Corporate Banking

Welcome to Shri Vinayak Sahakari Bank Ltd. Established in 2001 the bank is skillfully managed as a Financial Institution. The Bank is specially structured for government employees and small businessmen.

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Online Payments Made Effortless with Easy Pay

Electronic money exchange has become one of the catalysts of an E-commerce payment system. With the hype in Online shopping & banking in the Digital world, there is a widespread upsurge in online payment transactions in India.

"As per Statista, nearly 660 million Indians are accustomed to the use of Online Payments that will contribute to approximately 2.2% to the world's digital payment market."

The pandemic resulting from COVID-19 has forced people to adapt to the digital payment options available. Despite being in a state of lockdown, the nominal expenses for sustaining a livelihood persist. This makes it mandatory to make payment for the array of services availed & with everything made digital nothing is impossible. Funds can be securely exchanged in the blink of an eye without any delays with a button on our smart electronic devices.  Cut the wait & make your payment organized with an easy alternative – Easy Pay.

Not every person is tech-savvy. India has a substantial count of senior citizens in the population who are not well versed with any such forms of online payments & thus prefer physical banking over online payments. You might wonder that there are various other options available like net banking, Paytm then why opt for this? Ask yourself how many uncountable payments do you make in a month? Are all of them large amounts that can be done by net banking & NEFT? Of course not.

There are minuscule payments that we make in an everyday course for instance:

Mobile & Telephone bills

Electricity bills

Gas bills

Tax payments

LIC premiums

Money transfers for online purchases

Payment for online travel tickets booked & many more.

Would you prefer if all these were made possible to be paid under one roof, the convenience of not having to rush at various places for distinctive payments at the month end? Perhaps, Yes!

Easy Pay is creating its own niche in the banking industry with all payments executed brisk, hassle-free & securely from one physical location. It is comfort & assistance offered to ease you a little from the hustle & bustle of life. Experience this kind of payment marketplace with SVSBL – A bank of tomorrow. We offer a one-stop solution for all payments with an extensive network of physically-placed outlets for both rural & urban masses. The POS device facilitates multiple payment modes with instant confirmation of payment & transparency eliminating the need to travel, walk & pay. Acquaint yourself with the new facet of accessible banking.

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Retail Banking A Financial Obligation

Prepare a list of the essential elements of your everyday life apart from the 3 basic needs of food, water & shelter. What falls on your priority & imperative list that can't be missed at any cost, without which it seems like your life would come to a halt?

"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented."  - Josiah Stamp

With digital or online banking gaining immense popularity, the retail banking sector has an increased urge to rebuild its image in the aspects of trust, consideration & advocacy. Yet, you will still interact with retail banks regularly even if you primarily bank online. Retail banking as a whole is very integral in our mundane banking life. It takes place between consumers & their personal banks facilitating basic banking services for checking & savings accounts, loans, daily deposits & withdrawals, much more. Also popularly termed as Personal or Consumer banking it has a huge customer-base being customer-oriented & hence entails a large number of transactions with small values. The emerging sector of retail lending has been significantly conducive to economic development thereby accounting for almost one-fifth of all banks' credit in India.

Unlike all the sectors of the economy that are undergoing advancement, the retail banking sector is no exception. To cater to the diverse needs of individual customers in the most efficient & cost-effective manner possible, there has been a paradigm shift in the retail banking strategies. Banks have adopted a mix of progressive strategies for a transformational banking experience in terms of introducing Net banking, Plastic money, ATMs, Loans for every need, etc.

Why is Retail banking still prominent & widely accustomed practice for every human from rich to poor? Some of the reasons to justify this are:

If you meet a person occasionally you tend to know their ins & outs & remember them better. Likewise, retail banking makes it possible for individuals to remember the brand as they interact with it daily. It is a way to create your brand image in the consumer's mind.

Retail banking focuses on small-ticket transactions rather than big-ticket ones thereby offering a diversification advantage to the banks.

Retail deposits are stable, interest insensitive, reduced risk & less bargaining for additional interest.

It is possible to establish & maintain an effective customer relationship being beneficial for both the bank & the customers.

Shri Vinayak Sahakari Bank Ltd. could be the roof for all your retail banking needs. We are a professionally managed Financial Institution, a benchmark of transparency, credibility & innovation. Customer delight is our ultimate goal as we are customer-centric & service focused which serves the basis for noteworthy & appreciable growth. We are not a follower of self-praise, so Visit us for an effortless retail banking experience.  

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Gold Loans a Wise Investment

"Gold and Silver are Money…Everything else is Credit."- J.P. Morgan

Ask yourself, Do you Live to Work or Do you Work to Live?

Probably the majority of us will go with the latter. Each one of us works to give ourselves and our family the lavish lifestyle that we have always dreamt of. But in the present scenario when we all are stuck amidst the pandemic crisis, an excessive recession, the shutdown of businesses, no prospective way to earn income through investments the primary concern & struggle for every family is to earn enough to sustain a livelihood. Also, the human tendency to be futuristic never fails to persist.

With the recession kicking in at a huge pace in every sector of the economy, there is an increase in the rate of felony & burglary all over the world. It is pivotal to assure our earnings are secure in a safe place with ways of multiplying them to be prepared to meet the unforeseen contingencies of life. It's a do or die situation. The best approach that is both profitable & relieving is to put your Gold in banks and avail yourself a Gold Loan. Make the gold in your locker work for you in times of immediate need for funds. Having your gold sitting ideal in your house lockers will only add more stress & wouldn't multiply your funds either. Be Smart & grow your funds with Gold Loans.

Gold loans can grow funds that can be used for weddings, education, business expansion, or other needs. Get access to the following benefits:

Get yourself the help you need by putting gold assets as your collateral in safe hands

Omit the expense of processing fees as you do not need to present any income proof documents unlike other loans

Cut the wait by getting sanction to the loan amount immediately after submitting your gold assets as collateral & signing some documents for safety.

Meet your higher borrowing needs with gold loans as it has a higher cap on the loan amount

Gold loans come with lower interest rates comparatively so this offers you the dual benefit of making repayment a bit easier.

Choose from various flexible repayment options with a gold loan.

Wait no more and get your Gold Loan process started and sanctioned with the bank of tomorrow 'Shri Vinayak Sahakari Bank Ltd'. We guarantee to simplify the process for you with minimal documentation to make it less time-consuming because your time is precious to us. We are a benchmark of transparency, credibility & innovation in Ahmedabad. Visit us to know more.

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Franking: The New Age Stamping

As times have passed humans have become highly dependent on machines, instead of machines being controlled by humans. Digitalization and technology as a matter of fact have traversed into every sector of the economy and machines have become an essential part of everyone’s life. Going online and being digital is extensively followed by all industries, be it entertainment, medical, hospitality, government services, or even banking!

Nowadays, it is said that we carry the bank wherever we take our phone or tab, this is because banks have introduced digital banking for all their services and other customer assistance. The various e-services offered by the banking sector of today are transfers, e-payments, e-stamping also known as a franking, and others.

What is franking?

Franking is the process of getting important documents stamped, imprinted, embossed, or affixed with stamps, markings, and logos stating that the documents franked are authentic, original, and legal. A franked document also conveys that the stamp-duty and the fee charged has been paid fully and successfully. It is in-general the electronic way of stamping duty provided by banks.

Here are the different benefits of franking

As computers have made life easier, the internet has made lives even easier. Digital banking has made banking effortless and anytime just at the fingertips. Similarly, stamping has also digitalized and this is called franking and here are the advantages of it-

Convenience

Franking is a highly convenient way of stamping and authenticating documents as it is electronic and you just need to click a few buttons and a document is franked and ready to be delivered.

Speed

Franking is in a way digital stamping, as we all know machines are quick at getting things done. Franking too is the quick machined processing is done, that gives out franked/stamped documents in a few minutes.

No manual operating

This is one task where there is no requirement to keep inkpads and stamps at banks anymore and there is no requirement for the hiring professionals to carry out this menial task anymore. As franking is a machine operated stamping method working on electricity with a digital platform.

Fewer expenses

As there is a minimal amount of equipment, time and effort put behind the entire process of franking, the expenses incurred to get a document franked are highly affordable and nominal, though the charges vary from bank to bank, they are easy to pay off.

Accountability

When you get e-stamping done, it also stores the documentation charges in the record so that you can claim full expenses when there is a tax return appeal. This helps in keeping track of postage costs across various departments.

Searching for the most professional franking facilities in town?

Shri Vinayak Sahakari Bank is has become a notable name, due to its efficient, secure, and highly authentic franking facilities. We offer this facility in the best sense and at the most affordable stamp duty in town. Our team of highly skilled professionals also get you pre-printed stamp papers where the cost is levied on the cost of the papers. When you get franking done from us, all you need to do is just sign the documents and get them registered as stamp duty cleared documents.

We provide secure, efficient, and dependable banking services to all sectors and individuals of the economy, be it an entrepreneur or an individual, we are there for you! We are a professional financial institution benchmarking transparency, credibility, and innovation in the financial sector. We also offer special benefits for senior citizens, and also nomination facilities so that all the financial needs and requirements of our consumers are fulfilled.

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The Features Of Daily Recurring Deposit

Banks not only provide safe-keeping facility for money and other valuables. They also provide quality short-term and long-term investments so that the urgent and hefty financial needs of all customers are met, in return for the idle money deposited in the banks. Banks provide resourceful and highly beneficial investment options, such as fixed deposits, recurring deposits, and daily recurring deposits.

What is a daily recurring deposit?

Daily recurring deposit is the facility by different banks and other financial institutions, that enables you to earn extra funds, in the form of interests monthly or over the year as, per the terms mutually set for which you are to pay small interests daily ranging from Rs.10/- to 20/-, 30/- etc until maturity or the decided tenure.

Let’s take a look at the amazing features that this facility provides us!

Savings- Starting a daily recurring deposit account is a good start towards making saving a habit and having a highly financially secure future.

Fixed amount- This banking instrument offers you a fixed amount of funds for your set maturity tenure ranging from six months to ten years.

Marginal payments- Under the daily recurring deposit, you are to pay only a nominal amount daily ranging from a minimum of Rs.10/-  and so on, at your convenience.

Customization- When you open a daily recurring deposit account, you can set your desired investment amount and the tenure of investment and interest earnings.

Any Time- You can deposit different amounts at different times of the tenure, it is not fixed on a monthly or yearly basis or any fixed amount of tenure.

Searching for the most reliable daily recurring deposit facility providers!

Shri Vinayak Sahakari Bank Ltd has paved a well-established name in the banking sector of the economy by providing the best in class, reliable, secure, and efficient banking services, providing varied loaning facilities and investment options powered by the resourceful complimentary digital banking services. We also provide nomination facilities to all account holders and special benefits for senior citizens. We are a professional financial institution benchmarking transparency, credibility, and innovation in the financial sector.

Svsbl recurring deposit is the ideal option to go for if you wish to open a daily recurring deposit account. We offer transfer of recurring deposits directly to the existing customer’s savings/current account. We also offer the daily recurring deposit account facility for minors.

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How Banking Is Beneficial To A Senior Citizen?

When you are young and on your toes, there is enough finance to meet your daily needs, as you are working and have different ways to earn money. But, once you hit 60 or become a senior citizen, you can rely only on your savings and your kids and close ones to fend for you. That is not true, you can go on forward towards the banking sector to fulfill your requirements of the latter years.

Banks have great money-saving and financial advantages, just for your section of society!

Banks, as we all know, are financial institutions where businesses and individuals deposit or borrow money to meet financial needs, from which under certain services they sometimes also earn extra as interest or even pay a sum as interest. The functions and services are not only applicable to the different types of entrepreneurs and the general class of society. Each bank has different clauses and terms under which senior citizens are always given certain benefits higher than that to the other customers of the bank.

How do senior citizen banking services benefit!

Not only government banks but private banks and financial institutions too! Have the best in class services and provisions for the elderly. These financial institutions have queues and special help desks for the senior citizens to facilitate different financial services and inquiries that the seniors might be unaware of. As per the guidelines by the government each bank or financial institution, be it of any type must have a higher rate of interest for the senior citizens, from which they can avail enough funds to meet their essential requirements, in the form of interests.

The other benefits that banking institutions get to you for your financial well-being and security are- free lifetime debit/credit cards that too for limitless transactions of varied types, higher cash limits so that you can have as much money you desire to deposit or invest, as expenditures become nominal and the funds saved is always higher, personal accident insurance so that you can get enough financial coverage if you are injured or require medical aid and the senior citizen savings scheme, wherein the bank backed by the support of the bank gives you benefits of up to 8% interest rate and that too without any income tax consideration so that you can make the best investment even in your old age and get greater liquidity in return over the defined period.

Searching for the banking experts that will undoubtedly support you in your old age?

Shri Vinayak Sahakari Bank has been offering highly secure and reliable banking services for over a decade and a half now. We adhere strictly to all the guidelines by the RBI and have become a notable name in the banking sector of the state, for offering secure, efficient, and dependable services to all sectors and individuals of the economy, be it an entrepreneur or an individual, we are there for you! We are a professional financial institution bench marking transparency, credibility, and innovation in the financial sector.

We have special Senior Citizens Desk and our team of banking experts has always worked for and achieved customer satisfaction, irrespective of the customer being an entrepreneur or a senior citizen. There is a wide range of senior citizen benefits that our bank is known for. We have for you-The the anytime withdrawal facility from Senior Citizens Desk, where you can carry out withdrawal from any ATM near you at all times of the day, Free SMS facility so that you are updated with your account status, transactions, balance, and other offers of the bank on your phone so that you are free from the stress of going online and other attractive benefits to make your later life worthwhile and tension free.

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Covid-19 Pandemic And The Current Banking Problem

As we all know the Covid-19 pandemic or the novel corona virus has caused grave loss to the entire world economy, irrespective of what sector you work in be it the retail sector, the entertainment sector, or even the banking sector.

Claws Of Corona on the banking domains!

Corona hasn’t spared anyone. The financial sector has faced a loss of about 56.22 trillion in March itself. The pandemic has changed the way of banking, if not completely then to a great extent. Like every other business, they too! have taken deeply to the online world following digitization, there is a requirement for manual work only where necessary. The other banking services and functions are easily available online or on digital media.

The virus has spread into all the banking domains be it’s commercial banking, retail banking, corporate banking, union banking, and co-operative banking. The sectors most affected in the banking front are Corporate Banking and Commercial Banking.

Let’s take a closer look at how the virus has hampered both!

Corporate Banking

Corporate banking is the aspect of banking, as the name suggests, caters to the tailor-made financial services dealing with the corporate fragment of the country, assisting in loaning, investing, hiring and expanding services, in turn strengthening the trade fraternity of the economy.

The coronavirus has not only impacted the corporate sector at a physical level but also on a financial and economic level, dragging down the entire finance and business sectors of the economy not only in India but the world!

The negative impact has taken over all sides involving finance and business linkages, then be it due to isolating, following the practice of social distancing, that restrains the investors and businessmen from carrying out deals or entrepreneurs making errands to banks for different necessary services.

Or, even the liquidity rate which has accelerated due to stagnation and slow dissolution of the socioeconomic status of the country, on account of resistance to channelization and circulation of funds.

Commercial Banking

Commercial banking covers all need for financial planning at a public level. This aspect of banking covers every financial facility ranging from- accepting deposits, loaning instruments, and the basic investment option to earn profits. These facilities are extensively created for corporations, institutions, and at times the government to involve in merchant services, global trade services, treasury management, etc.

The commercial banking domain is the epicenter of COVID 19 in the banking fraternity. They are still thriving, helping their customers stay ashore throughout the outbreak, providing different services and functions with ease, and with as few delays as possible.

Covid-19 has even tossed the market dynamics and customer behaviors and mindsets when it comes to making saving and investment decisions, making them turn to different options that can save their finance.  They go in for techniques giving them higher long term benefits or just fast cash to make through these tough times of slowdown in the Indian economy.

Also like we all know the social distancing impact has led to a slowdown in the overall functioning in all sectors. Here it is not only the reduction of staff but also delays in different operations and services of the bank where making errands are inevitable.

Get the best of these banking fronts with the banking experts!

Shri Vinayak Sahakari Bank Ltd. is a reputed name in the banking sector of the economy, providing the best in class corporate and personal banking services, offering attractive interest rates and loan facilities along with appealing earnings powered by new age, secure digitalization in banking services, assuring sure-shot customer satisfaction. We also provide unique benefits to senior citizens for financial security and wellbeing.

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The Essentials Of A Safe Deposit Locker Facility

A safe deposit locker is a highly secure, individually maintained container held with a bank or a financial institution in a larger area called a vault, wherein the account holders or facilitators can safely keep all their valuables ranging from ornaments, antics to documents and other papers away from any sort of damage and thefts.

The safe deposit locker service like other services is available against a fee paid by the customer on a monthly or yearly basis in advance. Nowadays booking lockers can be done effortlessly on the online medium of the bank or the financial institution too, so it is not compulsory for you to visit the bank branch for availing the safety deposit locker.

Now let’s take a look at the benefits this financial instrument offers you!

Efficient Security – Safety deposit lockers are actually situated in a highly secure area of the institution where there are highly strong and robust well-equipped code or key-operated lockers, also space is well resourced with loud alarms, surveillance cameras and also security personnel. So that your possessions remain safe.

Disaster Protection – There is no need to fret if the city is in a state of a disaster or has been hit by a natural calamity, your articles in the safety deposit locker will remain safe as they are made to be water, fire, and tamper-resistant and are located at extremely low land levels or high land levels in the bank or the financial institution. Moreover, all the lockers are insured against calamities.

Estate Handling – Do not worry your valuables will remain safe even if you are not present or even after you pass away and the person you declare as the nominee at the time of allocation will get access to the contents of your safe deposit locker.

Easy Usability – A safety deposit locker is just like any other locker or safe-keeping instrument that is generally operated with a key or if the locker is a digital one it may open with a code or bio-metric scan, so it is very easy to function this financial device.

High Privacy – The safety deposit locker has two keys that can access it, one held by the bank and one with the customer. Only when both the keys are used will the locker open. This keeps your precious elements all to yourself, the bank professional will open the locker with his key, and then, once your key is used only then will the locker open.

Want a safety deposit locker of your own today?!

Shri Vinayak Sahakari Bank offers you the most reliable safety deposit locker facility for all sorts of valuables that you desire to safe keep at the most attractive rates, offering you the right locker for your needs from a choice of 9 sizes.

Our vault is well-equipped with high-tech security services, alarms, and also high voltage current activation. We offer direct debiting also, for locker fee payment. For more information about the service Contact Us.

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The Benefits of Missed Call Banking

In today’s era, everyone has a mobile phone and a bank account. The phone is used for various purposes and in these technologically fast times, mobile phones are also used to extend out towards the finance and the banking sector through different methods and channels such as messages, calling, chats, and the quickest of all the missed call banking method.

What is missed call banking?

Missed call banking is the new-age mobile banking method in which the customer of the bank is supposed to give a missed call to the bank’s assigned number from his registered number and get instant account updates such as mini bank statement, account balance and also the last transaction carried out from his account.

How is missed call banking beneficial?

Technology has always proven to be highly suitable in all the different sectors that it has entered. Technology has proven to be very useful in the banking sector as well, making banking highly effortless and user-friendly. Mobile banking has taken the financial services to a whole new domain and missed calls and SMS banking are the most avidly used mobile banking services after apps.

Now that we know what missed call banking is exactly, here is how advantageous this banking system is for you:

Quick

Effortless

Highly accessible

Free of Cost

Missed call banking method is a type of anywhere anytime banking where you can get bank details anywhere anytime when you make a call, the phone gets disconnected automatically and within a few minutes, you will receive a message with banking info of your account from the bank.

Shri Vinayak Sahakari Bank offers the most accurate and quick missed call banking services all you need to do is give a missed call from your registered number. To know more check out - https://www.svsbl.com/contact.html

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Introduction To Personal Banking

Personal banking is the banking service or product offered by banks and financial institutions to retailers and the common public rather than businesses and different entities. Personal banking includes savings and transaction facilities like bank transaction account, debit cards/EFT, interest bearing account and fixed interest account for term deposit  varying from bank to bank. It also enables various debt benefits such as mortgages, loans, credit cards etc.

Advantages of Svsbl personal banking :

Personal banking is the one-stop for all personal financial transactions

It is a service customised according to customer’s interests and financial habits.

A personal bank account offers security to all your funds.

Maintaining a personal account is easy.

Personal banking is easily accessible due to internet linking and automation

Banks pay interest on the deposits in your personal account so you get financial benefits on saving.

Automated bill payments are the new age introduction to personal banking where all bills of essentials will be directly withdrawn from the account.

Disadvantages of personal banking:

Personal banking is very costly and time consuming

Customers benefit better from other tools like mutual funds

Monitoring and following up huge volumes of loans comes across to be expensive and tedious.

To avail the best in class banking services at top rates with friendly staff and various services best suited according to your convenience and requirements, choose SVSBL. We are amongst the most notable names amongst the banking sector of the economy, providing efficient, secure and trustworthy services to all be it the business or the employee.

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World Kidney Day Make sure you hydrate: the most common cause of kidney stones is not drinking enough liquids, especially water. Drink up! Your kidneys will thank you later. Today Is World Kidney Day Let's celebrate with awareness and care. visit:  https://www.svsbl.com/

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Happy Holi Good luck, happiness, prosperity, and good health; may you get all this and much more on the happy occasion of Holi. Wishing you and your family a very Happy Holi

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Use our RTGS & NEFT procedures which are considered a reliable and secure method of transfer your funds #svsbl

Visit: https://www.svsbl.com/services_RTGS.html

https://www.facebook.com/ShriVinayakSahakariBankLTD/posts/678544639328138

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Svsbl gives Separate desks, especially for senior citizens for their convenient Banking Visit: https://www.facebook.com/ShriVinayakSahakariBankLTD/posts/676767142839221

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Svsbl gives expediency of banking from anyplace and anytime with a Savings account Visit: https://www.facebook.com/ShriVinayakSahakariBankLTD/posts/674981159684486

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Pay your all bills at one place, we provide you #easypay services where you can pay your bills with numerous modes. #svsbl

Visit: https://www.svsbl.com/easy_pay.html

Facebook: https://www.facebook.com/ShriVinayakSahakariBankLTD/posts/671942916654977

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The Guru’s whole work is to bring back the flow of life so that you start becoming joyous and utterly happy and blissful for no reason at all. #svsbl is wishing you Happy #GuruPurnima Facebook: https://www.facebook.com/ShriVinayakSahakariBankLTD/posts/670757616773507