Park) Basavanagudi - 560004 Bangalore IBKL00010845602590207829902864
The Grain Merchants Cooperative Bank LtdN0.2 Pampa Mahakavi Road, Chamarajpet, Near Minto Eye Hospital Circle Bangalore 560018IBKL0551GMC560197004080-26677552
Rac - MalleswaramIDBI Bank Ltd , Retail Asset Centre N0 12 Siddhi Plaza Between 8th And 9th Cross Margosa Road Malleswaram, BangaloreIBKL0000838NON-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

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanThe 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 amountUp to 30 years or until attaining age of 70 years
Personal LoanThe 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 amountUp to 5 years
Vehicle LoanEligible 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% OnwardsNilFor new vehicles - 7 years
Loan Against PropertyExisting 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 cases10.55% - 14.90% p.a.1% of the loan amountUp to 15 years
Education LoanThe 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 amountMoratorium: course period+ 1 year 0r 6 months after getting the job.
Up to 15 years after the completion of moratorium period.
Fixed DepositIndividual
Joint (max. 4 people)
A guardian on behalf of a minor
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:

ProductsDocuments Required 
Home LoanLoan 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 LoanLoan 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.
Pronote /Pro-note Covering Letter
Vehicle LoanProof 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 PropertyDuly 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 LoanDuly 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 DepositApplication 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.

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