Main Features
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Instruments payable at outstation centres and drawn in the name of the ward up to an aggregate amount of Rs.25,000/- per annum will be collected free of charges. But out of pocket expenses, if any, will be recovered separately.
After the minor attains majority, his/ her request to the bank for other loan facilities like vehicle loan, housing loan, etc., will be considered on priority basis under the Bank’s respective loan scheme and subject to eligibility. Such credit facilities will be extended on the rates of interest applicable for such loans and additional concessions other than those built into respective schemes are not available.
Transfer of funds from parent / guardian’s account in any branch of Vijaya Bank to student’s account is at par |