Corporation Bank Corp Super Savings Account

Corporation Bank’s Corp Super Savings Account offers 4% interest and a host of benefits like free personal accident insurance, locker rent discounts, and platinum debit card. Maintain a QAB of ₹15,000 to enjoy features like free SMS alerts, high ATM withdrawal limits, and waived AMC on Demat accounts.

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.

Bank

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.

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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