IDBI Full Form – All About Industrial Development Bank of India

IDBI stands for Industrial Development Bank of India. It is a term related to Banking, Useful Terms and Definitions which we use in daily life but we do not know their full name, Here’s a list of important abbreviations that you should know.

AcronymFull Form
Full FormIndustrial Development Bank of India
CategoryBanking
RegionIndia

What is full form of IDBI?

The full form of IDBI is the Industrial Development Bank of India.

. It was established in 1964 by an Act of Parliament to provide loans and other financial facilities for the development of Indian industry. It is a financial service owned by the Indian Government, known as one of the largest commercial banks in India, offering personalized banking and financial solutions.

The bank has extended its canvases beyond project financing and is contributing to the geographic dispersion of industries, the development of identified backward areas, the emergence of a new entrepreneurial spirit, and the evolution of a deep and vibrant capital market. In October 2004, it was transformed into the banking company IDBI Ltd. to undertake banking activities while contributing to the role of its secular Development Financial Institution.

Over time, it merged its subsidiaries IDBI Bank, IDBI Home Finance Ltd., IDBI Gilts, formerly United Western Bank Ltd., with a name change to IDBI Bank Ltd. to expand its business functions.

Here you learn the full name and complete information of Industrial Development Bank of India, if you have questions and answers related to IDBI, then tell us your thoughts in the comment, know the complete meaning of IDBI in this article.

How to update my email in IDBI online banking?

The bank will update the data to the EOD. Kindly go to your nearest branch (IDBI Bank) and ask for various forms to update your email. Provide your account number, full name, email ID, and any proof of identity.

How can I pay my utility bills online with IDBI Bank?

EBPP – Electronic bill presentation and payment enables IDBI Bank customers to pay their utility bills online via the Bank’s internet banking service or by visiting the provider’s website. Applying for IDBI Bank Online Banking is absolutely simple.

Which is the statement of transaction of IDBI Bank?

The list of transactions contains a list of transactions for a given period, along with details of collaterals and balances. The billing statement contains detailed information on the fees for individual transactions. Online banking offers an online payment service linked to merchant websites / online stores via a direct debit payment gateway service.