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Old November 30th, 2015, 09:53 AM
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Default Corporation Bank Flexi Deposit

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  #2  
Old February 20th, 2018, 10:01 AM
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Default Re: corporation bank flexi deposit

I required some information about Money Flex Deposit offer to customer by Corporation Bank, for that I need your assistance?
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  #3  
Old February 20th, 2018, 10:01 AM
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Join Date: Aug 2012
Default Re: corporation bank flexi deposit

To know the information about Corporation Bank, Money Flex Deposit scheme here I will gather information for you.

Eligibility
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.

Rate of Interest
The rate of interest depends on the period of deposit, payable at the rate as decided by the Bank from time to time.

Interest Payment Frequency
In case of Money Flex FD, interest is paid at quarterly intervals till maturity.

In case of Money Flex KCC: Interest is compounded quarterly and is paid on maturity.

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 Part of the deposit in units of Rs.1,000/- can be withdrawn prematurely while continuing the remaining deposit.

Add-ons
Nomination facility
Premature closure facility as per the rules lay down by the Bank.
Loan facility up to 90% on the deposit, while for 3rd party deposit, it is up to 75%

Address:-
Corporation Bank
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Phone:-
91-824-2861888
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