Corporation Bank Launches

BANKING

Corporation Bank Launches New Product – Corp Saral Plus SB Accounts

       

  Corporation Bank launched a new Savings Bank variant – “Corp Saral Plus” Savings Account. The new product was launched by Shri Narendra Narayan Yadav, Cabinet Minister – Law, Planning & Development, Government of Bihar, at a function organized in Patna on 25^th May, 2013.  Shri Ajai Kumar, Chairman & Managing Director of the Bank presided over the function. 

Shri Mritunjay Tiwari, President, Bihar Players’ Association, Shri K Rama Murthy, General Manager, Corporation Bank and Shri Shiv Raj Mishra, Zonal Head - Patna, Corporation Bank were present on the occasion.  A Customer Meet was also organized by the Patna Zone of the Bank, which was addressed by Shri Ajai Kumar, Managing Director of the Bank.   Corporation Bank had in the recent past introduced two other Savings Bank variants, viz., ‘Corp Signature’ & ‘Corp Super’, aimed at high-end customers and then ‘Corp Saral’ as a general Savings Account, with attractive add-ons and competitive charges. 

The products have been well received in the market.   However, pursuant to the success of the above variants and a feedback from the field that yet another variant with attractive features is needed for the lower end also, the Bank ntroduced “Corp Saral Plus”, on the concept of ‘simplicity with protection for family’.  It is a variant of SB account where the customers can avail of a bouquet of features and add-ons along with personal accident insurance of Rs. 5 lakh for a meager fee of Rs. 50/- per annum, without having to maintain a prescribed minimum or average balance in the account. 

Following are the features of ‘Corp Saral Plus’ Savings Account, in brief:

Ø  No minimum balance requirement

Ø  Personal Accident Insurance cover of Rs. 5 lakh for just Rs. 50/- per annum

Ø  Free monthly email statements on request

Ø  Free Demand Draft and Pay Order through Net Banking

Ø  Free NEFT

Ø  Free Cheque leaves [20 leaves per year]

Shri Ajai Kumar, Chairman & Managing Director of the Bank, addressing the gathering the occasion said that the new product is designed as a combination of simplicity and security. The Account holder is provided with the flexibility of maintenance of balance with a host of attractive add-ons and is also brought under the umbrella of personal accident cover.