#1
5th December 2016, 03:23 PM
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Corporation Bank Rules
Hi buddy will you plz tell me Rules for open Savings Account Corporation Bank, as I am going there my account opening ??
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#2
5th December 2016, 03:53 PM
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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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