Vijaya Bank

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About Vijaya Bank

Vijaya Bank
Vijaya Bank is one of the medium sized banks in India with substantial presence in most parts of the country. It's Mr. A. B. Shetty along with few other enterprising farmers from Mangalore in the state of Karnataka, who established Vijaya Bank on October 23, 1931. The goal was to promote the habit of banking, savings and entrepreneurship among the farmers in Dakshina Kannada district of the state. It became a scheduled bank of India in 1958. Vijaya Bank is also one of the very few banks in India that has principal VISA International and MasterCard International membership.

The Growth

Since its inception, Vijaya Bank went through a steady growth and became a large All India bank. From 1963 to 1968, nine smaller banks merged with Vijaya Bank. Mr. M. Sunder Ram Shetty, the then Chief Executive of Vijaya Bank, played an instrumental role in the amalgamation. On April 1980, Vijaya Bank became nationalized. Currently, this Indian bank has an extensive network of 1,124 branches, 43 Extension Counters and more than 375 ATMs across the nation. It also has a dedicated workforce of 11,746 employees.

Products and Services

Vijaya Bank offers a range of financial products and services to its customers. It also has services for the NRIs. Following are the products and services offered by Vijaya Bank to its customers:
  • Deposits
  • Loans & Advances
  • NRI Services
  • Remittance / Collection
  • Credit Cards
  • Forex
  • Other Services


Vijaya Bank offers following deposit facilities:
  • Savings Bank
  • V Payroll SB a/c
  • V Genuth SB a/c
  • V Balika SB a/c
  • V Platinum Savings Bank
  • Vijaya Saral
  • Current Account
  • VStar Savings
  • Term Deposits
    • Recurring Deposits
    • VCash
    • Vijayashree Units
    • Fixed
    • V Balika Deposit
    • Jeevan Nidhi
    • Capital Gains Accounts
    • Vijaya Tax Savings Scheme

Loans & Advances

Vijaya Bank offers a wide array of loans and advances to its customers. Those can be listed as below:
  • Retail Lending Schemes
    • Vijaya Home Loan
    • V Niwas
    • V Mortgage Loan
    • V Wheels
    • V Equip
    • V Rent
    • V Cash
    • V Rakshak
    • V Shikshak
    • V Swashakti
    • V Professional
    • V Solar
    • V IPO
    • Trade Finance
    • Education Loan
    • Jewel Loans
    • Vijaya Gold Cash Credit
    • Loans to Transport Operators
    • V Reverse Mortgage
  • Loans Against
  • Non Fund Based
  • Advances to Agriculture, MSME and Others
  • Government Sponsored Schemes
    • Prime Minister's Rozgar Yojana
    • Swarna Jayanti Gram Swarozgar Yojana
    • Scheme for Liberation and Rehabilitation of Scavangers
    • Golden Jubilee Rural Housing Scheme
    • Differential Rate of Interest Scheme
  • Special Schemes for Women
  • Facilities to Minority Communities

Home Loans

Vijaya Bank Home Loans are available for the purpose of construction or acquisition of houses or flats. These loans are also available for the renovation or repair of existent houses and flats. Customers can also buy plots with the help of Vijaya bank housing loans and access it to a whole lot of other related uses.

Car Loans

Vijaya Bank Car Loans are available under the loan scheme called V Wheels. This loan can be availed for purchasing brand new cars or two-wheelers. Vehicles financed through this Vijaya bank loan scheme can be used for business, private or professional purposes. V Wheels financing scheme is also available for buying used cars or two-wheelers, provided they are five years old at the maximum.

Education Loans

Vijaya Bank Education Loans are available for students, who are Indian nationals. For accessing this loan the applicant needs to secure an admission to an Indian or an Overseas university. The selection process ought to be a merit based one. Loan is provided for some specified technical or professional study courses only.
The upper loan ceiling for the Vijaya Bank Education Loan scheme for studying abroad is `20.00 lakhs. The comparable figure for studying in India is `10.00 lakhs. A detailed list of institutions and courses for which educational finances are available is provided by the bank.

Vijaya Bank Loan schemes are also available for purchasing consumer durables as well as for meeting the short term credit needs of customers. Customized schemes for women entrepreneurs,transport operators, defense personnels, teachers, NRIs to name a few are also on the offering from the bank.

NRI Services

Vijaya Bank offers following services for the NRIs:
  • Deposits
    • NRE
    • FCNR
    • Ordinary Non Resident A/c
    • Resident Foreign Currency
    • Deposit A/c (RFC)
  • Loans
    • Housing Loan
    • Loans Against Shares, Securities
  • Remittances

Remittance / Collection

Following services are offered by Vijaya Bank under this category:
  • FOREX Remittances
  • Inland Remittances
  • Electronic Remittances Services
  • Inward / Outward Collection Instruments

Cards Services

Vijaya Bank offers various types of cards to its customers. Following are those:
  • Domestic Cards
    • VISA Classic Credit Card
    • MasterCard Classic Credit Card
    • Vijaya Platinum Card
    • VISA Gold Credit Card?
  • Global Cards
    • MasterCard Global Credit Card
    • Visa Classic International Card
    • VISA City Specific Card
    • VISA Doctor's Card
    • VISA Nurse's Card
  • Debit Cards
    • VISA Debit Card

Other Services

Vijaya Bank also offers a few more services to its customers which can be listed as below:
  • Merchant Banking
  • Vijaya Raksha
  • Service Charges
  • Pension Payments
  • Mobile Banking


Vijaya Bank
41/2, M. G. Road
Trinity Circle, Mahatma Gandhi Road
Bangalore - 560001
Tel: +91-80-25550693
Toll Free No: 18004255885/18004259992

Last Updated on May 20, 2015