IDBI Bank Chandigarh
Last Updated : Sept. 5, 2018, 3:07 p.m.
About IDBI Bank
IDBI bank is one of the new generation banks which gained the status of the bank in the year 2004. This banking company was previously one of the development financing institutions which has financed many projects which have helped in the overall development of the country. The institution has been transferred into the banking company so as to include all the facilities including the financing o f the developmental projects. The bank is moving forward rapidly to become the most successful commercial banks in India. The main aim of the bank is to become the most trusted and preferred banks of India.
IDBI bank Ltd. is the name of the company and the main focus of the company is to provide the best products and the financial solutions to the customers. The delightful customer is one of the important aspects of the bank. IDBI Bank design the products keeping the customer’s needs and requirements in mind. The bank wants the banking facilities to be provided in every corner of the country. It uses the latest technology to meet the global standards. It tries to keep its functioning transparent, ethical and responsible so that it sets an example for other corporate governance. It focuses on maintaining the responsibility that is laid on it by enhancing the wealth of the stakeholder. IT has spread its network throughout the country and tries to maintain the same by opening a number of branches in the city which is considered Pensioner’s paradise, Chandigarh.
Address of IDBI Bank Branches in Chandigarh
| Branch Name | Address | IFSC Code | MICR | Contact Details | |||
|---|---|---|---|---|---|---|---|
| Chandigarh | Address | IFSC | MICR | Customer Care | |||
| Chandigarh - Main Branch | Sco 55 - 56 - 57, Madhya Marg Sector 8 | IBKL0000003 | 160259001 | 0172-543927/28/50/54 | |||
| Chandigarh | B - 19 - 110/14, Lind Floor, 203 Carnival Shopping Centre, Mall Road | IBKL0000143 | 160259005 | 0172- 2709689, 2722648, 2702976, 2722642 | |||
| CCU, Chandigarh | SCO 119 - 120 Sector 43 B Chandigarh Chandigarh 160022 | IBKL0000272 | 160259009 | 0172 4678894/95/96 | |||
| Retail Asset - Chandigarh | SCO - 119 - 120, Sector - 43/b, Basement, Chandigarh | IBKL0000979 | 160259009 | 9814527191 | |||
| Industrial Area, Chandigarh | IDBI Bank(RAC), SCO - 72 - 73, 3RD. Floor, Sec - 17 B, Banks Square, Chandigarh - 160017 | IBKL0000812 | NON-MICR | 9876028160 | |||
| Sector- D , Chandigarh | Plot No.149, Industrial Area, Phase 1, Chandigarh | IBKL0001799 | NON-MICR | 8556865064 | |||
| Ground floor, Sc-162-163, Sector 9c, Chandigarh | IBKL0002008 | NON-MICR | 0172-5084688 |
Products Offered by the IDBI Bank in Chandigarh
There are various types of products that are given by the bank which is designed keeping the needs of the customer in consideration. The bank gives the wide range of loan products like the home loan, car loan, personal loan, loan against the property, education loan etc. The fixed deposit scheme is also the part of their products in which the customer can invest to earn the interest rate on their savings.
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 Chandigarh 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. |
