Kshemanidhi Cash Certificate-Corporation Bank

I want to know about Kshemanidhi Cash Certificate facility started by Corporation Bank for that will you please get the information about the facility?

On your demand I will help you here to get the details about Kshemanidhi Cash Certificate facility of Corporation Bank so that you can go through it easily.

Here I’m teling you about the Scheme

Scheme
A re-investment Term Deposit scheme where the deposit amount grows rapidly as interest is compounded quarterly.

Eligibility Criteria
An Individual in his/her own name.

Individuals in their joint names with suitable repayment instructions.

Minor represented by parents / guardian.

Clubs, Societies, Associations, Educational Institutions, Trusts, Firms, Partnerships, Joint Stock Companies, Executors, Administrators, HUFs, Govt. Departments, etc.

Duration of Investment
Minimum 6 months and maximum 120 months.

Amount of Deposit
Minimum Rs.500/- in Rural & Semi Urban Branches & Rs.1,000/- in Urban, Port town & Metro Branches.

No Maximum Limit on deposit.

Rate Of Interest
The rate of interest depends on the period of deposit, payable at the rate as decided by the Bank from time to time.

Add-ons
Nomination facility

Premature closure facility as per the rules lay down by the Bank.

Loan facility up to 90% on the deposit, while for 3rd party deposit, it is up to 75%


Address:-
Corporation Bank
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Phone:-
91-824-2861888

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