NEWS & ADVICE : SAVINGS ACCOUNTS
Corporation Bank reduces base rate by 25 bps
By Neelima Shankar
Feb 7, 2013
Print    Email    RSS   

The public sector lender, Corporation Bank has reduced its base rate by 25 basis points to 10.25 per cent from 10.50 per cent.

The new base rate will be effective from February 6, 2013.

Corporation Bank has also launched two new savings account variants- SB Signature and SB Super.

Mr. Ajai Kumar, Chairman and Managing Director of Corporation Bank launched the two new savings account variants at NRI meet at Dubai on February 4, according to the press release.

For SB Super, a customer will have to maintain a minimum quarterly average balance (QAB) of Rs 15,000 and Rs 1 lakh for SB Signature.

For both SB Super and SB Signature, preferential loan processing will be offered by affixing ‘priority' seal by the branch while forwarding loan applications.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
PPF- How good an investment option!!
12 point conduct checklist for bank and...
Carnival of Indian Personal Finance Blogs #1
How to check balance in savings bank account
Carnival of Indian Personal Finance Blogs #3


how to download my account details
last six months statement
CDS/CRTR/

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive