Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
  • loading

    Vijaya Bank Tax Savings Scheme

     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6.25% - 6.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Vijaya Bank Tax Savings Scheme is Rated as "Great!" by 7 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

     Overview on Vijaya Bank Tax Savings Scheme

    Vijaya Tax Savings Scheme is one of the innovative term deposit products designed by Vijaya Bank so that individuals who avail it can qualify for tax benefits under Section 80C of the Income Tax Act.

    Features and Benefits of Vijaya Tax Savings Scheme

    • The tenure of deposits extends to a maximum of five years.
    • The rate of interest applicable to the scheme will change from time to time, but senior citizens can avail extra interest.
    • Individuals who avail this scheme can choose between the cumulative and non-cumulative option depending on how they wish to make deposits.
    • Individuals who avail the scheme and make deposits as necessary can avail tax benefits under Section 80C of the Income Tax Act.
    • The minimum amount of money that can be deposited into this scheme is Rs.100.
    • The maximum amount of money that can be deposited into this scheme is Rs.1.5 lacs per financial year.
    • Premature withdrawal of deposits is not allowed under this scheme.
    • Individuals will not be allowed to pledge their deposits as security or to secure credit.

    Vijaya Bank Tax Savings Scheme Interest Rates

    Vijaya Tax Savings Scheme Rates of Interest
    Tenure Interest Rate(Below 1 Crore) Interest Rate(1 Crore to Below 5 Crores)
    5 Years 7.25% p.a. 6.75% p.a.

    Senior citizens will receive an additional interest of 0.5% p.a. The bank currently accepts deposits only for a period of 5 years and the rates can be changed by it at any time.

    Updated on 22 September ‘16

     Loading your search... Loading your search...
  • Vijaya Bank Tax Savings Scheme Reviews

    • Vijaya Bank Fixed Deposit
      "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? 1
      , mumbai
      Reviewed on Jun 09, 2017
    • Vijaya Bank Fixed Deposit
      "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? 2
      , secunderabad
      Reviewed on Mar 17, 2016
    • Vijaya Bank Fixed Deposit
      "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? 13
      , mumbai
      Reviewed on Dec 31, 2015
    • Vijaya Bank Fixed Deposit
      "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? 6
      , lucknow
      Reviewed on Nov 04, 2015
    • Vijaya Bank Fixed Deposit
      "Good"
      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 Fixed Deposit
      "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? 4
      , hubli
      Reviewed on Sep 06, 2014
    • Vijaya Bank Fixed Deposit
      "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? 5
      , bangalore
      Reviewed on Jul 05, 2014
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.