Urban Money

Indian bank

Indian bank
4.5

A prominent nationalised bank is Indian Bank. The Indian government's Ministry of Finance is the owner of it. Its headquarters are in Chennai, India, and it was founded in 1907.

OTP Send

Enter 6 Digit OTP

We have just sent a verificaton code to
Mobile XXXXX

Check Indian bank Loan Eligibility

+91
Choose City
bt svg
Urban Money

Loans offered by Indian bank

Indian bank LoansInterest RateProcessing FeeLoan Amount/Tenure
Personal Loan

9.2%

Up to 1%

-

Tenure(Up to 7 Years)

Know More
Home Loan

6.5% - 7.4%

Up to 1%

Up to ₹75L

Tenure(Up to 30 Years)

Know More

Features and Benefits of Indian Bank

Indian Bank is highly known for its savings account and great customer service. The following are some noteworthy qualities and advantages that Indian Bank provides:

  • The bank gives an alluring interest rate on its products and services, whether you choose loans, deposits, or anything else. These attractive interest rates are comparatively better than other products available in the market. 
  • There is minimal documentation required to apply for loans and open deposit accounts if you already have a savings account with the bank.
  • Another benefit is fast loan disbursal. Indian Bank is well-known for its lightning-fast loan processing and disbursement. Applicants merely need to make sure they have the necessary paperwork on hand.
  • The bank gives its clients access to a number of government programmes, including the Sukanya Samriddhi Scheme, National Pension Scheme (NPS), Pension Accounts, and Senior Citizen Savings Program among others.
  • Indian banks offer flexible loan payback terms for up to 10 years, so you can select the repayment period that best meets your needs. This flexibility has carried the bank a long way.

Indian Bank Overview

Indian Bank is a paramount nationalized bank managed by the Ministry of Finance. Established in 1907, Indian Bank's headquarter is located in Chennai, India.

It is one of the best-performing public sector banks in India well known for offering top-notch banking services through 5,721 bank branches, 5,428 ATMs, and cash deposit machines. In total, 39,734 Indian bank employees serve over 100 million customers. The bank's total revenue as of the end of March 2022 was INR 1,010,000 crore ($130 billion). The information systems and security practices have achieved certification demonstrating their adherence to ISO27001:2013. Indian bank currently serves 75 countries including Singapore, Colombo, Jaffna, and Colombo. Additionally, it has 227 foreign correspondent banks.

On April 1, 2020, the Allahabad Bank and Indian Bank were merged, making Indian Bank the seventh-largest bank in the nation.

Products and Services Offered by Indian Bank

Indian Bank offers the best products and services. The bank has designed its products and services to assist customers by making banking easy and convenient. The products and services offered by the bank are:

Loan Products

In a loan, a certain amount of money is given to another person in exchange for the value or main amount being repaid at a later date. The loan products offered by Indian Bank are:

  • Agriculture
  • Groups
  • Personal or individuals
  • MSME
  • Corporate
  • Education
  • NRI
  • 59 minutes Loan

Deposit Products

Deposit products are a diverse group of financial products that allow customers to deposit money to a financial institution in cash or digital form and perhaps receive interest in exchange. The returns are based on the type of deposit and investment tenure. The deposit products offered by Indian Bank are:

  • Savings Account
  • Current Account
  • Fixed Deposit or Term Deposit
  • Non-Resident Individuals (NRIs) Account

Digital Products

All traditional banking services, procedures, and operations are being digitalised in order to provide the best possible banking experience to clients through internet channels. The digital products offered by Indian Bank are:

  • IndOASIS
  • Internet banking
  • Ind QwikCollect
  • NETC FASTag
  • Debit Cards
  • Credit Cards
  • SMS Banking/ Missed Call Service
  • e - Shopping
  • Mutual Funds, IPO, Demat & Trading

Merchant Digital Products

Merchant digital products are products that allow fluent transactions and are mainly used by businesses. The merchant digital products offered by Indian Bank are:

  • Point of Sale (PoS)
  • Merchant UPI QR Code
  • BHIM Aadhaar Pay
  • Online Collection Products

Indian Bank Corporate office Details with Contact numbers and Email ID

Get in touch with the Indian Bank officials through the mentioned details:

Corporate Office Details

  • Address: PB No: 5555, 254 - 260, Avvai Shanmugam Salai, Near Royapettah, Chennai , Pin Code:  600 014
  • Contact Number: (+91) 044 28134300
  • National Helpline Number: (+91) 1800 425 00 000

Head Office

  • Address: 66 Rajaji Salai, P B No 1384, Chennai - India
  • FAX: 91-44-25231278
  • Phone Number: 91-44-25233231/25231253/25231254
  • Email ID: Ibinvestorrelations@Indianbank.co

Quick Contacts

A person can contact Indian Bank at the following details for any enquiries. These contacts are available 24x7 for 365 days.

Type of Facility Contact Number Type of Service
Missed Call Enquiry For Balance Enquiry (+91) 8108781085 (+91) 9289592895 Call Service Missed for Balance Inquiry The mobile number registered for the consumer will get SMS messages.
SMS Number For Loan Request (+91) 56677 for IBHL, IBVL and IBML IBHL: Request For Housing Finance IBML: Request For Mortgage Loan IBVL: Request For Vehicle Loan  

FAQs

From refinancing to reducing your interest, we have the answers right here.

Is Indian Bank a Government bank?

Yes, Indian Bank is a government bank. In 1978, the Government of India took ownership of the Indian bank.

What is the minimum account balance in an Indian Bank?

The required minimum account balance in Indian Bank is INR 500 for the ones who have not opted for the cheque facility and INR 1000 for the ones who have opted for the cheque facility.

Is Indian Bank a good bank?

The customer service offered by the Indian bank is highly appreciated. The rate of interest offered on the Indian bank fixed deposit ranges between 2.80% – 5.60%. Indian bank is a government bank that works for the betterment of its customers.

What are the benefits of the Indian Bank?

The Indian bank has various benefits like – zero charge on mobile and net banking, no minimum balance has to be maintained in the account, and closing of account does not require any fees to be paid.

What are the charges in Indian Bank?

ATM transactions are free in the Indian bank. NEFT transactions are free up to INR 1 lakh, and INR 12 is charged on INR 1 lakh – 2 lakhs. RTGS transactions charge INR 25 + taxes on amounts between INR 2 – 5 lakhs and INR 50 + taxes are charged on the amount above INR 5 lakhs.

How many transactions are free in the Indian Bank?

Three transactions are free in the Indian bank as per the guidelines of the Reserve Bank of India.

Get your latest Credit Score, FREE

Guide

Get in-depth knowledge about all things related to loans and your finances

Top10 Best Bank for Home Loan In 2023
Tushar GautamJan 27, 2023

Top10 Best Bank for Home Loan In 2023

We have compiled a list of the best banks for home loan in India 2023 based on the home loan value it offers to the borrower. These banks offer a variety of home loan programs with numerous advantages and

Read More
Top 10 Fuel Credit Cards in India 2023 : Why You Must Get One?
Khushboo PriyaJan 25, 2023

Top 10 Fuel Credit Cards in India 2023 : Why You Must Get One?

If there’s something that has increased every year, it is fuel prices in India. We can’t deny that automobiles are an integral fragment of modern day-to-day life, making fuel expenses inevitable. While using credit ca

Read More
Expectations from Union Budget 2023-24
Chitra ChaudharyJan 24, 2023

Expectations from Union Budget 2023-24

Every year at this time, we look forward to the Honourable Finance Minister rising to present the Union Budget. The current finance minister is undoubtedly making a difference, even if most finance ministers leave the

Read More