vijayabank.com Procedure for Claim Settlement : Vijaya Bank

Organization : State Bank of Travancore
Facility : Apply For Agriculture Loan

Organization : Vijaya Bank
Facility : Procedure for Claim Settlement

Home Page : http://www.vijayabank.com/Help-Desk/Procedure-for-Claim-Settlement
Procedure Download here :https://www.statusin.in/uploads/2274-Procedure%20Settlement%20of%20claims.pdf

Procedure for Claim Settlement

Payment Of Balance In Accounts Of The Deceased Customers To Survivors/Claimants :
The bank may not insist on succession certificate from legal heirs irrespective of amount involved if there are no disputes among survivors and all legal heirs join in indemnifying the bank.

Related : Download Vijaya Bank Passbook Apps For Android : www.statusin.in/4175.html

However, the bank may adopt such safeguards in considering settlement of claims where the Bank has reasonable doubts about the genuineness of the claimant(s) being the only legal heir(s) of the deceased depositor.
The procedures/documentation for settlement of claims has been considerably simplified if there are no disputes among legal heirs

Claims for Aggregate Balances up to Rs 50,000/ will be settled on furnishing :
** Claim application form (available on Bank’s website)
** Identity proof of the claimant/s/legal heir/s,
** A stamped Letter of Indemnity from all claimants
** Proof of Death of depositor
(No sureties are required for claims up to Rs 50,000/ -)

Claims for Aggregate Balances above Rs 50,000/ :
** Claim application form (available in Bank’s website)
** Identity proof of the claimant/s/legal heir/s,
** A stamped Letter of Indemnity from all claimants
** Proof of Death of depositor
** Surety whose worth is not less than the claim amount
In all the cases Bank will satisfy itself by making enquiries that there are no other claimants to the assets of the deceased and also that constituent died intestate and there are no disputes among the claimants and all claimants sign the Letter of Indemnity.coration: underline;”>Home Page : http://www.statebankoftravancore.com/portal/home
Apply here : https://sbi.co.in/

Apply For Agriculture Loan :

Particulars Of Loan Applicant :
** Enter Full Name*
** Enter Address*
** Enter PIN
** Enter Phone number(with STD code)*
** EnterMobile
** Enter Email ID*
(Enter a valid email ID. This will be used for further communication)
** Enter Date of Birth*
** Enter Educational Qualification
** Enter PAN & Occupation
** Enter Net Monthly Income Rs.

Land Owned Details :
** Enter Land owned Cents/Are/Sq Mt
** Enter Survey No & Village Taluk District State*
In the name of Accessible through Motorable Road Crops cultivated

Details Of Present Borrowings :
** Enter Present Borrowings (if any)
** Enter Present Banker Name of Bank
If SBT Name of Branch A/c No

Loan Details :
Type of Loan*
(a) Amount of Loan applied for*
(b) Period of Loan*
c) Purpose of Loan*(type in years/months)

Documents To Be Submitted Along With Application
1. Original title deed which is to be mortgaged
2. Original prior deed
3. 15 years encumbrance certificate
4. Latest Tax receipt
5. Possession Certificate
6. Title clear certificate from Bank’s authorised advocate
7. Valuation certificate from Bank’s approved valuer
8. 3 Passport size photograph
9. Copy of Ration card
10. Any one of the following documents
i. Voter identity card
ii. Driving license
iii. Pan Card

Margin :
For loans upto Rs.1,00,000/– No margin
Over RS.1,00,000/– 15% to 25%

Security :
Collateral security waived for loans upto Rs.1,00,000/-

Note :
The above information furnished by me/us is true, correct and complete to the best of my knowledge. I fully understand that mere submission of the application does not entitle me to a loan and that any loan will be considered on merits.

About us :
State Bank of Travancore (SBT) was originally established as Travancore Bank Ltd. in 1945 sponsored by the erstwhile princely state of Travancore. Under a special statute of the Indian Parliament (SBI subsidiary Banks Act 1959) it was made an Associate of the State Bank of India and a member of the State Bank Group, the largest banking group in India.

Contact us :
State Bank of Travancore
(Associate of the State Bank of India)
Head office, Trivandrum – 695012, India