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|Indian Bank is one of India's principal government owned public sector commercial bank. The history of the bank dates back to early 20th Century. Indian bank was constituted on 15th August 1907 during the famous 'Swadeshi Movement' and was established as a nationalized bank only on 19th July 1969 together with 16 other leading banks. The bank has its head office in Chennai in Southern India. Indian Bank has a large branch network of around 1657 Indian Bank branches spread across India. The bank has a strength of over 22000 hard working employees. Indian Bank marks its global presence with its overseas branches in prominent international cities like - Colombo, Singapore and has over 240 associated foreign banks in 70 countries.
Indian Bank has 3 subordinate companies providing unique financial products and services:
Indbank Merchant Banking Services Ltd. - United in 1989 as a subsidiary company of Indian Bank, the Indbank provides financial products and services like:
Online Trading - This online trading system enables the e-customers with a safe and secure facility to trade anytime and anywhere without any sort of paper work being involved. This web based service allows the customers to go through the market details, you can see your remaining cash balance and your portfolio information, history of your financial transactions and other details like status of the orders etc.
Share Broking - Indbank is an authorized SEBI member of NSE, BSE, MSE and OTCEI and functions in areas like cash, wholesale debt market segment, derivatives etc.
Merchant Banking - Indbank is registered category 1 member with SEBI and provides pioneer services in assignments like takeover and acquisition of shares, buyback of securities, de-listing the securities etc. along with certain value added services like: syndication of finances, amalgamations and mergers, acquisitions, counseling and project appraisal.
Distribution of Investment Products like Mutual Fund - Indbank is authorized by Association Of Mutual Funds Of India (AMFI) and provides mutual fund along with other investment products and services.
Depository Participant Activities - Registered with National Securities and Depository Limited (NSDL) Indbank is also administered by the Depositories Act 1996, SEBI regulations 1996.
You can acquire more information on Indbank Merchant Banking Services Limited by logging on the company's website.
Indian Bank Association
Indian Bank Mutual Fund and IndFund Management Ltd. - Indian Bank Mutual Fund or IBMF is a trust that was formed in 1990 and was sponsored by Indian Bank with a sum of Rs 25 lakhs. IBMF schemes were controlled during a period of 1990-1994. In order to stick to mutual fund regulations(1993) laid down by SEBI the IndFund Management Ltd.
|with a paid-up capital of Rs 5 crores was formed in January 1994 as an Asset Management Company. For more information on IBMF and IndFund Management Ltd. log on to Indian Bank website and you can also write to Indian Bank, Corporate office in Mumbai.
Specialized banking services
Indian Bank maintains 90 registered branches for Forex services including a specialized branch at Chennai specifically to administer forex transactions emerging out of activities like - export, import, NRI businesses and remittance or money transfer services.
The bank also maintains a specific branch especially to provide loans to the Small Scale Industrial units.
Certain Unique features of Indian Bank profile
Internet Banking and Mobile/Tele Banking services to all the customers availing the Core Banking facility. The bank provides e-payment facility for its customers from the corporate sector. ATM cards issued by Indian Bank can be used in ATMs of all banks as the cards are having a tie-up with Master Card (Maestro). Indian Bank ATM cum Debit card application form can be downloaded from the bank's website. Indian Bank under its 'IB-Swarna Mudra scheme' offering to sell gold coins/bars weighing - 2gms, 4gms, 5gms, 8gms, 10gms, 20gms, 50gms extra. This scheme can be availed as an investment scheme for the future or as a gift item for a special occasions or may be as a part of a corporate gift to provide the employee with an incentive.
Indian Bank Branches
Indian Bank has a broad network of branches all over India catering to a huge number of customers on the basis of their individual banking needs and requirements. Using the online branch locator you can find your nearest Indian Bank branch and avail unparalleled banking services offered by the bank. The bank has its zonal office established in metropolitan centers of the country. There are around 786 Indian Bank connected ATMs in around 260 cities and towns of India and provides a 24x7 assistance service. Using the most advanced banking technologies Indian Bank offers 100% computerized business facility with all the bank branches covered under CBS(Core Banking Solution) system in all the 1657 Indian Bank branches and 61 extension counters. You can utilize the 'anywhere banking' facility at any of the 168 centers of the bank across India.. The bank has its branches in Chennai, Mumbai, Delhi, Bangalore, Hyderabad, Pune, Kolkata, Kerala, Gurgaon, etc.
Indian Bank Online Banking
Indian Bank Online provides various internet banking service in order to provide a host of banking facilities at a click of a mouse button. Using the Indian Bank e-banking service you can pay your income tax online. The bank provides its net savvy customers with a unique login user ID and Password so as to enable them to access their account online. The bank maintains a special website specifically to disseminate its net banking products and services. The online banking facility is available to both the retail customers as personal banking service and the corporate banking service is specifically for the customers from the corporate sector. The bank provides online application form for its various retail and corporate banking services. You can also avail the E-Payment facility offered by Indian Bank. The customers involved in share trading can utilize the online stock trading facility offered by the bank on its website. Indian Bank Online maintains a very user-friendly website for convenient navigation through various sections/pages. This facilitates online money transfer/fund transfer, trading and a number of other activies with the help of the internet. All you have to do is fill up an application form and submit the same at the bank.
Indian Bank Careers and Recruitment 2009
Every year Indian Bank like most of the public sector commercial banks offers lucrative job opportunities through Indian Bank recruitment drive thereby providing career opportunities to various youngsters willing to building a future in the banking sector. The bank offers various vacancies for diverse posts like - clerical grade, clerical officers (clerks) Bank PO (probationary officer) etc. The recruitment process is carried out by conducting separate exams - clerical exam, PO exam etc. The bank keeps on updating the recruitment concerning information on the 'Career' section of its website. The willing candidates can apply on the Indian Bank website by downloading the job application form and submitting the duly filled up form. The results are displayed on the bank's website.
Indian Bank Home Loans
Indian Bank home loans are offered for various purposes be it to realize your dream of owning a home through Indian Bank home loan schemes or to own a vehicle through the vehicle loan schemes or to fulfill your ambition of studying further by acquiring Indian Bank education loan schemes. The bank provides detail information on its different loan schemes for home loan, student loan, car loan, personal loan, agricultural loan for farmers etc and the interest rate charged on the loan schemes on its website. The most opted loans are the Indian bank home loans and that is why they offer it at exciting interest rates. The bank also gives out a home loan calculator with the help of which you can calculate the estimated repayments on housing loans availed. The bank also offers home loans to NRI. Details on the same can be found on their official website.
Indian Bank Accounts and Deposits
Indian Bank offers various types of account facilities and Deposit schemes that are offered for investment purposes in various schemes of the bank. The bank charges different rate of interest on different deposit schemes. Following are certain deposit schemes offered by the bank:
Following are the types of accounts offered by the Indian Bank:
- Fixed Deposits
- Indstar Deposits
- Unit Deposits
- Facility Deposits
- Reinvestment Plan Deposit (RIP) and cash certificates
- Recurring Deposits
- IB Tax Saver Schemes
- Special Senior Citizens Deposit Schemes
- Savings Account facility
- Savings Account facility for the NRI customers
- Demat Account for online share trading
- Current Account
- Advantage Account facility is available only in the selected computerized branches of the Indian Bank
Indian Bank Credit Card
Indian bank offeres credit cards to its customers so that the customers of the bank can fulfill all their wishes without the need of spending cash. The different types of credit cards offered by the bank are Indian Bank Credit Card, Global Classic Credit Card and the Global Gold Credit Card with a view to make the financial transactions comfortable and easy for the customers. The bank provides the guidance on usage of the credit card and other relevant information related to credit card including the credit card application and other features like the significant terms and conditions prescribed regarding the credit card application, application form etc. After having introduced the online section, the bank facilitates online payment of bills. You can have a look at your credit card statements and pay the same online.
Indian Bank Customer Care
Indian Bank offers a top class customer care service with a view to provide feasible response to the customers' queries, solution to the customers' problems etc. The existing customers can also give their feedback. The potential customers can also enquire about the various banking and financial problems offered by the bank. You can either write, call or visit the website of the bank for more assistance.
Indian Bank IFSC Code and Swift Code
IFSC Code is the Indian Financial Standard Code which is provided to each and every financial enterprise operating in the country. This code is unique and different so that financial transactions from one bank to the other are made in a hassle free manner. Given below is a list of IFSC codes of different locations in India
Swift Code is a code provided for international standardizations. This code is used when there is an international fund transfer. The swift code of the Indian Bank is AXISINBB002.
- Bangalore: UTIB0000052
- Chennai: UTIB0000006
- Hyderabad: UTIB0000072
- Mumbai: UTIB0000001
- Pune: UTIB0000050
- Kochi: UTIB0000008
- Kolkata: UTIB0000005
66, Rajaji Salai,
Chennai 600 001,
You can also call on the National Toll Free No.: 1800 425 1400
Log on to Indian Bank Website: www.indianbank.in