Profile of Bank of India:
Bank of India was originated at Mumbai on 7th September, 1906 by a team of eminent industrialists joining with 50 employees and by investing Rs. 50lakhs initially. Till July 1969 Bank of India was a private Bank and then it was nationalized along with 13 other Banks. Shri Alok Kumar Misra, Chairman and Managing Director and Shri B. A. Prabhakar , Executive Director are guiding Bank of India with an aim to provide cost effective developmental Banking for small business, mass market and rural markets. Bank of India has won the title “Best Public Sector Bank”.
History of Bank of India:
Bank of India Network
There are 3021 Bank of India branches present in all the states and union territories across the country. Out of this 136 branches are specialized branches which are controlled by 48 Zonal offices of Bank of India, 28 branches are located in foreign countries and 2593 branches are under CBS operation. Among the nationalized branches, Bank of India was the first to implement computerized branch and ATM center. Along with 500 owned ATMs, around 35000 ATMs are made available to customers through shared ATM networks.
Bank of India Financials
Bank of India has coupled with IDFC mutual fund to distribute mutual fund products. Net value of Bank of India between 2008 and 2009 has risen to Rs.11, 143.58crores. The asset of Bank of India till March 2009 was Rs. 22550.17crores with a net profit of Rs. 3,007crores, recording 49.68% growth over previous year.
Bank of India Services
Segments of Bank of India are mobile Banking, internet Banking, ticket bookings, bill payments, online trading, internet Banking, personal loans, commercial loans, NRI Banking, Credit Cards, Debit Cards, etc.
Bank of India Deposit Schemes:
Bank of India has contributions of deposit schemes for local customers and NRI customers and is listed below.
• Saving Bank accounts
• Current Deposits
• Term Deposits
• Tax Saving Deposit
• Deposit Schemes for NRI
Bank of India Loans:
Bank of India provides loans for studies, agriculture, commercial, trade and also for NRI peoples.
• Personal Loan
• Agriculture & Priority Sector
• Commercial Loans
• Trade Finance
• NRI Loans
Bank of India NRI Banking
Bank of India supplies few important schemes to the NRI peoples according to their needs.
• Housing Loans to NRI / PIO
• NRI Deposit Schemes
• NRI -Yield Enhancing Scheme
• Foreign Currency Deposit Scheme
Bank of India Cards:
Bank of India cards are used to withdraw money from ATM centers and for safe shopping.
• Debit Card
• Credit Card
Bank of India Interest Rates:
Interest rates of various schemes differ from one to another depending on its features and other services.
• Bank’s PLR
• Saving Bank Deposit Rate
• Rupee Term Deposit Rate
• NRI Deposit Rate
• Various Advances
• Retail Advances
Bank of India application forms – Click on the link below to get online application forms.
Bank of India Careers – Click on the link below to know about the recruitments in Bank of India
Bank of India Head Office Address:
BANK OF INDIA
C – 5, “G” Block,
Bandra Kurla Complex,
Mumbai 400 051.
Bank of India Phone no : 022-66684444
Bank of India Email ID : HeadOffice.GOD@bankofindia.co.in
Bank of India Website : http://bankofindia.com/home.aspx