IBA Approved Packers and Movers in India to Transport Goods

In recent days, more and more people are preferring to hire IBA approved Packers and Movers to transport their goods from one city to another. The reason is obvious IBA approved movers and packers companies are licensed and registered companies. And hence they can be trusted on relocating from one place to another.

What is IBA?

IBA stands for Indian Banks’ Association. Formed on 26 September 1946 with 22 members, it is the premier service organization and an association of Indian banks and financial institutions based in Mumbai, Maharashtra.

Its members include Public Sector Banks, Private Sector Banks, Cooperative Banks, Regional Rural Banks, All Indian Financial Institution, and Foreign banks having offices in India. At present, the organization consists of 249banking and financial companies operating in India.

Major banks which are members of IBA – Indian Banks’ Association Managing Committee

• State Bank of India (SBI)
• Punjab National Bank (PNB)
• Central Bank of India
• Union Bank of India
• Corporation Bank
• United Bank of India
• United Overseas Bank
• South Indian Bank
• City Union Bank
• UCO Bank
• IDBI BANK
• Bank of India
• Federal Bank
• Bank of Baroda
• Vijaya Bank
• Canara Bank
• Mashreq Bank
• Saraswat Cooperative Bank
• NKGSB Cooperative Bank
• Standard Chartered Bank

What are IBA approved Packers and Movers in India?

Basically, IBA has approved a number of logistics and transport companies across India including top-notch and prestigious packers and movers. They have launched a model scheme for recommending transport operators for its member banks. It is because banks have since long commenced the activity of discounting & publishing bills accompanied by Lorry Receipt.

The IBA has set up a standard criterion for recommending names of logistics & transport companies (including movers and packers) to its member banks. The IBA scheme for recommending transport companies in India will assist its member banks to prepare their own approved list of logistics and transport companies.

As per the IBA scheme, member banks can allow their customers to borrow against documentary bills supplemented by the Lorry Receipts in the Special Form. Additionally, they can rebate or purchase bills drawn by their customers and accompanied by such Lorry Receipts in the Special Form.

IBA approves only those packers and movers or transport companies for their member banks that satisfy the criteria under the IBA recommendation scheme. A transport or moving company must have completed the prescribed documentation and has accepted the specified compulsions, under the IBA Scheme.

IBA approved Packers and Movers or transport companies get a unique code for their registration. Their recommendation is valid till a specific dated decided by the IBA. IBA recommends only those companies that are licensed and registered.

Benefits of Hiring IBA Approved Packers and Movers

If you are hiring one of IBA approved Packers and Movers for relocating from one place to another then you will have a satisfaction that you are moving with a licensed and registered company. IBA approved Packers and Movers are nowadays preferred choice for employees of banks.

By hiring one of the best-match IBA approved Movers and Packers, you will have an assurance for getting legitimate relocation services because IBA strictly verifies the credentials of transport operators or packers and movers companies.

So, it really makes a sense to hire one of Packers and Movers that is recommended by IBA to its member banks. It is because IBA will never recommend unlicensed and unregistered packers and movers or transport operators to its member banks.

You also must know: Any third party or general public using IBA approved Packers and Movers to transport goods do so entirely at their risk. IBA or its member banks will not be accountable for any carelessness, failure to fulfil an obligation, intent to deceive, or scam and deceitful activities of the packers and movers.

So, if you are relying upon IBA approved movers and packers for transporting your goods from one place to another then make sure IBA will not be responsible for any unfortunate incident.

Official Disclaimer Clouse of the IBA Scheme for Recommending Transport Companies to Member Banks

IBA.org.in has added a disclaimer clause for the IBA scheme for recommending logistics & transport companies to member banks. Here is the official disclaimer.

“The IBA Scheme for Recommending Transport Operators to Member Banks is formulated only for the use and guidance of the Member Banks of IBA to facilitate lending against the security of Motor Transport Receipts issued by the Transport Operators.

Any third party dealing with such Transport Operators relying on IBA recommendations, do so entirely at their risk and neither IBA nor any of its officials shall be responsible for any negligence, default, failure to take reasonable precautions, mala fides or criminal or fraudulent actions of the Transport Operator or any of its Managers, Agents, Employees, Partners, Directors, business associates, branches or any other persons engaged by the Transport Operator.”

How to Find IBA Approved Packers and Movers in Different Indian Cities?

There are a number of IBA approved logistics & transport companies (including packers and movers) in different Indian cities like Mumbai, Delhi, Ahmedabad, Bangalore, Pune Hyderabad, Chennai, Kolkata, and Gurgaon. In almost all metropolitan cities you can find some IBA recommended movers and packers companies or logistics & transport companies.

Sometimes, finding out the right and perfect IBA approved Packers and Movers can be a challenging and tricky task for you. Don’t get confused. There is a valid reason for the same. You must know different logistics & transport companies deal in different types of relocation and transportation requirements.

An IBA approved logistics & transporter that deals in residential relocation may not deal in industrial goods shifting or car transportation. Similarly, logistics & transport companies that deal in industrial goods shifting may not deal in household goods shifting.

Hence, finding out the right and perfect moving company is imperative. If you are looking for household goods shifting services then you need to make sure that your chosen company specialize in residential relocation.

In order to find out the right and best-match IBA approved Packers and Movers in Indian metropolitan cities, you can take advantage of one of trusted relocation & transport services booking portals.

You can trust Movingsolutions.in for the same. Through this site, you can easily hire one of the licensed, registered, and credible or IBA approved Packers and Movers in your city.

To book the service you will have to fill a quick and simple enquiry form. Within a few minutes, you will get references of top 3 best-match IBA approved and qualified Movers and Packers. Get the estimates from these companies. Compare the rates and finalize the one to hire the required shifting or transportation-related services. That’s all.

List of IBA Approved Packers and Movers and Transport Companies in India

The Sum and Substance

If you have taken a decision to hire an IBA approved Packers and Movers then it is certainly a good thing for you. At least, you will have a sense of security because IBA approved movers and packers are licensed and registered. You must know that IBA has its own criteria that transport companies have to fulfill.

So, hiring one of the best-match IBA approved movers and packers can be truly a wise decision. But keep in mind, IBA approved Packers and Movers does not guarantee for the quality of services. You should do some research on your own regarding the same.

IBA approval can be one of the criteria for good movers, but you should also examine other factors so that you can indeed get the best and legitimate relocation services for your move.