Indian Bank IFSC Code Mecheri Branch, MICR code, Address

IFSC Code of Indian Bank MECHERI, MICR Code of Indian Bank MECHERI

Get IFSC Code and MICR code of Indian Bank, Mecheri, Tamil Nadu branch in MECHERY city along with the address

Bank	Indian Bank
IFSC Code	IDIB000M025 (for money transfer by NEFT, RTGS and IMPS)
MICR Code	636019092
Address	DHARMAPURI MAIN ROAD CHAMRAJPET MECHERI 636451
Branch	MECHERI
City	MECHERY
District	Salem
State	Tamil Nadu

Personal Loan
@ 10.99%*

Home Loan
@ 8.35%*

Gold Loan
@ 10.50%*

Business Loan
@ 13.50%*

Loan Against Property
@ 8.50%*

Earn 7%* On
Savings Account

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Indian Bank Interest Rates in MECHERI, Salem

	Interest Rates*
Indian Bank MCLR Base Rate	8.00% - 8.75%	Past Trend
Indian Bank Loan Against Property	13.80% - 13.80% Floating	Get Details
Indian Bank Personal Loan	14.35% - 14.85%	Get Details
Indian Bank Car Loan	9.95% - 0.00%	Get Details
Indian Bank FD Interest Rate	4.00% - 6.50%	Get Details

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Other Indian Bank Branches in Salem

Mecheri Ifsc Code

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

Indian Bank News - Sep 2017

2017-09-13 : Indian Bank announces the launch of new loan product for home repairs
Indian Bank has launched a new home loan product, IB Home Enrich for repairs and renovation of houses. Under this loan facility, customers can avail loan up to 36 times their gross monthly income, subject to a maximum of Rs. 10 lakh without mortgaging their house property.
2017-09-11 : Indian Bank revises MCLR rates
Indian Bank has reduced its marginal cost based lending rate across all tenors. For overnight and one month maturities, the rate has been revised to 8 per cent and 8.05 per cent, while for three month and six month maturities the rate has been reduced to 8.15 per cent and 8.25 respectively. The new MCLR rates are effective from 7th September, 2017.
2017-08-19 : Indian Bank introduces the launch of Ind-GST
Indian Bank has introduced a loan for GST software, Ind-GST which is a collateral free soft loan to enable entrepreneurs update their systems to be GST compliant. The newly launched soft loan by the bank will assist business entrepreneurs to ensure timely update of their software to make them GST compliant.
2017-08-17 : Indian Bank introduces two-tier interest rate for savings account
Indian Bank has introduced a two-tier interest rate structure for its savings bank customers. Under the arrangement, the bank will offer interest at the rate of 4 per cent for balance above Rs. 50 lakhs and 3.50 per cent per annum for balance up to Rs. 50 lakh. The new interest rate is effective from 16th August, 2017.
2017-08-07 : Indian Bank sets under 5 per cent gross NPA target by March
Public sector lender, Indian Bank is looking to bring down its gross non-performing assets to below 5 per cent by March, 2018 from over 7 per cent aided by its better recovery of bad loans in the current quarter. Simultaneously, the lender is also targets to improve its net interest margin to 3 per cent from 2.79 per cent now.

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