IndusInd Bank Ahmedabad

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About IndusInd Bank

IndusInd bank is one of the new generation banks that has been set up in the year 1994. The bank was inaugurated by then finance minister Sh. Manmohan Singh. The bank was started with the capital amount of ₹1,000 million in which around 600 million was contributed by the Indian resident while the other 400 million was raised by the Non-Resident Indians. The name of the bank is taken from the ancient Indus valley civilization. So, it is the amalgamation of the innovation and trade and commerce to deliver the best in the class solution. The bank has grown rapidly and dynamically since its formation and is relentlessly striving to make the banking experience of the people different and delightful.

The bank is the clearing bank for first commodities clearing corporation of India. It has set up 1004 branches in India and is still spreading its network in the country. It also has the representative offices in Dubai, London, and Abu Dhabi. The aim of the bank is to enhance and grow the value as well as the money of the client and stakeholders. The bank has been awarded as the ‘Best bank 2015’ by Business India. The bank wants to establish the best customer responsive by providing the best solutions to the banking need to its customer. The bank wants to be at the apex in terms of the profitability, productivity and business efficiency. The role of the dynamic, professional and proactive workforce along with the new age technology is very important in the growth of the bank. It is striving hard to come up with innovative ideas and expand its global presence to become the best and most trusted bank.

Address of IndusInd Bank Branches in Ahmedabad

Branch Name AddressIFSC Code MICR Contact Details 
AhmedabadWorld Business House, M. G. Road Nr. Parimal Garden, Ellis Bridge Ahmedabad - 380015INDB0000009380234002079 26426104 - 8 26560401
ManinagarShant Prabha Height, Opp. Vallabh Wadi, Rambagh Jawahar Chowk, Maninagar, Ahmedabad - 380 008INDB0000175380234004079 - 25440181-5
Prahlad Nagar, AhmedabadGround Floor; Shop No 1 Suman Ii, Opp. Reliance Petrol Pump, 100 Ft Road, Prahladnagar Road, Satellite, Ahmedabad - 380051INDB0000330380234006079 - 2693 7872 / 93
Shri Vinayak Sahakari Bank Ltd.406/6, Mangaldas House, Opp. Kabutar Khana, Chokha Bazar, Kalupur, Ahmedabad-380002INDB0SVSB013802342529687697593
Ashram RoadPlot No 122 Ambika Niwas Ashram Road Opp Bata House Ahmedabad 380 009 GujaratINDB00006223802340117930618000
Shyamal Cross RoadGr Flr Shangrila Arcade Shop No 1 & 2 100ft Road Shyamal Cross Road Satellite Ahmedabad 380015 GujaratINDB0000665380234008079-26769961/62
OdhavGr Flr Mangalam Arcade Shop No 25& 26 Opp Odhav Talav Odhav Brts Road Odhav Ahmedabad 382415 GujaratINDB000066638023401079-29297019/21/26/25
C.G. RoadGr Flr 5/1-6 Shukun Business Centre Swastik Char Rasta Off Cg Rd Navrangpura Ahmedabad 380009 GujaratINDB0000667380234009079-26409971/72/73/74/75
NikolGround Floor Palm Arcade Shop No 1to3 Sukan Bunglow Char Rasta New Nikol Ahmedabad 382350 GujaratINDB000070638023401279-29092021/23
Vijay Cross RoadG4 Grd Flr GCP Business Centre Near Vijay Cross Road Navrangpura Ahmedabad 380009 GujaratINDB000067838023401826409871
Nehru Nagar AhmedabadGrd Flr Shop No 4 Abhishree Avenue Nandanvan CHS Ltd Nehru Nagar Ambawadi Ahmedabad 380006 GujaratINDB000072038023401526409701
Science City Road AhmedabadGrd Flr Saptak Corporate House Gf 1 A Sukan Mall Science City Road Ahmedabad 380060 GujaratINDB000072138023401427712791
Chandkheda AhmedabadGround Floor Shop No 1 2 3 4 Aaron Elegance New C G Road Chandkheda Ahmedabad 382424INDB000072638023401629299052
Ghodasar AhmedabadShop No 1 2 3 Grd Flr Kansas Isanpur Ghodasar Link Road Ghodasar Ahmedabad 380050 GujaratINDB000072738023401925832521
Naroda AhmedabadGround Floor Shop Nos 32 To 37 Neelkanth Paradise Plot No 34 Naroda Ahmedabad 382220 GUJARATINDB000075238023402022811206
Shahibaug AhmedabadGrd Flr Shop No 10 Advance Business Park Block A Shahibaug Ahmedabad 380004 GujaratINDB000088038023402225621058
Paldi Cross Road AhmedabadGround Floor Shop No 2 3 Gagandeep Paldi Cross Road Paldi Ahmedabad 380007 GujaratINDB000093538023402326577510

Products Offered by the IndusInd Bank in Ahmedabad

IndusInd bank offers all kind of products and services for its client to fulfill their banking and financial needs and aspirations. The bank has the long array of products including the loans, insurance, deposits, investments etc to name a few. The loan products include all types of loan like the home loan, personal loan, car loan, gold loan etc.

Basic details about IndusInd Bank products

ProductEligibilityLoan AmountInterest RateProcessing FeeTenure
Home LoanThe age of the applicant should be between 21 - 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
Depend upon the individual's income and profile.8.35% - 8.95%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 - 60 years ( for the salaried individual) and 25-65 (for the self- employed professional or businessman)


The minimum net salary should not be less than ₹ 25,000 per month for the salaried Individual
For the self- employed businessmen or professionals the minimum annual net income should be ₹ 4.8 lakh for last 2 years.

The salaried individual should have the minimum experience of 2 years in the job and at least 1 year at the current organisation.
For the self employed professionals the minimum work experience should be at least 4 years and at least 5 years of work experience post qualification for the self- employed businessman.

For the salaried individuals- You should at least have 1 year stay at the current residence.
Minimum of ₹50,000 Up to maximum of ₹ 15 lakh

12.99% - 20.00%

2.50% of the loan amountUp to 5 years
Car LoanEligible Segments - Individuals, professionals, reputed firms and companies

The age of the applicant should be between 21- 60 years for salaried individuals and 21- 65 years for self- employed.

Minimum annual gross salary of the individuals should ₹ 2.50 lakh for salaried individual and minimum net profit for the self- employed should be ₹ 2 lakh.

The salaried individuals Should have minimum work experience of 3 years and at least 1 year with the current employer.
The self- employed should have the minimum experience of 3 year in the current business or professions.

The applicant must have the residential stability. The minimum stay in the city should be at least 3 years and minimum stay of 1 year in the current residing house.
The CIBIL score should be 600 and above. Should not have negative or caution profile.
85% of the showroom value.

Depend on the income and profile of the applicant.
As per bank's guidelinesNilFor new vehicles - 3 years
Loan Against PropertyEligible Segments - Individuals, professionals, reputed firms and companies, closely held public limited company.

Should be of age between 21- 70 years

Any individual filing the income tax returns can apply.
As per the individual income and the property evaluation 10.35%- 14.10% p.a.2% of the loan amountUp to 15 years
Gold Loan Any individual between 21 to 70 years

Should own the gold.
Up to ₹ 6 lakh11.65%- 15.35% p.a.2% of the loan amountFrom 3 to 12 months
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
3.50% - 7.35%15 days - 10 years

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

Documents Required

The documents required for the different products by IndusInd Bank Ahmedabad are mentioned in the table below:

ProductsDocuments Required
Home LoanLoan Application with passport size photograph 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.
Signature proof- Passport/ PAN Card
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
Last 3 months Salary Certificate and Form No.16/ITR for last 3 years (in case of salaried persons)
IT Returns filed for the past three years (in case of non-salaried persons)
Educational qualification certificate and the Proof of business existence (in case of self-employed businessmen or professionals)
Balance Sheet and P&L Account for the past three years (in case of self-employed businessmen or professionals)
Personal LoanLoan Application with 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 3 months Salary Certificate and Form No.16 ( for the salaried individual) ITR/ITAO along with computation of income, B/S, P&L account with all scheduled certificate by the CA for last 2 years ( For the self- employed)
Bank statement: For salaried individuals: Last 3 months bank statement (where salary is credited) For the self- employed: latest 6 months bank statement/ passbook (current account)
For the self- employed: Proof of Qualification, Proof of continuity of business or profession.
Car Loan1 passport size photograph
Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible and self attested)
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)
Business Proof: CST Certificate/ Labour act, Shop establishment act/ssi certificate, Proof of ownership of entity, Rental deed/ Utility deed in the name of the company.
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.
Signature Proof: Passport/ PAN Card.
Income proof: Last 3 month salary slip or salary certificate and ITR/ Form-16/ Appointment letter ( for the salaried individual)
Last 2 years income tax returns and complete business profile and acknowledgement. Last 2 years financial with full schedules and audits by the certified CA.
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 of the property that you wish to mortgage for loan.
Gold LoanIdentity proof
Residence proof
Photographs
Signature proof
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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Personal Loan Interest Rates November 2017
Bajaj Finserv 11.99% - 15.50%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
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Home Loan Interest Rates November 2017
State Bank of India/SBI 8.30% - 8.60%
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Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
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