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Digital Banking

Internet Banking

Internet banking is the system that provides the facility to the customers to conduct the financial and non-financial transactions from their net banking account. The user can transfer funds from his/her account to other accounts of the same bank/different banks using Internet Banking Portal without any additional charges/fees.

The customer using this facility can conduct transactional and non-transactional tasks including:

  • View / download account statements.
  • View Account Summary.
  • Check the history of the transactions for a given period by the concerned bank.
  • Transfer funds via NEFT / RTGS / IMPS.
  • Quick Fund transfer upto 10,000/day.
  • Cheque related functions like Order Cheque Books, stop / revoke cheque, Deposit Cheque Status, Stop/remove cheque status etc.
  • Spend Analyzer.

Mobile Banking

Mobile banking is just the facility you need when you are on the move. In the absence of a laptop/computer, your VCCS Bank Mobile  app is the answer to all your banking needs. Be it a bill payment, phone recharge or a fund transfer, a mobile app takes care of all your basic banking needs. Our mobile banking gives you the freedom to bank irrespective of the place or time. While commuting or waiting at the airport, your mobile app is always ON!

The customer using this facility can conduct financial or non- financial transactions.

  • Mobile Banking at your fingertips (Biometric login).
  • User can also login Mobile Banking by using their INB credentials.
  • View / download account statements.
  • View Account summary.
  • Check the history of the transactions for a given period by the concerned bank.
  • Transfer funds via NEFT / RTGS / IMPS.
  • Quick Fund transfer upto 10,000/day.
  • Cheque related functions like Order Cheque Books, stop / revoke payment etc.
  • Pay any kind of bill, recharge mobiles, DTH connections, etc.
  • Standing Instructions Creation.
  • Minimum Two factor authentication.
  • ATM Green PIN generation.
  • Activation/deactivation and Transaction limit customization for ATM/POS/ECOM.
  • Spend Analyzer.

NEFT

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this system, individuals can electronically transfer funds from their account to any individual having an account with any other bank branch in the country participating in the system.

NEFT can be done through

Internet Banking
Mobile Banking
Branch Banking

Timings : 24 x 7 x 365* on Digital Banking Channels

Type of AccountLimit / TransactionLimit / DayCharges
Savings AccountUPTO Rs. 2,00,000UPTO Rs. 5,00,000Nil
Current AccountUPTO Rs. 2,00,000UPTO Rs. 5,00,000Nil

RTGS

‘RTGS’ stands for Real Time Gross Settlement, which means continuous (real-time) settlement of funds individually on an order by order basis. ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time. Considering that the fund settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

RTGS can be done through

Internet Banking
Mobile Banking
Branch Banking

Timings : 24 x 7 x 365* on Digital Banking Channels

Type of AccountLimit / TransactionLimit / DayCharges
Savings AccountRs. 2,00,000 – 5,00,000Rs. 2,00,000 – 10,00,000Nil
Current AccountRs. 2,00,000 – 5,00,000Rs. 2,00,000 – 10,00,000Nil

UPI

UPI or Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring the funds between the two bank accounts through a mobile platform. Hence, UPI is a concept that allows multiple bank accounts to get into a single mobile application.

UPI can be done through

Third Party Apps like Google Pay, PhonePe, PayTM etc.

Timings : 24 x 7 x 365

Limit / TransactionLimit / DayCharges
UPTO Rs. 1,00,000UPTO Rs. 1,00,000Nil
 

Limit of Rs. 5,000 for 24 Hrs after first transaction on new registration or after changing PIN.

Bill Payments (BBPS)

VCCS Bank Mobile Banking App now offers Bharat Bill Payment 

Bill Payments can be done through

Branch Banking
Mobile Banking

Accounts

Savings Account

  • A Savings Bank Account is designed to encourage individuals to save money for their future financial needs. The account’s main objective is to allow people to save small or large amounts of money periodically. 
  • You can open a“Savings Bank Account”with VCCS Bank and enjoy a range of services and facilities without any additional charges.
  • Savings Deposit Rate: 3.50% & Senior citizens will get an additional interest rates of 0.50% P.A.

Who can open a Savings Bank Account

  • Individual – Single / Joint account.
  • Minor – Operated by a natural guardian/ appointed by the court.
  • Illiterate person – Operated by thumb impression.
  • Hindu Undivided Family.
  • Trust, Club, Association Society.
  • Housing Co-operative Society.
  • Charitable Religious Institution.

Current Account

  • Current Accounts are ideal for all your business transactions. Access your account anytime and make unlimited payments as per account holder profile.
  • Open a “Current Account” with GSC Bank (The Gujarat State Co-operative Bank Ltd.), which comes with an array of services & facilities at no extra cost.

Who can open a “Current Account”?

  • Individual – Single / Joint account
  • Sole Proprietorship firm
  • Partnership firm & LLP
  • Hindu Undivided Family
  • Private/Public Ltd Company
  • Trust, Club, Association & Society
  • Government / Semi-Government Bodies / Department

FIXED AND RECURRING DEPOSIT RATES

Invest your money with GSC Bank for a tenure anywhere between 7 days to 5 years and earn interest over the deposited amount.

As one of the most traditional and safest means to invest, many people prefer it for wealth creation. Fixed deposits is a good choice for people who have some extra lump sum amount, which they don’t need to use at the time.

We offer 90% over draft facility on your fixed deposits at the rate of 0.75% higher than your fixed deposit rates.

RATES FOR INDIVIDUALS, TRUST, HOUSING SOCIETIES & HUF (W. E. F. 17/03/2023)*

TENUREINTEREST RATES
07 DAYS TO 45 DAYS4.25%
46 DAYS TO 90 DAYS4.25%
91 DAYS TO 120 DAYS4.50%
121 DAYS TO 179 DAYS4.50%
180 DAYS TO 269 DAYS5.75%
270 DAYS TO 364 DAYS5.75%
12 MONTHS (365 DAYS)7.25%
366 DAYS TO 24 MONTHS7.25%
MORE THAN 2 YEARS AND UP TO 3 YEARS6.75%
MORE THAN 3 YEARS AND UP TO 5 YEARS6.75%
TAX SAVING DEPOSIT SCHEME FOR 60 MONTHS5.00%
 

Note:
1. It ensures capital protection as well as a uniform flow of income, Senior citizens will get an additional interest rates of 0.50% P.A.

2. For fixed deposits of Rs 1 Crore and above in a single deposit placed for 12 months (365 days) will get 0.25% extra on regular interest rate.

RATES FOR BANKS, PACS & OTHER INSTITUTIONS (W. E. F. 01/08/2023)*

TENUREINTEREST RATES
07 DAYS TO 45 DAYS4.75%
46 DAYS TO 90 DAYS5.00%
91 DAYS TO 120 DAYS5.25%
121 DAYS TO 179 DAYS5.25%
180 DAYS TO 269 DAYS5.60%
270 DAYS TO 364 DAYS6.00%
12 MONTHS (365 DAYS)7.25%
366 DAYS TO 24 MONTHS6.50%
24 MONTHS & 1 DAY6.25%

Services

Pradhan Mantri Suraksha Bima Yojana(PMSBY)

The Pradhan Mantri Suraksha Bima Yojana policy helps you stay prepared in cases of unforeseen emergencies. The PMSBY scheme helps you especially when you are faced with unexpected death and impairments towards you and your family.The Pradhan Mantri Suraksha Bima Yojana has certain features and benefits that make the average person keen to invest in it. The premium to be paid is as low as Rs. 20 per annum, per member of the family. In case of death, the sum insured is 2 lakhs. Finally, in cases where there is a loss of eye or limb, the sum insured is 1 lakh.

  • Enhanced Protection
  • Low Premium Amount
  • Death Benefit
  • Loss of Eye or Limb

Features and Benefits

  • Rs. 20/- per annum, per member Enrollment Modality / Period
  • The cover shall be for the one year stretching from 1st June to 31st May for which the option to join/pay by auto-debit from the designated savings bank account on the prescribed forms will be required to be given by 31st May of every year.
  • Individuals who exit the scheme at any point may rejoin the scheme in future years by paying an annual premium in one installment. New entrants into the eligible category from year to year or currently eligible individuals who did not join earlier shall be able to join in future years while the scheme is continuing.
  • The coverage under the scheme shall end every year on 31st May irrespective of the scheme joining date.
  • June 2016 onward the coverage under the scheme shall start from the debit date of the premium amount.

Renewal: The renewal premium would be auto-debited by the bank before 1st June every year or as per the directives from MOF(Ministry of Finance).

Terms and Conditions

The accident cover for the member shall terminate on any of the following events and no benefit will be payable there under:

  • On attaining age 70 years (age nearest birthday).
  • Closure of account with the Bank or insufficiency of balance to keep the insurance in force.
  • In case a member is covered through more than one account and a premium is received by the Insurance Company inadvertently, insurance cover will be restricted to one only and the premium shall be liable to be forfeited.
  • If the insurance cover is ceased due to any technical reasons such as insufficient balance on the due date or due to any administrative issues, the same can be reinstated on receipt of the full annual premium, subject to conditions that may be laid down. During this period, the risk cover will be suspended and reinstatement of risk cover will be at the sole discretion of the Insurance Company.
  • Participating banks will deduct the premium amount in the same month when the auto debit option is given, preferably in May of every year, and remit the amount due to the Insurance Company in that month itself.

Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY)

The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join/enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of Rs. 2 lakhs shall be for one year stretching from 1st June to 31st May and will be renewable. Risk coverage under this scheme is for Rs. 2 Lakh in case of death of the insured, due to any reason. The premium is Rs. 436 per annum which is to be auto-debited in one installment from the subscriber’s bank account as per the option given by him/her on or before 31st May of each annual coverage period under the scheme. The scheme is being offered by Life Insurance Corporation and all other life insurers who are willing to offer the product on similar terms with necessary approvals and tie-up with banks for this purpose.

Atal Pension Yojana (APY)

The Government of India has announced a new scheme called Atal Pension Yojana (APY)

APY is a guaranteed pension scheme administered by the Pension Fund Regulatory and Development Authority (PFRDA).

Under this scheme subscribers get guaranteed monthly pension, ranging from Rs. 1,000 to Rs. 5,000 per month.

HDFC Life Insurance Plan

Life insurance plans guarantee financial protection to your loved ones even in your absence. At HDFC Life, we offer a range of life insurance policies to help you secure your family’s future, ensuring they can meet their daily expenses, pay off debts and reach their life goals.We provide a variety of insurance products, including term insurance, retirement plans, children’s plans, investment plans and more. Choose the right type of insurance to live a worry-free life!

Term Insurance Plan

Term insurance is a type of life insurance that provides financial cover against death for a specific duration. In case the policyholder unfortunately passes away in this duration, their nominee gets the amount of the cover. Thus term insurance secures the financial future of the policyholder’s nominee/family with an adequate life cover at an affordable rate.

Reasons to buy this plan:

  1. Return of Premium (ROP) Option
  2. Same Day Claim Processing
  3. Individual Death Claim Settlement Ratio of 99.39%

Jyotirgamay Akasmat Vima Yojna

Powered By The New India Assurance Co. Ltd

Jyotirgamaya Akasmat Vima Yojana policy helps you stay prepared in cases of unforeseen emergencies. The JAVY scheme helps you especially when you are faced with unexpected death and impairments towards you and your family. The Jyotirgamaya Akasmat Vima Yojana has certain features and benefits that make the average person keen to invest in it.

Features and Benefits

  • Enhanced Protection
  • Low Premium Amount
  • Death Benefit
  • Loss of Eye or Limb

RUPAY PLATINUM DEBIT PROGRAM FY 2023-2024

RuPay Platinum Debit Card was launched in July 2014. RuPay Platinum Debit Cards come with various in-built features & offers. With the support of partner banks, RuPay has gained substantial volumes in the recent years & therefore it has been decided to continue with the features & benefits provided on RuPay Platinum Debit Cards for FY 2023-24.

RuPay Platinum Debit — Features & Benefits:

1. Domestic and International – Lounge Access Program

Domestic Airport lounge program for RuPay Platinum Debit Card provides access to cardholders two (2) times per calendar quarter per card in any of the 20+ participating Domestic Airport lounges. Selected International & Domestic Airport lounge access in india.

2. Cash back on Payment of Utility Bills*

5% cash back on utility bill payments (capped at Rs. 50/month/card). Cash back on Utility bill is restricted to Merchant Category Code (MCC) as defined by NPCI under the program.

3. Personal Accident Insurance

RuPay offers Personal Accident Insurance (Accidental Death or Permanent Total Disability) of upto Rs 200,000 for the Platinum Debit Cardholders.
Kindly note that the following amendment has been made in the Term & Conditions of RuPay Insurance Program for RuPay Premium Cards for FY 2021-22:

Existing TermRevised Term
Minimum one successful RuPay Card induced financial or non-financial transaction at any channel both Intra and Inter-bank i.e. on-us (ATM/MicroATM/PoS/E-com/ Business Correspondent of the bank at location by any payment instrument) within 45 days prior to date of accident including accident date of RuPay Cardholder or off usMinimum one successful RuPay Card induced financial transaction at any PoS/E-com, both Intra and Inter-bank i.e. on-us or off us within 30 days prior to date of accident including accident date of RuPay Cardholder

 

4. Concierge Services

Concierge service is available to banks as 24X7 service across India for a host of services like Gift / Flower Delivery Assistance, Restaurant referral & Arrangement, IT Return Assessment & Filing Assistance, etc.

5. Merchant Offers and Benefits

NPCI brings in a host of merchant offers and benefits for RuPay Platinum cardholders across travel, dining and retail shopping.

All services are provided by NPCI. Kindly refer NPCI website for further information.

Loans

Home Loans

  • A new home is a place for memories to be made and dreams to come true. Take the first step with GSC Bank’s home loans. GSC Bank offers a large bouquet of loan products specially designed to suit your personal needs. For Purchase / Construction / Repairing work / Tenement / Raw Hose and Bunglows
  • Maximum Loan Amount(In Rs.) : Upto  75 Lakhs.
  • Max. Term : 20 years.
  • No Prepayment charges
  • No Foreclosure charges
  • Easy Balance Transfer
  • Low Processing Charges
  • No Hidden Charges
  • Pocket friendly EMI
  • Available At Attractive Fixed & Floating

Commercial Property Loan

You can successfully achieve your professional goals when you put in hard work and effort. Along with that, you need the right workplace environment to ensure that you reach the heights of success, therefore, taking your professional dreams to the next level.

  • Loan for purchase of Shop, Office, Godown, Shed, Plant, Machinery and Equipment.
  • Maximum loan amount (In Rs.) 60 Lakhs for Individual, Proprietorship & Partnership firm
  • Fastest Processing Time
  • 2 Crore for Ltd. Co. / Incorporate Registered Body
  • Max. Term : 15 Years
  • No Hidden Cost
  • Available At Attractive Fixed & Floating

Security Mortgage Loan / OD

A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender

  • Loan and Overdraft facility against your residential or commercial property.
  • No Prepayment charges
  • No foreclosure charges
  • Low processing fees.
  • No Hidden charges
  • Loan for business and personal need.
  • Get up to 60% of the value of your property as a loan.
  • Loan Amount: Loan Amount up to 30 Lakhs/-
  • Max. Term : 15 Years for Loan & 1 Year for OD
  • Available At Attractive Fixed & Floating

Two-Wheeler Loan

  • Upto 70% on-road funding
  • Maximum Loan Amount(In Rs.) : 10 Lakhs
  • Max. Term : 5 years.
  • Quick Processing with minimal documentation.
  • Pocket friendly EMI
  • Available At Attractive Fixed & Floating

Car Loan

  • Upto 85% on-road funding
  • Maximum Loan Amount(In Rs.) : 40 Lakhs
  • Quick Loan processing
  • No Prepayment Charges
  • Max. Term : 7 years
  • No foreclosure charges
  • Available At Attractive Fixed & Floating

Commercial Vehicle Loan

  • Maximum Loan Amount(In Rs.) : 40 Lakhs
  • Max. Term : 7 years
  • Quick Loan processing
  • No Prepayment Charges
  • No foreclosure charges
  • Available At Attractive Fixed & Floating

Higher Education Loan

  • Avail Loan for higher education in India and Abroad.
  • No need to redeem your long-term investment. Instead avail tax benefit under Section 80 E of the Income Tax Act 1961 by availing Education Loan.
  • Loan amount cover Tuition Fee, Admission Fees, Enrolment Fee, Examination Fee, Campus Fee, Laboratory Fee, Books and Stationary expenses, Educational Instrument, Lodging and Boarding charges.
  • Repayment start after student finish their course.
  • Get up to 80% of the value of your property as a loan.
  • Maximum loan amount (In Rs.) : 25 Lakhs
  • Max. Term : 10 Years
  • Available At Attractive Fixed & Floating

Consumer Durable Loans

  • Maximum Loan Amount(In Rs.) : 1 Lakh
  • Max. Term : 3 Years
  • Available At Attractive Fixed & Floating

Working Capital CC

  • VCCS Bank provides Working Capital facility to the industry to finance day-to-day requirement.
  • The working capital funds are generally required for purchase of raw materials, stores, fuel, for payment of labor, power charges, Cash Credit facility is granted to the customers to bridge working capital gap