Credit Policy Of Corporation Bank

Hello sir, would you please give me detail for Credit Policy Of Corporation Bank? How to get benefits of Credit Policy Of Corporation Bank?

Corporation Bank is a subsidiary of the Life Insurance Corporation of India. Life Insurance Corporation of India was formed through the LIC Act, 1956 by the Indian Government

Features and Benefits of Corporation Bank Credit Cards:
Free of Cost:
There are no charges on availing the LIC Corporation Bank Credit Cards, it comes free of cost. There are no charges levied as Joining Fee, Annual fee or Renewal Fee.

Incomparable Interest Rates:
LIC Corporation Bank Credit Cards are offered at competitive rates of interest. The interest charged on revolving credit is 33% per annum and 2.75% per month for Gold Credit Card and 3% per month and 36% annually for LIC’s platinum credit cards.

Validity:
The LIC Corporation Bank Credit Cards are valid for 5 years.

Corporation Bank Credit Card availed by the card holder anytime, the condition being that the credit limit set by the customer must be below the actual credit limit offered by the Bank.

Eligibility:

The customer must be a citizen of India. Applicants who are NRIs, PIOs and Foreign Nationals are not accepted.

A minor or an illiterate person cannot apply.

The applicant should have valid Permanent Account Number/ PAN, issued by the Income Tax Department.

The primary applicant/card holder should not be below 18 years of age. The maximum age criteria for eligibility of a primary card holder is 60 years and below.

An Add-on Card holder should not be aged below 18 years and should not be more than 65 years of age.

Documents required:

KYC Documents such as Photo-Identity Proof and Proof of Residence
Proof of Income or Income-surrogated Documents
Proof of Relationship with LIC

List of Corporation Bank Credit Cards:

LIC Corporation Bank Platinum Credit Card
LIC Corporation Bank Platinum EMV Credit Card
Corporation Bank International Credit Card

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