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 Name | Address | IFSC Code | MICR | Contact Details | |||
|---|---|---|---|---|---|---|---|
| Indore | Alankar Chambers, Ratlam Kothi , A.B.Road | IBKL0000001 | 452259002 | 0731-510602-06 | |||
| Jawahar Marg | Pitru Chhaya, Plot No 111, Jawahar Marg, Indore | IBKL0000064 | 452259005 | 0731-2342651 / 50 | |||
| Indore - Main Branch | EDC House, 6th Floor, Dr.atmaram Borkar Road | IBKL0000155 | 452259006 | (0731)2575902, 2575911, 4066762 | |||
| Sapna Sangeeta | Plot No.920, Sapana Sangeeta, Main Road, Khatiwala Tank, Tower Square Indore 452001 | IBKL0000245 | 452259008 | 022-66908411 | |||
| Indore (Corporate Banking Branch) | Alankar Chambers, Ratlam Kothi, Indore (M.P.), Indore - 452001 | IBKL0000382 | 452259009 | 098261 95570 | |||
| Indore | 9, Pipli Bazar, P B No.2, , Mahavir Marg, , Indore, Pincode - 452004 | IBKL0000529 | 452259007 | 0731-2543524 | |||
| Indore Samyak Park | The United Western Bank Ltd., Nehru Park Indore Branch, , Ug 7 - 8, Indraprastha Tower, 6, M.g.road, Indore, Pin code - 452003 | IBKL0000664 | 452259008 | 0731-2434272 | |||
| CCU, Indore | 2ND Floor, Alankar Chambers, Ratlam Kothi, A B Road, Indore - 452001 | IBKL0000983 | 452259000 | 7314069029 | |||
| Sudama Nagar | 475 Sudama Nagar , Near Sethi Gate | IBKL0001040 | IBKL0001040 | 9826048538 | |||
| Retail Asset Indore | Retail Asset Centre , I Floor Alankar Chambers , Ratlam Kothi, Geeta Bhavan Square , Ab Road, Indore , MP 452001 | IBKL0000808 | NON-MICR | 9752027143 | |||
| Goyal Nagar , Indore | Plot No 465 , Goyal Nagar , Near Shakuntala Hospital , Ring Road Service Lane , Indore , M.P.-452012 | IBKL0001321 | 452259011 | ||||
| Sanwer Branch | Jo Oopp Khelwi Hmshl | IBKL0001857 | 452259501 | 220158 | |||
| Nagrik Sahakari Bank Ltd | 13, Netaji Subhash Marg, Indore-452007 | IBKL0001NSB | 452283000 | 2531594 | |||
| Airport Road | 11, Vyanktesh Nagar, Airport Road, Indore, M P 452002 | IBKL0002041 | 452259012 | 9752750766 | |||
| Shramik Nagrik Sahakari Bank Ltd. | 123 Devi Ahilya Marg Shram Shivir Indore M.P Pin Code 452003 | IBKL0001SNS | 452556000 | 2534604 |
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
| 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 Indore 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. |
