State-owned IDBI Bank on Thursday opened 15 branches across the country to commemorate its 6th foundation day. The bank has over 600 branches pan-India and 1,000 ATMs. The lender will be undertaking a customer satisfaction survey to receive feedback from its clients,it said in a press release. Early this week,IDBI Bank had cut its new home,auto loan rates by 0.25-0.5 per cent. With this,new rates for home loans up to Rs 30 lakh will be 8.75 per cent as against the existing 9 per cent. Home loans between Rs 30 lakh and Rs 50 lakh will attract a rate of 9 per cent (9.5 per cent),while those above Rs 50 lakh will be priced at 9.25 per cent (9.5 per cent). The bank has plans to hire around 7,000 more people this year,out of which 4,000 will be inducted in the personal banking group. It would also offer moratorium period on payment of homeloan pre-EMI taken between October 1 to December 31. This will enable the borrower avail the loan without a pre-EMI obligation till the possession of the new property for a period of 12-18 months from the date of disbursal,whichever is earlier. IDBI Bank announced a host of special products such as free fire and burglary insurance for current account holders,waiver of AMC charges on demat account for the first year amongst others.
