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State Bank of Indore

State Bank of Indore is one of the best public sector banks in India. It is a member of the State Bank of India Group. The bank is headquartered in Indore, Madhya Pradesh.

About State Bank of Indore

State Bank of Indore was founded in 1920 as a result of initiatives taken by His Highness Maharaja Tukojirao Holker-III, the erstwhile ruler of Indore. At the time of its inception, the name of the bank was Indore Bank. The bank became a subsidiary of State Bank of India in 1960 in keeping with the State Bank of India (Subsidiary Banks) Act, 1959 and subsequently the name of the bank was changed to State Bank of Indore. During its glorious history of 90 years, the bank took over a number of banks which include the Bank of Dewas and Dewas Senior Bank.

The bank received the status of an A-category bank in 1971. The bank has progressed steadily since then and its business turnover has surpassed Rs. 50,000 crores. Presently, the managing director of State Bank of Indore is Smt. Soundara Kumar.

State Bank of Indore Products and Services

The products and services offered by State Bank of Indore can be categorized into the following types:

Loan Products

Personal Segment

  1. Car/Jeep Loan Scheme
  2. Housing Loan Scheme
  3. Festival Loan Scheme
  4. Personal Loan Scheme
  5. Education Loan
  6. Two Wheeler Loan
  7. Medical Loan
  8. Loan against mortgage of immovable property
  9. Loan to Pensioners
  10. Loan against pledge of Gold Ornaments
  11. Loan for Earnest Money for allotment of Plot/ Flat/House

SIB Segment

  1. Professional Plus
  2. Indore Bank Laghu Udyami Credit Card Scheme
  3. Artisans Credit Card Scheme
  4. Doctor Plus
  5. Swarojgar Credit Card Scheme
  6. Indore Bank Shoppe

Agriculture Segment

  1. Herbal Plus
  2. Krishi Plus
  3. Dairy Plus
  4. Arhatia Plus
  5. Financing of Rain Water Harvesting Structures in Chattisgarh/Madhya Pradesh
  6. Capital Investment Subsidy Scheme for Renovation/Construction of Rural Godowns
  1. Kisan Gold Card Scheme
  2. Scheme for Financing Farmers for purchase of Land for Agricultural Purpose
  3. Finance for construction of Farmer's Godown
  4. Kisan Credit Card Scheme
  5. Finance for establishing Agri Business Centers & Agri Clinics

C&I Segment

  1. Rent Plus
  2. Mortgage Loan
  3. Funds and Public Sector Bonds
  4. Advances against debentures, shares and units of mutual funds
  5. Receipt to Traders
  1. Advances against Warehouse
  2. Financing to Private Builders
  3. Flexi Loan
  4. Standby Line of Credit
  5. Financing to Construction Contractors

International Banking

  1. Exporters Gold Card Scheme


  1. Current Account
  2. Saving Bank Account
  3. Reinvestment Deposit Scheme
  4. Term Deposit Scheme
  5. Money Box Deposit
  1. Recurring Deposit
  2. Multi Option Deposit Scheme
  3. Gangotri Deposit Scheme
  4. Senior Citizens Deposit Scheme
  5. Long Term Floating Rate Deposit

NRI Services

  1. Demand Loan in Rupee against NRE Term Deposits
  2. Housing Loan Scheme for NRIs
  3. International ATM cum Debit Card
  4. Demand Loan in Rupee against FCNR(B) Deposits
  1. Foreign Currency Non Resident Account (FCNR(B)
  2. Non Resident External Account (NRE)
  3. Non Resident Ordinary Account (NRO)
  4. Resident Foreign Currency Account (RFC)

Cross Selling

  1. General Insurance
  2. SBI Life
  3. Credit Cards
  4. Mutual Fund
  1. Money Back Policy
  2. Edu Shield
  3. Franklin Templeton Mutual Fund
  4. Shakti

State Bank of Indore Contact Details

Postal Address:
State Bank of Indore Corporate Office,
5, Yeshwant Niwas Road,
Indore, Madhya Pradesh 452003

Telephone: +91-731-2542444, 2433197
24 hr. helpline: 1800-2336677

Email: cmcscd@sbindore.co.in


State Bank Of Indore


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