IndusInd Bank Indore

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About IndusInd Bank

The IndusInd bank has been set up in the year 1994 and it was inaugurated by then finance minister Sh. Manmohan Singh. The bank has been established with the capital money of 1000 million in which around 600 million was raised by Indian residents and the rest 400 million was raised by the Non- Resident Indian. The bank also enjoys the clearing status for the major stock exchange and major commodity exchange. The bank is constantly growing and achieving the milestones to be one of the major key players in the banking sector. It also has been awarded the ’ Best Bank of the Year in 2015 by the Business India. It has specialized in the Retail Banking.

The IndusInd bank is the name that has been taken from one of the most known and ancient civilizations of the world namely the Indus valley civilization. The bank is the mixture of innovation and business similar to that of the civilization which was advanced and specialized in the trade and business matters. The aim of the bank is to provide the quality service to the customer and has the main focus on the customer responsive. Its main aim is to add the constant value and profit to the clients. The objective is to be the best in class and double the number of branches, clients, and profits. The bank wants to be the best and most preferred banks for its customer.

Address of IndusInd Bank Branches in Indore

Branch Name AddressIFSC Code MICR Contact Details
IndoreIndustry House 15 Agra Mumbai Road, Old Palasia, Indore - 452001INDB00000114522340020731 2542696 / 7 / 8 2539092
Sapna Sangeeta Main Road, IndoreGround Floor, Shubham Corporate, No.27, Patel Nagar, Scheme 31, Traffic Root No.6, 7, Sapna Sangeeta Main Road, Indore, Madhya PradeshINDB00003784522340030731-2760419, 2760420, 2760421, 2760422, 2760423 (FAX) 0731-2760424
Kalod KartalGround Floor, Plot No 87, Anuradha Nagar, Village: Kalod Kartal, Khandwa Road, Bypass Chouraha, Dist: Indore, Madhya Pradesh Pin Code-452 020 INDB0000535NON-MICR7509999025
Shramik Nagarik Sahkari Bank, Indore123, Devi Ahilya Marg, Shram Shivir, Jail Road, Indore - 452003INDB0SNSB014525560020731-2534604 0731-2534604
AsrawatbujuragGr Flr Asrawatbujurag Nemawal Rd Post Dhudia Teh District Indore Madhya Pradesh 452 016INDB0000623NON-MICR7509333360
AsravadkhurdGr Flr Plot 4 Gram Asrawe Khurd Tehsil Dist Indore 452020 Madhya PradeshINDB0000626NON-MICR7581810169
UmrikhedaGr Flr Near 28 K Toll Naka Gram Umrikheda Tehsil Dist Indore Madhya Pradesh 452007INDB0000627NON-MICR7581810168
BilawaliGr Flr Plot 63 Ganesh Nagar Gram Bilawali Tehsil Dist Indore 452020 Madhya PradeshINDB0000628NON-MICR7581810170
SanawadiyaGr Flr Survey 2 1 Paiki Gram Sanwariya Tehsil Dist Indore Madhya Pradesh 452016INDB0000630NON-MICR7509333315
Y N RoadGr Floor Shirish Chambers Plot No 25 1 Yashwant Niwas Road Y N Road Shivshakti Nagar Indore 452 003 MPINDB00008504522340129993200003
Cloth MarketGr And 1st Floor Plot No 31 Sir Hukumchand Marg Itwariya Bazar Near Shish Mahal Cloth Market Indore 452 002 MPINDB00008514522340119303227840
Annapurna Road IndoreGround Floor 5a Bhawanipur Colony Annapurna Main Road Indore 452009 Madhya PradeshINDB0000871452234013262149
Vijay Nagar IndoreGround Floor Dhan Trident Pu 4 Block No B3 Ab Road Satya Sai Square Vijay Nagar Indore 452010 MPINDB0000878452234014235276
Siyaganj IndoreUpper Ground Floor Prem Trade Centre Shop No 5 8 Maharani Road Siyaganj Indore 452007 MPINDB00008794522340152534231
Kankariya PalGround Floor Village Kankariya Pal Panchayat Sanwer Teh Hatod Dist Indore 453551 MPINDB00009074522340179111944636

Products Offered by the IndusInd Bank in Indore

The IndusInd bank has innovated many facilities that can are customer friendly. The bank has so much stored in their financial kit. The products they offer includes home loan, personal loan, car loan, gold loan, etc. The customer services include the first of my account my number, video branch etc facilities which have made the banking experience more enjoyable and easy.

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% - 8.55%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 Indore 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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