Vijaya Bank Fixed Deposit

When you open a fixed deposit account in India, you secure a certain amount of money for a certain number of years to earn interest. A few companies also provide this facility, but it is always wise to choose the bank. The Vijaya Bak was the public sector bank in India, which was merged with Bank of Baroda in April 2020. The bank provides a wide range of financial products including fixed deposits. Here are a few facts about Vijaya Bank fixed deposit rates that an investor must be aware of.  

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Features of Vijaya Bank Fixed Deposit

Investment Amount  Minimum - Rs.50 Maximum- No Maximum Limit
Tenure  Minimum - 7 daysMaximum- 10 Years
Interest Rate  Minimum - 5.00 %Maximum- 6.80%

Vijaya Bank FD Rates in India
Tenure General Public FD Rates
7 days to 14 days 2.80%
15 days to 45 days 2.80%
46 days to 90 days 3.70%
91 days to 180 days 3.70%
181 days to 270 days 4.30%
271 days to 364 days 4.40%
1 year 5.00%
More than 1 year to 400 days 5.10%
More than 400 days to up to 2 years 5.10%
More than 2 years to up to 3 years 5.10%
More than 3 years to up to 5 years 5.25%
More than 5 years to up to 10 years 5.25%
More than 10 years 5.10%
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Compare FD Interest Rates of Top Financial Institutions
BANKS GENERAL CITIZENS SENIOR CITIZEN
Axis Bank FD Rates 2.50% - 5.75% 2.50% - 6.50%
Bandhan Bank FD Rates 3.00% - 5.00% 3.75% - 5.75%
Bank of Baroda FD Rates 2.80% - 5.25% 3.30% - 6.25%
Bank of India FD Rates 2.85% - 5.05% 3.35% - 5.55%
Canara Bank FD Rates 2.90% - 5.40% 2.90% - 5.90%
Central Bank of India FD Rates 2.75% - 5.00% 2.90% - 3.25%
DBS Bank FD Rates 2.50% - 5.50% 3.50% - 6.00%
HDFC Bank FD Rates 2.50% - 5.60% 3.00% - 6.35%
IDFC Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Indian Bank FD Rates 2.90% - 5.15% 3.40% - 5.65%
Indian Overseas Bank FD Rates 3.40% - 5.20% 3.90% - 5.70%
IndusInd Bank FD Rates 2.50% - 6.00% 3.00% - 6.50%
Punjab National Bank FD Rates 2.90% - 5.25% 3.50% - 5.75%
SBI FD Rates 5.30% - 5.40% 5.80% - 6.20%
UCO Bank FD Rates 2.55% - 5.05% 3.80% - 6.30%
Yes Bank FD Rates 3.25% - 6.25% 3.75% - 7.25%
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Tax Deductions

A Vijaya Bank Fixed Deposit Scheme or a deposit account in any other bank in India amounting up to Rs 1 lakh for five-year tenure is eligible for a deduction of Taxes under Section 80 C. For investors looking at small investments with tax redemption, a fixed deposit in Vijaya Bank or any other bank is appropriate.

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About Vijaya Bank Fixed Deposit Interest Rate Calculator

Vijaya Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

  • The amount that is invested

  • The Rate of Interest offered

  • The tenure of the Fixed Deposit Account

  • The compounding period, that is, yearly, half-yearly, quarterly, or monthly

  • The FD Amount

Once entered the following details, an investor will come to know:

  • The maturity value of the FD

  • The total interest earned during the complete tenure

FD Interest Rates and Tax Amount

FD interest rates in Vijaya Bank or any other bank in India is tax adjusted. It does not mean that the interest rate on FD in Vijaya Bank or any other bank in India is tax-free. The interest rate is taxable, and the investor pays according to the tax slab his/her principal amount belongs to.

Income from the fixed deposit amounting to up to Rs.10,000 is free from tax deductions.

Fixed deposit rates in Vijaya Bank and every other bank in India is higher by a small percentage for senior citizens. A re-investment every year can earn the investor compound interest.

For individuals looking at safety as a top priority when it comes to investments, a fixed deposit account is a perfect choice.

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Vijaya Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

  1. For Domestic/ NRO Deposits - Less than Rs.2cr (As on Feb 25, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    General Public Interest Rates
    7 days to 14 days Less than Rs. 2 cr 2.80
    15 days to 45 days Less than Rs. 2 cr 2.80
    46 days to 90 days Less than Rs. 2 cr 3.70
    91 days to 180 days Less than Rs. 2 cr 3.70
    181 days to 270 days Less than Rs. 2 cr 4.30
    271 days and above but less than 1 year Less than Rs. 2 cr 4.40
    1 year Less than Rs. 2 cr 5.00
    More than 1year to 400 days Less than Rs. 2 cr 5.10
    More than 400 days to up to 2 years Less than Rs. 2 cr 5.10
    More than 2 years to up to 3 years Less than Rs. 2 cr 5.10
    More than 3 years to up to 5 years Less than Rs. 2 cr 5.25
    More than 5 years to up to 10 years Less than Rs. 2 cr 5.25
    More than 10 years Less than Rs. 2 cr 5.10
  • For Domestic/ NRO Deposits - Rs. 2 cr to 10 cr (As on Feb 25, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    General Public
    7 days to 14 days Rs. 2 cr to 10 crs 2.90
    15 days to 45 days Rs. 2 cr to 10 crs 2.90
    46 days to 90 days Rs. 2 cr to 10 crs 2.90
    91 days to 180 days Rs. 2 cr to 10 crs 3.50
    181 days to 270 days Rs. 2 cr to 10 crs 3.50
    271 days and above but less than 1 year Rs. 2 cr to 10 crs 3.50
    1 year Rs. 2 cr to 10 crs 4.25
    More than 1year to up to 2 years Rs. 2 cr to 10 crs 4.00
    More than 2 years to up to 3 years Rs. 2 cr to 10 crs 4.00
    More than 3 years to up to 5 years Rs. 2 cr to 10 crs 4.00
    More than 5 years to up to 10 years Rs. 2 cr to 10 crs 4.00
  • For Domestic/ NRO Deposits - Rs. 10 cr to 50 cr (As on Feb 18, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    General Senior Citizen
    7 days to 14 days Rs. 10 cr to Rs.50 cr 3.10 N.A
    15 days to 45 days Rs. 10 cr to Rs.50 cr 3.10 N.A
    46 days to 90 days Rs. 10 cr to Rs.50 cr 3.10 N.A
    91 days to 180 days Rs. 10 cr to Rs.50 cr 3.50 N.A
    181 days to 270 days Rs. 10 cr to Rs.50 cr 3.50 N.A
    271 days to less than 1 year Rs. 10 cr to Rs.50 cr 3.50 N.A
    1Year Rs. 10 cr to Rs.50 cr 4.21 N.A
    More than 1year to up to 2 Years Rs. 10 cr to Rs.50 cr 4.00 N.A
    More than 2 years to up to 3 years Rs. 10 cr to Rs.50 cr 4.00 N.A
    More than 3 years to up to 5 years Rs. 10 cr to Rs.50 cr 4.00 N.A
    More than 5 years to up to 10 years Rs. 10 cr to Rs.50 cr ** N.A
     
  • For Domestic/ NRO Deposits - Rs. 50 cr to up to Rs. 100 cr (As on Feb 18, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    General Senior Citizen
    7 days to 14 days Rs. 50 cr to up to Rs. 100 cr 3.10 N.A
    15 days to 45 days Rs. 50 cr to up to Rs. 100 cr 3.10 N.A
    46 days to 90 days Rs. 50 cr to up to Rs. 100 cr 3.10 N.A
    91 days to 180 days Rs. 50 cr to up to Rs. 100 cr 3.50 N.A
    181 days to 270 days Rs. 50 cr to up to Rs. 100 cr 3.50 N.A
    271 days to less than 1 year Rs. 50 cr to up to Rs. 100 cr 3.50 N.A
    1Year Rs. 50 cr to up to Rs. 100 cr 4.21 N.A
    More than 1year to up to 2 Years Rs. 50 cr to up to Rs. 100 cr 4.00 N.A
    More than 2 years to up to 3 years Rs. 50 cr to up to Rs. 100 cr 4.00 N.A
    More than 3 years to up to 5 years Rs. 50 cr to up to Rs. 100 cr 4.00 N.A
    More than 5 years to up to 10 years Rs. 50 cr to up to Rs. 100 cr ** N.A
     
  • For Domestic/ NRO Deposits Above Rs. 100 cr (As on Feb 18, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    General Senior Citizen
    7 days to 14 days Above Rs. 100 cr 3.10 N.A
    15 days to 45 days Above Rs. 100 cr 3.10 N.A
    46 days to 90 days Above Rs. 100 cr 3.10 N.A
    91 days to 180 days Above Rs. 100 cr 3.50 N.A
    181 days to 270 days Above Rs. 100 cr 3.50 N.A
    271 days to less than 1 year Above Rs. 100 cr 3.50 N.A
    1Year Above Rs. 100 cr 4.21 N.A
    More than 1year to up to 2 Years Above Rs. 100 cr 4.00 N.A
    More than 2 years to up to 3 years Above Rs. 100 cr 4.00 N.A
    More than 3 years to up to 5 years Above Rs. 100 cr 4.00 N.A
    More than 5 years to up to 10 years Above Rs. 100 cr ** N.A

Tax Saver FD  W.E.F. 16/November/2020

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
Vijaya Tax Saving Scheme - 5 years Less than Rs. 2 Cr 5.25 5.75
Above 5 years and up to 10 years Less than Rs. 2 Cr 5.25 6.25

Tax Implications

  1. The amount invested in Fixed Deposit with a tenure of 5 years with Vijaya Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.

  2. The applicable tax will be deducted at source, i.e. Vijaya Bank, in case the annual interest earned crosses Rs. 10,000.

  1. For NRE Fixed Deposit - Below Rs. 2 cr (As on Feb 25, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    1Year Below Rs. 2 Cr 5.00
    More than 1year to less than 2 Years Below Rs. 2 Cr 5.10
    2 years Below Rs. 2 Cr 5.10
    2 years to less than 3 years Below Rs. 2 Cr 5.10
    3 years to less than 5 years Below Rs. 2 Cr 5.25
    5 years and up to 10 years Below Rs. 2 Cr 5.25
  2. For NRE Fixed Deposit - Rs. 2 cr and above & up to Rs. 10.00 cr (As on Feb 25, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    1Year Rs. 2 cr and above & up to Rs. 10.00 cr 4.25
    More than 1year to up to 2 Years Rs. 2 cr and above & up to Rs. 10.00 cr 4.00
    2 years to up to 3 years Rs. 2 cr and above & up to Rs. 10.00 cr 4.00
    3 years to up to 5 years Rs. 2 cr and above & up to Rs. 10.00 cr 4.00
    5 years and up to 10 years Rs. 2 cr and above & up to Rs. 10.00 cr 4.00
  3. For NRE Fixed Deposit - Rs. 10 cr and above & up to Rs. 50.00 cr (As on Feb 18, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    1Year Rs. 10 cr and above & up to Rs. 25 cr 4.21
    More than 1year to up to 2 Years Rs. 10 cr and above & up to Rs. 25 cr 4.00
    More than 2 years to up to 3 years Rs. 10 cr and above & up to Rs. 25 cr 4.00
  4. For NRE Fixed Deposit – Above Rs. 50 cr (As on Feb 18, 2022)

    MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
    1Year Above Rs. 50 cr 4.21
    More than 1year to up to 2 Years Above Rs. 50 cr ***
    More than 2 years to up to 3 years Above Rs. 50 cr ***

*The Vijaya Bank FD rates are subject to change, please refer Bank’s website for latest rates.

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