The public sector lender, Corporation Bank has launched two new term deposit products (fixed deposit)- ‘Corp Gain' and ‘Corp Super Gain Plus'- with effect from December 4, 2012.
A bank release of Corporation Bank said here on Monday that Corp Gain is offered for 222 days with the interest rate of 9 per cent. Corp Super Gain is offered to the general public for 444 days with an interest rate of 9.25 per cent.
The amount of deposit is Rs 10000 for both the new schemes and maximum amount for deposit is Rs 5 crore. The release said that there is no penalty for premature closure.
Recently, Corporation Bank has started providing its customers the facility to carry out banking transactions through tablet PCs and iPads. This latest development of the bank in the digital banking space was announced by Mr. Ajai Kumar, Chairman and Managing Director of the bank.