I recently opened an account in the Indian Bank and came to know about the Voluntary retirement scheme (VRS) want to know more related to this. Will you provide basic details of Voluntary retirement scheme (VRS) of Indian Bank along with process for branch locater?

[Vishal Kotkar]

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

About VRS Scheme Indian Bank

Voluntary retirement scheme (VRS) was implemented by 26 out of 27 public sector banks in 2000-01.

According to Indian Banks’ Association (IBA), the total staff strength in public sector banks at the end of March 2000 was 8,63,188 out of whom 1,26,714 applied for VRS which constituted around 4.7 per cent of its total number of employees.

About 80 per cent of the number of applications were accepted, and staff relieved under VRS until December 31, 2001 were to the extent of 1,01,300.

This constituted around 11.7 per cent of the total staff strength at the end of March 2000.

As per your request below I am providing you the process how to check the Indian Bank branches:

1 Visit the official portal of the Indian Bank which looks like:



2 In the menu bar click on contact link

3 New page opens and then click on branch network link.

4 You will get another page looks like:




5 Enter your search details and submit.

6 You will get your searched branches.

Contact:

Indian Bank, Corporate Office,
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Corporate Office - Phone Number
044 28134300

National Toll Free No.
1800 425 00 000
National Toll Free No. ( for ATM only )
1800 425 4422