IndusInd Bank Hyderabad
Last Updated : Sept. 5, 2018, 3:22 p.m.
About IndusInd Bank
The IndusInd bank is one of the trusted and leading private sector banks in India. The bank was set up in the year 1994 and is one of the new generation banks of the country. The bank has achieved so many milestones in a short tenure of existence. It got the award for the ‘Bank of the Year 2015’ by the Business India. The name of the bank has been influenced by the ancient Indus valley civilization which was a unique combination of the innovation as well as trade and business practices. The bank also has the same goal that is to innovate the products and services that can improve the quality of facilities.
The bank has the vision to double its branches, profit, and client within three years of time. The bank wants to deliver the sustainability and compliant returns. The bank has the focus in the spreading its branches and has opened three foreign representative branches in London, Dubai, and Abu Dhabi. The total number of branches in India is more than 1000 and there are 1,800 ATM throughout the country. It is trying to spread its network using the advanced and latest technology to improve the process and system. The dynamic workforce works constantly to deal with the clients and give them the solutions to their financial needs. The bank also enjoys the clearing status for both major stock exchange and major commodity exchange. The main aim of the bank is to be the relevant partner in terms of business to its client and add the value and money to its stakeholder.
Address of IndusInd Bank Branches in Hyderabad
| Branch Name | Address | IFSC Code | MICR | Contact Details |
|---|---|---|---|---|
| Secunderabad | 1 - 8 - 448, Sardar Patel Rd. Begumpet, Secunderabad – 500003 | INDB0000004 | 500234002 | 040 27907660 / 64 / 65, 55326221 27907673 |
| Banjara Hills | 8 - 2 - 541, Meridian School Road, Road No. 7, Banjara Hills, Secunderabad – 500034 | INDB0000504 | 500234002 | 040 23354567 / 8 23354567 |
| Miyapur | Upper Ground Floor, H. No. 1 - 248, Miyapur, Bollaram Cross Road, Hyderabad 500 052 | INDB0000289 | 500234010 | 040-23041632, 23041690 |
| Karkhana | Grd Flr, #3/1/101, Moti Valley, Next To Devi Shetty Hospital, Tirumalgiri, Karkhana, Secunderabad 500 009. | INDB0000290 | 500234007 | 040 - 27742025 / 26 / 27 |
| Somajiguda | Ground Floor, 6 - 3 - 1239/2, Amar, Raj - Bhavan Road, Somajiguda, Hyderabad - 500 082 | INDB0000320 | 500234008 | 040-23312980 - 85 |
| Tolichowki, Hyderabad | Ground Floor, Golden Chambers, Old Mumbai Highway, Opp.ioc, Toli Chowki, Hyderabad- 500 008, Andhra Pradesh | INDB0000356 | 500234011 | 1860 500 5004 |
| Kukatpally Hyderabad | Bhagyanagar Complex, H.no 12 6 11 By 4, Sy.no.581, Main Road, Kukatpally, Hyderabad 500 072, Ap | INDB0000569 | 500234013 | 65080150 |
| A S Rao Nagar Hyderabad | Grd Flr Gayatri Arcade No 5 Thyagaraya Nagar A S Rao Nagar Kapra Hyderabad 500062 Telangana | INDB0000740 | 500234015 | 27135526 |
Products Offered by the IndusInd Bank in Hyderabad
The IndusInd bank is one of the private sector banks that has started with many new services which is really helpful to the customers. The services like my account my number, cash on mobile etc. are the innovation of the bank. The bank provides the products including the home loan, personal loan, car loan, fixed deposits etc.
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 Hyderabad 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. |
