Manage Money

Bank Name

Wedding Loan from IDBI Bank in Buxar

The district of Buxar consists of areas under the Buxar Sadar of the old Bhojpur District and it came into existence in 1991. The headquarters and principal town of the state is Buxar Town. The district is surrounded by Ballia, Ghaziapur, Rohtas and Bhojpur District. The Buxar District consists of a total of 2 sub-divisions and 11 blocks. One town is located in each of the sub-division. The climate of the district is moderate. The months of May and April are considered to be very hot and the cold weather begins in November and lasts till March end. However, the rainfall experienced by the district is mostly in July and August. The district of Buxar is also struggling with the problems of deforestation which is asserted by the thin forest area. Firewood is still considered to be one of the major products of these forests. One of the primary reasons for the thinning of forest line is considered to be the development of irrigation programs around the district. Animals found in the district are Neelgain, spotted deer and monkeys. The perennial source of water is the river, Sone. This river-stretch provides irrigation to a significant portion of the district. Buxar has gradually turned into an agriculture-centric district with a large chunk of its land-use devoted towards agricultural activities. Rice, wheat, grams and pulses are considered to be the main crops of the district. When it comes to industry, there are many small and medium scale industries located in this district. The major SMEs in the district being the soap industry and the leather industry. The credit facilities in the district, however, are very limited. The primary credit-giving banks in the district are the Central Co-Operative Institutions. These banks are only limited to financing the short and medium term loans towards agricultural practices.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Wedding Loan in Buxar, 14 October 2019 from IDBI Bank

The IDBI Bank Ltd provides personalized banking and financial solutions to its customers in the retail and corporate sector via the network of branches, ATMs and internet banking. Core IT banking platform drives the operations of IDBI. Under the Parliament Act, IDBI Bank was constituted in 1964 as a wholly-owned subsidiary of the RBI. In 1976, GOI took the ownership of IDBI, and it was regarded as the public financial institution in the finance and development industry. In July 1995, the government holding in the bank shares came down from 100% to 75% due to the public issue of IDBI. In the year 2004, the IDBI was transformed into the bank from DFI. IDBI obtained the status of a limited company under Transfer of Undertaking and Repeal Act, 2003 (Repeal Act). The scheduled bank status was given to IDBI Bank by the Reserve Bank of India under the RBI Act, 1934. Consequently, the IDBI formally entered into the banking business as IDBI Ltd. The United Western Bank Ltd was with IDBI Ltd in 2006, under the provisions of section 45 of Banking Regulation Act, 1949. In the year 2008, the name of the bank was changed from IDBI Ltd to IDBI Bank Ltd, and a fresh certificate of incorporation was issued.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs