IDBI Bank:
IDBI or Industrial Development Bank of India was formed in 1964. This bank was formed under the act of Parliament and was wholly owned by the Reserve Bank of India (RBI). The ownership of the bank was transferred in 1976 to the Indian Government to provide financial facilities for the development of India’s fledgeling industry.
IDBI transformed into IDBI Bank in the year 2003-2005, when the government decided to extend the developmental banking initiatives of the bank into commercial banking also and not make a distinction between the two types of services. Consequently, IDBI now operates under the name of IDBI Bank.
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IDBI Bank Products:
IDBI Bank offers several banking products to its customers, including customer and corporate banking, investment banking, private banking, finance and insurance, mortgage loan, agriculture loan, wealth management and private equity. One of the most popular banking products offered by IDBI Bank is its savings accounts. Each and every customer is provided an IDBI Bank Account Number to use for all the banking facilities.
Details of IDBI Bank Account Number
Every customer who wants to open a savings account with IDBI Bank will be provided with a unique 12 digit IDBI Account Number to facilitate all the services offered by the bank. If you opt to open IDBI Bank Term Deposit, you will be provided with a unique 13 digit IDBI Bank account number.
IDBI Bank Savings Account
The savings accounts in IDBI Bank present you with a wide-ranging financial solution with several options to manage your hard-earned money sensibly. This bank offers different options in savings accounts as well. You can open any of the below-given savings accounts with IDBI:
- Small Account (With Relaxed KYC Norms)
- Sabka Basic Savings Account (With Complete KYC Requirements)
- Super Savings Account
- Suraksha Plus Savings
- Being Me Account
- Super Shakti Account (Only for Women)
- Jubilee Plus Account (Only for Senior Citizens)
- Power Kidz Account
- Pension Savings Account (Only for Central Government Employees)
- Capital Gain Account Scheme
How to Open a Savings Account with IDBI?
The procedure to open a savings account with IDBI is quite simple. Simply visit the nearest branch of IDBI Bank along with required documents such as address and identity proofs and fill the application form. Submit it to the concerned person and within a few days, your account will be opened and you will have your IDBI Bank account number. You can also fill the savings account opening form online by visiting the official website of IDBI Bank. You will just need to follow the given instructions. The best thing about IDBI savings accounts is that you can open an account even on zero balance.
Features and Benefits of IDBI Bank Savings Accounts:
Once your account is opened and you have your IDBI Bank account number, you can make your life easier and more convenient by making financial transactions. The following are the features and benefits you can avail with your IDBI Bank savings account.
- The first benefit of choosing IDBI Bank for savings accounts is that you do not require a minimum balance to open an account. Savings accounts such as Small Account, Sabka Basic Savings Account, Pension Account and Jubilee Plus Account can be open with a zero balance.
- With online and mobile banking facilities, you can transfer the funds quickly. You can also pay your tax and different bills through these facilities.
- By opting for the right and suitable savings accounts, you can earn even more interest. This feature makes IDBI Bank savings accounts a great way to build up your wealth.
- IDBI Bank provides its customers with a global debit cum ATM card and passbook. It means you can use your ATM anywhere in the world.
- People with savings accounts in IDBI Bank can track their transactions as IDBI provides its customers with e-mail and SMS alerts for each transaction.
- IDBI Bank not only provides attractive interest rates but also offers gifts, coupon schemes in partnership with e-commerce portals and rebates on travel.
Products & Services offered by IDBI Bank
Other Products and Services offered by IDBI Bank | ||
Savings Account | Current Account | Term Deposit |
Home Loan | Auto Loan | Education Loan |
Personal Loan | Loan against Property | Loan against Securities |
PPF Account | Credit Cards | Debit Cards |