Corporation Bank has introduced a “Basic Savings Deposit” SB a/c with zero balance facility. The account, ‘Corp Pragathi SB a/c’ can be opened with an initial deposit of Rs 10/- and will provide the account holder the basic banking facilities. No penalty will be levied even if the balance in the account drops below Rs. 10/-.
Any individual, including minors above the age of 10 years, who are eligible to open a normal Savings Bank account, can open the account. The account will be available in all branches of the Bank. Account holders will be provided chequebook facility, collection, remittance facilities etc.
“Basic Savings Deposit” Account
Who can open the account
Rate of interest
Facilities not provided
Other terms & conditions