[nilesh]

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Hi buddy I want to know about Corporation Bank KCC Scheme , so would you plz tell me about this scheme here ??

[Vishal Kotkar]

Corporation Bank is a public-sector banking company headquartered in Mangalore, India.

As you asking here I am telling about Corporation Bank Kshemanidhi Cash Certificates (KCC) :

Scheme
A re-investment Term Deposit scheme where the deposit amount grows rapidly as interest is compounded quarterly.

Who can open :
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
Minimum 6 months and maximum 120 months.

Amount of Deposit
Minimum Rs.500/- in Rural & Semi Urban Branches & Rs.1,000/- in Urban, Port town & Metro Branches.
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.

Bank profile :
Type Public
Traded as BSE: 532179
NSE: CORPBANK
Industry Banking, Financial services
Founded 12 March 1906; 111 years ago
Headquarters Mangalore, Karnataka, India
Key people Jai Kumar Garg
(CEO, MD)
Products consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards,
Revenue 19,411.24 crore (US$3.0 billion)
Operating income 3,095.02 crore (US$480 million) (2016)
Net income -506.48 crore (US$−79 million) (2016)
Total assets 234,863.61 crore (US$37 billion) (2016)
Owner Government of India
Number of employees 19,569 (2016)
Capital ratio 10.56% (2016)