Corporation Bank is a public sector bank headquartered in Mangalore, Karnataka. The bank was established in the year 1906. Corporation Bank operates a network of 2440 branches and 3040 ATMs along with 4724 branchless banking units in the country.
The features of the Corporation Bank savings account have been mentioned here.
CORP Regular savings account
The minimum quarterly average balance required to be maintained in the Corporation Bank savings account has been mentioned here.
- QAB in the savings account of all branches except rural- Rs 500/-
- QAB in the savings account of rural branches- Rs 250/-
The charge to be paid per quarter for non-maintenance of minimum quarterly average balance is Rs 100/- per quarter. This amount does not include the service tax.
CORP Super saving account
The minimum average quarterly balance required to be maintained in this account is Rs 15,000/-
The charge for non-maintenance of minimum average quarterly balance is Rs 150 per quarter plus service tax.
CORP Elite and Delite savings account
There is no condition of a minimum quarterly average balance to be maintained in both these types of savings account.
CORP Mahila Power account
The minimum QAB to be maintained in this savings account is Rs 2500. The charges for non-maintenance of this balance is Rs 100/- per quarter plus ST.
CORP Arambh savings account
There is no minimum QAB required to be maintained in this account.
CORP Signature savings account
The minimum QAB to be maintained is Rs 100,000. Charge for non-maintenance is Rs 500/- per quarter + ST.
CORP Classic savings account
Minimum balance to be maintained is Rs 15,000/- in this account. There is no charge on non-maintenance of this balance.
CORP New Gen account
The minimum QAB to be maintained is Rs 100/-. The penalty for non-maintenance is Rs 100/-.