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1536 Oak Tree Road
Iselin, NJ 08830

Indus American Bank is headquartered in Iselin and is the 76th largest bank in the state of New Jersey. It is also the 2,849th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 44 employees at 4 locations. Indus American Bank's money market rates are 93% higher than the national average, and it has a B health rating.

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Reviews (8)

Fraud Bank

Not professional bank as we have other many banks in the Jersey city area. If you walk two blocks down. You will hit to Bank Of America, Bank Popular, Chase, wells fargo. If you see my subject, I noticed fraud bank means Indus American  Banks do fraud. they issued me Cashier checks which was not good check. also I have faced many problems with Monthly charges which they told me free checking account and stated charging me every month which I did not notice untill I check my monthly bank statement.  I have complain to thier main office in Edison, NJ, Did not get any answer yet. searched Branch Manager history, he got fired from BOA. Mr. Jitendra Rathod. Alos noticed they closed Mortgage department.  If you really need your money to grow I would personally suggest Banks of America or wells fargo. 



Not To Be-Little The Bank, But.......

....4 five star reviews in 21 minutes. Something seems fishy to me.

Our Community Bank With 7* Services

I have been banking with Indus from 6 years and having a very good customer service all the time. infact it's our community bank,  the people from our community always supports our community bank except some who dont want to be in our community or been cick our from the community. Its pleasure banking with OUR BANK.

Not My Choice Bank.

Typically guju bank. like dhokla. compare your saving and CD'S rate with other banks. Did not feel like family. 

Family means you feel secure your money, which I did not feel my money secure with this bank. 

Pure Typically Indian Village Bank

typically desi indian style bank. please do not wast your time to go there. keep talking in thier language. do not have proper knowledge about banking. i got charge to use their counter check. all empolyess are lazy and sleeping all the time. its unbelievable.  


Great Bank Excellent Staff

Its a great bank with great service... i have my entire banking retlationship with them


Not American Style Bank.

Not American Bank means they have all Indian people working on the floor. Many are new all the times. Not knowlegebel at all. I have account with bank since 2008. Every time I walk in the Bank. I have faced new employess. However they are keep fired professional Employess all times due to thier budget. Bottom line Banks need low wages person all time. to keep low budget its not my busniess. However make me this bank annoying because Professional people say say something and new person say something. Finally I ended up closing my account.



Extremely Impressed

I have been banking with this bank from the start and was extremely suprised to read the previous reviews. I suspect its from fired old employees who typically bad mouth organisation or customers who are overdrawn or have (-) ve balances

When it comes to professionalism and service they exceed standards. Their CD and money market rates are good too. With regards to charges well if you are constantly overdrawn the bank does charge however if its a genuine mistake they are more than happy to reverse the charges....

For me this bank is the symbol of growing South Asian strength in the community...

Five star


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Indus American Bank had $4.81 million in non-current loans and owned real-estate with $21.11 million in equity and loan loss allowances on hand to cover it. This gives Indus American Bank a Texas Ratio of 22.79% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Indus American Bank experienced no significant changes from 24.78% as of March 31, 2013 to 22.79% as of March 31, 2014, resulting in a positive change of 8.06%.This indicates that the balance sheet and financial strength for Indus American Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Indus American Bank has increased its total deposits by $30.37 million, resulting in 20.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Indus American Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Indus American Bank has $218.95 million in assets with $21.11 million in equity, resulting in a capitalization level of 9.64%, which is above average.

Institution Statistics

FDIC Certificate #57983
Year Established2005
Primary RegulatorFDIC
Assets and Liabilities
Assets$218.95 million
Loans$150.49 million
Deposits$178.80 million
Equity Capital$17.74 million
Loan Loss Allowance$3.37 million
Unbacked Noncurrent Loans$4.36 million
Real Estate Owned$446,000
Historic Data - March 2013
Assets$190.70 million
Equity Capital$17.61 million
Loan Loss Allowance$3.36 million
Unbacked Noncurrent Loans$4.36 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.77%
Return on Assets0.55%
Return on Equity6.87%
Interest Income$2.53 million

Always verify rates and promotions with the bank or credit union. We are not Indus American Bank, we are a rate comparison website and can not provide official rates or promotions.

Indus American Bank Savings Account Rates

0.50%$100k-Power Savings
0.20%--Statement Savings
0.20%--Passbook Savings

Indus American Bank Money Market Rates

0.85%$25k-Consumer Money Market
0.85%--Money Market IRA

Indus American Bank Checking Account Rates

1.00%$10k-Power Checking
0.50%--Premium Interest Checking

Indus American Bank CD Rates

1.75%$2k-60 Month CD
1.50%$2k-48 Month CD
1.10%$2k-36 Month CD
1.00%$2k-24 Month CD
0.80%$2k-18 Month Bump Up CD
0.65%$2k-12 Month CD
0.65%$2k-13 Month CD
0.50%$2k-6 Month CD
0.25%$2k-3 Month CD
0.15%$2k-1 Month CD

Indus American Bank IRA Rates

1.75%$2k-60 Month IRA
1.50%$2k-48 Month IRA
1.10%$2k-36 Month IRA
1.00%$2k-24 Month IRA
0.65%$2k-12 Month IRA

Indus American Bank Locations
Parsippany Supermarket Branch1157 Route 46 EastParsippany, NJ 7054
Indus American Bank1536 Oak Tree RoadIselin, NJ 8830
Hicksville Branch70 BroadwayHicksville, NY 11801
Jersey City Branch781 Newark AvenueJersey City, NJ 7306