Bank of India
About Bank of India
Bank of India is one of the leading public sector banks in India. Established in 1906, it is one of the oldest banks in the country and has played a significant role in India's banking history. Headquartered in Mumbai, the bank has a vast network of branches and ATMs across India and maintains a significant presence in the international banking market. Bank of India is known for its customer-centric approach and commitment to financial inclusion. The bank offers a wide range of banking products and financial services to meet the diverse needs of its customers. With its tagline "Relationship Beyond Banking," Bank of India has built a strong reputation for customer service and financial innovation.
History of Bank of India
Bank of India was founded on 7 September 1906 by Sir Sorabji Pochkhanawala in Mumbai (then Bombay). The bank was established with the objective of promoting banking facilities among the Indian business community. Initially, it operated from a small office in Dalal Street, Mumbai, focusing on trade finance and merchant banking services.
Bank of India has the distinction of being the first Indian bank to open an overseas branch. In 1946, it opened a branch in London, marking a significant milestone in Indian banking history. Over the decades, Bank of India has grown significantly through organic expansion and strategic initiatives. The bank played a crucial role in financing India's industrial development and has been instrumental in promoting financial inclusion.
The bank has consistently adapted to changing banking technologies and customer needs, positioning itself as a modern, customer-friendly bank. It has been at the forefront of digital banking initiatives and has introduced several innovative products and services to cater to the evolving needs of its customers.
Bank of India Services
Bank of India offers a comprehensive range of banking products and financial services to its customers, including:
- Retail Banking Services - Savings accounts, current accounts, fixed deposits, recurring deposits
- Corporate Banking Services - Working capital finance, project finance, trade finance
- Loans and Credit Facilities - Home loans, personal loans, auto loans, education loans, business loans
- NRI Banking Services - NRO accounts, NRE accounts, FCNR accounts, remittance services
- Debit and Credit Cards - Wide range of cards with various benefits and rewards
- Digital Banking Services - Internet banking, mobile banking, Bank of India app
- Investment Services - Mutual funds, insurance products, demat services
- Government Banking - Treasury services, government business handling
Unique Facts about Bank of India
- Bank of India was established in 1906 and is one of the oldest banks in India.
- It was the first Indian bank to open an overseas branch (London in 1946).
- The bank has one of the largest branch networks among Indian public sector banks.
- Bank of India has a significant international presence with branches in key global markets.
- The bank has been consistently ranked among the top public sector banks in India.
You can find contact details and all the codes of all the Bank of India branches in India here.