Vijaya Bank
The Vijaya Bank was established in Mangalore, Karnataka, in October 1931. A.B.Shetty and other enterprising farmers in Karnataka’s Dakshina Kannada district established the cooperative, which the late Shri A.B.Shetty founded to promote banking habits among farmers.
In 1958, Vijaya Bank was designated as a scheduled commercial bank. Vijaya Bank grew into an all-India bank during the 1963–68 fiscal year by merging nine smaller banks. It was nationalized in the year 1980.
It currently has 1277 branches, 49 extension counters, and 551 ATMs spread across the country’s 28 states and 4 union territories.
Vijaya Bank Offerings
Vijaya Bank offers different types of facilities such as:-
- Deposit Account
- Saving Account:- Vijaya Bank offers 11 different types of savings accounts to meet the financial needs of a wide range of customers, including students, small business owners, salaried workers, and seniors. One can manage money efficiently by switching from a regular savings account to a premium savings account.
- Current Account: To meet the various business requirements, Vijaya Bank provides 18 different types of current accounts to its customers. Current accounts, which primarily deal with liquid deposits, do not have a daily transaction limit and allow easy funds withdrawal.
- Loans Offered
- Home Loan:- Vijaya Bank provides three different types of home loans to its customers at competitive interest rates. An automated repayment is an option available to customers, in which case the EMIs are automatically deducted from their Vijaya Bank Savings Account.
- Education Loan: To help students achieve their career goals and aspirations, Vijaya Bank offers three different types of education loans to those enrolled in prestigious institutions in India and abroad. Customers can also take advantage of the Income Tax Act, 1961 section 80 (E) tax benefits.
- Business Loan:- Vijaya Bank provides its customers with business loans of up to Rs. 50 lakh to help them with their unique business needs. It’s simple to apply for, has competitive interest rates, an overdraft facility, and is available for various terms.
- Personal Loan:- Customers of Vijaya Bank can get a personal loan with low interest rates, no application fees, and no complicated paperwork. Customers can also get a pre-approved loan in 10 seconds and a loan in 4 hours.
- Loan against property:- Customers of Vijaya Bank gives four loans against property to meet personal or business objectives. As a result, customers with low interest rates with no-hassle can obtain 65% of the property value during the application process.
- Car Loan:- Customers of Vijaya Bank can get up to 100% funding for the dream of buying a new car. A customer can choose between 3 different types of car loans, each with a 7-year loan term, as well as quick disbursement and processing options.
- Gold Loan:- Vijaya Bank provides its customers with a gold loan with a minimum of Rs. 25,000 at a flexible interest rate, minimal documentation, and secure storage. Customers can receive funds immediately and repay at their leisure.
- Investment
- Fixed Deposit
- Recurring Deposit
- Card
- Credit Card
- Debit Card
- Banking
- Net Banking
- Mini Statement
- Balance Enquiry
- Customer Care
Vijaya Bank Loans Offered
- Home Loan:- Vijaya Bank home loans include various flexible options and features that benefit borrowers. Vijaya Bank will provide efficient and effective services to help you realize your dream of buying a home without any hassles, with affordable interest rates and a quick disbursement process.
- Education Loan:- With effect from April 1, 2019, Vijaya Bank has merged with Bank of Baroda. The bank offers various education loans with attractive interest rates and benefits to students for everything from elementary school to higher education in India and abroad. For amounts up to Rs.4 lakh, these education loans do not require any security. The repayment period ranges from 10 to 15 years. There is also a moratorium in effect for the duration of the course plus 6 months.
- Personal Loan:- Vijaya Bank provides personal loan to its customers with attractive interest rates, with a loan tenure of 12 to 60 months.
- Loan against property:- Customers of Vijaya Bank can use four loans against property to meet personal or business objectives. 65% of the property value can be obtained by customers, with low interest rates and no-hassle during the application process.
- Car Loan:- Customers of Vijaya Bank can get up to 100% funding for the dream of buying a new car. A customer can choose between 3 different types of car loans, each with a 7-year loan term, as well as quick disbursement and processing options.
- Gold Loan:- Vijaya Bank provides its customers with a gold loan with a minimum of Rs. 25,000 at a flexible interest rate, minimal documentation, and secure storage. Customers can receive funds immediately and repay at their leisure.
Vijaya Bank Gold Loan
Vijaya Bank provides gold loans at competitive interest rates. As one of the major gold loan providers, Vijaya Bank understands the needs of its customers and disburses the loan amount within an hour. You do not need to be concerned about the safety of the gold pledged because it is safely locked in the bank locker. Furthermore, before sanctioning the loan amount, the gold rates and all other charges are communicated to you upfront and transparently. As a result, you don’t have to be concerned about the gold loan’s hidden charges and fees.
Features of Gold Loan
- Purpose:- Vijaya Bank gold loan provides customers with a convenient way to meet various personal needs such as weddings, education, and business expansion.
- Minimum Loan Amount:- A loan of INR 1000 is the minimum loan amount.
- Maximum Loan Amount:- Because it is a secured loan, there is no upper limit on the Vijaya Bank gold loan.
- Gold Loan Repayment Period:- The repayment period for a Vijaya Bank gold loan ranges from 12 to 30 months.
- Processing Fees:- On a Vijaya Bank gold loan, the borrower is not required to pay a processing fee.
- Prepayment Fees:- The Vijaya Bank gold loan has no prepayment fees.
- Up to 11.95% in interest is charged on Vijaya Bank gold loans.
Vijaya Bank Personal Loan
Loans from banks and non-banking financial institutions (NBFIs) such as Vijaya Bank are available as personal loans, unsecured loans for which collateral is not required. Because this is a high-risk loan for the bank or NBFC, interest rates will be higher than those on secured loans. However, it is also important to note that an unsecured personal loan is a multifunctional loan that is ideal for immediate cash requirements such as medical emergencies, personal expenses, travel, and so on.
Features of Personal Loan
- Maximum Loan Amount Obtainable
- Options for Flexible Repayment.
- Less Documentation
- Rapid Approval
- Lowest Interest Rates
Vijaya Bank Car Loan
Vijaya Bank provides Car Loans at reasonable interest rates to their customers to purchase their dream car, whether new or used. You can easily obtain a car loan if you have a good credit/CIBIL score.
Features of Car Loan
- Nominal documentation: It is available with minimal documentation. A lengthy list of documents is not required for a Vijaya Bank car loan.
- Complete transparency: There are no additional fees to consider. Additional charges will be mentioned at the time of applying for a car loan.
- Low down payment: Vijaya Bank car loans are available with 15% for new vehicles and 30% for used vehicles.
Vijaya Bank Home Loan
Vijaya Bank home loans include a variety of flexible options and features that benefit borrowers. Vijaya Bank will provide efficient and effective services to help you realize your dream of buying a home without any hassles, with affordable interest rates and a quick disbursement process.
Features of Home Loan
- Vijaya bank home loan can be used for a variety of purposes, including the purchase or construction of a flat or house and the renovation or improvement of a property.
- The takeover of Housing Loans from Other Banks: Vijaya Bank also permits the takeover of housing loans from other financial institutions and banks and provides loans to purchase a plot or site and the subsequent construction of a home.
- High Loan Quantity: Applicants are offered a high loan quantum according to their requirements.
- Terms of Repayment are Variable: A comfortable repayment period of up to 30 years is available.
Vijaya Bank Credit Card
Vijaya Bank provides its customers with a diverse range of products and services, the most popular of which is its credit cards. Credit cards are divided into two categories: domestic & global. Domestic credit cards are accepted throughout India and Nepal, whereas Global cards are accepted worldwide. Customers can use these cards for any purpose and earn rewards at the same time.
- Vijaya Bank’s global cards can be used anywhere in the world, while the bank’s domestic cards can be used anywhere in India and Nepal.
- Vijaya Bank provides Visa and MasterCard credit cards in its domestic and global card categories. The cards are available in classic, city, gold, and platinum variations. Aside from that, the bank provides doctors and nurses with special credit cards.
- Vijaya Bank protects its cardholders against fraudulent transactions that may occur if their credit cards are lost.
- The bank sends credit card transaction information to its cardholders via email once a week and on the date of billing. The bank does not charge any fees for delivering these bills.
- Customer Service is available 24 hours a day, 7 days a week.
For any questions regarding their credit cards, cardholders can contact the customer service centre.
Vijaya Bank Net Banking
With technological advancements, banking has moved from a cubicle to your fingertips. Users can conduct all banking transactions from the comfort of home using a smartphone or laptop. Today, almost all financial institutions provide online banking. Vijaya Bank provides its customers with a wide range of financial products and services, including internet banking. To use these services, one must first register for Vijaya Bank net banking. Vijaya Bank’s internet banking is also known as V-net Banking.
Vijaya Bank Customer Care Number
NEW DELHI
Anand Vihar:- 011-22371990
Janakpuri Branch:- 011-25545380
Chandni Chowk:- 011-23860428/23860574
Delhi Cantt:- 011-25691682
Dwarka:- 011-28034208
Vasant Kunj:- 011- 26895589
Karol Bagh:- 011 –28752445
Rajouri Garden:- 011-25106150
MUMBAI
Malad:- 022-28886126
Mulund:- 022-25652424
Juhu:- 022- 26708935
KOLKATA:- 033-22488097
Hooghly:- 033-26528730
CHENNAI:- 044:– 25341587/25345602
HYDERABAD:- 40-23401177
BANGALORE CITY URBAN:-080-25582123
BANGALORE RURAL:- 080-27683954
AHMEDABAD: 079:– 26588263/8980600272
Vijaya Bank Customer Complaints
Customers can contact the bank via a toll-free number if they have any questions or complaints. All Indian residents have access to this toll-free number. This number can also be used at any time of the day or night, i.e., 24/7.
Toll-free numbers for Vijaya Bank are 1800-425-5885/4066/9992.
How to Open a Savings Account in Vijaya Bank
Step 1:- Visit Vijaya Bank Account Branch
Step 2:- Filling up Account Opening Form (AOF) details, like name, address, contact number, email id, PAN, type of account to be opened, nominee’s name, etc.
Step 3:- Mandatory Documents for Account Opening Form (AOF)
Step 4:- Verification of Documents by the Banker
Step 5:-Minimum deposit into your Savings Account in accordance with your Savings Account requirements.
Step 6:-Get your bank’s cheque book, passport, debit card, and any other necessary documents.
How to Open a Current Account in Vijaya Bank
Step 1:- Visit Vijaya Bank Account Branch.
Step 2:- Filling up Account Opening Form (AOF) details, like name, address, contact number, email id, PAN, type of account to be opened, nominee’s name, etc.
Step 3:- Mandatory Documents for Account Opening Form (AOF).
Step 4:- Verification of Documents by the Banker.
Step 5:-Minimum deposit into your Current Account in accordance with your Current Account requirements.
Step 6:-Get your bank’s cheque book, passport, debit card, and any other necessary documents.
Vijaya Bank FAQs
✅ Which bank has been merged with Vijaya Bank?
The Bank of Baroda, with effect from April 1, 2019, Vijaya Bank and Dena Bank merged with Bank of Baroda.
✅ What is the current account’s minimum balance?
A minimum balance of Rs. 10,000 is required to open a Normal Current Account.
