Corporation Bank Flexi Deposit

I am planning to open an account in the Corporation Bank and before that I want to know details of Corporation Bank Flexi Deposit Scheme. Will you please provide me all details related to Corporation Bank Flexi Deposit Scheme also provide me address of this bank?

[Shaleen]

Started about 109 years ago in 1906, with an initial capital of just Rs.5000/-, Corporation Bank has recorded Rs. 3,32,427 Crore mark in business.

About Corporation Bank Flexi Deposit Scheme:

A Deposit Scheme which allows withdrawal of part of the deposit in units of Rs.1,000/- at any time, without the necessity of prematurely closing the entire deposit account.

Who can open:

An Individual in his/her own name.
Individuals in their joint names with suitable repayment instructions.
Minor represented by parents / guardian.
Clubs, Societies, Associations, Educational Institutions, Trusts, Firms, Partnerships, Joint Stock Companies, Executors, Administrators, HUFs, Govt. Departments, etc

Period of Investment
For Money Flex KCC & FD
7 Days to 120 months

Amount of Deposit

Minimum Rs.5000/- and thereafter in multiples of Rs.1,000/-.
No Maximum Limit on deposit amount.

Withdrawals

No need to close the entire deposit, if part of the amount is required. Part of the deposit in units of Rs.1,000/- can be withdrawn prematurely while continuing the remaining deposit.

Contact:

Corporation Bank
Corporate Office
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Tele: 91-824-2861888
Fax: 91-824-2440964