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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