Two or more individuals can start a joint savings account payable to all of them or any one or any of the survivors.

1. Savings Bank Account of
Vijaya Bank

2. Savings Bank Account
● Who can open an account:
○ An individual
○ Two or more individuals can start a joint savings
account payable to all of them or any one or any of
the survivors.
○ A guardian on behalf of a minor provided the birth
certificate is available.
○ A minor above the age of 12, who can produce the
necessary documents; date of birth certificate
issued by the concerned authorities. (Max balance
for this account is restricted to Rs.10,000/-)
○ Authorised officers, managers, secretaires,
treasurers of school, religious or charitable
institutions or such institutions in their name, giving
clear operational instructions and furnishing all the
necessary documents.

3. ● KYC Compliance:
○ The prospective customers/account holders are required to comply to the ‘Know Your
Customer (KYC)’ norms by producing any one of the documents for both the address and
identity proof.
○ Proof of Identity
■ Passport
■ PAN Card
■ Voter ID Card
■ Driving License
■ Letter from a public servant/public authority verifying the address and identity of the
customer; subjected to Bank’s satisfaction.
○ Address proof
■ Telephone Bill
■ Ration Card
■ Electricity Bill
■ Bank Account Statement
■ Letter from recognised public authority
■ Employer letter; subjected to Bank’s satisfaction

4. ● Minimum Balance:
○ For opening & maintaining an SB account:
■ Urban/Metro - Rs.2000
■ Rural/Semi-urban - Rs.1000
○ Special category (students/pensioners)
■ Rs.500 for all areas
Penalty/Service charge will be levied if the balance falls below the prescribed limit.
● Restrictions on withdrawals:
○ Maximum withdrawals other than through the ATMs are restricted.
○ Service charges levied at present when withdrawals exceeds the limit
■ If cheque withdrawals exceeds 50 per calendar year, then charges are:
● Rs.10/- per cheque for non-individuals
● For Individuals
○ Rs.10/- per cheque for non-rural area.
○ Rs.5/- per cheque for rural area.

5. ● Inoperative Accounts:
○ If the account is not operated for more than 24 months, then it will be transferred to
‘Inoperative Account’.
○ Inoperative accounts with zero balance will be closed and will not be reviewed for bringing
the account back to ‘Operative’ status.
○ ‘Anywhere Banking facility’ is barred for this account and it can be operated only at the base
branch.
○ Cheques and credits received on this account in other than base branch will be returned, with
the reason “Inoperative Account. Present in base branch” and “Inoperative Account – Credit
at the base branch” respectively.
● Dormant Accounts:
○ ‘Inoperative Account’ which are not operated for more than 36 months will be treated as
‘Dormant Account’.
○ These accounts are not eligible for operations. However the balance can be claimed by the
account holder after providing necessary documents at the base branch.
○ These accounts attract service charges same as the ‘Inoperative Account’.
○ These accounts tending to zero balance while collecting service charges/otherwise, will
automatically get closed.

6. ● Types of Savings Bank Account at Vijaya Bank:
○ V Payroll Savings Bank Account
○ V Genuth Savings Bank Account
○ V Balika Savings Bank Account
○ V Platinum Savings Bank Account
○ V Basic SB
○ V Plus Savings Bank Account

7. V Payroll Savings Bank Account:
● Focus is on salaried class; working in corporations, institutions , companies, Govt. dept etc.
● Eligibility: The organization should have a minimum of 10 employees.
● Average salary requirement: Not less than Rs.5000 per month.
● Minimum balance: Zero
● ATM withdrawal limit: Rs.30,000 per day.
● Processing Fee Waiver: There is no processing charge for V-Cash, V-Wheels and Housing
Loans
● Handling Charges: Cash handling charge is free up to 2 Lakhs per month.
● Privilege Accounts: Executive of the corporate/company whose minimum salary per month is
Rs.50,000 and above will be offered V-Platinum Savings bank Account.

8. V Genuth Savings Bank Account:
● Students (undergoing various courses) and kids (from
age day 1) are eligible for this scheme.
● This account scheme can be opened with a minimum
initial amount of Rs.10 and can be continued with
zero balance.
● Upon parent authorization, children above 12 years
can get add-on Credit Card and ATM Card.
● Cheque books are provided and withdrawal facility is
made available for kids above the age of 12.
● Transfer of money from Parents account to child’s
account is free.
● Internet banking facility is provided on request.
● Payment of school fees, hostel fees etc is free of
transfer fee in this account.
● When the balance in this account exceeds Rs.10,000,
it is transferred to term deposit account in multiples of
Rs.5000.

9. V Balika Savings Bank Account:
● This National scheme was launched by the Government of India for providing incentives to girls for
Secondary Education
● The main aim of this scheme is to reduce school drop-outs and also to promote the enrollment of girl
child.
● Under this scheme, eligible girls will receive Rs.3000 deposited by specific authorities along with the
interest upon compliance of the scheme conditions.
● There are 2 deposit scheme under this:
○ V-Balika Savings Bank Account:
■ Girl children below the age of 16 under the following categories are eligible to open the
account
● All SC/ST girls who have passed class VIII
● All the girls who have passed class VIII from Kasturba Gandhi Balika Vidyalaya
(irrespective of whether they belong to SC/ST)
● The girl child should be unmarried.
● The girl child should be enrolled for class IX in state/Union Territory - Government,
Government aided or local body school.
■ The account can be opened with zero balance and the interest rate is same as the
Savings Bank Account.
○ V-Balika Term Deposit Account (VSU Cumulative):
■ After the incentive of the V-Balika Savings Bank account credit is received, the amount is
transferred to the V Balika Term Deposit Account.

10. ● Period of Deposit: It is calculated from the date at which the deposit was till the date at which the
girl attains the age of 18 years.
● Rate of Interest: The interest will be cumulative and it will be the same as the Domestic Term
Deposits as on the date of issue of Deposit Receipt.
V Platinum Savings Bank Account:
● Under the scheme, customers who maintain certain minimum balance get add-ons from the bank.
● Some of the highlights of the scheme are:
Particulars Individuals/ HUF Institutions /
Organisations
Maximum Number of free Withdrawal
(beyond 50 free withdrawals)
50 transactions p.a. Free
Cheque book charges 200 Leaves free in a year Free
Mobile Banking Charges (IMPS) Free Free
Net Banking Charges Free Free
Monthly e-statement through email. Free Free

11. ● Minimum Quarterly Average Balance to be maintained
V Basic SB:
● V-Basic Savings Bank Deposit Account is for those who comply with the KYC norms.
● As per bank guidelines, loans can be extended to this account holder.
● This account is opened with initial deposit of Rs.10 and can be continued with zero balance.
● RuPay branded debit card is issued free of cost. If PAN is not available, branch can get declaration
in Form 60/61 and issue ATM debit card.
● There is no charges for non- operation / activation of inoperative account.
● Account holder of V-Basic Savings Bank deposit is not eligible for any other savings bank account.
In case of any other SB a/c, it should be closed within 30 days of opening this BSB account.
Category Individual/HUF Institutional/Organisation
Metropolitan/Urban Rs.1,50,000/- Rs.5,00,000/-
Semi - Urban/Rural Rs.1,00,000/- Rs.5,00,000/-

12. ● V-Basic Savings Bank Deposit – Small Account: For those who comply to only the simplified KYC
norms
● Features other than above mentioned conditions are:
○ The total aggregate of all withdrawals and transfers should not exceed Rs.10,000 per month.
○ Account balance should not exceed Rs.50,000 at any point of time.
○ The total credit should not exceed Rs 1 Lakh in a financial year.
V Plus Savings Bank Account:
● Rs.25,000 is the minimum balance requirement.
● Excess amount above the minimum balance is moved into term deposit account in multiples of
Rs.10,000.
● Whenever the balance goes below the minimum balance prescribed; the remaining money is
transferred from the term deposit to the V-Plus SB account.
● In case the minimum balance of the V-Plus SB account remains below the minimum balance
requirement, then the account will be transferred to ordinary SB account, after closing all V-Plus
Term Deposits under the account.

13. 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:
1. VPAYQWIK
2. Mobile Banking
3. Net Banking
4. Vijaya UPI
5. Twitter banking and many more…
For details, visit: https://www.vijayabank.com

14. THANK-YOU