IDBI Bank Hyderabad
Last Updated : Feb. 13, 2017, 3:59 p.m.
About IDBI Bank
IDBI bank was established in the year 2004 and the headquarter of the bank is in Mumbai. The bank was shifted from the development financial institution to the banking sector. The main job of the former company was to finance the developmental projects. The bank has included all the products and services to provide the best possible financial solution to its customer. The aim of the bank is to meet the global standard in the banking sector and work according to its prevailing ethics, responsibility and maintain transparency. The main aim of the bank is to spread across the world and earn a name for itself. It wants its workforce to be the dedicated, proactive and professional so as to be best equipped to help its customer. The aim of the bank is to serve all types of people and in the different section of the society. The bank focuses on extending the banking facilities to as many people as possible. along with continuing to finance the corporate and business project so that the development of individual along with the stability of the economy is maintained. The bank along with the continuous use of the latest technology and the robust planning is trying to set up an example in the corporate governance. The bank strives hard to enhance the value and wealth of its stakeholders.
Address of IDBI Bank Branches in Hyderabad
| Branch Name | Address | IFSC Code | MICR | Contact Details | |||
|---|---|---|---|---|---|---|---|
| Basheer Bagh | Mahavir House Basheerbagh Square | IBKL0000002 | 500259002 | 040-3228517, 3222688 | |||
| Banjara Hills | Plot No.9, J R House, Road No.2, Banjara Hills, | IBKL0000028 | 500259003 | 040-3548762/79/83 | |||
| Hyderabad - Main Branch | Stock Exchange Building 683 - 686, Trichy Road | IBKL0000133 | 500259004 | (0422)2310262 | |||
| Kukatpally | MIG 230, Municipal No. 15 - 24 - 230, Kphb Colony, Kukatpally, Hyderabad - 500072 . | IBKL0000280 | 500259007 | 040-66908171 / 72 / 73, 66902000 | |||
| Sultan Bazaar | 428/437, Balaji Market, , Sultan Bazar, , Hyderabad, Pincode - 500001 | IBKL0000594 | 500259005 | 040-24653064 | |||
| Gachibowli | IDBI Bank Ltd, Diamond Park, Plot No.81, Vinayak Nagar Colony, Gachibowli Stadium Road, Gachibowli, Hyderabad - 500032 | IBKL0000432 | 500259010 | 9963233433 | |||
| Jubilee Hills Branch | Yousuf Plaza, Plot No. 1101, Road No. 36, Jubilee Hills, Hyderabad - 500033 | IBKL0000872 | 500259012 | 9849969963 | |||
| LB Nagar Branch | Andhrapradesh Plot No 15 & 28 , Srinivasa Chambers, Mansoorabad, Lb Nagar Ring Road, Rangareddy Dist, Hyderabad, Ap - 500074 | IBKL0001057 | 500259014 | 9885300556 | |||
| Retail Asset - Hyderabad | D No. 5 - 9 - 89/1 & 2, Chapel Road, Pb No.370 Hyderabad 500001 | IBKL0000811 | NON-MICR | 040-66746063 |
Products Offered by the IDBI Bank in Hyderabad
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. The customer care gives the best possible financial services to the people of the city.
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 Hyderabad 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. |