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IDBI Bank Indore

IDBI Bank Indore

Last Updated : Sept. 5, 2018, 3:09 p.m.

About IDBI Bank

IDBI bank was established in the year 2004 and the company was previously a development financing institution which was established in the year 1964. The bank is one of the new generation banks which is techno savvy and is moving forward with the continuous use of the modern technology. IT wants to deploy the latest technology along with the best financial solution to improve the business efficiency and exceed the customer’s expectation. The bank wants to exceed and enlarge globally. The bank aims to serve the different section of the society. The main aim of the bank is to touch as many lives as they can with their world class financial solutions and make them the part of the banking system.

The mission of the bank is to be the most trusted and preferred banks in India. It is striving hard to become one of the greener banks in India. The workforce of the bank is proactive, professional and hardworking which are trying to incorporate the best and latest technology to enhance the wealth and values of the stakeholders. The bank continues to work with dedication, ethics, and transparency to be able to provide the best financial advice and solutions as well as continue the nation building through the corporate and infrastructure financing.

Address of IDBI Bank Branches in Indore

Branch NameAddressIFSC CodeMICRContact Details
IndoreAlankar Chambers, Ratlam Kothi , A.B.RoadIBKL00000014522590020731-510602-06
Jawahar MargPitru Chhaya, Plot No 111, Jawahar Marg, IndoreIBKL00000644522590050731-2342651 / 50
Indore - Main BranchEDC House, 6th Floor, Dr.atmaram Borkar RoadIBKL0000155452259006(0731)2575902, 2575911, 4066762
Sapna SangeetaPlot No.920, Sapana Sangeeta, Main Road, Khatiwala Tank, Tower Square Indore 452001IBKL0000245452259008022-66908411
Indore (Corporate Banking Branch)Alankar Chambers, Ratlam Kothi, Indore (M.P.), Indore - 452001IBKL0000382452259009098261 95570
Indore9, Pipli Bazar, P B No.2, , Mahavir Marg, , Indore, Pincode - 452004IBKL00005294522590070731-2543524
Indore Samyak ParkThe United Western Bank Ltd., Nehru Park Indore Branch, , Ug 7 - 8, Indraprastha Tower, 6, M.g.road, Indore, Pin code - 452003IBKL00006644522590080731-2434272
CCU, Indore2ND Floor, Alankar Chambers, Ratlam Kothi, A B Road, Indore - 452001IBKL00009834522590007314069029
Sudama Nagar475 Sudama Nagar , Near Sethi GateIBKL0001040IBKL00010409826048538
Retail Asset IndoreRetail Asset Centre , I Floor Alankar Chambers , Ratlam Kothi, Geeta Bhavan Square , Ab Road, Indore , MP 452001IBKL0000808NON-MICR9752027143
Goyal Nagar , IndorePlot No 465 , Goyal Nagar , Near Shakuntala Hospital , Ring Road Service Lane , Indore , M.P.-452012IBKL0001321452259011
Sanwer BranchJo Oopp Khelwi HmshlIBKL0001857452259501220158
Nagrik Sahakari Bank Ltd13, Netaji Subhash Marg, Indore-452007IBKL0001NSB4522830002531594
Airport Road11, Vyanktesh Nagar, Airport Road, Indore, M P 452002IBKL00020414522590129752750766
Shramik Nagrik Sahakari Bank Ltd.123 Devi Ahilya Marg Shram Shivir Indore M.P Pin Code 452003IBKL0001SNS4525560002534604

Products Offered by the IDBI Bank in Indore

The are whole array of products given by the IDBI bank which has been modified and designed so that it caters the needs and requirement of the masses. The products include the home loan, personal loan, education loan, loan against property, fixed deposit etc. The products are offered by the bank to meet the financial needs and requirements of the people to fulfill their goals and wishes or to meet the emergency.

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 Indore 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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