IDBI Bank unveils two products for SMEs

By Our Banking Bureau | 16 Jul 2002

1
Hyderabad: IDBI Bank has announced the launch of two new products targeted at small and medium business clientele in Andhra Pradesh, which the bank claims will enable the clientele avail of significant savings on their transactions.

Says IDBI Bank cluster head (Hyderabad) M Vasudevan: "Both the products Business Premium Current Account and Business Special Current Account are aimed at the banks small and medium business customers."

The features of these products that make such significant savings possible are free electronic funds transfer, free cheque collections, free demand drafts and free inter-branch banking.

Vasudevan says some of the add-ons offered with these new service packages include sweep in facility linked to fixed deposits, local cheque book, personalised payable at par cheque book, monthly statements by courier and e-mail, phone banking, third party transfers through Internet-banking all at no additional cost.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more