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 Part of the deposit in units of Rs.1,000/- can be withdrawn prematurely while continuing the remaining deposit.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