• Vijaya Bank FD Rates 2021

    Vijaya Bank is among the most reputed public sector banks in the country. Established in 1931 and headquartered in Bengaluru, Vijaya Bank offers a series of financial products and services to customers. One of the products Vijaya Bank offers its customers is the fixed deposit account with attractive and competitive interest rates and increased tenure options.

    There are various types of term deposits offered by Vijaya Bank. They are:

    • Fixed Deposit
    • Jeevan Nidhi Deposit
    • Vijaya Tax Saving Scheme

    The minimum amount required to open a Vijaya Bank term deposit account is Rs.50.

    Vijaya Bank has now merged with Bank of Baroda.

    Interest rates for Vijaya Bank term deposit of less than Rs.2 crore

    Tenure Interest rate for genral public (% p.a.) Interest rate for senior citizens (% p.a.)
    7 days to 45 days 2.90% 3.40%
    46 days to 180 days 3.90% 4.40%
    181 days to less than 1 year 4.40% 4.90%
    1 year 5.10% 5.60%
    Above 1 year to 400 days 5.10% 5.60%
    Above 400 days less than years 5.10% 5.60%
    Above 3 years to less than 5 years 5.30% 5.80%
    Above 5 years to 10 years 5.30% 6.30%*

    *Special rate valid till 30 September 2020 in response to the Covid-19 crisis.

    Short-term Fixed Deposit

    • The tenure for a short-term fixed deposit ranges from a minimum of 1 week to 1 year.
    • Rate of interest for a short-term FD ranges from 2.90% per annum to 4.40% per annum for regular citizens.
    • Senior citizens are entitled to receive additional interest for a minimum tenure of 1 year.
    • Minimum rate of interest is received for a tenure of 1 week to less than 1 month at 2.90% per annum.
    • For a tenure of 1 month to 45 days, interest rate is 2.90% per annum.
    • 3.90% per annum is the rate of interest for a tenure of 46 days to 3 months.
    • Customers investing for a period of more than 3 months to 6 months will get an interest of 3.90% per annum.
    • Interest for a period of more than 6 months to less than 9 months is 4.40% per annum.
    • 4.40% per annum is the rate of interest for a period of more than 9 months to less than 1 year.
    • A deposit for a fixed period of 1 year will receive an interest of 5.10% per annum for regular citizens. For senior citizens, rate of interest is 5.60% per annum.

    Vijaya Bank medium-term Fixed Deposits:

    • For a tenure of more than 1 year to 5 years, it can be termed as a medium-term deposit.
    • The rate of interest ranges from 5.10% p.a. to 5.30% p.a. for regular citizens and 5.60% p.a. to 5.80% p.a. for senior citizens.

    Vijaya Bank Long-term Fixed Deposits:

    • A period of more than 5 years is a long-term fixed deposit.
    • Rate of interest is same as that of medium-term deposits. 5.30% per annum for regular citizens and 6.30% per annum for senior citizens. The rate for senior citizens is a special rate in light of the COVID-19-related economic crisis. This rate will be applicable till 30 September 2020.

    Interest rates for Vijaya Bank term deposit of more than Rs.2 crore are:

    Tenure bracket FD rate of Interest (per annum)
    7 days to 180 days 3.00%
    181 days to less than 1 year 3.15%
    1 year to 10 years 3.80%

    Vijaya Bank Term Deposits for Non-Resident Indians

    Apart from providing term deposits for domestic citizens, Vijaya Bank also offers term deposit accounts for NRIs as well.

    Fixed deposits for NRIs are classified into 4 types. NRO fixed deposit, NRE fixed deposit, FCNR term deposit and RFC term deposit.

    In the case of a NRO and NRE fixed deposit, deposits can be made in the Indian currency only whereas for FCNR and RFC deposits, foreign currencies are accepted.

    Vijaya Bank NRO term deposit

    The amount in an NRO term deposit is subjected to TDS. The interest rates for NRO term deposits are the same as the domestic interest rates.

    NRE term deposit by Vijaya Bank

    The NRE term deposits are for a minimum of 1 year to more than 5 years. There is no additional rate of interest for senior citizens. The amount present in a NRE term deposit is fully repatriable and is not subjected to tax deductions.

    The interest rates for NRE term deposits of less than Rs.2 crore

    Tenure bracket Regular FD rates (per annum)
    1 year to 3 years 5.10%
    3 years to 10 years 5.30%

    The interest rates for NRE term deposits of more than Rs.2 crore

    Tenure bracket Regular FD rates (per annum)
    1 year to 10 years 3.80%

    Vijaya Bank FCNR term deposits

    For the customers who want to deposit their money in a fixed deposit account but in their foreign currency, can opt for a FCNR term deposit.

    This type of term deposit for NRIs accepts deposits in major foreign currencies around the world such as the Euro, Great Britain Pound, United States Dollar, Canadian and Australian Dollar.

    The minimum tenure for a FCNR deposit is 1 year and the maximum is 5 years.

    Interest rates for FCNR term deposits are:

    FCNR (B) FD rates (per annum)
    12 months to less than 2 years 0.68% 1.15% 0.13% 1.55% 0.90% 0.21%
    24 months to less than 3 years 0.74% 1.12% 0.06% 1.29% 0.87% 0.18%
    36 months to less than 48 months 0.79% 3.76% 0.05% 1.35% 0.86% 0.17%
    48 months to less than 60 months 0.90% 1.33% 0.11% 1.22% 0.87% 0.16%
    5 years only 0.98% 1.38% 0.13% 1.28% 0.90% 0.16%

    Interest rates effective from 1 June 2020.

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    Vijaya Bank Fixed Deposit Reviews

    • Vijaya Bank
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a fixed deposit with the Vijaya Bank. I deposited 2 Lacs, the interest rate is 7.6 %, the tenure of the FD is 2 years. Comparatively the interest ate is low. I never faced any issues with their services.
      Was this review helpful? 12
      , ahmedabad
      Reviewed on Jul 28, 2018
    • Vijaya Bank
      Vijaya Bank
      "Happy service"
      0.5 4.0/5 "Great!"
      My fixed deposit account was maintained with Vijaya Bank. Its a one time investment of 3L. The branch is near to my place and they send the statements to my email address. They have guided me on online facilities, they were really helpful to me.
      Was this review helpful? 4
      , chennai
      Reviewed on Jan 02, 2018
    • Vijaya Bank
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Vijaya bank and the interest rate is around 6.5% and the customer service is good one , also they are nearby my locality and also the access is really friendly. Online services are good one with the Vijaya bank.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 09, 2017
    • Vijaya Bank
      "Better returns"
      0.5 4.0/5 "Great!"
      I have a Fixed deposit with Vijaya Bank. Their interest rates are good since its a nationalised bank. They gave me an interest rate of 9% before tax deductions and it is a one year scheme. Its highly recommendable being secure and yielding good returns.
      Was this review helpful? 4
      , secunderabad
      Reviewed on Mar 17, 2016
    • Vijaya Bank
      "Good Rate "
      0.5 3.0/5 "Satisfactory"
      Interest rate offer by viajay bank for the fixed deposit is 8.86% for the minimum lock in period of 12 months. In case the tenure is increased the interest rate will also increase. There is no activation charges. In case we break the tenure in between then interest will not be calculated. . Online facility is available.
      Was this review helpful? 14
      , mumbai
      Reviewed on Dec 31, 2015
    • Vijaya Bank
      "It is good"
      0.5 4.0/5 "Great!"
      Vijaya bank is the best one to have the fixed deposit because of the service like they used to listen customers properly. Rate of interest got reduced up to 8% as around, which is low. The minimum lock in period is around 24 months of time. Rather than rate of interest they are good.
      Was this review helpful? 8
      , lucknow
      Reviewed on Nov 04, 2015
    • Vijaya Bank
      0.5 4.0/5 "Great!"
      I have a Fixed deposit with Vijaya Bank and the rate of interest has been excellent. The services are always good. Prompt response I get in regards to this account as I have this account with them for the last 31 years.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 16, 2015
    • Vijaya Bank
      "Overall friendly services"
      0.5 4.0/5 "Great!"
      Vijaya bank services is good in terms of fixed deposit. I did approach this bank for my flexibility as the branch is nearby. For a year, the interest rate is 9.50% which is a compound interest rate. Through branch, i do the deposit and the returns are quite good. Overall it is a friendly services.
      Was this review helpful? 6
      , hubli
      Reviewed on Sep 06, 2014
    • Vijaya Bank
      "Fully Satisfied with Service"
      0.5 4.0/5 "Great!"
      Vijaya Bank Fixed Deposit i am using from past 10 years, best part is interest rate is good, i got my fixed deposit slip on time, i am having break up facility, customer service was very polite, they have good facilities, everything is fine with in 2 days i opened my fixed deposit account, there was no extra charges for opening fixed deposit.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jul 05, 2014
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