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Right to Information Act 2005

Right to Information Act 2005


The Government of India has enacted the ‘Right to Information Act 2005” replacing the Freedom of Information Act. In order to promote transparency and accountability in the working of any Public Authority, the Act provides the right to citizens to secure access to information of general nature.The Public Sector Banks are “Public Authorities” for the purposes of this Act.


As far as the Banks are concerned the relevant provision that have already come into force are Sections 4(1), 5(1) & 5(2). The right to information includes an access to the information which is held by or under the control of the Bank which comes under Public Authority and includes the right to inspect the work, document, records, taking notes, extracts or certified copies of documents / records and certified samples of the materials and obtaining information which is also stored in electronic form.


The Act provides under Sections 8 and 9, certain categories of information that are exempt from disclosure to the citizens. The public may also refer to the relative sections of the Act before submitting a request for information.


Any citizen can request for information by making an application in writing or through electronic means to Public Information Officer (PIO) placed at Corporate Office, Indian Bank, 254-260 Avvai Shanmugam Salai, Royapettah, Chennai – 600 014. It can also be submitted in any of the Bank’s branches/Zonal Offices.

Citizens can also submit request through online portal by accessing the link where the RTI fees can be paid online and upon submission of the request the requester gets the registration number and can track the application.
The application shall be disposed of in accordance with the section 7 of RTI Act. .

Annexure 1
Mandatory Disclosure by the Bank under section 4 (1)(b) of RTI Act and its Annual Updation – 2019
Sl no. Mandatory obligation. Information Disclosed
i The particulars of its organization, functions and duties The Bank was established on 15th August 1907 as part of the Swadeshi Movement and so proudly shares its founder’s day with Nation’s Independence Day.  Bank was one among the 14 Banks Nationalized on July 19. 1969.  In 2007 the Bank became a Public Listed bank.  As on 31.12.2018, the government of India was holding 81.73% of the equity capital of the Bank with the balance 18.27% with the general public.

The Bank has a three tier Organisational set up comprising its Corporate Office at Chennai 50 Zonal Offices and 2839 branches as on 31.12.2018 spread all over the country besides 3 Overseas branches in Singapore and Srilanka.

The activities of the Bank are covered by the Banking Regulation Act and the directives of RBI issued from time to time.

For location of branches, their addresses =>click on Branch Network

Besides the Bank provides 24×7 Banking service through ATMs spread all over the country. For location of ATM and its address click: ATM Network.

Bank has 3 Overseas Branches – one in Singapore, for details click Singapore and 2 in Srilanka. For details click Colombo and Jaffna .

Bank has two subsidiaries: 1. Indbank Merchant Banking Services Ltd. for details click Indbank Merchant Banking Services Ltd.

2.Indbank Housing Ltd.

Bank has sponsored three Regional Rural Banks (RRBs) for details click
Tamil Nadu Grama Bank , Puduvai Bharathiar Grama Bank, Saptagiri Grameena Bank.

Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan Grama Bank (sponsored by Indian Overseas Bank) in the state of Tamil Nadu amalgamated into a single Regional Rural Bank called as Tamil Nadu Grama Bank with its head office at Salem under the sponsorship of Indian Bank.

ii The powers and duties of its officers and employees For powers and duties of the officers and employees of the Bank click Job roles/duties of Employees and Officers .
iii The procedure followed in the decision making process, including channels of supervision and accountability The Administrative and Credit Powers of officers at various levels and of different scales to be exercised in the process of decision making and the procedural guidelines on the channels of supervision and accountability are decided by the Board and kept as a confidential document. The credit decisions at Branch level are taken by Branch Managers at various levels from Asst. Manager to DGM of Branch depending upon their positions. Credit decisions at Zonal level are taken by the Zonal Office Level Credit Committee (ZLCC) and Zonal Level Second in Command Credit Committee (ZLSCC).
At Corporate Office level, Credit decisions are taken at Corporate Office Level Credit Committee (COLCC – GM), Corporate Office Level Credit Committee (COLCC – ED), Credit Approval Committee (CAC) and Management Committee of Board (MCB).
The proposals to COLCC(ED), CAC and MCB are put up through Credit Steering Committee.
iv The norms set by it for the discharge of its functions The norms for discharge of the functions of the Bank are based on RBI directives with Board’s approval. For Time Norms for certain services click Time Norms for certain services in normal circumstances.
v The rules, regulations, instructions, Manuals and records, held by it or under its control or used by its employees for discharging its functions; All branches and offices of the Bank are provided with the copies of Manuals of Instructions and circulars for discharging their functions effectively. For list of manuals => click manuals. The details of such manuals being voluminous, covering several thousand pages are not ported in the Bank’s web site Whenever any specific detail on such list is sought for, it could be provided for inspection subject to provisions of RTI Act.
vi A statement of the categories of documents that are held by it or under its control Branches hold the documents relating to loan borrowers and deposit customers.

Based on the Central and State Laws, Corporate Office has prescribed the list of various documents to be held/maintained by the branches/offices of the Bank.

vii The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereo There is no arrangement for consultation with the members of public in formulating any of the policies of the Bank.
However, as directed by RBI, the Standing Committee on Customer Service at Corporate Office includes five customers of the Bank representing the Public.The Joint Customer Service Committees at Zonal Level and Branch level are constituted with Bank customers as members to offer their suggestions/ grievances in the committee meetings and the committee meeting is held every month at Zonal level/Branch level.
viii A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public The details ported in Bank’s website
For details of Board =>click Board of Directors.
For Managing Director & Chief Executive Officer’s profile, click MD & CEO’S Profile,
For profiles of Executive Directors click ED’s Profiles.
For details of General Managers click General Managers.
For statement of committees Click Names of the Committees of the Board.
For further details of their constitution, purpose and the number of members in each committee, the details are available in annual reports, for annual reports click Annual Report visit our website => about us => annual Report => Report on corporate governance and also about us => investors => Board of Directors and Committees of the Board.The meetings of the Board, Councils and Committees are not open to the public. As also the minutes of such meetings are not accessible to the public
ix A directory of its officers and employees For the directory of officers and employees viz. SR No., name, Branch, Zone/Head Office, designation and Gross Salary drawn as on 28.02.2019 click Directory of Officers, employees & their gross salary
x The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations The data in the website is updated Annually in the month of February as the data keeps changing from month to month due to transfers/ placements retirements. The gross salary keeps changing due to arrears of various allowances/annual increments/ change in DA/HRA etc.

Regarding the system of compensation in the Bank, it is informed that for officers, it is fixed as per Officers Service Regulations and for employees it is based on Bi-partite settlement.

xi The budget allocated to each of its agencies, indicating the particulars of all plans, proposed expenditures and reports on disbursements made There is no provision of budget allocation for Bank for proposed expenditure and disbursements. This provision is not applicable to banks. There are targets furnished to the various functionaries at zonal level for mobilizing Business..
xii The manner of execution of subsidy programmes, including the amounts allocated and the details of beneficiaries of such programmes Our Bank implements certain subsidy loaded loan schemes of central government and state government viz. PMEGP Scheme, UYEGP Scheme, Technology Up gradation Fund Scheme (TUFS) for Textile Industry offering certain percentage of subsidy of the loan projects.

Sponsoring Departments of Central and State Government shortlist the beneficiaries of such programmes and allocate among the banks in the respective area of operation. The subsidy is managed by the respective sponsoring Departments of Central and State government.

There are different loan products of the Bank offered to the public. For details select from Loans menu.

The public are informed that the sanctioning authorities shall decide to sanction a loan exercising the powers conferred by the Bank after taking into consideration the facts, figures and merits of each loan proposal..

xiii Particulars of recipients of concessions, permits or authorisations granted by it In respect of Demand and Term Deposits, there are no programmes of the bank granting concessions; permits, authorizations except the following:

For Savings Bank Deposit, additional interest of 1.00% p.a. is offered to Staff/eligible ex-staff members.

For Domestic Term Deposit of Senior Citizens, additional interest of 0.50% p.a. is paid for amount less than `1 crore. The ceiling is applicable for all types of term deposits standing in the name of the Senior Citizen as the principal account holder at one or more branches put together. The additional interest is offered on deposits of 15 days to 10 years over the card rate in respect of Short Term Deposits, Fixed Deposits and Reinvestment Plan Schemes. Similarly, for Recurring Deposit accounts, additional interest rate would be eligible for the period from 6 months to 120 months (In multiples of 3 months). The rates are applicable to IB Tax Saver schemes also.

Similarly, additional rate of interest of 1.00% p.a. is offered to Staff/eligible ex-staff members and for Ex Staff cum Senior Citizens, the additional rate of interest is 1.50% p.a. However, the additional rate of interest offered is for amount less than Rs.1 crore only (comprising all types of Deposits at one or more branches put together) placed by staff members, eligible ex-staff members and eligible senior citizen cum ex-staff members where they are the principal account holders.

Besides the above, concessions in charges for various services rendered are extended to select category of customers viz., Individuals in rural area, Senior citizens, Students, Defence personnel, Government Departments, Ministries, Blind/differently abled, Institutions, Co-operative/Land Development Bank, Service Co-operatives and DRDA, PM/CM Relief funds, Religious welfare services/Charitable Institutions, Landless agriculture labourers, Regional Rural Banks sponsored by the Bank etc.

xiv Details in respect of the information, available to or held by it, reduced in an electronic form Information which has public/customer’s interest is ported in our web site for the benefit of our customers and public in general.For details of tenders/Bids/Auction click Tenders/Bids/Auction.
xv The particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room, if maintained for public use Citizen’s charter is ported in our web site For details click citizen charter. For details of contacts click Contacts, for details of Corporate Governance click Corporate Governance , All the branches of the bank subscribe one vernacular and one English daily news papers for the use of Public. The working Hours of the branches are displayed in the branch premises in Bold letters for the information of the Public.
xvi The names, designations and other particulars of the Public Information Officers and Asst Public Information Officers are given in the below Hyper Link A General Manager is designated under section 19(1) of RTI Act, as the First Appellate Authority (FAA) and a Deputy General Manager is designated as Public Information Officer (PIO) under section 5 of RTI Act. All the Zonal Heads are designated as Assistant Public Information Officers (APIO) under section 5 of RTI Act. For details click Address, TelephoneFax Noemail ID of Public Information Officers & Assistant Public Information Officers, First Appellate Authority and Transparency Officer For fee details under RTI Act rules -> click Regulation of fee and cost rules. For model application form click application format . The applications under RTI Act and application fee of Rs.10/- in cash are accepted by all our branches.Application fee of Rs.10/- in cash is accepted by all our branches. The applicant is required to enclose proof of such cash remittance with his application.
xvii Such other information as may be prescribed; and thereafter update these publications every year The information relating to public is ported in the Bank’s web site from time to time. For details of financial results click: Financial Results, for information relating to investors click Investors, for annual reports click Annual Reports. and for criteria for selection of concurrent auditors click Empanelment of audit firms for conducting Concurrent Audit. The information under section 4(1)(b) of RTI Act is updated annually in the month of February.
>> Click Here for Exemption From Disclosure of Information ( Sec.8 of the RTI Act)
Note to Public: Redressal of Grievances is outside the ambit of RTI Act.

As per section 4 (2) of RTI Act, Bank disclosed the information suo motu as under: for details Click on the link.

* Code of Commitment to Customers * Code of Commitment to Micro & Small Enterprises * Policy on Collection of Cheques * Policy on Grievance Redressal and Compensation to customers for deficiency in services * Know Your Customer (KYC) Documents * Savings Bank Account Rules * Current Account Rules * Nomination Rules * Salient Features of Genuine Currency Notes of Reserve Bank of India (RBI) * Guidelines on Agricultural Debt Waiver and Debt Relief (ADWDR) Scheme – 2008 *Financial Inclusion * Welfare of Minorities, * Whistle Blower Policy * ATM Withdrawal Failure Complaint * Educational loan * Interest Subsidy on Educational loans, * Policy on Appointment of Statutory Central/Branch Auditors * List of Holidays * Procedure of Locker/Safe Deposit of Articles * Service Charges/Forex Rates, *Lending Rates ,* Deposit Rates,* Banking Ombudsman scheme , * LETTER TO PO * Address, TelephoneFax Noemail ID of Public Information Officers & Assistant Public Information Officers, First Appellate Authority and Transparency Officer * Nodal Officers under Banking Ombudsman Scheme,2006 at Zonal Level* Nodal Officers for Customer Complaints *Transfer Policy – HRM_156M *Annexure A – Promotion Policy – 2020-21 *Annexure B – Promotion Policy – 2020-21

( Last modified on Jul 17, 2020 at 06:07:26 PM )