IDBI Bank Mumbai

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About IDBI Bank

IDBI Bank is one of the newly formed banks which was introduced in the banking sector in the year 2004 and it was a former development financing institution. It was merged with United Western Bank in the year 2006 and the name of the bank was changed to IDBI Bank Ltd. in the year 2008. The bank was previously funding the projects to improve the industrial set up and the infrastructure of the country. The parent company was set up in the year 1964 to develop the backward areas by promoting the corporates and other to set up the industry and develop the area. The establishment of the company in the banking sector was done and the bank has the gamut of banking facilities and the services to help the customer in offering them the best and apt financial solution.

The bank wants to include the best and the latest technology so that the banking experience of the customer can be hassle free and enjoyable. The bank along with the cutting edge technology and it’s dynamic, as well as the professional work force, tries to reach the larger section of the society and serve them by offering the best financial advice and solution. The bank aims to achieve the global expansion and set the example in the corporate governance by maintaining its work in the ethical, responsible and transparent manner. The bank wants to improve and enhance the individual lives along with the continuation in providing the finances to the corporate and other projects.

Address of IDBI Bank Branches in Mumbai

Branch Name AddressIFSC Code MICR Contact Details
Nariman PointMittal Tower, C Wing, Gr.floor, Nariman Point,IBKL0000004400259002022-2824057, 65
KharDharmi Niwas , Plot N0.77 R.K.Mission Marg , KharIBKL0000014400259003022-6001327-29
ChemburShop 12 - 16, Sunny Estate Ii, Sion Trombay Road, Chembur,IBKL0000018400259005022-2529 1112/1086
Warden RoadTirupati Apartments Bhulabhai Desai RoadIBKL0000019400259004022-56578354-55
PrabhadeviKohinoor Bldg , Veer Savarkar Marg , PrabhadeviIBKL0000026400259007022-4222863/3093
GhatkoparShop No.2 , Gr. Floor , Vallabh Vihar Mg.road , Ghatkopar EastIBKL0000033400259008022-5023801/02
AndheriMarigold House, Plot No.a - 34, Cross Road No.2, Marol, Midc, Andheri(E)IBKL0000039400259009022-8368218/8239
TalojaIndal Compound Plot No 2 , Midc, TalojaIBKL0000047400259010022-7401582/83
BorivaliKaustubh Park, Next To Bhagwati Hospital, Mandapeshwar Road, Borivali (W)IBKL00000594002590118946653/85
Retail AssetsTribhuvan Building, Vijay Vallabh Chowk Pydhonie, 1/3, Kalbadevi RoadIBKL000009640025901866977800
KalbadeviPai Restaurant, Corner Of College Rd & Samadevi RdIBKL0000100400259012022-23451358 / 23472969 / 32511711
VashiHaldia Dock Complex ChiranjibpurIBKL0000123400259015022-27800254/ 55/ 56.
MaladIDBI Towers, Ground Floor, WTC Complex , Cuffe ParadeIBKL000012540025901656552469/22163252
Main Branch - MumbaiIndian Red Cross Society Building 1, Red Cross Road, Post Box No.231IBKL0000126400259017022-56553355
VersovaNew Cosmos Chs, Main Sai Rd Juhu VersovaIBKL0000162400259019022-26256741/42/43.
Nana ChowkGround Floor, Kailash Darshan Building, Shankar Sheth Road, Kennedy Bridge, Nana Chowk, MumbaiIBKL0000166400259069022-23816075-76-77
Andheri (west)1ST Floor, Gopi Chambers, New Link Road, Opposite Citimall, Andheri (west), Mumbai - 400053 .IBKL0000174400259051022-26731552/53/54/55
Vile Parle (W)185, A, Bhavana Apts, S.V. Road, Opp GTC Factory, Vile Parle ( West ) Mumbai - 400056IBKL0000181400259028022-26701320/21/22
BelapurIDBI Building, Plot No 39/40/41, Sector 11, Cbd - Belapur, Navi - Mumbai - 400614 , MaharashtraIBKL0000183400259023022-56119631 / 27576763

Products Offered by the IDBI Bank in Mumbai

The city of Mumbai is always on the go and it never stops. Being one of the busiest city in India it is the commercial capital of the country as well. The city always needs the funds for the financial stability. The financial kit provided by IDBI Bank has catered the requirements of the people and is transforming the dreams into reality. It has a wide range of the products that help the customer to fulfill their needs. The home loan, personal loan, fixed deposit, education loan etc are the name of the few products offered by the bank.

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
8.30% - 11.30%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 lakh 12.49% - 13.49%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

9.90% - 9.95%

NilFor 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
HUF
Partnership Firm
A company
Association or any other Institution
Minimum - ₹ 1,000
Maximum - No predetermined limit
4.25% - 7.25%15 days - 10 years

7 days - 14 days only on single deposit of ₹ 5 lakhs & above

Documents Required

The documents required by IDBI Bank Mumbai 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.
Co-obligation
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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