Term Deposits Schemes offered by Vijaya Bank - PowerPoint PPT Presentation

Loading...

PPT – Term Deposits Schemes offered by Vijaya Bank PowerPoint presentation | free to view - id: 89c17e-YWMwO



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Term Deposits Schemes offered by Vijaya Bank

Description:

A term deposit is an investment scheme held at a financial institution wherein your money is invested for an agreed ROI over a fixed amount of time, or term. – PowerPoint PPT presentation

Number of Views:20
Slides: 18
Provided by: Username withheld or not provided
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Term Deposits Schemes offered by Vijaya Bank


1
Term Deposits schemes offered by Vijaya Bank
2
Term Deposit
  • A term deposit is an investment scheme held at a
    financial institution wherein your money is
    invested for an agreed ROI over a fixed amount of
    time, or term.
  • Some of the benefits of term deposits are
  • Guaranteed returns
  • Low risk
  • Higher ROI than Savings account
  • Higher ROI for senior citizens

3
Term Deposits schemes offered by Vijaya Bank
  1. V Genuth Unnathi Recurring Deposits Bank Account
  2. Vijayashree Units
  3. Fixed Deposit
  4. V Balika Deposit
  5. Jeevan Nidhi Deposit
  6. Capital Gains Scheme
  7. Vijaya Tax Savings Scheme
  8. V Cash Certificate
  9. Recurring Deposits
  10. V-GenUth Unnathi Plus Recurring Deposit
  11. Lakhpati Recurring Deposit
  12. Variable Recurring Deposit

4
V Genuth Unnathi Recurring Deposits Bank Account
  • This scheme is designed to help the parents meet
    the educational needs of their children by
    building sizeable resource.
  • Under this scheme minimum deposit period is 36
    months and maximum is 120 months with the
    deposits being in multiples of Rs.50/- with a
    minimum deposit of Rs.100/-
  • Loans cannot be granted against this deposit.
  • All children up to and of the age 18 can open
    this account, but children below the age 10 need
    to open the account as minor by guardian
    account.
  • If the child maintains the RD account for a
    period of minimum 5 years, then there is a
    interest concession of 0.50 on Education Loan
    and for girl child the interest concession is 1.

5
Vijayashree Units
  • This scheme is introduced to meet the diverse
    needs of investors like individuals, executives,
    entrepreneurs, institutions, professionals,
    housewives, and farmers.
  • This scheme combines some of the features of term
    deposit, like the high interest rates and the
    facility to withdraw money in units of Rs.
    1000/-.
  • Under this scheme, money is issued in multiple
    of 1000/- and there is no maximum limit for this.
  • If the deposit is made for more than 3 months,
    then the interest is compounded on a quarterly
    basis.

6
Fixed Deposit
  • Since this scheme provides regular income at
    monthly, quarterly, half-yearly or yearly
    intervals, it is best suited for salaried
    professionals, housewives and retired persons.
  • FD can be started with a minimum deposit of Rs.50
    and the deposit period can range from 15 days up
    to 10 years.

7
V-Balika Term Deposit Account (VSU Cumulative)
  • Incentive received in the V_Balika Savings Bank
    account of the child is transferred to the V
    Balika Term Deposit Account.
  • The term of deposit is calculated from the day
    the deposit was made till the date on which the
    Girl Child attains 18 years of age.
  • Cumulative interest as on the date of issue of
    Deposit Receipt based on the Domestic Term
    Deposits.
  • V-Balika Savings Bank Account
  • Girl child below 16 years of age (as on 31st
    March) under the following categories are
    eligible
  • All SC/ST girls who have passed class VIII
  • Girl child should be unmarried
  • All girls (irrespective of SC/ST) who have passed
    class VIII from Kasturba Gandhi Balika Vidyalaya.
  • Girl child should be enrolled for Class IX in
    State/Union Territory Government, Government
    Aided or Local Body Schools (academic year
    2008-09 onwards).
  • This account can be opened with zero balance and
    the interest is calculated based on the normal SB
    account of the bank.

8
Jeevan Nidhi Deposit
  • Under this scheme, an authorized Jeevan Nidhi
    agent will be at your doorstep to collect the
    deposit money.
  • This scheme promotes the saving habit of
    individuals, housewives, professionals etc.
  • The daily deposit can be as low as Rs.1 and the
    deposit period can vary from 12 or 36 months.

9
Capital Gains Scheme
  • Joint account is not allowed under this scheme.
  • The depositor can avail the benefit of exemption
    from Capital Gains if the amount of Capital Gains
    or the net consideration is deposited on or
    before the due dates of income returns filing in
    any branch (other than the rural branches).
  • As per the system of withdrawal prescribed under
    the scheme, Cheque book facilities are not
    permitted to CG A - Account A.
  • Under the Capital Gains Account Scheme 1988, the
    interest paid in Account 'A' (i.e, Savings Bank
    account) is same as Savings Bank Accounts
    effective from March 01, 2003.
  • On the other hand, the interest rate for Account
    'B' (i.e, term deposit accounts) will be the same
    as the interest rates communicated by the bank
    from time to time.

10
Vijaya Tax Savings Scheme
  • This scheme is effective from 18.8.2006 and was
    launched based on the notification from GOI that
    Term Deposit will be considered as an approved
    form of investment and gets qualified for
    benefits U/s.80C of the Income Tax Act 1961.
  • Scheme highlights
  • Deposits are done for a maximum of 5 years only.
  • During this period, interest rate is same as term
    deposit from time-to-time and senior citizen is
    entitled for additional interest rates.
  • Minimum deposit is Rs 100 and in its multiples.
  • Periodical interest can be credited either
    cumulatively or non-cumulatively.
  • Rs.1,50,000 is the maximum deposit that can be
    made in a financial year.
  • The deposit made under this scheme cannot be
    withdrawn prematurely nor can be pledged as
    security for loans.

11
V Cash Certificate
  • Safe way to save for future financial aid like
    children's higher education or to build a house,
    etc.
  • Under this scheme, denominations are available in
    multiples of 100/-.
  • Certificates can be chosen from a period ranging
    from 6 months to 10 years.
  • Under this scheme, one can build on the capital
    along the benefit of compound interest.

12
Recurring Deposits
  • Systematic savings through fixed monthly
    installments.
  • Term of the deposit can vary from 6 to 120
    months.
  • Senior citizens are entitled for additional
    interest rate of 0.50 p.a. for deposits ranging
    from 1 year to 5 years.
  • Deposits should be made till the date of maturity
    and can be withdrawn prematurely only under
    special circumstances.

13
V GenUth Unnati Plus Recurring Deposit
  • Special RD scheme to meet the Higher Educational
    needs of Children.
  • This scheme is designed for children age day 1 to
    18 years, but if the child is below 10 years of
    age then, account will be opened as minor by
    guardian account.
  • Monthly installment is fixed.
  • Minimum deposit period is 36 months and maximum
    is 120 months.
  • Transferring money from SB to RD account is
    offered at free of cost.
  • Sanction of Education Loan can be availed at a
    concession of 1 on the prevailing rate.

14
Lakhpati Recurring Deposit
  • This scheme is designed to meet your special
    purposes.
  • Maturity value is defined for Rs.1 lakh and its
    multiples.
  • The deposit period varies from 1 to 5 years.
  • Monthly installments of this scheme is calculated
    based on the maturity amount and maturity period.
  • Transferring money from SB to RD account is
    offered at free of cost.
  • Senior citizens are eligible for additional
    interest rate of 0.50 p.a.

15
Variable Recurring Deposit
  • Depositor has to choose a core monthly instalment
    (with a minimum of Rs.10/- or in multiples of
    Rs.10/-) and he can remit any amount with the
    maximum being 10 times the core monthly
    instalment.
  • Initial deposit is the core monthly instalment
    value and this has to be predefined in the
    account opening form.
  • Time period of this scheme can vary from 6 to 120
    months.
  • Senior citizens are entitled for additional
    interest rate of 0.50 p.a. for deposits ranging
    from 1 year to 5 years.
  • In case the deposit is withdrawn prematurely
    (within 3 months of opening of account), no
    interest should be paid.

16
VIJAYA BANK
  • Vijaya Bank is a PAN India Institution, serving
    diverse sectors of the society
  • The Bank offers a bouquet of innovative and
    attractive products and services to its
    customers. It has also incorporated a host of
    latest Digital Banking products, to provide the
    best services to its customers.
  • Digital Banking services are
  • VPAYQWIK
  • Mobile Banking
  • Net Banking
  • Vijaya UPI
  • Twitter banking and many more
  • For details, visit https//www.vijayabank.com

17
THANK-YOU
About PowerShow.com