DEPOSIT PRODUCTS

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 SAVINGS DEPOSITS

Normal SB

V Payroll SB

SB Accounts V Gen Uth SB

Vijaya Platinum SB

V Basic SB

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 SAVINGS BANK ACCOUNT

Savings account is a non-business account maintained with a bank for the purpose of saving
surplus funds and earning some interest income on these surplus funds.
 Savings Bank Account can be opened by
 an individual in his own name
 more than one individual in their joint names payable to all of them
jointly or any one or more or survivor/s.
 guardian on behalf of a minor furnishing a declaration as to the date of
birth of the minor.
 a minor over the age of 12 years in his own name. [However the
maximum balance in such account shall be restricted to Rs. 10,000/-].
 secretaries / treasurers / managers or duly constituted / authorized
officers of the clubs, association (registered or unregistered), school,
religious or charitable institutions and such other body of like nature in
their names,.
 The prospective account holder should comply with the ‘Know Your
Customer (KYC)’ norms

Minimum Balance Metropolitan Rs.250/- (Rs.500/-)* Semi - Urban Rs.100/- (Rs.250/-)*

Requirements Urban Rs.250/- (Rs.500/-)* Rural Rs.100/- (Rs.250/-)*
* With Cheque Book

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 V PAYROLL SB

For salaried class people, particularly those

working in Corporation firms, institutions ,
Companies, Govt. Dept etc.
Parameter Product Feature

Minimum number of employees 10

Average net salary of the employee Not less than Rs 5000 per month.

Minimum account opening amount Zero balance.

In built sweep facility Balance in excess of Rs 20,000 can be swept into

term deposits in multiples of Rs 5000/-.

ATM withdrawal Up to Rs 20000 per day.

V-Platinum Saving Bank Account The Executive level employees, whose minimum
salary is Rs 50,000

Detailed Circular No. 159/2008 dated 23.10.2008

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 V-GenUth SB

Saving Bank account designed for Children - Age day 1 and above.
Students undergoing various courses are also eligible

 Minimum initial deposit - Rs.10/-

 Can continue with Zero balance
 Cheque book and withdrawal facility for children above twelve years
 Add-on Credit Card and ATM Card for children above the age of twelve on
authorization from parents
 Free transfer to Child's account from parents' account
 Internet banking facility provided on request
 Balance in Savings bank Account in excess of Rs.10,000/- transferred to Term Deposit
Account in multiples of Rs.5,000/- to earn more interest
 No fee for payment of School fees, Hostel fees, etc. through the account
 Free collection of cheques / DDs gifted to the child - upto Rs.25,000/- per annum
 Offer of Education loan at concession of 0.50% on the prevailing rate, in recognition
of continued relationship.

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 V PLATINUM SB

A deposit scheme with add-ons to Savings Bank Customers who maintain the certain
minimum balances in their accounts.

 Free issue of 100 cheque leaves in a year

 Free issue of multicity cheque books with 25 leaves at CBS Branches
 Free DEBIT Card
 Free CREDIT card for the first year
 Zero commission remittances upto Rs.1.00 lakh per annum in Urban/Metropolitan
branches and upto Rs.50000/- per annum in Rural / Semi - urban branches
 No charges for standing instructions
 Demat account - Account opening free
 Immediate credit of outstation cheques up to Rs.25000/- with normal charges
 Individuals and HUFs welcome to open their account under this scheme

Minimum Balance Metropolitan Rs.50000/- Semi - Urban Rs.15000/-

Requirements Urban Rs.25000/- Rural Rs.10000/-

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 V-BASIC SAVINGS BANK DEPOSIT

Small Account

Eligibility Individuals who can comply only the simplified or limited

KYC norms
Minimum Amount An initial deposit of Rs.10/-is required for opening the
account.
Debit Card Rupay branded debit card, free of cost, can be issued, only
on customer request.
Cheque Book One cheque book of 10 leaves, per annum can be issued
free of cost on request.
Withdrawal Only four withdrawals per month including ATM
withdrawals by the account holder.
Number of Transactions The total number of all withdrawals and transfers in a
month should not exceed Rs.10000.
Maximum Balance It should not exceed Rs.50000 at any point of time.
Total Credits It should not exceed Rs. One lakh in a financial year
Detailed Circular No 12218 dated 16/10/2012

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 CURRENT ACCOUNT DEPOSITS

Normal
Current Account

Current Account

V Platinum
Current Account

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 CURRENT ACCOUNT

Current account is a business account maintained with a bank for the

purpose of receiving and making payments arising out of business
transactions by the way of cash, clearing and transfer of funds.

 Current account can be opened by individual / HUF, a proprietary concern, a

partnership firm, a company, a trust, a local body, Govt. department by signing
prescribed account opening form(s) and with proper introduction, identification,
address proof etc., accompanied by prescribed documents.
 The prospective account holder should comply with the ‘Know Your Customer (KYC)’
norms by producing satisfactory documents in support of identity and address
 All current account holders are provided with cheque books, collecting the cost of
such cheque books
 No interest will be paid on Current Account.
 Bank reserves the right to levy service charges on current account from time to time
on various counts

Urban Metropolitan branches Rs.1000/-

Minimum Balance In other centres Rs.500/-
Requirements
ATM Card holders in all centres Rs.1000/-

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 V PLATINUM CURRENT ACCOUNT

Current Account With Add-On

 For all the High Net-worth Individuals, corporates, institutions, Government

departments, Government undertakings, reputed commercial organisations, etc.
 Account to be opened with a minimum balance of Rs.5.00 lakhs and above and
maintaining a quarterly average credit balance of Rs.5.00 lakhs.
 Free cheque book
 Free unlimited remittances through NEFT/RTGS
 Free unlimited Intersol transactions (Transfer transactions only)
 Free unlimited cheque collections
 Free unlimited issuance of DDs
 Free cash deposits upto Rs. two lakhs per day
 Free online tax payment (direct tax, indirect tax, TDS)
 Option for sweep facility (balances above Rs.5 lakhs in multiples of Rs.50,000.00 for a
period ranging from 7 days to 91 days (V-Plus Term Deposits) ) without penalty for
premature withdrawal
 Free corporate credit card with personal accident death insurance cover of Rs.1 lakh.
 No folio charges

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 TERM DEPOSITS

Recurring Deposits

Fixed Deposits

Vijayashree Units
TERM DEPOSITS
Jeevan Nidhi Deposit
Vijaya Tax Saving
Scheme
V-Cash Certificates

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 RECURRING DEPOSITS

 This scheme helps in saving easily and systematically,

through, either fixed or variable monthly installments.
 Can choose any deposit period ranging from 6 to 120
months, in completed 3 months.
 Under variable monthly installments customers have the
option to chose a core monthly installment (with a
minimum of Rs. 10/- or multiples) and remit any amount
subject to this minimum with a maximum of ten times of
the core monthly installment.

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 V-GenUth Unnathi RD

This product is designed to help parents build a sizeable resource

to meet the future educational needs of their children.

 The deposit period ranges from 36 months to 120 months, the monthly instalments
being in multiples of Rs.50/-
 All children up to and inclusive of the age of 18 can open the account
 Children who have attained the age of 12 can open the account in their own names
 The monthly installment shall be fixed: Minimum monthly deposit is Rs.100/- and in
multiples of Rs.50/- i.e., Rs.150/- and so on
 The minimum period of deposit is 36 months -The maximum period - 120 months
 Penalty will be levied as per extant rules for delayed remittances of installments
 Premature closure will be dealt with as per extant rules
 Automatic sweep facility (free of charge) from SB Account to RD account will be
provided for monthly remittance of installments
 For children maintaining the RD Account for a minimum period of 5 years, a
concession of 0.50% on the interest rate for Education Loan is offered. For girl child
the interest concession is 1%

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 FIXED DEPOSITS

 The fixed deposit scheme provides regular income at

monthly, quarterly, half-yearly or yearly intervals.

 With a minimum deposit amount of Rs. 50/-, money can

be deposited for any period ranging from 15 days to 10
years.

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 VIJAYASHREE UNITS

 This scheme is devised to meet the needs of diverse

investors like individuals, institutions, professionals,
executives, entrepreneurs, housewives, and farmers
among others.
 Vijayashree Units combine the features of a term deposit
in terms of higher interest rates, and the facility for
partial withdrawal in units of Rs. 1000/-.
 Vijayashree Units are issued for Rs. 1000/- and multiples
thereof. The scheme has no maximum limits and interest
is compounded on a quarterly basis, if the period of
deposit exceeds 3 months.
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 JEEVAN NIDHI DEPOSIT

 This is a convenient banking scheme where an authorised

Jeevan Nidhi agent collects the money you wish to
deposit, at your doorstep.
 This scheme promotes saving habits among children,
housewives, professionals, salaried people, shopkeepers,
small traders and businessmen.
 Individuals can choose a deposit period of either 12, 39
or 63 months, with a daily deposit, as low as Re.1/-.

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 CAPITAL GAINS SCHEME

 Under this Scheme an income tax assessee can avail of the benefit of exemption from Capital Gains if the amount
of Capital Gains or the net consideration is deposited in any branch (other than the rural branches) on or before the
due dates of their filing return of income.

 The income tax assessees who are eligible for exemption under Section 54 (54B, 54D, 54F, or 54G) of the Income
Tax Act 1961 may open "Account A" - which is in the form of Savings Bank Account or "Account B" which is in the
form of Term deposits with an option to the depositor to keep the deposit as cumulative or non-cumulative deposit.

 Depositor desirous of opening an account/s under the Scheme for the first time shall apply in Form 'A' in duplicate,
obtaining the application from the nearest branch.

 Opening of Joint A/c. is not permissible under the Scheme.

 Deposits may be made in one lump sum or in stages at any time on or before the due date of furnishing the return
of income under sub section (1) of section 139 of the Act.

 In case of deposit under account 'A' , the depositor will be issued with a pass book wherein all amounts of deposits,
withdrawals together with interest due shall be entered under the signature of the authorised officer of the
branch. In the case of deposit under Account 'B' , a deposit receipt with principal amount of deposit, date of
deposit, rate of interest, date of maturity of deposit etc., will be issued to the depositor.

 Cheques book facilities are not permitted to CG A - Account A in view of the system of withdrawal prescribed under
the Scheme.

 The minimum period of maturity of the deposits in Account 'B' is 15 days and maximum is for any number of years.
However in the case of these accounts exemption may be available to the tax payer only if the capital gains are
utilised within a specified period as per the provisions contained in Sections 54, 54B, 54D, 54E and 54G of the
Income Tax Act.

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 VIJAYA TAX SAVINGS SCHEME

In the light of the Notification issued by the Government of India, treating the bank
Term Deposit as an approved form of investment to get qualified for benefits U/s.80C
of the Income Tax Act 1961, Vijaya Bank launched a term deposit scheme called
‘VIJAYA TAX SAVINGS SCHEME’ effective form 18.8.2006.

 Deposits are accepted for a period of 5 years only

 Interest rate as applicable from time to time for 5 years to term deposits. Senior
citizens are entitled for addtional interest as applicable.
 Depositor can opt for either cumulative or non-cumulative way of crediting periodical
interest.
 Depositor gets benefit U/s.80C of the Income Tax Act. 1961
 Minimum deposit is Rs.100 and in multiples thereof
 Maximum deposit in a Financial Year Rs.1,00,000/- [i.e., 1 st April to 31 st March of
the following calendar year]
 Deposits cannot be withdrawn prematurely
 Deposits cannot be pledged to secure loan or as security

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 V CASH CERTIFICATE

 Vijaya Cash Certificate scheme is a convenient way to save for

children's higher education or to build a house, etc.

 This scheme to build on capital along with the benefit of compound

interest.

 Available in denominations of Rs. 100/- and multiples thereof, you

can choose certificates for any period ranging from 6 months to 10

years.

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 V-VAIBHAV DEPOSIT SCHEME
A flexible scheme which provides payment of interest either on cumulative or non-
cumulative basis.
Rate of Interest 9.10% p.a. for deposits upto Rs. 10.00 crores, (without additional
interest benefit for senior citizens/staff/retired staff).
Maturity Period 1 Year
Minimum amount of deposit a) Metro: Rs. 1.00 lac and in multiples of Rs. 10,000/- thereafter

b) Urban: Rs. 50,000/- and in multiples of Rs. 5,000/- thereafter

c) Semi-Urban: Rs. 25,000/-and in multiples of Rs. 1,000/-
thereafter
d) Rural: Rs. 10,000/- and in multiples of Rs. 1,000/- thereafter
Maximum Amt. of deposit Rs. 10.00 crore per customer ID subject to the condition that each
deposit should be for less than Rs. 5 crore)*
Pre-closure penalty 1% p.a.
Renewal : No auto-renewal / renewal / premature renewal facility
Only New Deposits and renewal of mature deposits will be accepted under the scheme and premature
renewal of existing deposits is not allowed.
The scheme will be open from 1st October 2012 to 31st March 2013.
* Note: The maximum deposit per customer ID per day should be for less than Rs. 5 crore. The
Maximum deposit per customer ID should not exceed Rs. 10 crore.

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 V-SAMMAN DEPOSIT SCHEME
A flexible scheme which provides payment of interest either on cumulative or non-
cumulative basis.

Maturity Period The deposit can be opened for a term of one year or three years.
Rate of Interest 9.75% above the card rate (inclusive of senior citizen benefit i.e;
0.50%+0.25%) without additional benefit for Ex-Staff.

Minimum amount of a)Metro & Urban branches: Rs. 50,000/- and in multiples of Rs. 10,000/-
deposit thereafter

b)Semi-Urban branches: Rs. 20,000/- and in multiples of Rs. 10,000/-

thereafter

c) Rural branches: Rs. 10,000/- and in multiples of Rs. 10,000/-

thereafter.

Pre-closure penalty 1.25% p.a.

Renewal : No auto-renewal / renewal / premature renewal facility
Only New Deposits and renewal of matured deposits will be accepted under the scheme and
premature renewal of existing deposits is not allowed.

The scheme will be open from 1st October 2012 to 31st March 2013.

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