Indian Bank, IFSC Banking Unit, GIFT City

About IFSC
International Financial Services Centre Banking Unit ( IBU ) is located in Gujarat International Finance Tec-City ( GIFT City ) in Gandhinagar Gujarat, GIFT is a Multi Services Special Economic Zone and is India’s maiden established financial and IT services hub designed on the lines of established financial canters such as Tokyo, Shanghai, New York, London, Hong Kong & Singapore. GIFT City houses Multi-Services SEZ with IFSC ( International Financial Services Centre )  Domestic Finance Centre associated social Infrastructure.
About Indian Bank, IBU GIFT City
Indian Bank Opened its IFSC Banking Unit ( IBU ) in GIFT City Gandhinagar on December 2019 as on offshore Branch / Foreign Branch on Indian Soil. An IBU is equivalent to an Overseas Branch for all practical purpose. It Facilitates as a base for world class International Banking Services in the country. IBU is established with an objective to drive the bank’s International business of the bank.
Our Offerings

Deposits
Park your lumpsum amount in Fixed Deposit and avail high rate of interest, choice of interest pay-out and premature withdrawal facility too, So what are you waiting for secure your future now..!!
Some Salient Features

• Be in control of your savings with traditional Term Deposits/ Special term deposits.
• Can be opened in USD
• Minimum period of deposit – 7 days
• Maximum period of deposit- 3 Years
• No restriction on deposit amount
• A Single deposit of USD 5 lacs and above will fetch more interest
• For more information, please connect with us through email to giftcity[at]indianbank[dot]co[dot]in

For any Other Queries / Products or services related to IBU. Please reach out us on following co-ordinates
Address : Indian Bank IFSC Banking Unit, Unit No 706- 7^th Floor, Hiranandani Signature
Tower, GIFT SEZ, GIFT City, Gandhinagar : 382355
E-Mail id :  giftcity[at]indianbank[dot]co[dot]in
Advances
IBU GIFT City can be a partner in your varied International Finance needs. We can offer External Commercial Borrowings, extend working capital finance in the form of RCF ( Revolving Credit Facility ) and can also extend FCTL ( Foreign Currency Term Loan ) suitably structured to your needs and risk profile.
Features & Benefits

• External Commercial Borrowings ( ECB ) – Entities based in India can now raise long term foreign currency funds.
• Foreign Currency Term Loan – Non Resident Entities ( Joint Ventures and Wholly Owned Subsidiaries of Indian Corporates ) can also now raise long term foreign currency funds.
• Revolving Credit Facility

Other Benefits

• Loans structured to match your specific business needs.
• Competitive Interest Rates.
• Flexible repayment Options.
• Customized financing Solutions that best suits.
• Better Co-ordination as operating from the same time zone

International Trade Finance
Our IBU Offers wide range of Import / Export financing solutions to name a few, Buyers Credit backed by SBLC, Suppliers Credit backed by LC (Under Negotiation & Under RA Route)
Salient features of these facilities are as following.

• Addresses the funding gap in cash flow as it extends the credit period to Importer subject to working capital cycle.
• Cost Effective Financing Option in Foreign Currency.
• Competitive rates and cost effective financing options.