Hi buddy I want collect information about on recurring deposit calculator system of Corporation bank? Would you tell me from which sources can I get detail about recurring deposit calculator system of this bank?

Corporation Bank offers Recurring Deposit schemes with various lucrative features and benefits. Recurring Deposit is a wise saving option for small time investors and those with a steady monthly income

Types of Recurring Deposits offered by Corporation Bank

Corporation Bank offers two types of Recurring Deposit schemes. They are –

Regular Recurring Deposit
Flexi Recurring Deposit

Interest rates:

Corporation Bank Short Term Recurring Deposit Interest Rates

A recurring deposit can be opened for a minimum of 1 year.

The interest rate applicable for short-term deposits is 7.40% per annum

Corporation Bank Medium and Long Term Recurring Deposit Interest Rates

For deposits made for a period of above 1 year to less than 3 years, the interest rate is 7.40% per annum.

This interest rate is subject to change based on the tenure.

Corporation Bank can offer different interest rates for deposit made for 1 year only, or for 1-2 years, or 2 years and above. Deposits made for Rs. 1 crore and above will be accepted at the sole discretion of the bank.

Corporation Bank Senior Citizen Recurring Deposit Interest Rates

Senior Citizens are given an additional interest of 0.50% per annum over and above the regular interest rate.

Contact:

Corporation Bank
Corporate Office
Mangaladevi Temple Road
Pandeshwar
MANGALORE - 575 001
Karnataka, India

Tele: 91-824-2861888
Fax: 91-824-2440964