Tuesday, July 3, 2012

V-Vriddhi deposit scheme by Vijaya Bank


VijayaBank has started a 100 day campaign on June 1that will end on September 8. Bank has launched a new scheme, named as V-Vriddhi term deposit scheme which is a 400 day fixed deposit scheme providing interest rate of 9.75% per annum.
It has also offered a V-Vriddhi Recurring Deposit Scheme with higher rate of interest at fixed maturity period.
Apart from these, the processing fees in home loans and vehicle loans are waived off. Home loan starts at 10.55% and the vehicle loan at 11.20%. The vehicle loan borrowers will enjoy concession of 10- basis points and home loans buyers can avail concession of 20- basis points.
Also, the campaign will offer a savings bank product with many benefits. Such a campaign will help the bank to acquire more customers and enhance its retail business.

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