IDBI Bank of India- Complete Details

 

 

 

An overview

Industrial Development Bank of India or more popularly known as IDBI bank, falls under the category of public sector bank. This bank was established in India by the Act of Parliament in the year 1964. The bank stands at 10th position all over the world and is the 4th largest bank in overall ratings. The government uses this bank as a tool to coordinate the various institutes of India engaged in promoting, financing or developing industry in the country. Let’s explore what IDBI has in store for the various users of the bank.

IDBI bank- “Banking for All”

The tagline truly defines the motto and services of the IDBI bank of India. As the tagline already suggests, this bank is known to provide all the facilities and services provided by any other government or private banks of India till today. The bank extends money to the needy through its various loan schemes such as the usual, like home, car and personal loan, or even the loan to buy tractors, open business, etc. the website of IDBI is designed to make the lives of customers easy. The timings of the bank are kept at the best interests of the customers. The bank even comes out with a number of job openings each year for the budding young generation.

IDBI Bank and Its Subsidiaries and Their Services

IDBI bank runs various types of subsidiaries to provide financial services to its valued customers. The IDBI asset management service provides mutual funds to those customers who look for these funds. Whereas, the IDBI Intech ltd service deals with the information security practice, national contact center and outbound contact center, etc. the IDBI capital market services is used for the portfolio management of pension/PF funds, stock brokings, distribution of financial products, etc.

Other services

The bank is well known to provide services for the regular domestic as well as corporate customers. The bank allows the applicants to open up savings account or current account as per their choice and interests. It runs its own website to provide 24 hours banking services at the click of the button. The bank also allows deposits of money in the various fixed deposits as well as recurring deposit schemes. It runs a series of debit and credit cards, tailor-made for the needs and services of the customers. It provides locker facilities for storing your valuables such as gold or diamond or other precious objects. You can access all these services and much more by using the website of the bank. You will be allowed free access of the website through which you can even transact money in various fields, such as account to account transfer, card refills, monthly phone and electricity bill pay, opening fixed deposit, paying for recurring deposits, etc. the only criteria for the access of the website is to have an account with the bank.