#1
22nd March 2016, 03:08 PM
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Corporation Bank Zero Balance Account
Hello sir, I am Uogesh Kumar. I am from Delhi. I want you to help me by giving me some information about the Corporation Bank Zero Balance account. Can you tell me about its features, facilities provided by it?
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#2
22nd March 2016, 03:09 PM
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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. |