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IDBI Bank Chennai

IDBI Bank Chennai

Last Updated : Feb. 10, 2017, 3:37 p.m.

About IDBI Bank

IDBI Bank was set up recently in the year 2004 as previously it was one of the development financial institutions. The previous name was IDBI Ltd which was changed when the company was transferred in the banking sector. Now it is IDBI Bank Ltd. which has expanded its role and gives all type of financial solutions to its customer. While previously it was only meant to finance the developmental projects. The IDBI bank is deploying the world class technology and provides the best services to the customers.

The dynamic and proactive workforce helps the bank to reach its goal of customer satisfaction. The aim of the bank is to promote a positive and performance based work culture to further encourage them to be a passionate and committed employee. The aim of the bank is to expand its reach and maintain the global standards simultaneously. The commercial bank is striving hard to dedicate its energy in touching the lives of as many people as possible. They want to serve the people from different strata of the society. The other aim is to be the first greener bank in India. The bank has grown its presence in the country and has opened many branches in all the cities. There are a number of branches that are opened by the bank in the city of Chennai to serve the people and make them experience the best banking facilities.

Address of IDBI Bank Branches in Chennai

Branch NameAddressIFSC CodeMICRContact Details
Greams RoadP.M. Towers 37, Greams RoadIBKL0000005600259002044-8292371-373
AlwarpetSona Building, 37, C.p. Ramaswamy Road, Alwarpet,IBKL0000022600259003044-4661204, 24988419
N M RoadNelson Tower, New No - 91 Nelson Manickam RoadIBKL0000045600259004044-3745802/03
Chennai - Main BranchIDBI Complex, Near Lal Bungalow off C G RoadIBKL0000129600259006044-22355201-16
T . Nagar1ST Floor, Devi Arihant, 24/2, Old No 16, Dr Nair Road T.nagar Chennai, Tamil NADU 600017IBKL0000194600259008044-42605020/40
KilpaukGround & First Floor, Pattery Balfour Road, Kellys, Kilpauk, Chennai Tamilnadu – 600010IBKL0000287600259012044 - 2644 8435/23/24/25
MogappairPlot No. 12/18, Seethakathi Road, Mogappair East, Chennai - 600037IBKL00003006002590154426567637
Nungambakkam102/103, First Floor, Prestige Point, No. 33 Haddows Road, Nungambakkam, Chennai., Pincode - 6000006IBKL0000630600259010044-2825811628258110
Retails Assets Center, ChennaiMurugesa Naicker Office Complex, Iii Floor , 68, Greams Road, Chennai - 600006, Tamil NaduIBKL0000814600259009044-28299653, 9690
OTA Extn CounterO T A, St. Thomas Mount, Chennai - 600016IBKL0000904600259005044-22341676 /22341685
SKPas College Extn CounterSri Kanyaka Parameswari Arts & Science College For Women, No. 1, Audiappa Naicken Street, Chennai - 600001IBKL0000907600259007044-25394929 / 39
RPU ChennaiMurugesa Naicker Complex, 3rd Floor, 68, Greams Road, Chennai 600006IBKL0000993600259000044-8295158, 59 & 60
TambaramNO.4, Duraiswamy Reddy Street, West Tambaram, Chennai 600045IBKL0000370600259017044-22266844
Currency Chest, ChennaiKhivraj Complex 1, Ground Floor , 480 Anna Salai, Nandanam, Chennai - 600035IBKL0000976NON-MICR9445258628
Velachery51 B, Velachery Main Road, Velachery, Chennai - 600 042IBKL00007366002590209940102244

Products Offered by the IDBI Bank in Chennai

If you are in need of funds for the emergency or to build a home for yourself. Worry no more as IDBI Bank has the best banking products which will give you the financial solutions to all your problems. They offer a vast range of products and services. There are several loan products like the home loan, personal loan, car loan, gold loan, etc that is helpful to the people as it provides solutions at the time of need. You can also invest your money in the fixed deposit to earn good interest rate over your money and increase your wealth.

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 lakh10.50% - 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 Chennai 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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