Overview of Corporation Bank Pragati Account
To make it even easier for customers to cultivate the habit of savings, Corporation Bank has recently unveiled a special basic savings account with zero balance facility. The Corporation Bank Pragati Savings Bank Account is one such account which can be which offers a host of beneficial features including zero balance facility. This account can be opened with a minimum initial deposit of as low as Rs 10, while giving the account holder all basic facilities which are a part of a savings account. There is no penalty applicable if the account balance falls below this initial deposit amount of Rs 10.
The Corp Pragati Account can be opened by Accounts can be opened by all individuals who are eligible to open a regular Corporation Bank savings account. All individuals who may be pensioners, casual laborers, agricultural & plantation laborers, members of self-help groups, self-employed individuals running small shops, students, individuals employed in the unorganized sector, etc. are eligible to open the Crop Pragati account.
This account offers several features like debit card facility, remittance facility, cheque book facility, collection of cheques, pass book facility, cash deposits / withdrawals and many other features.
|Category||Corp Pragati Account|
|Minimum Balance Requirement||There is no specified minimum balance requirement with this account.|
|Initial Deposit Amount||A minimum initial deposit of Rs 10 must be made at the time of account opening.|
|Interest||Interest will be applicable at the same rate as is applicable to normal savings bank accounts.|
|ATM/Debit Card||Corporation Bank Debit card to be provided with this account.|
Features of Corp Pragati Savings Account:
|Cash Withdrawal||Customers can make withdrawals only at the base branch via cheque leaves or cheque books issued.|
|Collection of cheques||Facility available|
|Passbook facility||Facility provided.|
|Cheque book facility||One personalized cheque book of 10 leaves will be issued in a quarter.|
|Credit of Outstation cheques||Immediate credit of outstation cheques|
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