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Mangalore: Corp Bank launches bumper car carnival, new schemes
Daijiworld Media Network – Mangalore (VM)
Mangalore, Mar 1: Corporation Bank on Friday March 1 launched three new schemes namely bumper car carnival, Corp Global current account and current account premium variants – Corp Cub and Corp Previlege here at the corporate office, Pandeshwar.
The new products were launched by Ajay Kumar, chairman and managing director of the Bank.
Briefing on the products, he said, "the ‘Bumper Car Carnival’ is a short term promotional offer launched by the Bank for financing new four-wheelers. The interest rate offered is the lowest in the banking industry which is 10.4 % per annum for a period upto 7 years. The processing charges are fully waived, and is a limited period offer for 15 days starting from March 1 to March 15."
"The Bank has also come out with a special current account for exporters and importers that is ‘Corp Global Current Acoount’. The account is specially designed for Forex clients who do not enjoy any credit limits. The benefits offered to the QAB (Quarterly average balance) variants are:
- For QAB 1.00 lakh: Collection of Export/ Import bills and outward remittances up to USD 50,000 per transaction at Rs 1000 only.
- For QAB 2.50 lakh: Collection of export/import bills and outward remittances up to USD 50,000 per transaction - free
Two other new premium variants in the current account segment are ‘Corp Privilege’ where QAB maintained by customer is Rs 2,50,000 and in ‘Corp Club’ the QAB balance should be Rs 2,50,000.
"With these criteria fulfilled by customer, he can enjoy free benefits like SMS alerts, NEFT.RTGS, account statement via email, free multiple account sweep facility (pooling), bulk upload facility, payment gateway facility at discounted rates, comprehensive fee collection facility for schools, colleges and several others," stated Ajay Kumar.
K Rama Murthy and P Rajaram Karanth, general managers, Dr Kurian P Abraham, deputy general manager of the Bank among others were present.
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