Credit Cards

There’s an iib Credit Card for every possible need. Whether you are looking for a simple payment card, a card that rewards you, a card specially designed for ladies or a card that brings you the ultimate in recognition around the world.

iib Credit Cards also come with an embedded state-of-the-art chip and provide SMS alerts for every transaction, giving you total control and unmatched peace of mind – all backed by 24/7 service accessible from anywhere in the world.

Direct Debit

A direct debit is a free, quick and convenient method of making regular payments (e.g. bills, installments, subscription etc.) in a secure manner without having to visit iib to pay your dues. Direct Debits are used throughout the world and are acknowledged as the most effective method of processing regular and periodic payments. Direct Debits collect funds from counter-parties with other banks’ accounts. This facility is dependent upon the Direct Debit Mandate being signed by the counter-party.

Companies using Direct Debit Scheme

Direct Debits are used for bill collection throughout the world by insurance companies, utilities, finance companies, service suppliers, automobile companies, and other organizations which receive regular and periodic payments.

How does Direct Debit work?

iib provides this service to automate the bill collection of its customers. This can be done by simply asking your customer to sign the Direct Debit Mandate, in order to instruct his/her bank to authorize you (iib’sCustomer) to collect varying amounts from his/her account in settlement of outstanding bills for goods or services provided.

The participants in the Direct Debiting Scheme are

  • The Originator, i.e. the company (electricity, telephone, car leasing company etc.) which provides the goods or services
  • The Sponsoring Bank (iib), where the Originator maintains its account.
  • The Payer, i.e. the Bank customer who wishes to pay the bills and whose account is to be debited. ant
  • The Paying Bank, i.e. the Bank holding the Payer’s account, which is to be debited.

Direct Debit benefits to iib customers

  • It is fast and requires just a one-time set-up
  • No need to operate a detailed reconciliation process to check the receipt of payments due.
  • Customers can concentrate on direct debits that are returned unpaid – manage by exception
  • Reduced usage of the front office, stationery and postage overheads.
  • Greater predictability in cash flow.
  • Auto-reconciliation when linked with our electronic reports.

Security Features

  • The service is completely safe.
  • Customers don’t have to be concerned about signing a mandate allowing bills to be paid directly from their accounts, as the rules of the scheme guarantee a refund if incorrect amounts are deducted.
  • It is safer paying by direct debit than by cash or cheque

Home Finance

Avail of simple, convenient and transparent home financing from iib.

iib Home Finance is an easy solution to purchase a ready villa, ready apartment, residential apartment building, home under construction, a plot of land or to construct your own home.

Ready / Under Construction Villa

Buy a ready or under construction villa of your choice, complete building it and repay over a period of up to 15 years.

Know More

Residential Apartment Building

Get funding to buy your own apartment building.

Know More

Plot of Land

Get funding to purchase a plot of land.

Know More


Current Account

Every corporate entity has its own unique banking and financial needs. The iib Corporate Banking Account comes with an exhaustive range of features and benefits that take care of all these requirements. An iib Corporate Current Account offers both Local Currency & Foreign Currency options.

Account Services

  1. Account Statement
    Account Statements listing movements, to and from your account, will be sent to you as frequently as you want. We also provide statements on request.
  2. Cash & Check Deposits
    With our well-positioned banking network, you can deposit your funds easily at any iibank branch. We accept cash deposits in local currency and major foreign currencies.
  3. Cash Withdrawal & Cash Encashment
    You can withdraw cash from your account anytime and encash both local and foreign checks at any of our branch counters without undue queues and delays.
  4. Check Books
    Check Books reflect your business image in the market and build confidence and they are available with an iib Current Account.
  5. Standing Instructions
    Standing Instructions can be used to transfer funds from your various iib accounts to manage your funds the way you want to.

Time Deposit

A way of investing excess funds, normally for a period of three, six, nine or twelve months. Rates are dependent on the amount and tenor of the deposit. iib’s Time Deposit rates are very competitive.

Export Services

iib offers a wide range of products and services to facilitate every exporter’s needs. iib Trade Specialists are committed to delivering great value to our customers with the following services:

Export Letter of Credit Confirmation

A confirmation of an irrevocable letter of credit upon the authorization or request of the issuing bank constitutes a definite undertaking by iib (the Confirming Bank). This authorization is issued provided that the stipulated documents are presented and that the terms and conditions of the letter of credit are complied with. Such confirmation services offer the required assistance to its customers in order to manage their commercial and transfer risks. iib provides confirmation for a wide range of countries and creditworthy banks.

Export Documentary Collections

Export Letters of Credit (Advising / Negotiating)

iib’s role as an advising bank is to check the authenticity of the letter of credit and recommend it to the beneficiary. It also scrutinizes and negotiates export documents, and ensures that amendments and relevant correspondences are promptly advised to the beneficiary.

FX Hedge


The mission of iib Treasury is to ensure customer satisfaction and continuous financial innovation by providing world-class financial solutions to our customers’ increasingly sophisticated needs. We continuously strive to achieve a better understanding of our customers’ needs and deliver value-added solutions. iib Treasury is staffed by dedicated professionals whose aim is to provide products and financial solutions that assist our customers in managing their potential financial risks.

The increased sophistication and volatility of the financial markets around the world provide opportunities as well as risks. We are here not only to help our customers to benefit from these opportunities but also to assist them in managing their risks efficiently.

Whether you need some basic information or need to discuss complex exposure management, we are here to assist you. Please do call us directly or through your relationship manager.

  • Treasury Products & Market Coverage
  • FX Spot
  • FX Forward
  • FX Options
  • Money Market Deals
  • FX Hedge
  • Interest Rate Swaps
  • Commodity Hedge