Vananchal Gramin Bank
Vananchal Gramin Bank is an RRB (Regional Rural Bank) established on 30 June 2006 after amalgamating two banks erstwhile, namely Santhal Parganas Gramin Bank and Palamau Kshetriya Gramin Bank under the provisions of RRB Act 1976.
But on 1 April 2019, it amalgamated with erstwhile Jharkhand Gramin Bank under the provisions of RRB Act 1976 and is now known as Jharkhand Gramin Bank.
Vananchal Gramin Bank Offerings
- Credit card
- consumer banking
- corporate banking
- finance and insurance
- investment banking
- mortgage loans
- private banking
- private equity
- wealth management
Vananchal Gramin Bank Loans Offered
- Gold Loan
- Personal Loan
- Agriculture loan
- Education loan
- SME loans
Vananchal Gramin Bank Gold Loan
Gold Loan can meet all your essential short term and long term fiscal requirements. However, the rate of interest that you will be priced depends on the total loan amount and the quality/purity of the gold you are to keep as security with the bank. The Jharkhand Gramin Bank offers gold Loan interest rates lower than other loans because it is a wholly guarded loan.
The Gold Loan interest rates in the Vananchal Gramin Bank (Jharkhand Gramin Bank) starts at 7% per annum.
Vananchal Gramin Bank Personal Loan
Personal loans are unsecured loans offered by financial institutions based on employment history, repayment capacity, income level, profession, and credit history. Personal loans, also known as consumer loans, are multi-purpose loans that can be used to meet any of your immediate needs.
| Eligibility Criteria | Details |
| Age | 21-54 (at loan maturity) |
| CIBIL Score | Minimum 7500 or above |
| Jharkhand Gramin Bank Personal Loan Interest Rate | 9.99% per annum |
| Lowest EMI per lakh | Rs 2363 |
| Tenure | 12 to 60 months |
| Jharkhand Gramin Bank Personal Loan Processing Fee | 1%-2% |
| Prepayment Charges | Decided by Bank |
| Minimum Loan Amount | No Limit |
| Maximum Loan Amount | ₹2 Lakh |
Vananchal Gramin Bank Car Loan
Jharkhand Gramin Bank offers Car Loans at attractive interest rates to consumers so that they can purchase their dream car, whether new or used. It is an easily accessible loan that anyone can obtain, even with a slightly low credit/CIBIL score.
Key Features
| Interest Rate | 7.05% per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount
(Loan to Value) |
Loan up to 85% of On Road Price
or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,544 |
| Minimum Net Monthly Income | ₹ 20000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | Nil |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation |
Vananchal Gramin Bank Home Loan
A home loan is a type of secured loan that a customer can use to buy a house. The property can be an under-construction or ready property from a developer, the purchase of a resale property, the construction of a housing unit on a plot of land, the improvement and extension of an existing house, or the transfer of your current home loan from another financial institution to Vananchal Gramin Bank. A housing loan is repaid through equated monthly instalments (EMI), which include a portion of the borrowed principal and interest.
Why should one choose Vananchal Gramin Bank Home Loan?
- Vananchal Gramin Bank offers a variety of Home Loan Schemes to meet the needs of its customers.
- The interest rate is very competitive and reasonably priced.
- Documentation is minimal.
- Borrowers can choose from a variety of flexible repayment options.
- Home loans are approved and disbursed quickly and easily.
- Has a dedicated crew of skilled employees who provide personalised service.
- Vananchal Gramin Bank’s customer service is available 24 hours a day, seven days a week.
Vananchal Gramin Bank Credit Card
Vananchal Gramin Bank has introduced the Vananchal Gramin Bank Kisan Credit Card to provide farmers with adequate, hassle-free, and timely credit for agricultural and allied expenses through a single window.
Objective
To provide Crop Loans for raising crops under different seasons.
Eligibility
- Farmers who cultivate their land
- Tenant farmers, oral lessees, sharecroppers, and SHG and JLG farmers are eligible.
- Should not be a bank or financial institution defaulter
Credit Limit
Crop finance scale determined by the District Level Technical Committee (DLTC) plus crop insurance premium.
Margin
To be decided by the bank as per RBI guidelines.
Security
To be decided by the bank as per RBI guidelines.
Vananchal Gramin Bank Net Banking
Internet banking has wholly transformed how most people manage their bank accounts. Because of its convenience and approachability, it has become one of the most popular financial transactions. Customers can use internet banking to view account statements, pay credit card bills, instantly transfer funds, and pay for online shopping sprees. Furthermore, the ease of not visiting the bank and waiting in long lines adds to the appeal of conducting financial transactions online. This service is also available to customers of Vananchal Gramin Bank.
How to view account balance in the net banking portal?
- Firstly visit the play store/ app store of your app and download the official net banking app of Jharkhand Gramin bank.
- Now on the login screen
- Type your credentials, and now click on the login.
- Go to the account tab
- And the amount displayed here is your balance.
Vananchal Gramin Bank Customer Care Number
HEAD OFFICE
Vananchal Gramin Bank,
Head Office,
Municipality Chowk, Dangalpara,
Dumka-814101(Jharkhand)
Phone No. “222401, 226289, Fax “(06434) 222401/222742
e-mail: vgbhodumka@gmail.com, vananchaldumka@rediffmail.com
Regional Office-I
Vananchal Gramin Bank,
Regional Office-I,
Saith Surajmal Jalan Road
Caster Town,
Deoghar- (Jharkhand)
Phone & Fax:- 06432-240298
e-mail: vgbrodeo@gmail.com, vgbrodeo@yahoo.in
Regional Office-II
Vananchal Gramin Bank,
Regional Office-II,
Asarfi Market
Godda- (Jharkhand)
Phone & Fax- 06422 – 221091, regionaloffice2@rediffmail.com
Regional Office-III
Vananchal Gramin Bank,
Regional Office-III,
Church Road, Daltonganj
Palamau-822101 (Jharkhand)
Phone & Fax-06562-222018
e-mail: vgbro3daltonganj@gmail.com
Regional Office-IV
Vananchal Gramin Bank,
Regional Office-IV,
Chinia More,
Garhwa (Jharkhand)
Phone & Fax – 06562-230304
e-mail: vgbro4daltonganj@gmail.com
Vananchal Gramin Bank Customer Complaints
You can complain to your bank branch if you have any complaints or grievances. Still, if the complainant does not receive a response from the bank within 30 days, or if the bank rejects the criticism, or if the complainant is dissatisfied with the bank’s response, they may file a complaint with the Banking Ombudsman.
How to Open a Savings Account in Vananchal Gramin Bank
To open a savings bank account in Saurashtra Gramin Bank, you need to follow the below-mentioned steps:
(1) Personally Visit Saurashtra Gramin Bank Branch
Firstly, you will require to tour the bank branch in which you want to open your account.
(2) Fill out the Savings Account, Account Opening Form.
First, get the form from there and fill all the mandatory details of the customer’s information and other information in the different sections given in the designated form like name, address, contact number, e-mail id, PAN, type of account to be opened, nominee’s name, etc.
(3) Attach Required all the Mandatory Documents with the Account Opening Form (AOF)
After filling out the account opening form, you need to attach KYC documents like PAN, Proof of Address & Proof of Identity.
Some banks make it mandatory to provide a Permanent address and telephone number.
(4) Verification process will start now
The banker will verify the Account Opening Form and other attached documents. If he is happy with these requirements, he will proceed further.
(5) Now, deposit the Minimum Balance Amount into your Savings Account per the requirements of your Savings Account.
After verifying the banker’s Account Opening Form (AOF) & Other Documents, you will be allotted an account number. You will then be obligated to deposit the least requisite balance in your account as per the account type of the savings bank account.
(6) Now go to the bank and get the Cheque Book, Passbook, Debit Card, and other documents.
Once your account has been successfully opened, the banker will hand over the Cheque Book, Passbook, Debit Card, and Other Documents to you, and you will be able to make transactions from your account.
How to Open a Current Account in Vananchal Gramin Bank
If you require to initiate a current account in Vananchal Gramin Bank, you need to follow these simple below-mentioned steps:
(1) Visit the Bank Branch
For this, first, you need to visit the bank branch in which you need to open your account.
(2) Fill the Account Opening Form (AOF) for Current Account
Get the Account Opening Form and fill in all the necessary details of the customer’s information and other information in the different sections given in the form like name, address, contact number, e-mail id, PAN, type of account to be opened, nominee’s name, etc.
(3) Attach Required Documents with the AOF
After finishing the account opening form, you must attach KYC documents based on the type of account you wish to open, such as a savings account, a current account, and so on. These documents will also be dependent on your legal status, such as Individual, HUF, Proprietor, Partnership Firm, Company, Trust, and so on.
(4) Get your AOF & Other Documents by the Banker
The banker will verify the AOF and other attached documents. They will proceed if he is satisfied with these requirements.
(5) Deposit the Minimum Balance Amount in the Account
After it, you will be assigned an account number, and you are needed to submit the minimum required balance in your account.
(6) Obtain your Cheque Book, Passbook & Other Documents from the Bank
After that, the bank will be successfully open your account, and the banker will hand over Cheque Book, Passbook & Other Documents to you, and then you will be allowed to start the activity from your account.
Vananchal Gramin Bank FAQs
✅ How do I check my Vananchal Gramin balance?
The Vananchal Gramin Bank Balance Enquiry Service is available throughout the day. Customers can make requests at any time and from any location using their registered mobile number. Send a missed call from your registered mobile number to (06434)-222401 to receive an SMS with your account balance right away.
✅ Which state the Vananchal Gramin Bank belongs to?
It belongs to the Jharkhand state of India.
✅ What is the IFSC code of Jharkhand Gramin bank?
SBIN0RRVCGB is the IFSC code of Jharkhand Gramin Bank.
