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5th December 2016, 03:53 PM
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Join Date: Aug 2012
Re: Corporation Bank Rules

Corporation Bank is a public sector banking company headquartered in Mangalore, India.

As you want to open your account in Corporation Bank and for the same asking for account opening rules ,so here I am telling same for you :

Eligibility require :
An Individual in his/her own name with a sound mind

Individuals in their joint names with suitable repayment instructions.

Minor represented by parent / guardian.

Minor student above 10 years (However, cheque book will not to be issued but they are eligible to avail Debit/ ATM card. Self-cash withdrawals are permitted but not 3rd party payments & overdraw).

Clubs, Societies, Associations, Trusts, Executors, Educational Institutions, Administrators, HUFs, etc.

Mini bal. require

Rs. 500/- in all Branches except Rural

Rs. 250/- in Rural Branches


Rate of Interest :


4% p.a. (on daily minimum balance)

Charges
Interest Payment Frequency :


Half Yearly

Non Maintenance of QAB :


Rs. 100/- per quarter + S.T.

Cheque book charges :


40 Free Cheque leaves (per FY), Rs. 4/- per additional leaf

Cheque Return Charges :

(inward clearing Rs.100/- , if 3 or more cheques are returned for “insufficient funds” Rs.200/- per cheque, for return of cheques sent in outward clearing : 50% of coll. Charges (min. Rs.60/-)


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