Vijaya Bank Fixed Deposit
Last Updated : April 16, 2020, 11:29 p.m.
About Vijaya Bank Fixed Deposit
Fixed Deposit is one of the most effective ways of gaining heavy returns on the investment. The amount deposited yields interest over the period of investment. That is, your hard earned money works for you. Once you have invested in the fixed deposit you need not worry as the returns are guaranteed by the banks. Vijaya Bank Fixed Deposits come with the same assurance. The maximum rate of interest provided by the bank is 7.00%. You can open the fixed deposit account with the minimum amount of ₹50. The several deposit schemes offered by the bank are
- Vijaya Bank Fixed Deposit
- Vijaya Bank Tax Savings Scheme
- Vijayashree Units
- V Sowbhagya Term Deposit
Vijaya Bank FD Interest Rates April 2024
| Tenure | For amount less than 1 crore | For amount of ₹1 crore & above |
|---|---|---|
| 7days - 29days | 4.00%p.a. | 4.00%p.a. |
| 30days - 45days | 4.00%p.a. | 4.00%p.a. |
| 46days - 60days | 4.50%p.a. | 4.25%p.a. |
| 61days - 90days | 4.50%p.a. | 4.25%p.a. |
| 91days - 180days | 5.25%p.a. | 5.00%p.a. |
| 181days - less than 1year | 6.25%p.a. | 5.25%p.a. |
| 1year | 6.50%p.a. | 5.50%p.a. |
| More than 1year - 5 years | 6.50%p.a. | 5.50%p.a. |
| Above 5years | 6.25%p.a. | 5.00%p.a. |
How to Apply
The candidates can invest the amount in any of the Vijaya Bank fixed deposit schemes by filling the KYC form and application form available at the branch office. The application forms are also available at the bank’s website.
Vijaya Bank Fixed Deposit Schemes
Vijaya Bank Fixed Deposit
The minimum amount required to start a fixed deposit in Vijaya Bank is just ₹50. You can receive interest at monthly, quarterly, half-yearly or yearly intervals.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹50 |
| Minimum Tenure | 15 days |
| Maximum Tenure | 10 years |
| Interest Payout Frequency | Monthly, quarterly, half-yearly, yearly |
| Additional Interest | Extra interest of 0.50% is paid to senior citizens |
Vijaya Bank Tax Savings Scheme
Depositors can avail the tax benefits under Section 80C of Income Tax Act by depositing the minimum amount of ₹100 in this scheme. The FD interest will be paid at competitive rates and senior citizens are entitled to receive additional interest of 0.50% .
| Particulars | Details |
|---|---|
| Investment Amount | ₹50-₹1,50,000 |
| Tenure | 5 years |
| Premature Withdrawal | Not permitted |
| Loan/Overdraft Facility | Extra interest of 0.50% is paid to senior citizens |
| Interest Payout Option | Cumulative and non-cumulative |
Vijayashree Units
Under this scheme, the minimum investment amount is ₹1,000. The investor can partially withdraw the funds in units of ₹1,000, without breaking the entire deposit. The interest is paid at the rates applicable on fixed deposits.
| Particulars | Details |
|---|---|
| Minimum Investment Amount | ₹1,000 |
| Maximum Investment Amount | No Limit |
| Interest Payout Option | Quarterly Compounded |
Vijaya Bank Fixed Deposit Calculator
To know the maturity value of your fixed deposit enter the amount of deposit, the tenure of the deposit and the rate of interest in the Fixed Deposit Calculator . The calculator will compute the amount of interest earned on the deposit. It will tell you the exact maturity amount you will receive at the end of the deposit period.
Vijaya Bank Fixed Deposit Application Form
An application form providing the following details is to be filled to avail the benefits of fixed deposits at Vijaya Bank.
- Personal Details along with a recent photograph
- Name of the scheme
- Tenure of the scheme
- Amount of investment
- Nomination details
Eligibility & Documentation
The list of candidates eligible to invest in fixed deposit schemes is provided below along with the documents required
| Particulars | Details |
|---|---|
| An Individual, Hindu Undivided Family, Sole Proprietorship Concern | ID Proof Address Proof A photograph |
| Trusts | Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of The Trustees Authorising the members concerned to open and operate the account Photographs of the members operating the account |
| Associations / Clubs | By-laws of the Association Copy of the Resolution by the board authorising the members concerned to open and operate the account Photographs of the members operating the account |
| Partnership Firm | Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account |
Features/ Benefits
- Open a fixed deposit with the minimum amount of ₹50
- Additional interest of 0.50% is paid to senior citizens
- Premature withdrawal allowed
- Tax benefits under section 80C is given
Vijaya Bank Customer Care
For more details regarding fixed deposit schemes visit the nearest branch office. Also, you can clarify your doubts on the customer care helpline. The customer care executive will answer your problems regarding the schemes. Feel free to call on these toll-free numbers:
- 18004255885
- 18004259992