IBA Approved Transporter List 2024

IBA Approved Transporter List 2024

Indian banks association (IBA) provides you with various approved reliable packers and movers (transport) companies. The idea is to find professional packing and moving companies in India which are registered and verified. Apart from vehicle insurance, the bank is responsible and will pay for any damage or loss.

IBA approved transporters are verified moving companies providing relocation services in different cities of India. After fulfilling a variety of eligibility criteria of the Indian Banks’ Association (IBA), these companies became eligible to get approval from the association.

IBA Approved Transporter List 2024

There are a total of 669 transporters approved with IBA, out of which 200 are listed below while the complete list can be checked by downloading the complete IBA approved transporters list using the below download link.

** List as of 10 March 2023.

IBA Approved Transporters – Benefits

1. Fast Transportation services: There is a rule set by IBA for all the banks that they should provide at least seven lorries to the customer.
2. Safety of your stuff:  IBA intake all the best in services, government-certified packers, and movers.
3. Approval of bill: Indian Banks’ Association makes sure that every employee who shifts their homes from one place to another does not find difficulty during the process of shifting and all the bills given to the customer are paid fully by the IBA approved packer and movers.

IBA Approved Transporters – Eligibility Requirements

• Transport companies, including packers and movers, must own a minimum of seven heavy commercial vehicles (trucks – HCVs).
• In light commercial vehicles (LCVs), two such vehicles will be considered equivalent to 1 HCV.
• Both types of vehicles (HCVs and LCVs) must possess national/zonal permits.
• In public and private limited companies, trucks should be registered in the company’s name.
• In the case of proprietary or partnership transport companies, trucks may stand registered in the name of the company and its proprietor/partners.
• Truck values must be reflected on the assets side of the audited balance sheet.
• Transport companies must have their own offices, branches or agents who are authorized to issue lorry receipts.
• Transport companies must be in the business of transport for more than two years.