Table of Contents
- 1 How the interest on SB account will be calculated?
- 2 What is the interest rate for savings account in Vijaya Bank?
- 3 What are the documents required for Vijaya Bank account opening?
- 4 What is the rate of interest offered by Vijaya Bank for savings?
- 5 What is a savings bank account (SB)?
- 6 What is the minimum amount required to invest in Vijayashree units?
How the interest on SB account will be calculated?
You can calculate simple interest in a savings account by multiplying the account balance by the interest rate by the time period the money is in the account. Here’s the simple interest formula: Interest = P x R x N. P = Principal amount (the beginning balance). Interest = $10,000 x 0.01 x 1, which equals $100.
What is the interest rate for savings account in Vijaya Bank?
4\% per annum
Rate of Interest: The rate of interest offered by Vijaya bank for its Savings Accounts is 4\% per annum, unless specified otherwise.
How can I create account in Vijaya Bank?
How to Open a Saving Account in Vijaya Bank Account?
- (1) Personally Visit Vijaya Bank Account Branch.
- (2) Fill up Account Opening Form (AOF) for Savings Account.
- (3) Attach Required (Mandatory) Documents with the Account Opening Form (AOF)
- (4) Verification of Account Opening Form (AOF) & Other Documents by the Banker.
What are the documents required for Vijaya Bank account opening?
To open an account with Vijaya Savings account customer needs to submit any of the following documents as address proof: Voter ID, Ration card, Passport, Ration card, Letter from the applicant’s employer or Utility bills such as telephone bill or electricity bill.
What is the rate of interest offered by Vijaya Bank for savings?
Rate of Interest: The rate of interest offered by Vijaya bank for its Savings Accounts is 4\% per annum, unless specified otherwise. Eligibility Criteria to Open a Vijaya Bank Savings Account Hindu Undivided Families and individuals are eligible to open a Savings Account with the bank.
How to deposit money in PPF account of Vijaya Bank?
What you have to do is to login to your online banking profile via internet banking and transfer the amount. Vijaya Bank may ask for details like your name and PPF account number while depositing cash online. Offline Method: You can also deposit money in PPF account by using the offline method.
What is a savings bank account (SB)?
Vijaya Bank Savings Bank Account (SB account) is intended for savings for future. The main objective of this type of account is to promote savings habit in any person. A savings account is one of the most basic bank accounts offered by banks.
What is the minimum amount required to invest in Vijayashree units?
Vijayashree Units Under this scheme, the minimum investment amount is ₹1,000. The investor can partially withdraw the funds in units of ₹1,000, without breaking the entire deposit. The interest is paid at the rates applicable on fixed deposits.