Mangalore: Corporation Bank launches Bumper Car Carnival and more schemes

Mangalore: Corporation Bank launches Bumper Car Carnival and more schemes

Mangalore Today News Network

Mangalore, March 1, 2013: Corporation Bank today launched three new attractive schemes – Bumper Car Carnival, Current Account Premium Variants – Corp Club and Corp Privilege and Corp Global Current Account for Exporters and Importers. The new products were formally launched by Shri Ajai Kumar, Chairman & Managing Director of the Bank at a press meet organized by the Bank at Mangalore.

"Bumper Car Carnival" is a short term promotional offer launched by the Bank for financing new four wheelers. It is the most attractive offer made by the Bank in the personal segment. The interest rate offered is the lowest at 10.40% p.a for a period upto seven years. The processing charges are fully waived under the scheme. It is a limited period offer for 15 days only starting from 01st March to 15th March 2013.

 

 

The Bank has come out with two new Premium Variants in the Current Account segment – ‘Corp Privilege’ and ‘Corp Club’ with a number of add-ons and freebies. The minimum Quarterly Average Balance [QAB] to be maintained by the customer for ‘Corp Privilege’ is Rupees Two Lakh Fifty Thousand and for ‘Corp Club’ is Rupees One Lakh.  The various free benefits offered under the above schemes are like SMS Alerts, NEFT/RTGS, Account Statement by Email etc. 
The Bank has come out with a special current account for exporters and importers – ‘Corp Global Current Account’. This current account is specially designed for the FOREX clients who do not enjoy any credit limits. In this scheme also there are two variants with QAB of Rupees Two Lakh Fifty Thousand and Rupees One Lakh respectively.

The benefits offered to the QAB variants are:
For QAB 1.00 lakh: Collection of Export/ Import bills and outward remittances up to USD 50000 per transaction at Rs 1000/- only.
For QAB 2.50 lakh: Collection of Export/ Import bills and outward remittances up to USD 50000 per transaction- FREE

Shri Ajai Kumar, Chairman & Managing Director, announced that the attractively packaged schemes embedded with a host of free services are specially offered for the benefit of the customers. General Managers and Executives of the Bank were present on the occasion.