Idbi and Axis Bank

PROJECT REPORT ON TO STODY THE SERVICES AND PRODUCT DIFFERENTITATION OF IDBI BANK AND AXIS BANK

INTRODUCTION

Axis Bank was the first of the new private banks to have begun operations in 1994, after the

Government of India allowed new private banks to be established. The Bank was promoted

jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life

Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and

other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India

Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance

Company Ltd.

The Bank as on 30th September, 2012 is capitalized to the extent of Rs. 414.53 crores with the

public holding (other than promoters and GDRs) at 53.80%.

The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The

Bank has a very wide network of more than 1600 branches (including 169 Service

Branches/CPCs as on 30th June, 2012). The Bank has a network of over 10000 ATMs (as on

30th June, 2012) providing 24 hrs a day banking convenience to its customers. This is one of the

largest ATM networks in the country.

The Bank has strengths in both retail and corporate banking and is committed to adopting the

best industry practices internationally in order to achieve excellence.

BTIRT COLLEGE SAGAR 1


VISION AND VALUES

VISION 2015:

To be the preferred financial solutions provider excelling in customer delivery through insight,

empowered employees and smart use of technology

Core Values

Customer Centricity

Ethics

Transparency

Teamwork

Ownership

AWARDS

1. Awards & recognition received by the Bank during the Year 2012:

2. Best Bank in the Private Sector Bank category (CNBC-TV18’s India Best Bank and

Financial Institution Awards)


4. Bank of the Year – India (The Banker)

5. Brand Excellence Award 2011 in the BFSI category (Star News)

6. The Most Consistent Large Bank (Best Banks – 2011 survey (Business Today and

KPMG)

7. Most Preferred Bank Amongst Retail Consumers (CLSA survey on personal banking

trends)

8. Most Productive Private Sector Bank (FIBAC 2011 Banking Awards)

9. 3rd Strongest Bank in Asia-Pacific Region (Asian Banker)

10. The Best Domestic Bank – India; The Best Bond House – India (The Asset Triple A

country Awards 2011)



11. Best Risk Master in the Private Sector Category (FIBAC 2011 Banking Awards)

12. Best Bond House in India – 2011 (Finance Asia)


14. Euromoney – Best Debt House in India

15. Asiamoney – Best Domestic Debt House in India

16. Financeasia – Best Bond House in India

17. FE Best Banks Award – Best New Private Sector Bank, Rank 2

18. Forbes Fab 50 – The Best of Asia-Pacific’s Biggest Listed Companies- second year in a

row

19. The Asset Triple A Country Awards 2010:

20. Best Domestic Bank, India

21. Best Domestic Bond House, India.

22. Business Today Best Bank Awards - Overall Winner & Consistent Performer -(Large

Banks Category)

23. Business World Best Bank Award- Fastest Growing Large Bank

24. Ranked No. 1 in "overall experience with bank staff" and "overall branch facilities" by

The Hindustan Times-MaRS Survey Report dated, 29th March, 2010



BOARD OF DIRECTORS

Adarsh kishore chairman

Shikha Sharma md and ceo

Rama bijapurkar director



PRODUCTS OF THE COMPANY

1. ACCOUNTS

a. Saving account

b. Salary account

c. Current account

1. Types of saving account

A. Easy Access Savings Account

B. Prime Savings Account

C. Future Stars Savings Account

D. Prime Plus Savings Account

E. Women's Savings Account

F. Senior Citizen's Account

G. Pension Savings Account

H. Trust/NGO Savings Account

I. 3-in-1 Online Investment Account

J. Insurance Agent Account

2. DEPOSITS

1. Fixed Deposits

2. Tax Saver Fixed Deposit

3. Recurring Deposits

4. Encash 24

5. Interest Rates


http://www.axisbank.com/personal/accounts/savings-accounts/insurance-agent-account/insurance-agent-account-features.aspx

http://www.axisbank.com/personal/investments/online-trading-with-axis-direct/features-benefits.aspx

http://www.axisbank.com/personal/accounts/savings-accounts/trust-ngo-savings-account/features.aspx

http://www.axisbank.com/personal/accounts/savings-accounts/pension-saving-account/pension-saving-account-features.aspx

http://www.axisbank.com/personal/accounts/savings-accounts/senior-citizens-account/senior-citizens-account-features.aspx

http://www.axisbank.com/personal/accounts/savings-accounts/women-savings-account/women-savings-account-features.aspx

http://www.axisbank.com/personal/accounts/savings-accounts/prime-plus-savings-account/overview.aspx

http://www.axisbank.com/personal/accounts/savings-accounts/future-stars-savings-account/overview.aspx

http://www.axisbank.com/personal/accounts/savings-accounts/prime-savings-account/prime-savings-account-features.aspx


1. FIXED DEPOSITS

Features & Benefits

Documentation

How to Open a Fixed Deposit Online

How to Apply

Axis Bank offers multitudes of fixed deposit schemes for various durations. It offers simple reinvestment

Fixed Deposits (at very competitive interest rates), which can be opened with a minimum investment of

Rs 10,000. You can make additions to your deposit in multiples of Rs 1,000 each. The tenure of your

fixed term deposit must be a minimum of 6 months.

Fixed Deposit Schemes

Reinvestment Deposits:

In a reinvestment fixed deposit scheme, the interest accrued on your deposit at the end of each quarter is

invested along with the principal. The tenure of your deposit must be a minimum of 6 months. At the end

of the quarter, the interest and the principal are both rolled over, and the interest is calculated on the total

sum. Income tax is deducted at source.

Automatic Rollover:

As a Fixed Deposit holder, you can avail of the facility for automatic rollovers on maturity (for both the

principal and interest). You can select this option in the Account Opening Document (AOD). The options

available are:

Rollover only Principal:

Only the principal amount of your fixed deposit will be rolled over. The interest will be either credited to

your designated account or paid out.

Rollover Principal and Interest accrued in Reinvestment Deposit scheme:

This will rollover both the deposit and the interest accrued for the same tenure at the Interest

Rates applicable on the maturity date.

On or before the maturity date, you can make the following changes in the rollover instructions of the

deposit:


http://www.axisbank.com/personal/deposits/interest-rate.aspx

http://www.axisbank.com/personal/deposits/interest-rate.aspx

http://www.axisbank.com/personal/deposits/fixed-deposits/how-to-apply.aspx

http://www.axisbank.com/personal/deposits/fixed-deposits/fixed-deposit-how-to-open.aspx

http://www.axisbank.com/personal/deposits/fixed-deposits/fixed-deposit-documentation.aspx

http://www.axisbank.com/personal/deposits/fixed-deposits/fixed-deposit-features.aspx


Change in tenure

Change in maturity instructions

Change in payment instructions

Change in principal (only reduced amount)

Change rollover of Principal to rollover of Principal + Interest, or vice versa.

Withdrawals of Fixed Deposits

All encashment or withdrawals of Fixed Deposits can only be made at the branch where the deposit was

booked.

Method of calculation of interest rates on your fixed deposits

For fixed deposits with tenure of 6 months & above, interest is calculated on a quarterly basis.

Interest earned during the previous quarter is added to the Principal for calculation of interest. Fixed

deposit interest rate on this amount is calculated every quarter.

For fixed deposits schemes with tenure of below 6 months, interest is calculated at Simple Interest. Please

note that the period of Fixed Deposit is considered in number of days.

In the event the depositor chooses to receive the periodic interest payments on a quarterly basis, interested

is calculated and paid on quarterly rests.

On premature withdrawal of the deposit, interest shall be paid only for the period for which the deposit is

maintained with the Bank and at the rate applicable for such period.

Tax at source is deducted as per the Income Tax regulations prevalent from time to time.

2. TAX SAVER

Features & Benefits

Interest Rates

Tax Advantage Rate of Interest

Eligibility


http://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/tax-saver-fixed-deposit-eligibility.aspx

http://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/tax-advantage-rate-of-interest.aspx

http://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/tax-saver-fixed-deposit-interest-rates.aspx

http://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/tax-saver-fixed-deposit-features.aspx

http://www.axisbank.com/personal/interestrates/domesticdepositrates/Domestic-Deposit-Rates.asp

http://www.axisbank.com/personal/interestrates/domesticdepositrates/Domestic-Deposit-Rates.asp


How to Apply

In the Finance Bill of 2006, the government had announced Tax benefits to Bank Term Deposits which

are of over 5 year tenure u/s 80C of IT Act, 1961 vide Notification Number 203/2006 and SO1220 (E)

dated 28/07/2006.

The salient points of the scheme notification are; (a) Fixed tenure without premature withdrawal. (b) Year

is defined as a financial year. (c) Amount limited to Rs. 100 minimum and Rs. 100,000 maximum. (d)

Bank will issue a Fixed Deposit Receipt that shall be the basis of claiming tax benefit. (e) Term deposit

under this scheme cannot be pledged to secure a loan.

Benefits of tax break u/s 80C of IT Act Benefit Illustrator Example

Assume that a customer invests Rs 100,000 in this scheme @ 8% p.a. in fixed deposit for five years. He

will get a benefit of Rs 30,600 at 30.6 % on the eligible investment of INR 100,000 assuming that he is in

Rs 2,50000 lac to Rs 10,0000 lac tax bracket, thus his effective investment would be Rs 69,400. He would

earn Rs 8000 (08 percent on 1 lac) as interest per annum, which would translate to a return of 11.5

percent on the effective investment of Rs 69,400.

Features

Two schemes TDGRI (Reinvestment Type) and TDGQI (Quarterly Interest Type).

Minimum and Maximum Deposit Amount: The minimum deposit amount will be INR 100 or multiples

thereof and maximum deposit amount will be INR 100,000

Lock-in-Period: Since there is an underlying tax advantage u/s 80C of IT Act, there would be a lock in

period of at least 5 years on the FD under this scheme.

Type of deposit: Two types of deposits are to be offered under the scheme, one providing for quarterly

compounding/reinvestment of interest (RIC scheme) and the other providing for quarterly payout of

Interest (QIC scheme) to the designated operative account of the depositor.

Premature closure of Fixed Deposits:. A minimum lock in period of 5 years is stipulated to enable the

deposit to be assessed as exempt from taxable income u/s 80C of the IT Act.

The maturity period of a term deposit receipt of any denomination shall be five years commencing from

the date of the receipt.


http://www.axisbank.com/personal/deposits/tax-saver-fixed-deposit/how-to-apply.aspx


No term deposit shall be en-cashed before the expiry of five years from the date of its receipt

Fixed Deposit Receipt: As per the scheme notification, tax benefits under this scheme are to be claimed

through the Fixed Deposit receipt issued by the Bank.

Tax Deducted at Source: Fixed Deposits with the bank shall be subject to Tax Deduction at source as per

Income Tax Act 1961.

Interest on these term deposits shall be liable to tax under the Act, on the basis of annual accrual or

receipt, depending upon the method of accounting followed by the assessee.

The tax on such interest shall be deducted in accordance with the provisions of section 194A or section

195 of the Act.

3. RECURRING DEPOSITS

Features & Benefits

How to Apply

Are you considering saving money a bit at a time?

Axis Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings

through regular monthly deposits of fixed sum over a fixed period of time.

Features

Recurring deposits are accepted in equal monthly installments of minimum Rs 1,000 and above in

multiples of Rs 500 thereafter.

Recurring Deposit accounts can be opened for a minimum period of 12 months and in multiples of 12

months thereafter, upto a maximum of 120 months.

The amount of installment once fixed, cannot be changed.

Installment for any calendar month is to be paid on or before the last working day of the month. Where

there is delay in payment of installment, one can regularise the account by paying the defaulted

installment together with a penalty (at present it is @ PLR plus 4 % for the period of delay).Fraction of a

month will be treated as full month for the purpose of calculating the penalty.


http://www.axisbank.com/personal/deposits/recurring-deposits/how-to-apply.aspx

http://www.axisbank.com/personal/deposits/recurring-deposits/recurring-deposits-features.aspx


The total amount repayable to a depositor, inclusive of interest, depends on the amount of monthly

installments and the period of deposit.

4. ENCASH 24

Features & Benefits

How do I sign up for Encash 24?

The Encash 24 (Flexi Deposit) gives you the liquidity of a Savings Account coupled with high earnings of

a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing

you the following unique facilities:

Maximum Returns:

Your money is no longer idle. As soon as the balance in your Savings Account crosses over Rs 25,000,

the excess, in multiples of Rs 10,000 will be transferred automatically to a higher interest earning Fixed

Deposit Account. The maturity of fixed or term deposits formed as a result of transfer of money from the

Savings Bank account will be for a maximum period of 181 days and the interest will be calculated on

simple interest rate basis.

Maximum Liquidity:

The money parked in Fixed Deposits as a result of the above mentioned sweep out from your Savings

account can be easily accessed by issuing a cheque, withdrawing through ATM etc. This amount is

automatically reverse swept from the most recently formed Fixed Deposit in units of Rs 5,000 to the

Savings account whenever the balance in your Savings account falls below Rs 25,000. The amount

broken form your Fixed Deposit will earn interest rates at the applicable rate for the period that the

deposit was held with the Bank. The remaining amount of Fixed Deposit will continue to earn the

contracted rate of interest.

Auto Renewal:

On maturity of your linked Fixed Deposit, the Bank will automatically renew it for a maximum period of

181 days.


http://www.axisbank.com/personal/deposits/encash-24/how-do-i-sign-up-for-encash-24.aspx

http://www.axisbank.com/personal/deposits/encash-24/encash-24-features.aspx


INTEREST RATES

Savings Account Deposit Interest Rate - 4% (for all amounts). Rates effective 25th October 2011.

Domestic deposits - less than 1 crore W.E.F. October 8, 2012

Domestic deposits - 1 crore to less than 5 crores W.E.F. October 8, 2012

Domestic deposits - Senior Citizen - less than 5 crore W.E.F. October 8, 2012

PERIOD INTEREST RATES ON DOMESTIC DEPOSITS (%) (p.a.)

DEPOSITS Low Value Term Deposits Senior Citizen

on

Deposits

Below Rs

15 lakhs

on Deposits

of Rs 15

lakhs < Rs

50 Lakhs

on Deposits

of Rs 50

lakhs < Rs 1

Crore

on Deposits

of Rs 1

Crore < Rs

3 Crore

on Deposits

of Rs 3

Crore < Rs

5 Crore

on

Deposits

below Rs.

50 lakhs

on Deposits

of Rs. 50

Lakhs <

Rs.5 Crore

7 days to 14

days

3.50 3.50 3.50 4.00 4.00 3.50 3.50

15 Days to 29

Days

3.50 3.50 3.50 4.00 4.00 3.50 3.50

30 days to 45

days

5.00 5.00 5.00 7.00 7.00 5.00 5.00

46 days to 60

days

6.25 6.25 6.25 7.00 7.00 6.25 6.25

61 days to

less than 3

months

6.50 6.50 6.50 7.00 7.00 6.50 6.50



3 months to

less than 4

months

7.00 7.00 7.00 8.00 8.00 7.00 7.00

4 months to

less than 5

months

7.00 7.00 7.00 8.00 8.00 7.00 7.00

5 months to

less than 6

months

7.00 7.00 7.00 8.50 8.50 7.00 7.00

6 months to

less than 7

months

7.50 7.50 7.50 8.50 8.50 8.25 8.25

7 months to

less than 8

months

7.50 7.50 7.50 8.50 8.50 8.25 8.25

8 months to

less than 9

months

7.50 7.50 7.50 8.50 8.50 8.25 8.25

9 months to

less than 10

months

7.50 7.50 7.50 8.50 8.50 8.25 8.25

10 months to

less than 11

months

7.50 7.50 7.50 8.50 8.50 8.25 8.25

11 months to 7.50 7.50 7.50 8.50 8.50 8.25 8.25



less than 1

year

1 year to less

than 13

months

8.50 8.50 8.50 8.50 8.50 9.25 9.25

13 months to

less than 14

months

8.50 8.50 8.50 8.50 8.50 9.25 9.25

14 months to

less than 15

months

8.50 8.50 8.50 8.50 8.50 9.25 9.25

15 months to

less than 16

months

8.50 8.50 8.50 8.50 8.50 9.25 9.25

16 months to

less than 17

months

8.50 8.50 8.50 8.50 8.50 9.25 9.25

17 months to

less than 18

months

8.50 8.50 8.50 8.50 8.50 9.25 9.25

18 months to

less than 2

years

9.00 9.00 9.00 9.00 9.00 9.75 9.75

2 years to less

than 30

9.00 9.00 9.00 9.00 9.00 9.75 9.75



months

30 months to

less than 3

years

9.00 9.00 9.00 9.00 9.00 9.75 9.75

3 years to less

than 5 years

9.00 9.00 9.00 9.00 9.00 9.75 9.75

5 years up to

10 years

8.50 8.50 8.50 8.50 8.50 9.25 9.25

For interest rates on Fixed Deposits of Rs. 5 crore and above, please contact your nearest Axis

Bank branch.

Rates Effective from: Monday, October 15, 2012

INTEREST RATES ON TAX SAVER DEPOSITS

5 years only (Amount Capped at Rs. 1 lac per customer per Financial

Year)

INTEREST RATES(%)

(p.a.)

Regular Depositor (Individual & HUF) 8.25

Senior Citizen (Individual) 9.00

LOANS



Home Loan Features

Apply Online for Home Loans

Car Loan Features

Apply Online for Car Loans

Education Loan

Personal Loan

Loan Against Shares

Loan Against Property

Loan Against Security

Loan Against Gold

CARDS

1. Credit cards

2. Debit cards

3. Prepaid cards

FOREX

Travel Currency Card

India Travel Card

Outward Remittances

Foreign Currency Travellers Cheques

Foreign Currency Cash

Foreign Exchange Rates

INVESTEMENTS



Gold Mohurs

Silver Mohurs

Online Trading with AxisDirect

Mutual Funds

Demat Account

8% Savings Bonds

IPOSmart

Alternate Investment Products

INSURANCE

Life Insurance

Health Insurance

Home Insurance

Travel Insurance

Motor Insurance

INTRODUCTION



IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT

platform. The Bank offers personalized banking and financial solutions to its clients in the retail

and corporate banking arena through its large network of Branches and ATMs, spread across

length and breadth of India. We have also set up an overseas branch at Dubai and have plans to

open representative offices in various other parts of the Globe, for encashing emerging global

opportunities. Our experience of financial markets will help us to effectively cope with

challenges and capitalize on the emerging opportunities by participating effectively in our

country’s growth process.

As on March 31, 2012, the Bank had a network of 973 Branches and 1542 ATMs. The Bank's

total business, during Fy 2011-12, reached Rs. 3,91,651 Crore, Balance sheet reached Rs.

2,90,837 Crore while it earned a net profit of Rs. 2032 Crore (up by 23.15 %).

VISSION



Our vision for the Bank is “TO BE THE MOST PREFERRED AND TRUSTED BANK

ENHANCING VALUE FOR ALL STAKEHOLDERS”.

MISSION

BANK PROFILE



Profile of

the

Bank

IDBI Bank Ltd. is today one of India's largest commercial Banks. For over 40 years,

IDBI Bank has essayed a key nation-building role, first as the apex Development

Financial Institution (DFI) (July 1, 1964 to September 30, 2004) in the realm of

industry and thereafter as a full-service commercial Bank (October 1, 2004 onwards).

As a DFI, the erstwhile IDBI stretched its canvas beyond mere project financing to

cover an array of services that contributed towards balanced geographical spread of

industries, development of identified backward areas, emergence of a new spirit of

enterprise and evolution of a deep and vibrant capital market. On October 1, 2004, the

erstwhile IDBI converted into a Banking company (as Industrial Development Bank of

India Limited) to undertake the entire gamut of Banking activities while continuing to

play its secular DFI role. Post the mergers of the erstwhile IDBI Bank with its parent

company (IDBI Ltd.) on April 2, 2005 (appointed date: October 1, 2004) and the

subsequent merger of the erstwhile United Western Bank Ltd. with IDBI Bank on

October 3, 2006, the tech-savvy, new generation Bank with majority Government

shareholding today touches the lives of millions of Indians through an array of

corporate, retail, SME and Agri products and services.

Headquartered in Mumbai, IDBI Bank today rides on the back of a robust business

strategy, a highly competent and dedicated workforce and a state-of-the-art

information technology platform, to structure and deliver personalised and innovative

Banking services and customised financial solutions to its clients across various

deliverychannels.

As on March 31, 2012, IDBI Bank has a balance sheet of Rs.2.91 lakh crore and

business size (deposits plus advances) of Rs.3.92 lakh crore. As an Universal Bank,

IDBI Bank, besides its core banking and project finance domain, has an established

presence in associated financial sector businesses like Capital Market, Investment



Banking and Mutual Fund Business. Going forward, IDBI Bank is strongly committed

to work towards emerging as the 'Bank of choice' and 'the most valued financial

conglomerate', besides generating wealth and value to all its stakeholders.

HISTORY

Industrial Development Bank of India

Industrial Development bank of India (IDBI) was constituted under Industrial Development bank

of India Act, 1964 as a Development Financial Institution and came into being as on July 01,

1964 vide GoI notification dated June 22, 1964. It was regarded as a Public Financial Institution

in terms of the provisions of Section 4A of the Companies Act, 1956. It continued to serve as a

DFI for 40 years till the year 2004 when it was transformed into a Bank.

Industrial Development Bank of India Limited

In response to the felt need and on commercial prudence, it was decided to transform IDBI into a

Bank. For the purpose, Industrial Development bank (transfer of undertaking and Repeal) Act,

2003 [Repeal Act] was passed repealing the Industrial Development Bank of India Act, 1964. In

terms of the provisions of the Repeal Act, a new company under the name of Industrial

Development Bank of India Limited (IDBI Ltd.) was incorporated as a Govt. Company under the

Companies Act, 1956 on September 27, 2004. Thereafter, the undertaking of IDBI was

transferred to and vested in IDBI Ltd. with effect from the effective date of October 01, 2004. In

terms of the provisions of the Repeal Act, IDBI Ltd. has been functioning as a Bank in addition

to its earlier role of a Financial Institution.

Merger of IDBI bank Ltd. with IDBI Ltd.

Towards achieving the faster inorganic growth of the Bank, IDBI Bank Ltd., a wholly owned

subsidiary of IDBI Ltd. was amalgamated with IDBI Ltd. in terms of the provisions of Section

44A of the Banking Regulation Act, 1949 providing for voluntary amalgamation of two banking

companies. The merger became effective from April 02, 2005.

Merger of United Western bank with IDBI Ltd.



The United Western bank Ltd. (UWB), a Satara based private sector bank was placed under

moratorium by RBI. Upon IDBI Ltd. showing interest to take over the said bank towards its

further inorganic growth, RBI and Govt. of India amalgamated UWB with IDBI Ltd. in terms of

the provisions of Section 45 of the Banking Regulation Act, 1949. The merger came into effect

on October 03, 2006.

Change of name of IDBI Ltd. to IDBI Bank Ltd.

In order that the name of the Bank truly reflects the functions it is carrying on, the name of the

Bank was changed to IDBI Bank Limited and the new name became effective from May 07,

2008 upon issue of the Fresh Certificate of Incorporation by Registrar of Companies,

Maharashtra. The Bank has been accordingly functioning in its present name of IDBI Bank

Limited.

BOARD OF DIRECTORS



Management

&Organisation

IDBI Bank is a Board-managed organisation. The responsibility for the

day-to-day management of operations of the Bank is vested with the

Chairman & Managing Director and Deputy Managing Director, who draw

upon the support and expertise of a cross-disciplinary Top Management

Team. IDBI Bank Ltd.'s employee base includes professionals from the

fields of accountancy, management, engineering, law, computer

technology, banking and economics.

Board of Directors (position as on July 8, 2012)

Mr. R. M. Malla

(Chairman & Managing Director)

Mr. B. K Batra



(Deputy Managing Director)

Mr. Sunil Soni Mr. Pradeep Kumar Chaudhery

Mr. Subhash Tuli Mr. P.S. Shenoy

Mr. S. Ravi Mr. Ninad Karpe

PRODUCTS AND SERVICES



DEPOSITS

Savings Account

Corporate Payroll Accounts

Current Account

Fixed Deposits

1. Savings Account

At IDBI Bank, we believe that different people have different needs. Thus, we offer

various different types of Savings Account to cater to our diverse customer base. Be it

individuals, kids, women, corporates, senior citizens, we have an account tailor-made for

each one of them. The various types of Savings Account offered By IDBI Bank are as

follows:

Choose from various range of Personal Banking services like:

SuperSavings Account

SuperShakti (Womens') Account

Jubilee Plus (Senior Citizens) Account

Being Me Account

Power Kidz Account

Sabka Savings Account - Relaxed KYC

Sabka Basic Savings Account – Complete KYC

Pension Savings Account (Central Government Employees)

At IDBI Bank, it is our constant endeavor to provide you products and services that will enhance

your banking experience. From time to time we identify your needs and produce quality products

that will simplify banking for you. Our extensive branch and ATM network, technology

initiatives, and correspondent banking arrangement with banks across the globe have leveraged

us to provide superior services.



Savings Account Interest Rate - 4.00% p.a. (w.e.f. May 03,2011)

Corporate Payroll Account At IDBI Bank, we understand your needs as an employer. In this

fast paced world with ambitious targets and mounting pressures, you want to provide your

employees nothing but the best in terms of banking convenience. Our Salary account product

with no minimum balance requirement, instant account opening, and reimbursement account is

just the right solution for you. The types of Salary Accounts that we offer are as follows:

Imperial Salary Account

Crown Salary Account

Star Salary Account

Prime Salary Account

Pride Salary Accounts

Indian Army Salary Accounts

Indian Navy Salary Accounts

Note:

Salary Account is a special account offered to customers with regular direct salary credits

coming into this account. In case, the monthly salary is not credited into the account for more

than 3 consecutive months, the special features offered under Salary account shall stand

withdrawn and the account shall be treated as Normal Savings Account.

DEPOSITS

2. Current Account

Each customer is unique and his requirement is also unique. IDBI Bank offers various current

accounts to fulfill the requirement of customers from different segments. The total gamut of

offering is given below.



Core

Trade Plus

Special

Bronze Plus

Silver

Premium

Premium Special

FIXED

DEPOSIT

Wide range of tenures.

Choice of investment plans.

Partial withdrawal permitted.

Auto renewal possible.

Loan facility available.

Features

You can invest in our Fixed Deposit for as long as you wish between 15 days to

10 years.

All fixed deposits come with a set choice of investment plans. Re-investment

Fixed Deposit rates do not change but work like a Recurring Debit Account

transaction. In other words, Re-investment Plans are compounded over

traditional deposits and hence are more lucrative over different time periods.

Benefits

Fixed Deposits at IDBI Bank comes with nomination facility. We also offer

online access to your Fixed Deposits through our Internet Banking channel.

Internet Banking at IDBI Bank allows you to connect your Fixed Deposit with

your savings account.Interest on our Fixed Deposits for Quarterly

Payout/Quarterly Compunding are calculated on Calendar Quarter basis.



Suvidha Fixed Deposit

Suvidha Tax Saving Fixed Deposit

Suvidha Suraksha Recurring Deposit

Recurring Deposit

Godhuli Retail Term Deposit

Floating Rate Term Deposit

INTERNET

BANKING

Welcome to world-class banking at IDBI Bank.

In today's digital world, Internet banking assumes a special significance.

Realising that the default access to your banking information in the near future

would be only through the Internet, we at IDBI Bank have made available to you

a globally benchmarked Internet Banking facility.

With IDBI's Internet Banking, your Bank travels with you around the world and

you have on-line, real-time access to your accounts.

Admittedly, such a service requires security of the highest

nature and complete privacy protection. We provide a

completely secure environment, using 128-bit encryption SSL

(Secure Sockets Layer), digitally certified by Verisign. 128-bit SSL guarantees

world-class security for Internet and e-commerce applications. Click on the

image to verify the certificate.

.

LOANS


https://seal.verisign.com/splash?form_file=fdf/splash.fdf&dn=INET.IDBIBANK.CO.IN&lang=en


We, at IDBI Bank offer a wide range of loan products to suit all your needs ranging from home

to education, a holiday to buying a laptop. Select from our loan offerings and we shall be glad to

service you on the same. The various loan offerings by IDBI Bank are as follows:

Choose from various range of Personal Banking services like:

Home Loans

Loan Against Property

Education Loan

Personal Loan

Loans Against Securities

Reverse Mortgage Loan

Auto loans

Pay your taxes

conveniently

through us

The Reserve Bank of India and the Central Board of Direct Taxes have

authorised us to collect all direct taxes (Corporation Tax and Income Tax).

You can now pay your income and corporate tax without any hassels.

Click here to pay your direct tax online

You can pay following types of direct taxes through us:

Corporation tax

Income tax

Wealth tax

Dividend distribution tax



Securities transaction tax

Fringe benefits tax

Banking cash transaction tax

It includes following kinds of tax payments, which is usually done by you

periodically:

Advance tax

Self assessment tax

TDS on salaries

TDS on rent

TDS on interest on securities or borrowings

TDS on professional or technical services payments

TDS on contractors' payments

TDS on insurance commissions paid

TDS on income distribution to unit holders by mutual funds

TDS on repurchase payments of mutual fund units

TDS on game shows and lottery prize payments

TDS on commission on sale of lottery tickets

PHONE

BANKING


At IDBI Bank, we endeavour to raise the bar to meet the rising requirements of

our customers, by providing quality products and services to suit varied

banking needs. Our Phone Banking service is yet another, technology and

customer centric step in that direction.

IDBI Bank Phone Banking service enables you to access authentic,

instantaneous information on your account balances and transactions. The



service is available totally free of cost round the clock, 365 days a year.

To view the different services that are available through our Phone Banking

facility, click here. A telephone and your 4-digit TIN (telephone identification

number) is all that you need to access your account.

MOBILE

BANKING


Business is on the move and so are the people who conduct it. For you to enjoy

banking convenience while on the move, IDBI Bank is here with its SMS

Banking facility. Our SMS banking initiatives permit you to access your Bank

account and carry out various banking transcations and inquires. No need of

visiting the bank time and again!

NON-WAP Enabled Mobile Phones

If you have a non-WAP enabled mobile phone, you can use the SMS facility

and conduct the following operations using the messaging services of your

service provider.

Balance enquiry

Last three transaction

Cheque payment status

Cheque book

Statement request

Demat - free balance holding

Demat - last two transactions

Bill payment

WAP Enabled Mobile Phones If you are WAP enabled mobile phone user, you

can do interactive banking with us. If you need to draw cash while you travel,



your mobile will indicate to you the nearest IDBI branch and its phone

number. Transactions using WAP are WAP-WTLS compliant (meaning you

have the comfort of transacting at the highest level of security standard

available internationally).

IDBI BANK DEBIT CARDS

Being Me Debit Card

International Debit-cum-ATM Card

Gold Debit-cum-ATM Card

IDBI Bank Cash Card

IDBI Bank Gift Card

World / Global Currency Card

Kids Debit Card

Platinum Card

Debit Card Offers

AGRI BUSINESS GROUP

India is a nation of villages. Agriculture and allied activities have been the main source of

livelihood of our rural populace since times immemorial. The sector provides source of

employment and livelihood to over 60% of the population. Its linkages with industry are growing

with increasing stress on food and agri processing industry on account of changing demand

patterns for processed food by consumers. With this background Corporate India has started

finding new opportunities in Agriculture.

IDBI Bank constantly emphasizes on lending to Agricultural sector. Bank has several Agri

products viz. Warehouse receipt, Contract farming etc. to uplift the socio–economic status of

rural population.

COMPARISO

N RESULT

IDBI BANK

After the amalgamation of IDBI with IDBI Bank and later with the



beleaguered United Western Bank (UWB) in 2006, the bank has

managed to integrate the additional branches and employees with

itself. The bank had a franchise of over 1,200 ATMs and 720

branches at the end of March 2010. Retail assets constituted 16% of

advances in FY10, up from 13% in FY05.

AXIS BANK

Axis Bank is one of the most aggressive players in the private sector

banking industry having more than tripled its share in non-food

credit over the last 9 years from 1% in FY02 to 3.6% in FY12. Axis

Bank has set up a network of 9,925 ATMs, the third largest in the

country. During the period FY07 to FY12, Axis Bank has grown its

advances at a compounded annual rate of 47%, against the industry

average of 27%. The bank acquired Enam's investment banking

business by issue of shares in 1QFY13.

EQUITY SHARE DATA

IDBI BANK AXIS BANK IDBI BANK/

31/3/2011 31/3/2012 AXIS BANK

High Rs 202.0 1,460.0 13.8%

Low Rs 106.0 921.0 11.5%

Sales per share Rs 189.1 532.3 35.5%

Earnings per share Rs -3.2 74.5 -4.3%

Cash flow per share Rs 22.1 222.1 10.0%

Dividends per share Rs 3.50 16.00 21.9%

Dividend yield (eoy) % 2.3 1.3 169.1%

Book value per share Rs 148.0 548.9 27.0%

Shares outstanding (eoy) m 984.57 413.20 238.3%

Bonus/Rights/Conversions PI,ESOP ESOP -

Price / Sales ratio x 0.8 2.2 36.4%

Avg P/E ratio x -48.3 16.0 -302.4%

P/CF ratio (eoy) x 7.0 5.4 129.9%

Price / Book Value ratio x 1.0 2.2 48.0%

Dividend payout % -109.9 21.5 -511.4%

Avg Mkt Cap Rs m 151,624 491,915 30.8%



No. of employees `000 14 32 42.8%

Total wages/salary Rs m 10,840 22,540 48.1%

Avg. sales/employee Rs Th 13,690.6 6,930.1 197.6%

Avg. wages/employee Rs Th 797.2 710.2 112.2%

Avg. net profit/employee Rs Th 1,149.8 1,329.6 86.5%

INCOME DATA

Net Sales Rs m 186,165 219,949 84.6%

Other income Rs m 22,217 54,872 40.5%

Total revenues Rs m 208,382 274,821 75.8%

Gross profit Rs m 167,394 208,534 80.3%

Depreciation Rs m 24,919 60,999 40.9%

Interest Rs m 142,702 139,691 102.2%

Profit before tax Rs m 21,990 62,716 35.1%

Minority Interest Rs m 0 0 -

Prior Period Items Rs m 0 0 -

Extraordinary Inc (Exp) Rs m 0 0 -

Tax Rs m 6,355 20,518 31.0%

Profit after tax Rs m 15,635 42,198 37.1%

Gross profit margin % 89.9 94.8 94.8%

Effective tax rate % 28.9 32.7 88.3%

Net profit margin % 8.4 19.2 43.8%

BALANCE SHEET DATA

Current assets Rs m 1,570,981 1,697,595 92.5%

Current liabilities Rs m 0 0 -

Net working cap to sales % 843.9 771.8 109.3%

Current ratio x 43.0 43.0 100.0%

Inventory Turnover Days 0 0 -

Debtors Turnover Days 0 0 -

Net fixed assets Rs m 30,598 22,841 134.0%

Share capital Rs m 9,846 4,132 238.3%



"Free" reserves Rs m 91,837 173,396 53.0%

Net worth Rs m 145,700 226,817 64.2%

Long term debt Rs m 515,697 340,717 151.4%

Total assets Rs m 2,535,576 2,854,165 88.8%

Interest coverage x 1.2 1.4 79.6%

Debt to equity ratio x 3.5 1.5 235.6%

Sales to assets ratio x 0.1 0.1 95.3%

Return on assets % 6.2 6.4 98.0%

Return on equity % 10.7 18.6 57.7%

Return on capital % 24.9 35.7 69.8%

Exports to sales % 0.0 0.0 -

Imports to sales % 0.0 0.0 -

Net fx Rs m 0 0 -


Date post:	28-Apr-2015
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Idbi and Axis Bank

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