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Corp New Gen - Students' SB account
Corporation Bank is pleased to inform the introduction of a new Savings Bank account targeted at the student community. The Corp NewGen - Students SB a/c has several value added services. The accounts have a reduced quarterly average balance, concession in service charges for issuance of DD/PO, collection of cheques, ABB transactions, Free Debit Card etc. The important benefits / features of the Corp Student SB a/c are as under:
Who can open the Account?
Only students who have completed 10 years of age and are pursuing regular courses can open these accounts. Existing regular SB accounts of students already opened with the Bank can also be converted to this new account. At the time of opening the account, the student has to furnish a copy of student ID card issued by the school/college.
Initial Deposit & Quarterly Average Balance (QAB)
These accounts can be opened without any initial deposit. However, the a/c holder should maintain a quarterly average balance of Rs 100/- thereafter.
Special facilities
In order to encourage students to open Savings Bank accounts with the Bank, it has been decided to offer the following facilities / services: -
| v | No annual maintenance charges for Debit Cards |
| v | No service charges for purchase of DDs / POs through the account upto a maximum of 5 instruments per month |
| v | No service charges for collection of cheques upto a maximum of 2 instruments per month |
| v | No service charges for Any Branch Banking transactions |
Other facilities available
| v | Personalised Cheque Book facility (For students above 18 years of age) |
| v | Railway ticket booking / Mobile Recharge |
All other facilities available to normal Savings Bank account shall also be available to this account as per the same terms & conditions.
Account shall be converted to regular Savings Bank account on end date of course (as per ID card).
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