Overview of Corporation Bank Corp Super Savings Account
Having a functional savings account will help you reach your financial goals faster and will enable you to save more money. If you are looking for a savings account that is easy to operate, Corporation Bank Corp Super Savings Account is your best bet. This savings account also comes with a plethora a benefits including insurance benefits, discounts on locker rental and discounts on purchase of gold coin from Corporation Bank.
|Category||Corporation Bank Corp Super Savings Account|
|Minimum Average Balance Requirements (MAB)||A Quarterly Average Balance (QAB) of Rs. 15, 000 must be maintained.|
|Debit Card Offered||Corporation Bank Platinum Debit Card|
|Interest Rate||4% per annum on daily minimum balance|
Services Offered with Corp Super Savings Account
The following services are offered to Corporation Bank Savings Account holders.
|Passbook and e-Statements||Passbook is offered at a nominal cost. E- Statements will be sent to the account holder’s registered email id at no extra cost.|
|SMS Alerts||SMS Alerts are offered free of cost.|
|Cheque Book||60 personalized cheque leaves per annum will be provided at no extra cost. Additional cheque leaves will cost Rs. 4 per leaf.|
|Cash Withdrawal||Other Bank ATMs - 10 transactions (financial and non - financial) free per month Corporation Bank Debit Card - Free unlimited transactions|
|Internet Banking||Internet Banking facilities will be offered at a nominal charge.|
Features of Corporation Bank Corp Super Savings Account
Some of the features of Corporation Bank Corp Super Savings Account are listed below.
|Personal Accident Insurance Cover||Corporation Bank Corp Super Savings Account holders get free personal accident insurance coverage worth Rs. 5 lakhs if the prescribed Quarterly Average Balance is maintained regularly.|
|High Cash Withdrawal Limits||Using the Corporation Bank Platinum Debit Card, Corp Super Savings customers can withdraw up to Rs. 1 lakh in ATMs across the country.|
|AMC waiver for Demat Account||Corp Super Savings Account customers get the Annual Maintenance Charges (AMC) waived off for bundled Demat Accounts.|
|Concession for Purchase of Gold Coin||Corporation Bank Corp Super Savings Account holders will get 25% concession in charges for purchasing gold coin from Corporation Bank.|
|Discounts on Locker Rental||Corporation Bank Corp Super Savings Account customers get 25% off on locker rental for first year with the privilege of priority locker allotment.|
|Concession in DD and Standing Instruction Charges||Corp Super Savings Account holders get 50% off on the standard DD charges, account closure charges, standing instruction charges and charges for issue of certificates.|
Fees and Charges for Corp Super Savings Account:
Given below is the schedule of fees & charges for various services related to Corporation Bank Corp Super Savings Account.
|Service / Product||Fees & Charges|
|Stop Payment Instruction Charges||Rs. 25 plus service tax per cheque (Up to a maximum of Rs. 250)|
|Charges for non-maintenance of Quarterly Average Balance||Rs. 150 per service tax|
|Account Closure Charges||NA|
|NEFT through Internet Banking||Nil|
|Duplicate Passbook||With latest entry : Rs. 100 With previous entries per page : Rs. 100 Beyond six months’ entries per page : Rs. 150|
|Interest Certificate and issue of duplicate deposit receipt||Rs. 100|
|Point of Sale Limit||Rs. 2 lakhs per day|
|RTGS Charges||2 RTGS transactions per month will be free of cost. Enquire with Corporation Bank to know more about the revised RTGS charges.|
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.