Indian Bank IFSC Code Melalathur Branch, MICR code, Address

IFSC Code of Indian Bank MELALATHUR, MICR Code of Indian Bank MELALATHUR

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

Bank	Indian Bank
IFSC Code	IDIB000M137 (for money transfer by NEFT, RTGS and IMPS)
MICR Code	635019017
Address	152/22 MAHALIRPALLI STREET MELALATHUR VELLORE
Branch	MELALATHUR
City	MELALATHUR
District	Vellore
State	Tamil Nadu

Personal Loan
@ 10.99%*

Home Loan
@ 8.35%*

Gold Loan
@ 9.50%*

Business Loan
@ 13.50%*

Loan Against Property
@ 8.50%*

Car Loan
@ 9.25%*

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Indian Bank Interest Rates in MELALATHUR, Vellore

	Interest Rates*
Indian Bank MCLR Base Rate	8.15% - 8.90%	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 Vellore

Melalathur 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 - Jul 2017

2017-07-26 : HDFC Bank net profit increases by 20 per cent at Rs. 3,893 crore
Private sector lender, HDFC Bank has reported a significant increase in its net profit at Rs. 3,893 crore during the current quarter as against Rs. 3,239 during the corresponding quarter of the previous fiscal year. Strong improvement in net profit is backed by a strong growth in revenue and a reduction in its cost to income ratio.
2017-07-26 : Union Bank of India plans to raise Rs. 3,500 crore capital
Union Bank of India (UBI) is looking for an opportunity to raise capital of Rs. 3,500 crore during the current FY18 by seeking government’s support and Qualified Institutional Placement (QIPs). The newly raise fund will be deployed by the bank to support its credit growth targets and provisioning requirements.
2017-07-26 : Indian Overseas Bank initiates turnaround plan
Public sector lender, Indian Overseas Bank (IOB) is in the process of preparing a turnaround plan. The Finance Ministry has informed that along with IOB, several public lenders including Allahabad Bank, Bank of India, Central Bank of India, Andhra Bank, Union Bank of India, UCO Bank and Dena Bank have also submitted their turnaround plan to them. With this move, the bank targets to improve its operating profit and lending portfolio.
2017-07-26 : Tax base moves up to 6.26 crore in 2016-17
Central Board of Direct Taxes (CBDT) has revealed that income taxpayer base in India has substantially rose to 6.26 crore at the end of the last fiscal year as compared to nearly 4 crore during the corresponding quarter of the previous fiscal year. Post demonetisation, the Income Tax department has taken a host of measures to increase tax base and the statement of financial transaction (SFT) report filed by banks showing widening of taxpayer base.
2017-07-26 : ICRA sees 25 bps cut in repo rate at next month’s policy review
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may reduce the repo rate by 25 basis points (bps) at its upcoming policy review in August 2017, according to credit rating agency ICRA. It added that there is a low likelihood of further rate cuts in the second half of FY2018 due to lower targets of CPI inflation in India. In addition, the RBI is likely to indicate that additional open market operations would be conducted to absorb the prolonged liquidity surplus through various instruments.

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