Indian Bank Online

Indian Bank was established in 1907, as a part of the ‘Swadeshi Movement’. Its head quarters are situated at Chennai with over 1400 branches spread across the country. In addition to this international presence of Indian Bank includes overseas branches in Singapore and Colombo and 240 correspondent banks in 70 countries including the world leaders UK and USA.

Indian Bank enjoyed the status of a major commercial bank until the nationalization in 1969. Indian Bank proudly serves the nation and is celebrating its centenary year this year. The annual report of the bank only asserts the success story of Indian Bank.

The Banking Services at Indian Bank include:

DEPOSITS

• Fixed Deposits:Amount – min. Rs. 100 to max. No limit Time period – min. 7 days to 120 months.For 7 days the min. amount is Rs. 1 lakh.Interest rate on monthly basis
• Indstar Deposits:Time period – min. 7 days to 180 days For 7 days the min. amount is Rs. 1 lakh.
• Unit Deposit:Fixed deposits with part withdrawals They give higher returns and liquidity
• Facility Deposit:Fixed deposit with the flexibility of an overdraft against the deposit
• Reinvestment Plan Deposit (RIP) and Cash Certificates:Amount – min. Rs. 100 to max. No limit Time period – min. 6 months to 120 months.Interest compounded quarterly
• Recurring Deposits:Usual recurring deposit, variable recurring deposit, special recurring deposit
• Special Schemes
  • Vidhya Nidhi Deposit
  • IB Tax Saver Schemes
  • Vikas Savings Khata
  • Special Senior Citizens Deposit Schemes

Indian Bank Accounts

• Usual Savings Account
• Special Savings Account for NRI’s:With special advisory services for investments and foreign exchange.
• Demat accounts:For online trading of shares
• Pension Accounts:Pensions are managed with regular payments and savings options
• Health Plus Savings:Minimum balance of Rs. 5000 Free family health plus saving card ATM Card
• Current Account:Can be owned individually or jointly Chequebook issued at the cost of Rs.3
• Advantage Account:Operative in select computerized Indian Bank Branches

Indian Bank Loans

• Education Loan for further educational pursuits
• Personal Loan
• Home Loan for all housing needs, buying and construction
• Vehicle Loans for car, two-wheeler or any commercial vehicle
• Professional Loan for finance for business and upcoming projects
• Agricultural Loan for the rural farmers

REMITTANCE

• Banker’s Pay Order
• Demand Draft
• Mail and Telegraphic Transfer

COLLECTIONS

• Collection of Local and Outstation Cheques and Trade Bills
• Immediate Credit of Outstation Cheques

OTHER SERVICES

• ATM’s – Automated Teller Machines
• Telebanking
• Gift Cheques
• Traveler’s Cheques
• Safe Deposit and Lockers
• Cash Management Services
• Electronic Funds Transfer (EFT)
• Forex Services
• E- Banking and 24×7 Banking

Beside the above-mentioned services,Indian Bank also indulges in diversified banking activities through its subsidiaries:

• Indbank Merchant Banking Services Ltd
• IndBank Housing Ltd
• IndFund Management Ltd
• Indian Bank and HDFC Standard Life Insurance Company tie-up

Indian Bank Branches

Indian Bank has over 90 Authorized Forex Branches with a specialized foreign exchange services overseas branch in Chennai for the requirements of import-export needs, remittances and NRI services. Another specialized branch was set up exclusively for providing financial assistance to the small-scale industries (SSI’s). Two agricultural finance branches were set up to finance high tech agricultural projects.

Anywhere Banking is available through 168 Indian Bank Centres throughout the country. Nearly 1300 branches and extension counters offer Core Banking Solutions (CBS). 430 ATM Centres in around 99 cities across India including multiple branches in Ahmedabad, Bangalore, New Delhi, Mumbai, Gurgaon, Guwahati, Kolkata, Kanpur, Madurai, Noida, Pune and Trivandrum has given Indian Bank a mass reach. The specialized services on offer by Indian Bank do not conclude here, they continue to e-payment facilities, internet banking credit cards, internet banking accounts, gold coins, mutual funds, equity shares, bonds and insurance services.

Internet Banking or simply Netbanking services are available on the official website of Indian Bank. All one needs to do is login to your Internet Banking Account and the Bank is here right on your desktop.

Any info about the Bank profile, its history, past mergers etc. is also available on the site. Being a nationalized bank, Indian Bank jobs are among the top recruitments. The recruitment is done on the basis of exams conducted regularly on national level and the results are also displayed online.

A branch locator and ATM locator is available online that can give you the exact address or branch code of your nearest Indian Bank Branch or Indian Bank ATM. The official website of Indian Bank also gives you info on the share price or share value of the Indian Bank share. Enquiries about the interest rates and charges can also be made through the customer care numbers or helpdesks at each branch.

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