vijayabank.com Money Transfer Service Scheme MTSS : Vijaya Bank

Organization : Vijaya Bank
Facility : Money Transfer Service Scheme

Details : https://www.vijayabank.com/Merchant-Banking/Merchant-Banking
Home Page : https://www.vijayabank.com/Home

Money Transfer Service Scheme :

** Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India.

Related : Vijaya Bank Kisan Card Scheme : www.statusin.in/21792.html

** 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 & 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 ie Karnataka, Andhra Pradesh, Tamilnadu & 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 our designated branches.

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

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, Bangalore-560001
Ph -080-25584066, Ext -383
Email Id : mbdasba@vijayabank.co.in

v Bancassurance :
** The Bank is the corporate agent for LIC of India and United India Assurance Company Ltd.
** The Bank now provides through its all branches total life and non-life insurance solutions to meet all your insurance requirements through the products of India’s leading insurers.

Life Insurance :
Entire life insurance products range of LIC of India are 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 Company i.e United India Insurance Co. Ltd. are now available through all the branches of the our Bank.

VIJAYA BANK has also been tied up with Bajaj Allianz Co. Ltd for Suraksha Kavach Yojana a Group Insurance Scheme to cover natural as well as accidental death of key persons of the Business Enterprises and individual borrowers to the extent of regular balance outstanding in the loan accounts.

** Insurance is the subject matter of solicitation
** All the products offered are through LIC of India, United India Insurance Co. Ltd. And Bajaj Allianz Co. Ltd.
Kindly Contact Nearest branch for more information.

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, Banagalore
Ph-080-25584066, Ext – 328
Email Id:cms@vijayabank.co.in