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Mangalore: Corp Bank Offers 7.25% Per Annum as Interest for 1,000-Day Deposit

  •   Fri, Jun 18 2010 05:35:41 PM

Media Release

Mangalore, Jun 18: Corporation Bank has launched a new term deposit scheme, ‘Corp Premium Deposit Scheme’.  The deposit will be accepted for a fixed period of 1,000 days for which 7.25% per annum will be offered as interest.
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The interest rate is applicable starting from a minimum deposit amount of Rs 500 in case of rural and semi-urban branches and Rs 1,000 in case of urban, port town and metro branches. It is restricted to less than Rs 1 crore. The offer is for a limited period with effect from 15-06-2010 for a period of three months till 15-09-2010. 

The senior citizens will be offered an additional interest rate of 0.5 %. Premature closure is permitted as per the extant guidelines.

  

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Title: Mangalore: Corp Bank Offers 7.25% Per Annum as Interest for 1,000-Day Deposit



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