Indian Bank is a state-owned banking and financial services company, established in 1907. The bank is headquartered at Chennai with the countrywide network of 2836 branches. It offers a number of banking and financial services such as savings accounts, fixed deposits, loans, etc. For each of the financial product, an applicant gets an Indian Bank account number.
It has its presence in 75 countries, through its overseas correspondence banks. Indian Bank also has its foreign branches in Colombo and Singapore as well. It’s one of the top-performing public sector banks in India with a wide range of banking and financial services offered to its customers. Indian Bank also offers diversified financial solutions through its two subsidiaries, including Indbank Merchant Banking Services Ltd. and Indbank Housing Ltd.
Most of the traditional banks have transformed to become modernised by stepping into the core banking system and digitalization. Basically, the core banking system brings in more efficiency in the banking system as the whole bank is treated like one setup which allows account holders to operate the account from anywhere and anytime. Like many other banks, Indian bank was also moved on to core banking platform way back in 2008. Indian bank also offers net banking and mobile banking services to help you operate your bank account anytime and at your convenience. Electronic payments like IMPS (Immediate Payment Services), RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) help you receive and pay money anytime using your core banking account number.