IDBI Bank Bhubaneswar

Banks 144 views

About IDBI Bank

IDBI Bank was formerly a development financial institution which dedicated its service in financing the developmental process and contribute to the nation building. The bank is one of the newly formed new generation banks which was established as a banking company in the year of 2004. The bank is resolved to provide the world class service and best financial solution to its customer. It works at par with the cutting edge technology and remains customer friendly. The aim of the bank is to be one of the most trusted and preferred banks in India.

The bank focuses on serving the different sections of the society and reaches to every people possible so that they can enjoy the banking facilities. The enthusiastic and proactive workforce of the bank is dedicated to provides the best financial solutions to the customer. The bank is including all the modern technology, system and the process to make the banking easier for its customer and expand its reach globally. It is also striving hard to become the greener bank. It wants to enhance the wealth and value of its stakeholder. The bank is enhancing the lives of people and delighting them by giving them the best financial service.

Address of IDBI Bank Branches in Bhubaneswar

Branch Name AddressIFSC Code MICR Contact Details   
BhubaneshwarIDBI House, Janpath, Unit Ix,IBKL00000427512590020674-541655 / 695
Bhubaneshwar - Main BranchD.NO.5 - 9 - 89/1 & 2, Chapel Road P.B.NO.370IBKL000013275125900355746052/6054
Lewis RoadIDBI Bank Ltd Lewis Road Branch, Lewis Plaza, Bjb Nagar Plot No - 387 Bhubaneshwar - 751014IBKL0001112NON-MICR9437051293
Bhubaneshwar-khandagiriPlot No.-642 , Ground Floor , At- Jagamara , Po-khandagiri , Dist - Khurda , Bhubaneshwar , Odisha , PIN -751030IBKL0001295NON-MICR9668082725 & 9437090706
Central Clearing Unit, BhubaneshwarCCU, Bhubaneshwar, 2nd Floor Idbi House, Janpath Unit Ix, Bhubaneswar, PIN - 751022IBKL000095275125900107873078108, 09776281849
Bhubaneswar (Corporate Banking Branch)IDBI House, Ground Floor, Janpath, Unit - Ix, Khurda, Bhubaneswar - 751002IBKL00003797512590039437088000
RAC, BhubaneswarIDBI Bank Ltd, Retail Asset Centre, 1st Floor, Idbi House, Unit 9, Janpath, Bhubaneswar - 751022IBKL0000833NON-MICR9778376379
Bhubaneswar-ChandrasekharpurGround Floor, Ishwar Complex, Damana Square, Chandrasekharpur , Bhubaneswar - 751021, Odisha.IBKL0001160NON-MICR0674-541655 / 695

Products Offered by the IDBI Bank in Bhubaneswar

The products and services provided by the IDBI bank are at par with the global standard. It provides the home loan, personal loan, education loan, loan against property etc. The new generation banks also give the term deposit schemes to increase the saving of its customer. The bank strives hard to make all the efforts to provide the best services to its customer.

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
8.30% - 11.30%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 12.49% - 13.49%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

9.90% - 9.95%

NilFor 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
HUF
Partnership Firm
A company
Association or any other Institution
Minimum - ₹ 1,000
Maximum - No predetermined limit
4.25% - 7.25%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.
Co-obligation
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.

You May Also Read