State Bank of Indore

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The State Bank of Indore was initially known as the Bank of Indore Ltd. From January 1, 1962, this bank became a subsidiary of the State Bank and thus, it came to derive its name. Incidentally, by the end of the March 2009, the bank has amassed a turnover of ` 50,000 crore. The bank aims at providing quality services to its customers by uncompromising levels of dedication and devotion.

History of State Bank of Indore

State Bank of Indore came into existence under a special charter of His Highness Maharaja Tukojirao Holker-III who was the ruler of Indore during that time. This bank oversaw the business of the Bank of Dewas Ltd. in 1962 and the Dewas Senior Bank Ltd. in 1965. In the year 1971, the State Bank of Indore was elevated to the status of an 'A' category bank. From that day on, the bank strives to provide quality service and facilities to its customers and the like.

Corporate Objectives of State Bank of Indore

The State Bank of Indore has set certain corporate goals and objectives for its proper functioning. This includes the bank's achievements to retain the good work it has done over the years of thus being the premier bank of Madhya Pradesh. It also strives to create and maintain assets of quality in order to raise itself to international standards in terms of art technology. Another important objective of the SBICI include its earnest effort of continuing as the representative of the State Bank of India. Finally, the SBICI aims at providing better and enhanced customer service through its outlet branches across the country.

Products offered by the State Bank of Indore

State Bank of Indore provides a variety of services to its customers. These are designed for the benefit of the customers and ensuring that they receive the best possible outcome from the services rendered by the bank. Given below is the list of these services:-
  • Cross Selling
  • Personal Segment
  • SIB Segment
  • Agriculture Segment
  • C&I Segment
  • SSI Charter
  • International Banking
  • NRI Services
Given below are the lists that elaborate on each of the products offered by the State Bank of Indore:-

Cross Selling
  • Edu Shield
  • SBI Life
  • Mutual Fund
  • Credit Cards
  • Money Back Policy
  • Shakti
  • Interest Rates
Personal Segment
  • Education Loan
  • Medical Loan
  • Loan to Pensioners
  • Housing Loan Scheme
  • Scheme for Car Loans
  • Personal Loan Scheme
  • Festival Loan Scheme
  • Loan Scheme for Two Wheeler
  • Loan for Earnest Money
  • Interest Rates
  • Loan against Mortgage (Immovable Property)
SIB Segment
  • Artisans Credit Card Scheme
  • Indore Bank Shoppe Indore Bank Laghu Udyami Credit Card Scheme
  • Professional Plus
  • Doctor Plus
  • Swarojgar Credit Card Scheme
  • Interest Rates
Agriculture Segment
  • Kisan Credit Card Scheme
  • Finance for construction of Farmer's Godown
  • Finance for setting up Agri Clinics & Agri Business Centers
  • Krishi Plus
  • Herbal Plus
  • Arhatia Plus
  • Kisan Gold Card Scheme
  • Interest Rates
C&I Segment
  • Advances against Warehouse Receipt to Traders, Mutual Funds units and Public Sector Bonds, debentures and shares
  • Flexi Loan benefits
  • Trader's Easy Loan
  • School-Mitra
  • Rent Plus
  • Financing to Private Builders
  • Providing Financing to Construction Contractors
Domestic Deposit Products

Given below is the list of services provided at the domestic level by the State Bank of Indore:-
  • Money Box Deposit
  • No Frills Account Saving Bank Account
  • Current Account
  • Term Deposit Scheme
  • Reinvestment Deposit Scheme
  • Recurring Deposit
  • Senior Citizens Deposit Scheme
  • Capgains Premium
  • Multi Option Deposit Scheme
  • Savings Plus Account
  • Tax Save

Contact Details:

State Bank of Indore Corporate Office,
5, Yeshwant Niwas Road,
Indore, Madhya Pradesh 452003
24 hr. helpline: 1800-2336677
Email: [email protected]

Last Updated on May 26, 2015