IndusInd Bank Chandigarh
Last Updated : Feb. 18, 2017, 11:15 a.m.
About IndusInd Bank
The IndusInd bank is one of the leading private sector banks. It was set up in the year 1994 and it was inaugurated by then prime minister Sh. Manmohan Singh. The bank has now established with its headquarter in the city of Mumbai. The bank has widely spread its network in the country and currently has 1000 branches and 1,800 ATM throughout. The bank was established by the joint efforts of the Indian residents and the Non- Resident Indians (NRI). It has set up with the capital money of ₹ 1000 million which was raised by both the NRIs and Indians. About the value of approx ₹ 600 million was raised by the Indian counterparts whereas the other ₹ 400 million was raised by the NRIs. The bank has three international representative offices in Dubai, Abu Dhabi, and London respectively.
The name of the bank IndusInd is inspired by the ancient and one of the most advanced cultures named the Indus valley civilization. The bank similarly aims to be one of the most advanced and progressive along with generating good trade and commerce for itself. The bank aims to provide the quality service to the clients and expand its global presence. It wants to enhance the profit, productivity, and efficiency to make it at par with the world standards. The mission of the bank is to double its presence among the people by doubling the number of branches, customer, and profit. It wants to enhance and upgrade the value as well as money of its clients and stakeholders. It wants to become one of the relevant partners of the people and stakeholders associated with them.
Address of IndusInd Bank Branches in Chandigarh
| Branch Name | Address | IFSC Code | MICR | Contact Details | |
|---|---|---|---|---|---|
| Chandigarh | S.C.O. NO.53 - 54, Sector 8 - C, Madhya Marg Chandigarh - 160018 . | INDB0000014 | 160234002 | 0172 2541651 / 655 2541657 | |
| Chandigarh Sec. 35 | SCO - 359 - 360, Sec 35 - B, Chandigarh - 160035 | INDB0000318 | 160234007 | 0172-5002359 | |
| Chandigarh Sector 27 | Ground First And Second Floor Sco 27 Sector 27 C Chandigarh 160019 | INDB0000596 | 160234017 | 4946402 | |
| Chandigarh Sector 16 D | Ground First And Second Floor Sco 20 Sector 16 D Chandigarh 160015 | INDB0000597 | 160234016 | 5174001 | |
| Sector 32 Chandigarh | Sco No- 62, Ground, First & Second Floor, Sec- 32-c, Chandigarh-160031 | INDB0000618 | 160234018 | 1724979600 | |
| Sector 47 Chandigarh | Ground And First And Second Floor Sco No 95 Sector 47 D Chandigarh 160047 | INDB0000669 | 160234024 | 5015260 | |
| Industrial Area Chandigarh | Ground Floor The Statement Plot No 149 Industrial Area Phase 1 Chandigarh 160002 | INDB0000679 | 160234025 | 4605483 | |
| Sector 40 Chandigarh | Ground Floor Sco 224 225 Basement Of Sco 224 Sec 40 D Chandigarh 160036 | INDB0000743 | 160234027 | 4651351 | |
| Sector 22 Chandigarh | Ground Floor Sco No 1100 1101 Sector 22 B Chandigarh 160022 | INDB0000789 | 160243028 | 4008667 | |
| Sector 20 D Chandigarh | Ground First And Second Floor Sco No 1 Sector 20 D Chandigarh 160020 | INDB0000826 | 160234029 | 2546021 | |
| Sector Thirty Eight Chandigarh | Ground And Basement Floor Sco 301 302 Sector 38d Chandigarh 160038 | INDB0000835 | 160234030 | 4965199 |
Products Offered by the IndusInd Bank in Chandigarh
The IndusInd bank has the wide variety of products that are designed to help and assist the financial need of the customer. The products and services offered are at par with the world standard and it also offers the other financial services like the video branch, insurance, investments check on the cheque, my account my number etc. The financial products that are available with the bank include the home loan, car loan, personal loan, loan against property, fixed deposits etc. This all allows them to present the whole financial kit which they present to the customer when they need the financial solutions .
Basic details about IndusInd Bank products
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | The 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. | 8.40% - 9.75% | 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 - 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 | 10.25% - 26.00% | 2.50% of the loan amount | Up to 5 years |
| Car Loan | Eligible 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 guidelines | Nil | For new vehicles - 3 years |
| Loan Against Property | Eligible 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 amount | Up to 15 years |
| Gold Loan | Any individual between 21 to 70 years Should own the gold. | Up to ₹ 6 lakh | 11.65%- 15.35% p.a. | 2% of the loan amount | From 3 to 12 months |
| 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 | 2.50% - 6.00% | 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 Chandigarh are mentioned in the table below:
| Products | Documents Required |
|---|---|
| Home Loan | Loan 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 Loan | Loan 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 Loan | 1 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 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. 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 Loan | Identity proof Residence proof Photographs Signature proof |
| 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. |