Corporation Bank launches two new term deposits – Corp Super Gain’ and ‘Corp Super Gain Plus’.
Public Sector Lender Corporation Bank has launched two new term deposit products — ‘Corp Super Gain’ and ‘Corp Super Gain Plus’— with effect from December 4, 2012.
Corp Super Gain is offered for 222 days with an interest rate of 9 per cent and Corp Super Gain Plus is offered for 444 days with an interest rate of 9.25 per cent.
For both the new schemes the minimum amount of deposit is Rs 10,000 and the maximum is Rs 5 crore. There is no penalty for premature closure. The bank said in a press release.