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Wednesday, 21-Mar-2018  07:00:21 AM
Abhyudaya VIdya Vardhini Education Loan Scheme

For providing financial support to deserving/meritorious students for pursuing higher education in India & abroad and for meeting expenditure of Admission Fees, Accommodation, Purchase of Educational Equipments, Travelling Expenses, Books, Computers and peripherals etc.

Studies in India (Indicative List)
  • Approved courses leading to Graduate/Post-graduate Degree and Post Graduate Diploma courses conducted by Colleges/ Universities recognized by UGC/Govt./AICTE/AIBMS/ICMR etc.
  • Courses such as MBBS, Post Graduation in Medicine, Technical, Engineering courses etc.
  • Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
  • Regular Higher Degree/Diploma Courses like Aeronautical, Pilot Training, Shipping, Degree/Diploma in any other discipline approved by Director General of Civil Aviation/Shipping or any other regulatory body as the case may be, if the course is pursued in India.
Approved Courses offered in India by reputed Foreign Universities.

Studies Abroad:-
  • Graduation: For job oriented Professional/Technical courses offered by reputed universities.
  • Post graduation: MCA, MBA, MS, etc.
  • Courses conducted by CIMA-London, CPA in USA etc.

Degree/Diploma courses like Aeronautical, Pilot Training, Shipping etc., provided these are recognized by competent Regulatory Authorities in India/abroad for the purpose of employment in India/abroad.

Max. Amount

Studies in India : Above Rs. 10.00 lakh & maximum up to Rs. 25.00 Lakh
Studies Abroad : Above Rs. 20.00 lakh & maximum up to Rs. 50.00 Lakh

Eligibility Eligibility:
  • The student should be an Indian National. The student’s parent(s) or guardian (or spouse, parents-in-law, brother, sister etc., - see note below-) who may be borrower(s) or co-borrower(s) should also be Indian national(s).
  • Should have secured admission to a higher education course in recognized institution in India or abroad through Entrance Test / Merit Based Selection process after completion of HSC (10 plus 2 or equivalent). However, Entrance Test or selection purely based on marks obtained in qualifying examination may not be a sufficient criterion for admission to some of the Postgraduate Courses or Research Programmes. In such cases, Bank will judge, on its own criteria, the employability post course-completion and reputation of the institution concerned.
  • The Joint Borrower should normally be parent/s or guardian of the student. In case of a married person, Joint Borrower can be Spouse or the Parent/s or Parent/s-in-law/Brother or Sister in case of not having parents.
  • EMI 180 months including moratorium period
  • Moratorium Period = Duration of Course + 6 months.
  • Interest to be serviced during the moratorium period. No interest concession will be available.
What's Latest

All the Customers may please note that minimum average balance in Savings Account with effect from 01.04.2018 shall be Rs. 500/-. Lower average balance will attract charges applicable as per rules.

arrow Customers who want to avail input credit as per GST Act Click here...

arrowMaximum cash withdrawl permissable at Host branch with cheque book only in Any Branch Banking is Rs.50000/- in SB Account and Rs.100000/- in Current, FLXLN, SOD, SODGLD and SODIMP accounts.

arrow Bank has introduced yearly service charges on ATM cum Debit Card at Rs.100/- Plus Taxes w.e.f. 2017-18...Click Here


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arrow A SB/CD a/c is treated as DORMANT, if there are no transactions in the account for over a period of 2 years(i.e.no credit or debit induced by customer as well as 3rd party other than crediting of periodic interest or debiting of service charges.

arrow List of Unoperative SB Accounts with Zero balances,Un-operative for more than 10 years...Click HERE


arrow Just give missed call to Toll free number 18004195511 from your registered Mobile number for Balance Enquiry. To HOTLIST the ATM / RUPAY DEBIT card :- DIAL 9223110011 from your registered MOBILE NUMBER, after 2-3 rings call will be disconnected & system will HOTLIST your card with SMS confirmation.


arrow Intimation to Account holders having "0" Balance for 6 months : -Click here


arrow LIST of SB/CD accounts having "0" Balance for 6 month : -Click here

Guidelines for claim of Unclaimed Deposit & to activate Inoperative Accounts for 10 years & more.
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List of Unclaimed Deposits & Inoperative Accounts for 10 years & more.
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arrow While booking online Tickets through IRCTC website with the help of RuPay Debit Card, Use RuPay card (Powered by Kotak Bank) under option payment gateway / credit card .

arrow Charges for Transactions inclusive of Financial & Non Financials on other Banks ATM in a calendar month Rs.20 per transaction plus GST.For Savings Bank account holders Five such transactions are free in a calendar month.
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