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Hii sir, I Wants to get the Information About the Recurring Deposit Lakhpati Scheme of the Corporation Bank Will you Please Provide It ?

[Vishal Kotkar]

Corporation Bank is a public-sector banking company headquartered in Mangalore, India. The bank has a pan-Indian presence.

As you Asking for the Information About the Recurring Deposit Lakhpati Scheme of the Corporation Bank let me tell you that At Present the Bank Does Not Have this Scheme For the Latest Schemes of the Corporation Bank you may Stay Touch With the Bank Here I am giving you the Information About the Recurring Deposit of the Corporation Bank That is as Follow

Recurring Deposit Scheme :

An ideal way to plan for the future needs. Best way to save a fixed sum every month for a fixed period and get a lump sum amount on maturity, along with interest rate payable for term deposit.

Period of Investment
12 months to 120 months.

Amount of Deposit
Minimum Rs.50/- per month in Rural & Semi Urban Branches & Rs.100/- per month at all other branches.
Deposit to be made in multiples of Rs.25/-, subject to the minimum amount.
No Maximum Limit on deposit.

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.


Penalty
Penalty @ Rs. 1.50 per Rs. 100/- per month is applicable, if any installment is not paid for the relevant month.

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.

For more Information you may Visit to the Nearer branch of the Corporation bank