The Biggest Multi State Co-Operative Bank in South India           

VCBank rates for loans and deposits, and banking services charges are competitive and attractive for our customers. These rates and charges are primarily based on co-operative principles of sharing profits with shareholders as well the customers. We pay more attention to the senior citizens of the society who thrive on interest income, for fixing a deposit interest rate and the financial capabilities of the lower middle class sections of the society, for fixing the interest rates on advances. Please consult any one of our branch managers for your financial needs. The bank managers are more than willing to sit with you and assist you in growing your money with our deposit schemes or provide loans to suit your short term and long term personal, family or business needs.


  • DEPOSIT INTEREST RATES

    TERM DEPOSIT INTEREST RATES

    *with effect from 01-10-2018

    Period

    Normal

    Senior Citizen

    7 days to 90 days

    6.00%

    6.00%

    91 days to 270 days

    7.00%

    7.25%

    271 days to 1 Year

    7.50%

    7.75%

    Above 1 Year 

    7.75%

    8.10%

     

    Recurring Deposit Maturity Values

    AMOUNT (Rs)

    Normal-For 60 Months(7.75%) 

    SeniorCitizen-For 60 Months(8.10%)

    Rs 1375/- Per Month

    Rs 100889/-

    Rs 101830/-

    Rs 13750/- Per Month

    Rs 1008893/-

    Rs 1018298/-

    Rs 137500/- Per Month

    Rs 10088925/-

    Rs 10182975/-

     

    Dily Collection Deposits

    Daily Collection Deposits

    6.00% 

     

    Special Scheme for SENIOR CITIZENS

     

    VCB Senior Citizen Special Deposit II: Period:3 Years, Rate of Interest:8.40%

     

    ♦ Deposits are acceptable with interest payable on monthly,Quarterly,Half Yearly rests,no CTD is acceptable under this scheme.

    Premature Cancellation : As per the existing norms.

    ♦ For Deposit Loans 85% of the face value can be given as deposit loan and future interest payable on deposit should be credited to loan account to the part of the interest receivable under the loan head.

     

  • LOAN INTEREST RATES

    Interest rates on Loans & Advances 


    VCB EXPRESS GOLD LOAN (With effect from 01-10-2018)

    Loan Type

    Rate

    VCB EXPRESS GOLD LOAN(3 MONTHS) 9.00%

     

    VCB SMART GOLD LOAN (With effect from 01-10-2018)

    Loan Type

    Rate

    VCB SMART GOLD LOAN(6 MONTHS) 10.00%

     

    Gold Loan Interest Rates (With effect from 01-10-2018)

    Amount

    Rate

    NORMAL GOLD LOANS(12 MONTHS)

    10.50%


     

    Mortgage Loan Interest Rates (With effect from 01-10-2018)

    Amount

    Rate

    (Mortgage Loans for House repairs and all other purposes)

    upto Rs:10,00,000/-  

    -     

    12.25%

    (Mortgage Loans for House repairs and all other purposes)

    Above Rs. 10,00,000/- and up to  50,00,000/

    12.75%

     (Mortgage Loans for House repairs and all other purposes)

    Above  50,00,000/-

    12.95%
     Housing Loan for House/Flat construction or Purchase(Irrespective of the amount) 9.25%

     Mortgage Loan for Business Purpose (Up to 10 lakhs)

    12.25%

     Mortgage Loan for Business Purpose (Above 10 to 50 Lakhs)

    12.75%

     Mortgage Loan for Business Purpose (Above 50 Lakhs)

    12.95%

     

    Weaker section loans (With effect from 01-09-2017)

    Loan Type

    Rate

    Weaker section loans 11.00%

     

    Self Help Groups (With effect from 17-04-2016)

    Loan Type

    Rate

    Self Help Groups

    11%

     

    Interest rates on Educational loans w.e.f. 01-11-2009

    Amount VCBank Awardees Others
    Less than 1 lakh 10.25% 10.5%
    Upto 2 Lakhs 10.75% 10.90%
    2 Lakhs to 5 Lkhs 10.90% 11.00%
    5 Lakhs to 15 Lakhs 11.15% 11.25%

     

    Working capital/Business term loans(with effect from 01-10-2018)

    Rate

    Over drafts, Cash Credit Loans(Security backed by immovable property)upto 10,00,000/- lakhs

     

    12.25%

    Over drafts, Cash Credit Loans(Security backed by immovable property)Above 10,00,000/- to 50,00,000/-

     

    12.75%

    Over drafts, Cash Credit Loans(Security backed by immovable property)Above 50,00,000/-Lakhs

     

    12.95%

    Small business finance loans(Maximum limit 2,00,000/-)

      

      

     

    12%

     

     

    Other Loans (with effect from 01-10-2018)

    Rate

    Loas against NSCs/KVPs/LIC Bonds & /Hypothication Loans 12%
    Clean Loans/Consumption Loans(with immovable property security) 13%
    Clean Loans/Consumption Loans(with out security) 13%

    Hypothecation Loan/Vehicle Loan(with effect from 01-07-2016)

     

    (Allowed upto 85% of Quotation value)

     

      

    • 10.50%(with security of immovable property) 
    • 12%(without security of immovable property)

     

    PROFESSIONAL LOANS (With effect from 01-10-2018)

    Loan Type

    Rate

    Professional Loans

    12%

     

    DAILY COLLECTION LOANS (With effect from 01-10-2018)

    Loan Type

    Rate

    Daily collection Loans

    13%

     

  • LOCKER RENTAL CHARGES

    (With effect from 01-09-2016)

    Locker Type Charges per Year  in Rs

    SMALL

    800/-

    MEDIUM (45)

    1800/-

    MEDIUM 2 (40)

    2000/-

    BIG (21)

    3000/-

    BIG 2(20)

    3200/-

    BIG 3(10)

    6000/-

  • BANK SERVICE CHARGES

    S.NO

    NAME OF THE SERVICE

    Charges in Rs. (excluding Service Tax)

    1

    Cheque Book issuing charges

    Rs.2/- per leaf

    2

    Additional Cheque Books given at a time

    Rs.4/- per leaf

    3

    Duplicate ‘A’ Class membership Card

    50.00

    4

    Duplicate Gold Loan Yadastu Form

    75.00

    5

    Statement charges

    NILL

    6

    DUPLICATE PASSBOOK

    50.00

    7

    ECS FAILED/REFUND

    250.00

    8

    Demand Draft/PO Commission up to 10000/-

    15.00

    9

    Demand Draft/PO Commission above 10000/-

    Rs.2.00 per 1,000/-as a part there of (against cash)

    10

    Demand Draft Commission above 10000/-

    Rs.1.50 per 1000/- as a part there of (for Account Holders)

    11

    Outside Cheque Collection up to 5000/-

    25.00

    12

    5001/- to 10000/-

    50.00

    13

    10001/- to l Lakh

    100.00

    14

    Above 1 Lakh

    200.00

    15

    Cheque return charges for technical reasons

    100.00

    16

    Cheque Return charges for insufficiency of funds

    250.00

    17

    Cheque Bounce Charges inward

    100.00

    18

    Gold Loan Closing Charges/Interest Up to 1 Lakh

    Min 15 days Int

    19

    Above 1 Lakh

    Min 1 Month Int

    20

    Visiting Charges to NPA loan cases

    Min 20/- per Visit

    21

    Visiting Charges to NPA loan cases 4 Visits & above

    100/-

    22

    Locker Break Open Charges (Key Lost)

    500/- + Company’s Charge(S.Tax applicable to Rs.500/- only) 

    23

    Duplicate Pass Book

    50

    24

    Cheque Book Refund/withdrawn Charges

    2.00 per  leaf pending for realization

    25

    Branch to Branch Remittances

    10/- per each Remittance

    26

    Franklin stamp Charges

    15.00

    27

    Document Xerox Charges

    100.00

    28

    SB Account Closing Charges

    50.00

    29

    SB Account minimum balance

    NILL

    30

    CD Account balance is below the stipulated minimum of 1000/- charges on each occasion

    50.00

    31

    CD Account Closing Charges

    100.00

    32

    Locker operation

    charges

    50.00 per operation from 11th operation onwards in a month

    33

    Cash deposit charges

    NILL

    34

    Cash withdrawal charges

    NILL

    35

    ATM CARD REPLACEMENT

    100.00

    36

    ATM CARD-ISSUE OF DUPLICATE PIN

    100.00

    37

    SMS/INSTA ALERTS

    NILL

    38

    Signature /photo attestaion

    NILL

    39

    CANCELLATION OF DD

    NILL

    40

    NEFT-UPTO 100000/-

    NILL

    41

    NEFT-Above 100000/- TO 2 LAKHS

    NILL

    42

    RTGS

    NILL
  • GOLD RATE PER GRAM


    GOLD RATES(With effect from 26-04-2018)

    Carat Type

    Lending rate per gram(In Rs)

    (3 MONTHS)

    Market rate per gram(In Rs)

    Lending rate per gram(In Rs)

    (6 MONTHS)

    Market rate per gram(In Rs)

    Lending rate per gram(In Rs)

    (1 Year)

    Market rate per gram(In Rs)

    24

    1975(In Rs)

    2633.34(In Rs)

    1925(In Rs)

    2566.67(In Rs)

    1875(In Rs)

    2500(In Rs)

    22

    1925(In Rs)

    2566.67(In Rs)

    1875(In Rs)

    2500(In Rs)

    1825(In Rs)

    2433.34(In Rs)

    20

    1775(In Rs)

    2366.67(In Rs)

    1725(In Rs)

    2300(In Rs)

    1675(In Rs)

    2233.34(In Rs)

    18

    1625(In Rs)

    2166.67(In Rs)

    1575(In Rs)

    2100(In Rs)

    1525(In Rs)

    2033.34(In Rs)