2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
22nd March 2016, 03:09 PM
Super Moderator
 
Join Date: May 2012
Re: Corporation Bank Zero Balance Account

As you have asked about the Corporation Bank Zero Balance account, I am giving you some information about it, check below for the details
Corporation Bank has introduced a “Basic Savings Deposit” SB a/c with zero balance facility.
The account, ‘Corp Pragathi SB a/c’ can be opened with an initial deposit of Rs 10/- and will provide the account holder the basic banking facilities.
No penalty will be levied even if the balance in the account drops below Rs. 10
Features of the Account:
There is no minimum balance prescribed for the account. Accounts have to be opened with an initial deposit of Rs 10/-
Accounts can be opened by all those who can open regular savings bank accounts.

Rate of interest: As applicable to Normal SB a/c

Facilities provided
Withdrawals can be effected at base branches only through loose cheque leaves or chequebook issued. (The account holder can be issued one normal cheque book of 10 leaves in a quarter)
Withdrawals not to exceed 10 per quarter
Collection of outstation cheques
Remittance facilities
Passbook
Nomination facility

Service Charges
All service charges at existing rates

Facilities not provided
ATM / Debit Card Internet Banking facilityAny Branch Banking facility Personalized Cheque Book facility
Immediate credit of outstation cheques

Other terms & conditions
Self-Declaration from the customer to the effect that balance in the account will not exceed Rs.50,000/- and the total credit in all the accounts will not exceed Rs.1.00 lakh in a year.


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 05:08 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4