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.

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. 1. 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. 2. 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. 3. 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. 4. 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. 5. 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. 6. 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. 7. 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. 8. 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. 9. 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. 10.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. 11.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. 12.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:
1. VPAYQWIK
2. Mobile Banking
3. Net Banking
4. Vijaya UPI
5. Twitter banking and many more…
For details, visit: https://www.vijayabank.com

17. THANK-YOU