INDIAN BANK IFSC Code

Indian Bank is one of India's premier public sector banks with a glorious history of over 117 years. Founded in 1907 in Chennai, the bank has grown to become a major financial institution with over 6,000 branches across India. Indian Bank is known for its strong presence in South India and its commitment to excellence in banking services.

Foundation and Heritage

Indian Bank was established on March 15, 1907, by V.O. Chidambaram Pillai and other freedom fighters in Madras (now Chennai). The bank was founded during the Swadeshi movement with the objective of promoting Indian enterprise and reducing dependence on British banks. This patriotic foundation continues to inspire the bank's mission of serving the nation.

The bank was nationalized in 1969 and has since grown significantly. In 2020, Indian Bank merged with Allahabad Bank, creating a larger and stronger institution. This merger expanded the bank's presence across North India and enhanced its capabilities.

Banking Products and Services

Indian Bank offers a comprehensive range of banking products for individuals and businesses. Personal banking services include various savings accounts, fixed deposits, recurring deposits, and special schemes for senior citizens, women, and students. The bank's IB Exclusive savings account offers premium features for high-value customers.

Loan products include home loans, car loans, personal loans, education loans, and gold loans. Indian Bank's home loan schemes offer competitive interest rates and flexible repayment options. The bank also provides agricultural loans and supports farmers through various credit facilities.

IndOASIS Digital Banking

Indian Bank's digital banking is powered by the 'IndOASIS' mobile app, which offers comprehensive banking services including account management, fund transfers, bill payments, and loan applications. The app supports UPI payments, NEFT, IMPS, and RTGS transfers.

The bank's internet banking platform provides secure access to banking services for retail and corporate customers. Indian Bank has invested in upgrading its digital infrastructure to provide seamless experiences across channels.

Agricultural Banking

Indian Bank has a strong focus on agricultural lending, reflecting its commitment to rural India. The bank provides crop loans, farm mechanization loans, irrigation loans, and allied agriculture loans. The Kisan Credit Card scheme provides farmers with timely credit for agricultural operations.

MSME and Business Banking

Indian Bank supports the MSME sector with various loan products designed for small businesses. The bank offers working capital loans, term loans, and credit under government schemes like Mudra. Dedicated MSME branches provide personalized service to business customers.

Corporate Banking

Corporate banking services include project finance, working capital finance, trade finance, and treasury services. Indian Bank supports large industrial projects and infrastructure development through its corporate banking division.

Financial Inclusion

Indian Bank actively participates in financial inclusion initiatives. The bank has opened millions of Jan Dhan accounts and provides banking services in rural areas through its branch network and Business Correspondents.

International Presence

Indian Bank has an international presence with branches in Singapore, Colombo, and representative offices in other countries. The bank provides remittance services and supports trade finance for international businesses.

Awards and Recognition

Indian Bank has received numerous awards for banking excellence and digital innovation. The bank has been recognized for its customer service, MSME lending, and contribution to financial inclusion.