Merchant Banking

MERCHANT BANKING ACTIVITES

The major Merchant Banking Activities are:

  • Debenture Trustee Services
  • Banker to Issue
  • ASBA facility for IPOs, FPOs and Rights Issues
  • Demat Services
  • Cash Management Services
  • Money Transfer Services   
  • Bancassurance 

Please Click Here for Pensioner's Life Certificate

Please Click Here for the Pensioner's Undertaking Letter

Banker to an Issue:

In terms of SEBI regulation our bank has registered itself with SEBI as Debenture Trustee.-Registration No. INBI00000041

As a Banker to an issue the bank is undertaking following activities.

  • Collecting banker (acceptance of application and application monies), acceptance of allotment or call monies
  • Refund Banker (Refund of application monies)
  • Paying Banker(Payment of Dividend Warrants/Interest Warrants)

 ASBA facility for IPOs, FPOs and Rights Issues

ASBA means “Applications Supported by Blocked Amount”. ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized.

 

Eligibility : All Resident Individuals, HUF and QIBs having Demat a/c, PAN No. and maintaining Current /SB/Operative Account with any VIJAYA BANK branches.

ASBA facility is available at all our branches. Kindly Contact Nearest branch for more information or contact our Controlling office at:

 

DP Cell – ASBA Section

Ground Floor, VIJAYA BANK, Head Office

41/2 M.G. Road, Bengaluru-560001

Ph -080-25584066, Ext -383

 Email Id : mbdasba@vijayabank.co.in

Bancassurance

The Bank is the corporate agent for M/s. United India Insurance Company Ltd. And M/s. Bajaj Allianz General Insurance Co. Ltd for distributing general insurance products to Bank’s customers.

Whereas, the Bank has Corporate Agency Tie-up with M/s. HDFC Standard life Insurance Co. Ltd for distributing Life Insurance products. The Bank provides total life and non-life insurance solutions through its branches to meet all your requirements through the products of India’s leading insurers. 

 

 

 

Life Insurance: Entire life insurance products range of M/s. HDFC Standard life Insurance Co. Ltd is now available through the branches of VIJAYA BANK.

General Insurance: For all your General Insurance needs, you need to look no further than VIJAYA Bank, as the products of the leading Indian transnational and reputed general insurance Companies M/s. United India Insurance Company Ltd. and M/s. Bajaj Allianz General Insurance Co. Ltd, are now available through the branches of our Bank.

* Insurance is the subject matter of solicitation.

* All the insurance products offered are through M/s. HDFC Standard life Insurance Co. Ltd, United India Insurance Co. Ltd and M/s. Bajaj Allianz General Insurance Co. Ltd.

Kindly contact our nearest branch for more information.

SELECTION OF BANCASSURANCE PARTNERS

The process relating to our RFP Reference No.RFP-04/VIJAYA BANK/MBD-HO/2017-18/CORPORATE AGENCY/LIFE INSURANCE dt.07.02.2018 for Life Insurance Partner and RFP reference No.RFP-05/VIJAYA BANK/MBD-HO/2017-18/CORPORATE AGENCY/GENERAL INSURANCE dt.07.02.2018 for General Insurance Partner is completed and the following Insurance companies were selected after completion of the process :-


LIFE INSURANCE

M/s. HDFC STANDARD LIFE INSURANCE CO. LTD

GENERAL INSURANCE

M/s. BAJAJ ALLIANZ GENERAL INSURANCE CO. LTD

 

 

Cash Management Services :   

Vijaya Bank provides Local Cheque Collection, Up country Cheque Collection, Bulk Cheque collection and DD Drawing facilities through all branches to corporate clients.

Local Cheque Collection Facility [LCC] :  Under this facility corporate can deposit the cheques with our branches to be cleared in the local clearing and funds will be pooled at any pooling branch designated by the Corporate clients.

 Up Country Cheque Collection Facility [UCC] : Under this facility corporate clients can deposit the cheques drawn on outstation centers and proceeds will be pooled at any pooling branch designated by Corporate clients.

 Bulk Cheque Collection Facility : Under this facility corporate clients can deposit their bulk (large number) instruments of small value to be cleared in the local clearing and funds will be pooled at any pooling branch designated by the Corporate.

DD Drawing Arrangement : Under this facility corporate clients can draw the Demand Drafts on the branches of Vijaya Bank wherever they do not have branches.

 

For more details kindly contact our controlling office

Cash Management Section

Merchant Banking Division,7th Floor

VIJAYA BANK, HEAD OFFICE

41/2, M.G.Road, Bengaluru

Ph-080-25584066, Ext – 328

Email Id:merchantbkg@vijayabank.co.in

Money Transfer Service Scheme (MTSS)

 

Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only inward personal remittances into India such as remittances towards family maintenance and remittances favoring foreign tourists visiting India are permissible. No outward remittance from India is permissible under MTSS.

 Our Bank as Sub Agent for money transfer business

Bank is tied up with both UAE Exchange Financial Services Ltd. (UAEEFSL) and Thomas Cook India Ltd.(TCIL) as their sub agent for the Money Gram money transfer service.

 A) Money Gram services of UAE Exchange Financial Services Ltd. (UAEEFSL)

The branches in the States of Karnataka, Andhra Pradesh, Tamilnadu, Telangana & Kerala are designated to provide services under UAEEFSL.

 

 B) Money Gram services of Thomas Cook (India) Ltd.

All branches in the country other than the branches in the southern states i.e, Karnataka, Andhra Pradesh, Tamilnadu, Telangana & Kerala are designated to provide services under Thomas Cook (India) Ltd.

 

 

Xpress money

 

Xpress Money is a brand name for the money transfer service of UAE Exchange Centre LLC, Abu Dhabi who is the Overseas Principal. UAEEFSL is the Principal Agent of UAE Exchange Centre for Xpress Money in India.

We are also tied up with UAE Exchange and Financial Services Ltd (UAEEFSL) as its Sub Agent for Money Transfer business under Xpress Money

All the branches of the Bank are designated to provide services under Xpress Money.

 

 Western Union Money Transfer [WUMT] Services

 Bank has entered as Sub-Agent of Wall Street Finance Ltd a Principal Agent of M/s Western Union Money Transfer Services – Inc. [USA]. Customers can contact nearest branches.

 

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