Features of Corporation Bank Account

Features of Corporation Bank Account

Anil Kumar

Having a savings account is a must if you like to save money regularly and safely. Opening a new savings account in India is not difficult since there are many banks which you can choose to request for one.

Outline of Corporation Bank

Corporation Bank was founded in 1906 at Udupi, Karnataka state, India. It is one of the Indian investment banks in Public Sector Undertaking. The bank begun its operation with an early capital of USD 100, and first day’s canvassed balances of less than one USD.

The bank holds the reputation as the first Indian bank to disclose its financial outcomes during 1998-99 conforming to US GAAP. Presently, the bank’s main office can be found at Corporation Bank, Corporate Office , Mangaladevi Temple Road, Pandeshwar, Mangalore 575 001 India.

A number of the utilities and products provided by CorpBank are loans, savings, checking account, credit cards, investment funds and a lot more. It has been a receiver of many awards in the former times like:

1. India’s Strongest and Asia’s Second Strongest given by The Asian Banker, Singapore dated 15 December 20032. India’s Best Public Sector Bank awarded by Outlook Money on 15 March 2004

Attributes and Benefits of Corporation Savings Account

There are many privileges of owning a savings account. In the list below, you can view some of the most typical attributes of Corpbank bank account.

i. Any Branch Banking

Your banking transaction is not limited to your branch alone. Corpbank has every branch banking attribute that allows its customers to access and transact from other linked branches.

ii. Internet Banking facility

Through Online network banking, you can access your account from anywhere in the globe at anytime. Simply enroll your account to it and you may have the convenience of online banking.

iii. International Debit Card

Through a debit card, you can shop at merchant enterprises and withdraw cash at all Visa ATMs worldwide. You can also course CorpBank’s method of online linked ATMs and also use the National Electronic Funds Transfer (NEFT) facility through CorpBank ATMs all over India.

iv. SMS Banking service

Are you at a great distance away from your branch and you don’t have Internet access? You may even access your Bank Account and carry out variety of banking activities if you have your mobile phone registered to SMS banking attribute of CorpBank.

v. Other Benefits

If you open for a Corpbank savings account, you can get a passbook and account bills. You can also have Check books, Tax Amortizations, Insurance & Mutual Funds, Standing Briefings and all other services.

If you are searching for the request form for savings account, you can download it in their site.

If you are thinking to open a bank account at Corporation Bank, you may remember the advises and notes cited above. Basically, utilizing a savings account in India is not hard, you simply need complete documents and enough cash for initial deposit.

Anil Kumar is a finance blogger who likes writing about financial education, saving, investing and earn money online. To get helpful details on how to apply a Corporation Bank account, you should drop by India Bank site.