A REPORT ON THE INPLANT TRAINING

DONE AT

The Corporation Bank - COIMBATORE

Submitted by

DINESH A.S. (09BBM013)

Under the Co-ordination of

J. JOSEPHINE LALITHA, MBA, MPhil

Submitted towards partial fulfillment of the requirement

For the Degree of

Bachelor of Business Management

DEPARTMENT OF MANAGEMENT SCIENCE

Since 1947

PSG COLLEGE OF ARTS & SCIENCE

College with Potential for Excellence

(Status Awarded by the UGC)

Autonomous College Affiliated

To Bharathiar University

Reaccredited with A + Grade by NAAC

ISO 9001: 2008 Certified Institution

Coimbatore – 641 014.

 PSG COLLEGE OF ARTS & SCIENCE
College with Potential for Excellence
(Status Awarded by the UGC)
Autonomous - Affiliated To Bharathiar University
Reaccredited with A + Grade by NAAC
ISO 9001: 2008 Certified Institution
Coimbatore – 641 014.

Department of management science

This is to certify that Dinesh A.S. (09BBM13) has undergone an In-

Plant training in the company THE CORPORATION BANK , COIMBATORE for the
period of 10 DAYS and has submitted the report on same for the partial fulfillment
for the award of the degree of Bachelor of Business Management.

_________________ ____________________
Faculty coordinator Head of the department

Viva voce held on: _____________

1. Examiner 1: ___________ 2.Examiner 2:___________

DECLARATION
 I DINESH A.S. (09BBM013), do hereby declare that this In-Plant
training done at “THE CORPORATION BANK” submitted to PSG COLLEGE OF ARTS
& SCIENCE (Autonomous) Coimbatore, affiliated to Bharathiar University,
Coimbatore for the degree of the Bachelor of Business Management is a record
of original work done by me under the guidance of Mrs.M.Umarani MBA, MPhil,
Lecturer, Department of Management Sciences, PSG COLLEGE OF ARTS &
SCIENCE, Coimbatore.

Place: COIMBATORE Name: Dinesh A.S.

Date: Roll No: 09BBM013

 Acknowledgement

It is indeed a great pleasure for me that I acknowledge the contribution and

work done in completing my inplant training successfully.

I acknowledge my heartful thanks to our beloved principal Dr (Mrs.) Sheela

Ramachandran, M.Sc, PGDFScP, & PhD for her encouragement and valuable
support.

I am deeply indebted to Mrs. M. Umarani, MBA, M.Phil Head of the

Department of Management Science, PSG College of Arts & Science for giving
her valuable guidance at all stages.

I whole heartedly thank Mr.Ravindran , Manager Marketing Department

for giving his valuable support and cooperation during the course of project. He
has been a great source of inspiration for me throughout the training. He guided
me with a mastermind and helped me with objective criticisms and perspective
suggestions.

I wish to express my deepest sense of gratitude to my guide Mrs. J. JOSEPHINE

LALITHA, MBA, MPhil, Lecturer, Department of Management Science, PSG
College of Arts & Science for her advice, support and inspiring help through the
inplant training.

Finally I would like to thank all those who helped in doing this training.
 THE CORPORATION BANK

THE JOURNEY

Every institution has its start in modest initiatives but what makes it great is the passion of
the people behind it. Carrying the legacy forward with an undaunted commitment to its
vision, the journey of Corporation Bank truly epitomizes this.

Started about 104 years ago in 1906, with an initial capital of just Rs.5000, Corporation
Bank has recorded Rs. 1,67,000 Crore mark in business and even far more, with over 3500
service outlets across the nation, served by committed and dedicated 13,000 plus Corp
bankers. Proof of which is seen in its enviable track record in financial performance. We
have many reasons to cheer, predominant of them is, being able to participate in nation
building by empowering the rural and urban population alike. Today, we are proud that we
are significant contributors to the growth of the country's economy.

Early Movers

Nationalized in 1980, Corporation Bank was the forerunner when it came to evolving and
adapting to the financial sector reforms. In 1997, it became the Second Public Sector Bank
in the country to enter capital market, the IPO of which was over- subscribed by 13 times.
the Bank has many " firsts " to its credit - Cash Management Services, Gold Banking, m-
Commerce, " Online " approvals for Educational loans, 100% CBS Compliance and more
recently, its pioneering efforts to take the technology to the rural masses in remotest
villages through low-cost branchless banking - Business Correspondent model. All of which
symbolize Bank's unswerved commitment to its customers to provide convenience
banking.

At Corporation Bank, what motivates us is the passion to excel in banking by maintaining

highest standards of service to our customers, backed by innovative products and services
which makes us one of the leading Public Sector Banks in the country, catering to a wide
range of customers - from individuals to corporate clients.

The Logo
 Sarve Janah Sukhino Bhavanthu

Prosperity for All

The Bank's motto " Sarve Janah Sukhino Bhavanthu " in Sanskrit, which means "
Prosperity for All " is well-professed by the Bank in its day-to-day operations.

The Bank's logo has various components, namely Kamadhenu (denoting wish-
fulfillment), Kalpatharu (eternity), Balance (justice for all), Wheel (industrial progress)
and Wheat Grains (agricultural prosperity) which stand for universal prosperity and as
a wish-fulfilling credo. The logo in its present form was incorporated in 1972 when the
name of the Bank was changed from Canara Banking Corporation (Udipi) Ltd. to
Corporation Bank Ltd.

Corporate Vision
 Corporate Vision

" The Most Preferred Bank with Global Standards "

Corporate Mission

v To become a provider of World - Class Financial Services

v To meet Customer expectations through Innovation and Technological Initiatives

v To maintain leadership in inclusive banking

v To enhance stakeholders' value

v To fulfill national and social obligations

v To create an environment, intellectually satisfying and professionally rewarding to the

employees

v To emerge as a role model for ethical values and Good Corporate Governance

Chairman & Managing Directors Profile

Shri Ramnath Pradeep

Chairman & Managing Director
Shri Ramnath Pradeep has been appointed as Chairman & Managing Director of
Corporation Bank. He has assumed the office of Chairman & Managing Director
of the Bank on 1st September, 2010.

Before his appointment as Chairman & Managing Director, Shri Ramnath

Pradeep was Executive Director of Central Bank of India.

Shri Ramnath Pradeep is a Law Graduate and a Post Graduate in Economics. He

is a recipient of Government of India’s merit scholarship. After completion of
LLB, Shri Pradeep practiced for a short period and joined Madhya Pradesh
Financial Corporation as a Law Officer. He Joined Dena Bank in the year 1981 for
a brief period and thereafter joined ONGC Off-Shore Project at Mumbai. In 1984,
Shri Pradeep again joined back Dena Bank as Senior Manager [Legal].

He was promoted as a Chief Manager in the year 1989 and had held various
positions. He was instrumental in launching of Credit Card for Dena Bank and
also setting up one of the first Asset Recovery Branches in Public Sector Banks.
He was promoted as Assistant General Manager in 1994 and headed as the
Regional Manager of Bhopal region. He than headed the Industrial Finance
Branch, Mumbai as the Deputy General Manager. He was promoted as General
Manager of the Bank in the year 1999 and he worked in various areas like
Treasury, Recovery Management, Asset Liability Management etc.

In the year 2001 he was posted as the Chief Vigilance Officer in the Scale of
Deputy Managing Director in State Bank of India and thereafter re-appointed to
Bank of India as Chief Vigilance Officer till 2004 and then as General Manager
(Legal & Recovery) upto 2005. During his tenure, he supported Bank’s effort to
implement Core Banking Solutions (CBS), an outsourcing model, which got
appreciation from International Community for best outsourcing model.

After completion of his deputation at Bank of India, Shri Pradeep joined his
parent bank Dena Bank in January 2006. He was the in-charge of IT department
and CBS implementation. The CBS was successfully implemented along with
most of other solutions in the Bank.

He took charge as Executive Director of Central Bank of India in December 2008.

During his tenure the Bank started moving forward in terms of retention of the
customers and restoring confidence among employees at all levels, customers
and Regulatory Govt. Authorities

Profile of Executive Directors

Shri Narendra Singh, Executive Director, Corporation Bank

Shri Narendra Singh, General Manager of Allahabad Bank has been appointed as
the Executive Director of Corporation Bank by the Government of India.

Shri Narendra Singh, a Graduate in Science and Law, started his career as directly
recruited Officer in Allahabad Bank in 1980. In the year 1985 he was appointed
as the Senior Law Officer in Middle Management Grade III of Allahabad Bank.

He worked in different capacities in various branches, Regional/Zonal Offices,

Administrative Office of Allahabad Bank during his banking career spanning
three decades.

As Zonal Head, Shri Narendra Singh served the bank at Kolkata, Behala, Siliguri
and Barasat centres in West Bengal and led the Fund Management and Accounts
Division at the Head Office of Allahabad Bank. Later on, he headed the Bank's
Zonal Offices at Mumbai and New Delhi.

He attended many training programmes covering various areas of banking

including Emerging Dimension in General Insurance in Nepal, Managerial
Effectiveness, Management Education Programme, etc.

Shri Narendra Singh headed the Planning, Development, Marketing, Publicity,

Anti-Money Laundering & KYC Divisions of Allahabad Bank till his elevation to
the post of Executive Director.

A versatile banker, Shri Narendra Singh carries with him three decade of rich
Banking experience.

Shri Narendra Singh joined Corporation Bank and took charge as the Executive
Director of the Bank on 7th December 2009.

Shri Ashwani Kumar, Executive Director, Corporation Bank

Shri Ashwani Kumar, General Manager of Allahabad Bank has been appointed as
the Executive Director of Corporation Bank, for a period of 5 years, by the
Government of India.

Shri Ashwani Kumar, M.Sc., CAIIB, started his career as a Probationary Officer in
Allahabad Bank in 1981 and rose to the executive cadre in 2000.

He worked in different capacities in various Branch/Offices and Administrative

Office of Allahabad Bank during his banking career spanning over 29 years.

As Branch Head, Shri Ashwani Kumar served Allahabad Bank in International

Branch-New Delhi, Fort Branch-Mumbai. Shri Kumar has a vast experience in
banking both at operational level and administrative level. He has exposure both
in rural development and treasury operations, having worked as Lead District
Manager, Lakhimpur Kheri and also as Head of Treasury at Integrated Treasury
at Mumbai.

He has worked as Forex Dealer for around five years and started the Bullion Desk
in the year 1998 at Bank’s International Branch, New Delhi.

As Assistant General Manager, he headed Lucknow Branch and on elevation

served as Executive Assistant at Chairman’s Secretariat, Head Office as Deputy
General Manager.

On his elevation to the cadre of General Manager in the year 2006, Shri Ashwani
Kumar, headed the bank’s Planning & Development Division, at its Head Office.
In the year 2008, he was designated as the Field General Manager and served at
New Delhi, until his promotion and appointment as Executive Director of
Corporation Bank.

Management
Board of Directors

Board of Directors
Shri Ramnath Pradeep Chairman & Managing Director
Shri Narendra Singh Executive Director
Shri Ashwani Kumar Executive Director
Shri Lalit Kumar Nominee Director reprersenting Central Govt.
Smt. Grace Koshie Nominee Director representing R.B.I.
Shri V. Raghuraman Workmen Employee Director
Shri Kaushik Kumar Ghosh Officer's Employee Director
Shri Raj Kumar Agrawal Part-time non-official Director
Shri Suvarna Sanyal Part-time Non-official Director
Shri Venkatrao Y. Ghorpade Part-time non-official Director
Shri Hiren Mehta Shareholder Director
Shri Thomas Mathew T. Shareholder Director
Shri Ajay Garg Shareholder Director

General Managers

Shri U. Balakrishna Bhat Chief General Manager

Shri B. R. Bhat General Manager
Shri K. Rama Murthy General Manager
Shri H. M. A. Khan General Manager
Shri N. R. Shet General Manager
Shri C. V. R. Rajendran General Manager
Shri B. N. Satish General Manager
Shri C. G. Pinto General Manager
Shri H. S. Saini General Manager
Shri M. P. Kunju General Manager
Shri Sajeev Krishnan CVO & General Manager
Shri Yudhvir Singh Jain General Manager
Shri B. Narayana Shenoy General Manager
Shri S. Pattabiraman General Manager
Shri K. Giridhar Shenoy General Manager
Shri B. Lakshmi Narayana General Manager
Shri P. Rajaram Karanth General Manager
Shri K.V. Raghava Kamath General Manager
Shri B.K. Divakara General Manager
Shri P. Suresh Chandra Baliga General Manager
Shri Jai Kumar General Manager
Mrs. Swathi S. M. General Manager

Deputy General Managers

Deputy General
Managers

Shri Kishore G. Shri K.G. Subramanian Shri Shrikant

Shanbhogue
Shri Sadashiv Leeladhar Shri Tejappa B. B. Shri Lakshminatha
Reddy
Shri K. S. Kalyana Shri K. Govinda Bhat Shri C.K. Gopal
Sundaram
Shri R. Sudarshana Raju Shri Rishi Pal Arora Shri Prakash Hebbar D.

Shri Ajit Prakash Malhotra Dr. Kurian P. Abraham Shri Guruharinadha Rao
Shri M. R. Kamath Shri Vijay Walia Shri Purnachandra Rao
D.
Shri B. Vaman Baliga Shri D. M. R. Muzumdar Shri Gopalakrishna Bhat
K.
Shri M. G. Bhandarkar Shri P. V. Shri Prabhakar Shenoy
Chandrasekaran
Shri M. Gokuldas Kamath Shri Rakesh Srivastava Col. K.G. Ramesh Kumar
Shri Paramasivam Shri P. V. Narasimha Shri K. Kamalaksha
Rao Nayak
Shri N. Muralidhar Shri N. B. Kulasekaran Shri H. S. Srinath
Kamath
Shri Vasanth Kini U. Shri U. N. Kumar Shri Augustine K. J.
Acharya
Shri M. Narayana Bhat Shri S. Narendra Pai Shri Prabodh Kumar
Datta
Shri Thangaraju V. Shri K. Ramadas Prabhu Shri Alok Kumar Gupta

Shri V. K. Aggarwal Shri P. Shivaram Bhat

Shri V. S. Karthikeyan Shri R. Natarajan
Ratings & Awards

CRISIL has re-affirmed the following programmes of Corporation Bank:

Rs.2 billion Bond issue AAA

Certificate of Deposits Programme P1+
Fixed Deposit Programme FAAA

Fixed Ratings reflect Corporation Bank’s sound capital position, superior asset
quality and healthy track record of profitability and superior management by the
strong liquidity position of the Bank and its status as a Government owned
institution.

AWARDS WON

v National Award for Assistance to Exporters from the President of India (1976-77)

v Gem & Jewellery Export Promotion Council Award successively for 5 years from
1981 to 1985

v Shiromani Award 1992 for Banking from Union Minister for Commerce

v Best Bank Award for Excellence in Banking Technology from Institute for
Development and Research in Banking Technology (IDRBT), Hyderabad (2001)

v Best Bank Award for Innovative Usage and Application on INFINET (Indian
Financial Network) from Institute for Development and Research in Banking
Technology (IDRBT), Hyderabad (2002)

v Best Bank Award for Delivery Channels from Institute for Development and
Research in Banking Technology (IDRBT), Hyderabad (2003)
v Runner-up Awards in the “Best Online and Multi-channel Banking Team” and
“Outstanding achiever of the year-corporate” categories in recognition of
outstanding achievement in Banking Technology for 2004, instituted under the
aegis of Indian Banks Association and Trade Fairs & Conferences International.

MAJOR RECOGNITIONS

v One of the Best 200 companies worldover outside the US having a turnover under
a billion US$ - Forbes Global, Hongkong, issue dated 27th October, 2003

v India’s Best Public Sector Bank - Business Today - KPMG Survey dated 7th
December, 2003

v India’s Strongest and Asia’s Second Strongest - The Asian Banker, Singapore dated
15th December, 2003

v India’s Best Public Sector Bank - Outlook Money , 15th March, 2004

v One among the Best 200/100 companies in Asia/Pacific and Europe having
turnover under a billion US $ -Forbes Global, Hongkong dated 1st November, 2004

v One among India’s Best Public Sector Banks - Business Today, 26th February, 2006

v India's Best Bank Award - FE, 2007

v Best P.S. Bank - Business Today, 2007

v SKOCH Challenger Award, 2008 - For Customer Relationship Management

v IDRBT Best Bank Award of Banking Technology Award, 2008 - For Use of
Technology for Financial Inclusion

v SCOPE Meritorious Award, 2008 - For Best Managed Bank

v Banking Technology Awards, 2008 - Runner Up Award - For Best On Line and Multi
Channel Banking Team

v Best Bank Mid-size 2009 Award - Businessworld

v Banking Technology Awards 2009 for its efforts in implementing innovative

technologies in its business initiatives under the auspices of the Indian Banks
 Association [IBA], Finacle and the Trade Fairs & Conference International [TFCI].

v SKOCH Challenger Award, 2009 - Financial Inclusion Champion of the Year

v Dalal Street Investment Journal [DSIJ] Public Sector Undertakings Awards 2010 -
on the basis of study conducted by KPMG

v
SKOCH Financial Inclusion Award 2011 - "Inclusion Champion of the Year"

Interest Rates

Domestic Term Deposits

[ % per annum with effect from 3rd January, 2011]

Duration Less than Rs.15 Lakh to less than Rs.1 Crore to less than
Rs.15 Lakh Rs.1 Crore Rs. 5 Crore

7 days to 14 days _ _ 4.00

15 days to 29 days 2.75 2.75 4.00

30 days to 45 days 4.50 4.50 5.00

46 days to 60 days 5.50 5.50 5.60

61 days to 90 days 5.50 5.50 5.60

91 Days to less than 6 6.75 6.75 6.75

months

6 months to less than 7.40 7.40 7.40

9 months

9 Months to less than 8.00 8.00 8.25

12 Months

12 Months only 8.50 8.50 8.50

12 months to Less 8.25 8.25 8.50

than 2 Years

2 Years to less than 3 8.25 8.25 8.25

Years

3 Years to less than 5 8.35 8.35 8.25

Years

5 Years & above 8.50 8.50 8.25

These rates are Per Annum and are applicable to fresh and renewal of maturing
deposits on or after the effective date.

Penalty for pre-mature withdrawal at the rate of 1% p.a. will be charged on all fresh &
renewed deposits on all maturities with effect from 8th November 2010. However,
penalty for premature withdrawals is waived for deposits of Rs. 50 Crore and above
accepted/renewed for a period upto 91 days w.e.f. 25.11.2010.

The revised rates will apply to fresh deposits accepted and on renewal of deposits
maturing on or after the effective date [i.e. 3.01.2011 ]. However, in case of premature
renewal of deposits, including staff deposits, penalty of 1% will be applied, for the
deposits accepted on or after 25.11.2010.

The additional rate of interest of 0.50% to the Term Deposits of Senior Citizens has been
restored w.e.f. 23-12-2010. (as against 0.25%) over and above the Card rates, for Term
deposits below Rs.1 Crore for the maturity period of 91 days and above only.

Additional rate of interest for Senior Citizens is not available for deposits of Rs.1 Crore &
above.

NRE TERM DEPOSITS

[ % per annum with effect from 1st January, 2011 ]

Period Rate

1 year to less than 2 years 2.53%

2 years to less than 3 years 2.60%

3 years to 10 years 3.09%

The above revised interest rates will apply only to fresh deposits accepted w.e.f. 1st
January, 2011. However, for the renewal of deposits within 14 days from due date
(both days inclusive), the rate of interest payable on the amount of the deposit so
renewed shall be the appropriate rate of interest for the period of renewal, as
prevailing on the date of maturity or on the date when the depositor seeks renewal,
whichever is lower

Please Note:
NRNR and NRSR Schemes have been discontinued with effect from 1st April 2002.

No NRE Term Deposit will get any interest, if closed prematurely before completion of
1 year from the date of deposit

Interest Rate applicable for NRE Savings Bank Deposits is 3.50% P.A.

Interest Rates on FCNR(B) Deposits

[With effect from 01.01.2011]

Period USD GBP EUR AUD CAD

1 year to <2 years 1.78 2.51 2.47 6.68 2.90

2 years to <3 years 1.85 2.51 2.57 6.40 2.85

3 years to <4 years 2.34 2.94 2.92 6.52 3.13

4 years to <5 years 2.79 3.34 3.22 6.76 3.40

5 years 3.22 3.65 3.52 6.87 3.63

v The above revised interest rates will apply only to fresh deposits and on renewal of deposits
 maturing on or after 1st January, 2011

v With regard to interest rates on RFC accounts denominated in USD, GBP and EUR, we advise
that:

v Interest rate on RFC-SB accounts in USD, GBP & EUR is 0.50% p.a.

v On RFC-Term deposits The rates are applicable to RFC deposits for respective tenures upto 3
years. In case of RFC deposits with maturities less than one year (1 month, 2 months, 3 months
and 6 months) the interest rate shall be prevailing LIBID less 24 basis points for the respective
maturities and the same shall be advised to DBs and Zonal Offices by IIBD, Mumbai.

v In case of RFC deposits for periods beyond one year and up to a maximum of 3 years the rates
as applicable to FCNR (B) deposits of respective tenures shall apply.

Good News for Savings Bank Account Holders:

"Interest on Savings Bank Accounts will be calculated based on daily products [ on the
day end balances] effective from 01.04.2010 and will be credited to the accounts on
half-yearly basis as per the existing practice".

Rates at a Quick Change:

Interest rates are liable to change without prior notice

INTRODUCTION

R.T.I ACT

The Government of India resolved that in order to ensure greater and more effective
access to information, it is required that the Freedom of Information Act, 2002 must be
made more progressive, participatory and meaningful. On this issue, National Advisory
Council suggested certain important changes. In view of the significant changes
proposed by the National Advisory Council and others, it was decided to repeal the
Freedom of Information Act 2002 and enact law for providing an effective framework
for effectuating the right of information recognized under Article 19 of the Constitution
of India. To achieve this objective The Right to Information Act 2005 was enacted by the
Parliament R.T.I. Act which received the President’s assent on 15th June 2005.

All Public Sector Banks are “Public Authorities” for the purpose of the Act and are
governed by the provisions of the Act. Keeping in view the provisions of the Right to
Information Act, and also our image as an organization which is working in a transparent
manner, observing good corporate governance principles, we disclose in the following
pages the information regarding working of our organization, for the benefit of our
customers and general public.

CORPORATION BANK

1.0 The particulars of our Organisation, functions and duties: Sec.4(1)(i)

The Bank, earlier known as The Canara Banking Corporation(Udupi)Ltd. started its
operation on 12th March 1906 at Udupi, a temple town in Karnataka. It was founded by
Mr. Khan Bahadur Haji Abdullah Haji Kasim Saheb Bahadur, a philonthropist with a view
to encourage thrift among all. The name of the Bank was changed to ‘Corporation Bank
Ltd.’ on 26-4-1972. The Bank was nationalized on 15th April 1980 as per the provisions
of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.

The Bank, carries on the business of banking as envisaged under the provisions of
Banking Regulation Act 1949. Being a nationalized bank, it functions under the overall
guidance of Ministry of Finance, Reserve Bank of India and the Board of Directors of the
Bank. As on 31-3-2007, the bank had 901 branches spread across 23 States and 2 Union
Territories , 47 Extension Counters and 929 ATMs across the country. The Bank has a
three tier organizational structure consisting of Corporate Office, 19 Zonal Offices and
the branches. The Bank is listed in Stock Exchange, Mumbai with stock code 532179 and
National Stock Exchange with the code ‘CORPBANK’. The financial results of the Bank
are not only submitted to Stock Exchange on quarterly basis but also published in one
national newspaper and one regional language newspaper. The financial performance
of the bank for the last 10 years is furnished in Annexure-I-A.
The main functions of the Bank are as under:

1. Acceptance of deposits from the public

2. Deployment of funds by lending
3. Anciliary business such as remittances, collection, locker business, foreign exchange
services etc.
4. Agency Business such as distribution of LIC Policies, Mutual Fund products, collection
of taxes/excise etc.

The financial results, general shareholder information, shareholding pattern etc, are put
in the website of the Bank www.corpbank.com.

2.0 The Powers and Duties of Officers and Employees: Sec.4(1)(ii)

The powers and duties of the Officers and Employees are incorporated in the policies
laid down by the bank with the approval of the Board. The top management, executives
and other officials discharge their duties in furtherance of the business plan objectives
framed by the bank from time to time. The delegated powers are periodically reviewed
by the Board and necessary revision is made for effective functioning of the Bank.

3.0 The procedure followed in the decision making process including channels of
supervision and accountability: Sec.4(1)(iii)

The Bank has a three tier organizational set up consisting of branches, Zonal Offices and
Corporate Office. The decision making process is based on the delegated power to each
units. The Board of Directors of the Bank or its Committees are empowered to
formulate policies regarding the delegation of powers to various functional heads. The
Board of Directors, in turn, are guided by the policies of Government of India and
Reserve Bank of India in formulating policies for implementation by the Bank.

4.0 The norms set by the Bank for the discharge of its functions: Sec.4(1)(iv)

The Bank believes that sound principles of corporate governance are important keys to
success, as these enhance the ability to secure the confidence of its stake holders. Good
corporate governance starts at the top, both with the Board of Directors and the
Management who take appropriate steps in meeting highest standards of excellence.
The ethos of the Bank aims at:

a) Maximising long term shareholder value in a legal and ethical manner.

b) Ensuring fairness, courtesy and dignity in all transactions within and outside the bank
with customers, employees, investors, partners, competitors, the Government and the
Society.
c) Open, transparent and merit based Management

5.0 The rules, regulations, instructions, manuals and records held by it or under its
control or used by its employees for discharging its functions: Sec.4(1)(v)

The bank is guided by the circulars/instructions issued by Ministry of Finance, Reserve

Bank of India and Indian Banks’ Association from time to time. However, these
circulars/instructions are voluminous and it is difficult to incorporate the same here and
they may be obtained from the Public Information Officers on request. The Bank has
also brought out manual of instructions on various functional areas for the benefit of
employees. The list of such manuals is furnished in Annexure-I-B The Bank has also
published desk cards for the benefit of employees working in different counters. The list
of such desk cards are furnished in Annexure-I-C. These manuals/desk cards are being
updated from time to time. The Bank is also issuing circular instructions on various
issues which are required to be implemented by our branches/offices. As these circulars
are voluminous, it may not be possible to publish the same here. However, specific
request, if any in this regard will be considered by Public Information Officers.

6.0 A statement of the categories of documents that are held by it or under its control:
Sec.4(1)(vi)

In view of multitude of functions and geographical spread of branches/offices, it is

impractical to publish the statement of the categories of documents held by us.
However, specific request, if any, in this regard will be considered by the Public
Information Officers.

7.0 The particulars of any arrangement that exists for consultation with or
representation by the members of the public in relation to the formulation of its
policy or implementation thereof :Sec.4(1)(vii)

There is no arrangement for consultation with the members of the public in formulation
of policies by the Bank. However, the general public aggrieved by the policies of the
Bank may air their grievances through the various channels available to them as
indicated in the subsequent paragraphs.

8.0 A statement of the Board, Councils, Committees and other bodies consisting of two
or more persons constituted as its part or for the purpose of its advice and as to
whether meetings of these boards, councils, committees and other bodies are open to
the public, or the minutes of such meetings are accessible for public: Sec.4(1)(viii)
8.1 The Board of Directors:

The Board is constituted in accordance with the Banking Companies (Acquisition and
Transfer of Undertakings)Act 1980 and Nationalised Banks (Management &
Miscellaneous provisions)Scheme 1980 and is represented by persons with diversified
professional experience. The Directors bring in wide range of expertise and experience
to the Board, facilitating proficient and unbiased direction and control to the Bank.

8.2 The Board has constituted various committees as under, which provide specific and
focused governance in the important functional areas and control affairs of the Bank.

8.2.1 Management Committee:

The Management Committee is constituted as per the provisions of Nationalised Banks

(Management and Miscellaneous provisions) Scheme 1980 and consists of 6 Directors.

8.2.2 Audit Committee:

The formation and functioning of Audit Committee is governed by the directions of RBI.
The Audit Committee provides direction as also oversees the operation of the total
audit functions in the Bank and follow up the statutory/external audit of the Bank and
inspection of RBI.

8.2.3 Departmental Promotion Committee:

The Committee assesses the disciplinary cases and promotions to top executive cadre in
the Bank.

8.2.4 Investor Grievance Committee:

The Committee looks into the redressal of investor grievances.

8.2.5 Information Technology Committee:

In the changing environment, to suit the growing needs of customers, the Bank has
been taking various initiatives. To guide the bank for accelerated implementation of
these projects and also to explore the possibility of providing innovative technology
based products, this Committee has been constituted.

8.2.6 Risk Management Committee:

The Committee was formed to guide the bank in respect of integrated risk
management.

8.2.7 Committee to monitor large value frauds:

With a view to provide focused attention on monitoring frauds of Rs.1 Crore and above,
this Committee has been formed.

8.2.8 Share Transfer Committee:

In order to meet the request of the shareholders such as transfer, rematerialisation and
duplicate shares, the Committee was constituted.

8.2.9 Customer Service Committee:

With a view to safeguard the individual customers right and to deliver better customer
service, the Committee was constituted.

8.3 The Board and its Committees meet at frequent intervals and guide the bank to
achieve its objectives in a prudent and efficient manner and to ensure high standards of
customer service, ethical practice and professional management of the Bank. The
responsibilities such as policy formulation, performance review analysis and controls are
discharged by the Board and its Committees.
8.4 It may be noted that the meetings of the Boards or Committees are not open to the
public and the minutes of such meetings are also not accessible to public.

9.0 A directory of Officers and Employees of the Bank: Sec.4(1)(ix)

As the number of employees is quite large and they are liable to transfers, it is not
possible to publish the list of Officers and keep the same updated from time to time.
Any person interested in seeking information about any Officer or Employee of the Bank
can approach the Public Information Officer in that behalf.

10.0 The monthly remuneration received by eachof the officers and employees
including the system of compensation as provided in the regulations of the Bank:
Sec.4(1)(x)

The information about the salary and remuneration paid to officers and employees can
be obtained from the Public Information Officer.

11.0 The budget allocated to each of its agencies, indicating the particulars of all plans,
proposed expenditure and reports on disbursements made: Sec.4(1)(xi)

There are no plans and budgets for expenditure and disbursements, although there are
targets furnished to the various functionaries at branches/Zonal Offices for mobilizing
deposits, advances, non-interest income etc.

12.0 The manner of execution of subsidiary programmes, including the amounts

allocated and the details of beneficiaries of such programmes: Sec.4(1)(xii)

There are no subsidiary programmes or plans for lending activity of the bank. However,
the bank has various lending schemes to cater to the different sections of the society
and details are available in our website www.corpbank.com.
13.0 The particulars of recipients of concession, permits or authorization granted by
the Bank: Sec.4(1)(xiii)

The bank has not granted any concession, permits or authorization and the business
activity of the bank has no relationship with any public activity or public interest.

14.0 Details in respect of the information, available to or held by it, reduced in an

electronic form: Sec.4(1)(xiv)

Any person requiring information in this regard may approach the Public Information
Officer.

15.0 The particulars of facilities available to citizens for obtaining information,

including the working hours of a library or reading room, if maintained for public use:
Sec.4(1)(xv)

All our branches/offices observe 15th of every month as ‘Customer Day’ and on that day
customers/public may approach the unit heads without any prior appointment. In large
branches, ‘May I Help You’ counters are provided wherein the public can obtain the
information. The following documents are also available in all our branches/offices
which provide the details of the facilities available to customers and the grievance
redressal mechanisms.
v Deposit Policy
v Citizen Charter
v Fair Practice Code
v Fair Practice Code for Lenders
v Fair Practice Code for Credit Card operators

16.0 The names, designation and other particulars of the Public Information Officer:
Sec.4(1)(xvi)
Please refer item No.18
17.0 Such other information as may be prescribed and thereafter update these
publications every year: Sec.4(1)(xvii)

Any person interested to know more about our bank, may visit our Website
www.corpbank.com. or may send their queries to query @ corpbank.co.in Further, any
suggestions, complaints etc. may be sent to Public Information Officer for necessary
action.

18.0 Public Information Officers & Appellate Authorities at Head Office & Zonal Offices
of the Bank:

As per Section 5(1) of the Act, we hereby designate the following as Public Information
Officers for providing information to persons requesting for the information & Appellate
Authorities under the Act.
Any person interested to know more about our bank, may visit our Website
www.corpbank.com. or may send their queries to query @ corpbank.co.in Further, any
suggestions, complaints etc. may be sent to Public Information Officer for necessary
action.

List of Public Information Officers & Appellate Authorities:

19.0 Procedure for Obtaining Information:

19.1 Any person who desires to obtain any information under this Act, shall make a
request in writing or through electronic means in English or Hindi o in the official
language of the area in which the application is being made, accompanying such fee as
may be prescribed to public information officer, specifying the particulars of
information sought by him or her.

19.2 An applicant making request for information shall not be required to give any
reason for requesting the same or any other personal details except those that may be
necessary for contacting him.
19.3 The Public Information Officer, on receipt of a request, shall as expeditiously as
possible and in any case within 30 days of the receipt of the request either provide the
information on payment of prescribed fee or reject the request for specified reasons.

19.4 When the information sought for concerns the life or liberty of a person, the same
shall be provided within 48 hours of the receipt of the request.

19.5 If the Public Information Officer fails to give decision on the request for
information within the period specified, it shall be deemed to have refused the request.

19.6 No fee shall be charged from the persons who are below the poverty line as per
State Government.

19.7 The person making request; for the information shall be provided the information
free of cost if the bank fails to comply with the time limit specified above.

19.8 When a request has been rejected, the Public Information Officer shall
communicate to the person making the request:

a) reasons for such rejection

b) the period within which an appeal against such rejection may be preferred and
c) the particulars of the appellate authority

19.9 Any person who does not receive a decision within the time stipulated above, or is
aggrieved by the decision, may within 30 days from the expiry of such period, can prefer
an appeal to such Officer who is senior in rank.

19.10 Exemption from disclosure:

Not withstanding the above, the bank may not disclose information about the affairs of
the customer as it cause unwarranted invasion of privacy of the customer or such
information has no relationship with any public activity or interest as envisaged by
Section 8(i) (j) of the Act.

20.0 Schedule of Fees/Charges:

As per the Right to Information (Regulation of Fee & Cost) Rules 2005, the following
schedule of fees/charges has been prescribed:

a) Application fee - Rs.10/-

b) Charges for each page (A4, A3 size paper) - created or copied -Rs 2 per page.
c) In case of larger size paper - Actual charges incurred
d) For information provided in diskettes or floppies - Rs.50/- per diskette or floppy.
e) For information provided in printed form - at the price fixed for such publication or
Rs.2/- per page of photo copy for extracts from the publication.
f) For inspection of records - No fee for the first 15 minutes and a fee of Rs.5/- for each
15 minutes or fraction thereof.
g) The application fee/other charges should be paid by cheques / DDs drawn on
"Corporation Bank A/c - Public Information Officer" and they should be made payable at
the centers where the office of the Public Information Officer is located.
RD Plus: Special RD deposit scheme

RD PLUS Deposit :

Recurring deposit is a scheme in which the depositor remits small amounts of money in
monthly instalments for a fixed period, to meet certain future
commitments/contingencies, at the end of which the accumulated deposit together with
interest is repaid to him/her. RD is safe, free from market risk/volatility and comes with
assured returns.

RD PLUS, The new offering from Corp Bank offers much more…

FREE PERSONAL ACCIDENT COVER of Rs.1.00 lakh

All accounts opened up to March 2011 are eligible for Personal Accident cover of Rs.1.00
lakh only, through out the RD term.

SPECIAL DISCOUNT TO BUY GOLD COINS [on maturity]

On maturity, the customers may take the proceeds in cash or use the proceeds to buy
GOLD COINS at a special discount as under:
Coin Denomination Concession Rs.
4 gms 100/-
5 gms 125/-
8 gms 200/-
20 gms 300/-
50 gms 400/-

To be eligible for this concession, the account must have completed its full term as per the
Scheme Guidelines.

New Corp Premium Deposit

New Corp Premium deposit scheme, for 33 months with 7.50% p.a.

1. Period of Deposit:
The deposit will be accepted for a fixed period of 33 Months

2. The Target Group:

The scheme is targeted towards individuals/ trusts/ institutions who keep the deposits for
a medium term.

3. Eligibility:
Any person entitled to open a domestic term deposit can open the NEW CORP PREMIUM
deposit account.

4. Amount:
Maximum amount will be less than Rs.1.00 crore.

5. Rate of interest:
7. 50 % p.a.

6. Deposits in the name of Senior Citizens/ Staff:

Additional interest payable to Senior Citizens/Staff as per the rules of the Bank as
applicable to domestic tem deposits is paid on this deposit also.

7. Premature closure:
The premature closure is permitted like any other domestic term deposits. The rate of
interest will be the rate applicable for the run period less premature penalty as applicable
from time to time. [1% for all deposits irrespective of amount of deposit, w.e.f. 08-07-
2008]

8. Renewal before maturity:

Renewal before maturity is be permitted as per RBI guidelines.

9. Loans against deposit:

Loan against deposit is permitted as per existing norms with regard to rate of interest and
margin applicable for loans against domestic term deposits.

10. Operational period:

The scheme is presently kept open for a limited period from 26-07-2010 to 15-09-2010.

11. Systems and Procedures:

As applicable to existing domestic KCC/FD (as opted by the party/depositor) The existing
Account Opening Form for Term Deposits can be used for NEW CORP PREMIUM deposits
also. Branches are advised to adhere to the systems & procedure applicable to Term
deposits in case of deposits accepted under NEW CORP PREMIUM.

12. Other Aspects:

All other aspects like transfer of accounts, settlement of claim in case of death of the
depositor, extension of Nomination facilities, calculation/payment of interest, effecting
TDS, renewal of overdue NEW CORP Premium Deposits, etc will be as applicable to normal
domestic term deposits.

Savings Bank Account

Open a Savings Bank account with CorpBank to enjoy a host of hi-tech services and
facilities.

International Debit Card - To shop at merchant establishments and to withdraw cash at all
Visa ATMs worldwide. You can access CorpBank's network of online interconnected ATMs
and also avail the National Electronic Funds Transfer [NEFT] facility through CorpBank
ATMs across the country.

Internet Banking facility - Access your account from anywhere in the world

Any Branch Banking - With all our branches of the Bank networked across India, you can
now bank with the Bank and not just a Branch. Access and transact in your account from
any of the networked branches. Deposit / Withdraw Cash to / from your account, Instant
Fund Transfers to any account at these branches, Deposit local cheques at remote centres
for credit of your account elsewhere.

SMS Banking facility - Access your Bank Account and carry out variety of banking
transactions through your mobile phone.

Corp Power Cheq - Multi City Cheque Facility: A powerful facility wherein your cheques are
now payable at par at all CorpBank Branches. Available to select SB account holders.

Other facilities - Passbooks / Account statements, Cheque books, Tax Payments, Insurance
& Mutual Funds, Standing Instructions and all other facilities that you have been enjoying
with us for more than 103 years now.

Quarterly Average Balance - Rs 250/- at Rural Branches and Rs 500/- at other Branches.
Non-maintenance of QAB attracts a service charge of Rs 75/- per quarter.

Who can Open

a) An individual in his/her own name

b) Individuals in their joint names with suitable repayment instructions

c) Minor represented by parent/guardian

d) Minor students above 10 years

e) Clubs, Societies, Associations, Trusts, Executors, Educational Institutions, Administrators,

HUF, etc.

Documentation Required

a) One passport size photograph

b) Identity Proof

c) Address Proof

Corp Classic Savings Bank Account

 Corp Classic High tech Hassle Free Savings Account

Corp Classic - High Tech Hassle Free Savings Account

A combination of Savings Bank and Term Deposit features. Amount over and above the minimum
balance of Rs. 15000/- in CLSB portion of the account will be automatically converted into term
deposits in units of Rs.1000/- each (subject to a minimum of 5 units to start with and in multiples of
5 units of Rs. 1000/-each thereafter). Whenever a cheque is issued, and there is shortage of surplus
funds over and above the minimum balance, units of terms deposit are broken in such a manner so
as to cause least loss to the depositor, the same is credited to the CLSB Account and cheque is
passed.

Special features : Facilities like, Auto Renewal Option of Deposits, Minimum Period Maximum
Interest - option, Reinvestment Option, Periodical payment of interest [monthly/quarterly/half-
yearly/ yearly] in case of FD, Fixed Maturity Date, are also available in this Scheme. International
Debit Cards and SMS Banking facility are provided FREE of cost.

Period of Deposit : Deposit can be opened for a period of 15 days to 3 years as per the customers’
choice.

Auto opening and closing of term deposits digitally by the system is another prominent feature of
this scheme. No need to remember, no need to visit the Branch to convert excess balance in
Savings Bank account manually to term deposits/ remember the maturity dates of term deposits.
No handling of multiple Deposit Receipts. A comprehensive Pass Book will be given.

Rate of Interest : 3.5% on daily balances maintained in SB portion and applicable interest rates for
balance maintained in term deposit portion. For current interest rates for term deposits,
click here

Interest Payment : On or before 10th of February / August every year for amounts maintained in
SB portion and monthly / quarterly for amounts in term deposits.

Other facilities : All other facilities as available for Regular Savings Bank account are also available

Minimum Balance : Rs 15,000 at all Branches

Corp PayRoll - Salary SB Account

The Salary Savings Bank Account, Corp PayRoll from CorpBank is aimed at providing a
“Hassle Free" PayRoll Administration Solution for all types of organizations.

Eligibility Conditions

v Organisation should have a minimum of 25 employees

v Average Salary payout to be more than Rs 10,000 or Total Monthly Salary Payout to be
more than Rs 2.5 lakhs

Advantages to the Employer

v Reduces hassle of payroll administration

v Needs to provide salary details in prescribed file format along with one consolidated
cheque
v Can even make salary payment online through the Bulk Pay facility of Internet Banking

Advantages to the Employee

v Accounts can be opened with Zero Balance

v Salary directly credited to the account of the employee
v SMS Alert when Salary is credited
v TOD facility available in case of emergency

Special Features

v TOD facility upto 50% of net salary – for those employees whose salary is more than Rs
10000 p.m
v Free remittance be means of DD/PO upto Net Salary
Other features

v International VISA Debit Card

v Access to 1060+ CorpBank ATMs and 15000 VISA ATMs
v Any Branch Banking & Multi City Cheques
v Internet Banking
v SMS /Mobile Banking
v LIC Premium Payment through SMS / CorpBank ATMs
v Inter Bank Funds Transfer (NEFT) through Internet Banking/ATMs/SMS/Branches
v VISA Money Transfer
v Gold Coins
v Mutual Funds
v Direct Tax Collections
v And all other facilities as applicable to Savings Bank Accounts

Open PayRoll account with us to ease your salary administration process and let your
employees enjoy world class facilities.

Corp New Gen - Students' SB account

Corporation Bank is pleased to inform the introduction of a new Savings Bank account
targeted at the student community. The Corp NewGen - Students SB a/c has several value
added services. The accounts have a reduced quarterly average balance, concession in
service charges for issuance of DD/PO, collection of cheques, ABB transactions, Free Debit
Card etc. The important benefits / features of the Corp Student SB a/c are as under:

Who can open the Account?

Only students who have completed 10 years of age and are pursuing regular courses can
open these accounts. Existing regular SB accounts of students already opened with the
Bank can also be converted to this new account. At the time of opening the account, the
student has to furnish a copy of student ID card issued by the school/college.

Initial Deposit & Quarterly Average Balance (QAB)

These accounts can be opened without any initial deposit. However, the a/c holder should
maintain a quarterly average balance of Rs 100/- thereafter.

Special facilities

In order to encourage students to open Savings Bank accounts with the Bank, it has been
decided to offer the following facilities / services: -
v No annual maintenance charges for Debit Cards
v No service charges for purchase of DDs / POs through the account upto a maximum of 5
instruments per month
v No service charges for collection of cheques upto a maximum of 2 instruments per
month
v No service charges for Any Branch Banking transactions

Other facilities available

v SMS Banking
v Internet Banking
v Personalised Cheque Book facility (For students above 18 years of age)
v Railway ticket booking / Mobile Recharge

All other facilities available to normal Savings Bank account shall also be available to this
account as per the same terms & conditions.
Account shall be converted to regular Savings Bank account on end date of course (as per
ID card).

Corp Pragathi Account

Corporation Bank has introduced a ‘No Frills’ SB a/c with zero balance facility. The account,
‘Corp Pragathi SB a/c’ can be opened with an initial deposit of Rs 10/- and will provide the
account holder the basic banking facilities. No penalty will be levied even if the balance in
the account drops below Rs. 10/-.

Any individual, including minors above the age of 10 years, who are eligible to open a
normal Savings Bank account, can open the account. The account will be available in all
branches of the Bank. Account holders will be provided chequebook facility, collection,
remittance facilities etc.
 d) Remittance facilities

e) Passbook

f) Nomination facility

6 Service All service charges at existing rates

Charges

7 Facilities not ATM / Debit Card Internet Banking facilityAny Branch Banking facility
provided Personalized Cheque Book facility
Immediate credit of outstation cheques

8 Other terms 1. Self-Declaration from the customer to the effect that balance in the
& conditions account will not exceed Rs.50,000/- and the total credit in all the
accounts will not exceed Rs.1.00 lakh in a year.

2. Introduction should be obtained from any of the account holder who

has been subjected to full ‘Know Your Customer’ procedure.
Introducer’s account with the bank should be at least 6 months old and
should show satisfactory transactions. The photograph of the customer
who proposes to open the account and also his address needs to be
certified by the introducer.

3. In the absence of an introducer as mentioned above, any other

evidence as to the identity and address of the customer to the
satisfaction of the bank.
Corp 4 - in - 1 a/c (Current a/c)

Corporation Bank offers an assortment of current account products that is tailor made to suit all
financial requirements of all our customers be it individuals or corporates.

Account Quarterly Average Balance

Corp Business Account Rs 10,000 (Metros)

Rs 5,000 (Urban & Port Town)
Rs 2,500 (Semi Urban & Rural)

Corp Business Premium Account Rs 50,000 (all locations)

Corp Business Club Account Rs 100,000 (all locations)

Corp Business Privilege Account Rs 500,000 (all locations)

Open the account suited for you to enjoy a host of facilities that will take care of your entire
banking requirements.

Corp Companion - Any Branch Banking Facility : With all our branches of the Bank networked
across India, you can now bank with the Bank and not just a Branch. Access and transact in your
account from any of the networked branches. Deposit / Withdraw Cash to / from your account,
Instant Fund Transfers to any account at these branches, Deposit local cheques at remote
centres for credit of your account elsewhere.

Corp Power Cheq - Multi City Cheque Facility : A powerful facility wherein your cheques are
now payable at par at any CorpBank branch in India. Adding more power to your Current
Account.

Funds Transfer: Instantly transfer funds to any account maintained at any of our networked
branches across India from your account.

Demand Drafts With our national presence, you can draw Demand Drafts in over 450 centres
across the country from Jammu to Nagercoil and from Bhuj to Gangtok.

Corp Net - Internet Banking: Corp Net, our Internet Banking service allows you to access your
account any part of the world anytime.
v Verify your account balances

v View and download your statement of accounts

v Make payments to third parties & transfer funds using Corp E-cheque

v Request for cheque books, demand drafts, Stop Payments

v Pay Utility Bill Payments online

v And many more services

Corp Convenience - International Debit cum ATM Card : Corp Convenience, our International
Debit Card assists you in accessing your account at over 1060+ Corp Bank ATMs in addition to
more than 10 lakh VISA ATMs worldwide. Moreover you can use the Card at more than 10
million shopping outlets worldwide displaying the VISA logo.

Other facilities: Account statements, Standing Instructions and all other facilities that you have
been enjoying with us for over 103 years. We also have a unique product, Corp Payroll to make
your salary payments to your employees without any bother.

Who can open:

a. Individuals of sound mind and who have attained majority.

b. Two or more individuals in their joint names.

c. Proprietary Concerns (Sole Proprietorships)

d. Partnerships Firms

e. Hindu Undivided Families

f. Companies

g. Clubs, Societies, Associations, Committees, Schools etc.

h. Trusts
i. Executors

j. Administrators

k. Government and Semi-Government Bodies, Local Authorities etc.

Based on the current account variant you choose, you will be eligible for a host of services at
free/concessional rates.

Millionaire RD Account

Millionaire RD Account

Recurring Deposit is a term deposit wherein a fixed monthly installment is deposited by

the customer for a predetermined period. At the end of the period, the customer will get
back the amount deposited along with applicable interest.
Millionaire RD is a variant of the above scheme wherein the customer on depositing a
specified amount of money for the corresponding period is assured to get a maturity value
of more than Rs One Million at the end of the tenure.
For e.g., at the prevailing interest rates, a customer on depositing Rs 5600 for 120 months
will get back Rs 1,000,027 at the end of the period.
In case of premature withdrawal, there shall be penalty of 1% on the contracted interest
rate or on the interest rate for period run, whichever is lower. Loan facility is provided
upto 90% of the deposit. NO TDS will be deducted on any kind of Recurring Deposit
To open a Millionaire RD, please contact our nearest Branch. In case you are not having an
existing relationship with the Bank, you would need to provide documents establishing
Proof of Identity and Proof of Address.
The full Millionaire table is furnished below.
Period GENERAL SENIOR
 CITIZENS

Deposit Period Monthly Maturity Monthly Maturity

Instalment Value Instalment Value

1 Year 80250 1,000,087 80050 1,000,282

2 Year 38650 1,000,550 38450 1,000,596

3 Year 24825 1,000,320 24625 1,000,070

4 Year 17950 1,001,171 17750 1,000,471

5 Year 13725 1,001,413 13550 1,000,830

6 Year 11000 1,001,088 10825 1,001,095

7 Year 9050 1,000,239 8900 1,002,430

8 Year 7625 1,003,028 7450 1,001,626

9 Year 6500 1,002,217 6350 1,003,672

10 Year 5600 1,000,027 5450 1,000,713

Who can Open:

Account can be opened by An individual in his/her own name, Individuals in their joint
names with suitable repayment instructions, Minor represented by parent/guardian,
Clubs, Societies, Associations, Trusts, Executors, Educational Institutions, Administrators,
HUF, Govt. Departments, etc.

To open a Millionaire RD, you may contact our nearest Branch. In case you are not having
an existing relationship with the Bank, you would need to provide documents establishing
Proof of Identity and Proof of Address. If you are not maintaining SB account with the
Bank, you would need to ensure that monthly installments are paid by means of cheque /
cash at the branch where account is opened.
Term Deposit

Kshemanidhi Cash Certificates - KCC

KCC is a money multiplier deposit - it is a reinvestment Term Deposit scheme that can be
opened for a period ranging from 6 months to 10 years. It is a money multiplier deposit
where the deposit amount grows rapidly as interest is compounded quarterly. The rate of
interest depends on the period of deposit.

Money Flex

The flexible Term Deposit - it is a friendly, flexible fixed deposit

scheme that won't block your money for the full term of the deposit.

The scheme allows you to withdraw your money whenever you please. The deposit can be
made for a period ranging from 6 to 120 months. The minimum deposit is Rs. 5,000.
Additional deposits can be made in multiples of Rs.1,000. The rate of interest depends on
the period of deposit.

You can earn interest on your fixed deposit as per applicable rates. You can withdraw a
part of the deposit without having to permanently close the entire deposit. The amount
deposited is held in units of Rs. 1000 each to facilitate part withdrawal. In sum, it is an
ideal scheme for people who would like to have easy access to their fixed deposits without
any hassles.
Fixed Deposit

The high returns deposit - it is the high return term deposit scheme and interest can be
paid at regular intervals viz. monthly, quarterly, half yearly or yearly. The deposit can be
made for periods ranging from 15 days to 10 years. The rate of interest depends on the
period of deposit. It is an ideal deposit scheme for those who can plan for regular income.

CorpTax Saver - Tax Saving Term Deposit

Corporation Bank introduces CorpTax Saver, a new tax saving term deposit scheme.
Amount invested up to Rs. 1 lakh for a fixed period of 5 years is eligible for deduction from
income under Section 80 (C) of Income Tax Act.

Tax Saver Fixed Deposit (TSFD) - The depositors can opt for monthly, quarterly, half yearly
or yearly interest in case of TSFD.

Tax Saver Kshemanidhi Cash Certificate (TSKCC) - In case of TSKCC, the interest will be
quarterly compounded and the receipt shall bear the yearly rate of interest.

Eligibility: Individuals, either singly or jointly with other individuals including minors
represented by guardians & HUF assessee are eligible to open Tax Savings Term Deposit
account. [Quoting of PAN is mandatory]

Joint holder type of deposits may be issued jointly to two adults or jointly to an adult and a
minor, and payable to either of the holders or to the survivor.

In the case of joint deposits, the deduction from income under section 80C shall be
available only to the first holder of the deposit.
Period of the deposit: Fixed at 5 years.

Amount: The minimum amount is Rs. 100 and the maximum amount is Rs.1 lakh in a
financial year. The deposit is accepted in multiples of Rs.100 only.

Rate of interest: As applicable to five year term deposit from time to time. Additional
interest is payable to senior citizens.

Nomination: Nomination facility is available to the depositor under the scheme as per the
rules applicable from time to time. No nomination shall be made in respect of a term
deposit applied for and held by or on behalf of a minor.

Mode of interest payment: Compound interest will be paid in TSKCC and simple interest
will be paid in case of TSFD. The depositors can opt for monthly or quarterly or half yearly
or yearly interest in case of TSFD. In case of TSKCC, the receipt shall bear the yearly rate of
interest on the term deposit receipt.

Premature Closure: No premature closure is permitted before the expiry of five years from
the date of its receipt.

Loans against deposits: No loans shall be granted against the deposits and deposit shall
not be accepted as collateral security for any other facilities also.

Tax deduction at source: Tax shall be deducted at source on the amount of interest
paid/credited in the account as per the guidelines issued under the Income Tax Act from
time to time.
Continuous Deposit

The cluster deposit - Here you choose between simple interest and compound interest
while keeping your deposits in a cluster form. Continue to deposit, any amount, any
number of times. All deposits will be recorded in one account in a pass book making it easy
for you to keep track of your deposits. No hassles of having numerous deposit receipts.

Ready Cash Deposit

The high returns, high liquidity deposit - It is a fixed deposit scheme with a cheque facility
to withdraw whenever you want. Under the scheme, you can deposit a minimum of Rs.
5,000 for a period ranging from 12 months to 36 months. The rate of interest depends on
the period of deposit. While your deposit earns at the agreed rate of interest, you can
withdraw your money through cheques. You need to pay interest in the amount
withdrawn as per the rates fixed by the Bank.

Reccuring Deposit

Every drop counts - An ideal way to plan for future needs. Best
suited to the salaried class, you can save a fixed sum every month
for a period ranging from 12 months to 120 months. You get a
lumpsum amount on maturity. Minimum amount of deposit is Rs
50/- p.m. in Rural and Semi - Urban places and Rs 100/- p.m. in all other places and
thereafter in mulltiples of Rs 25/-. There is no maximum limit.

The rate of interest depends on the period of deposit and it is compounded quarterly.
Interest is paid annually and is ploughed back into principal every year.
The account can be opened by an individual in his / her own name, individuals in their joint
names with suitable repayment instructions,minors represented by guardian and by
clubs,societies, associations etc.

TDS is not applicable to this deposit scheme .

Corp Recur

The depositor pays the Bank a minimum stipulated amount of money every month for 3
years, at the end of which the accumulated deposit together with interest is repaid to
him/her. The Depositor has the option to remit 10 times of stipulated monthly instalment
in a month and withdraw part of the Deposit at the end of 1st and 2nd year of deposit.
Minimum amount of deposit is Rs 500/- p.m. and thereafter in mulltiples of Rs 100/-. There
is no maximum limit.

The rate of interest will be payable at the rate decided by the Bank from time to time.
Interest is paid annually and is ploughed back into principal every year. However the
interest will be compounded on quarterly basis so as to fetch higher yield on the
investment.

The account can be opened by an individual in his / her own name, individuals in their joint
names with suitable repayment instructions,minors represented by guardian and by
clubs,societies, associations etc.
TDS is not applicable to this deposit scheme .

Premium Deposit

The deposit for a secure tomorrow - Start saving a minimum of Rs.100 per month for a
period from 1 year to 10 years. On completion of that period, the deposit with interest is
reinvested in minimum blocks to give maximum interest, at the rate prevailing then, and
converted into a corpus of your choice.

Janatha Deposit

The bank at your door step. This deposit is for a period from 1 to 5 years. Our collection
agent will call at your place to collect your savings at regular intervals even daily. Your
small saving thus accumulate into a substantial amount over the deposit period.

Corp Gold

Corp Bank, with strong fundamentals and experience/expertise in handling bullion

business, is one of the few Banks that have been permitted to launch the scheme. The key
features of the Corp Gold Deposit Scheme are

v Resident Indians can invest under the scheme

v Gold (bars, coins, jewellery, etc.) is accepted in scrap form
v Maturity period 3 to 7 years
v Rate if interest – depends on the maturity pattern
v Facility of Nomination is available
v Multiple Certificates for different denominations available
v Redemption in standard 995 fineness gold or in rupees permissible
v Premature withdrawal after the lock-in-period is permitted
v Rupee loans permitted against the collateral of Deposit Certificate
v Deposit is transferable by endorsement and delivery
v No Income Tax on interest income
v No Wealth Tax on gold deposited
v No Capital Gains Tax either on transfer or maturity
v The Scheme at present is available at select branches only and other terms and conditions
apply.
GENERAL GUIDELINES ON DEPOSIT ACCOUNTS

v Nomination facility is available to all deposit accounts.

v Applicant(s) desiring to open an account with the Bank needs to sign an account opening form
before an official of the Bank.
v Introduction is a pre-requisite for opening any deposit account.
v As per RBI guidelines, photographs of all account holders should be furnished to the Bank.
v The rules governing the deposit accounts are subject to change from time to time.
v Tax as per extant guidelines in force will be deducted at source in respect of all deposit
accounts except Recurring Deposit.
Conclusion

The training that I undertook in THE CORPORATION BANK is very useful. I was given an
opportunity to indentify various components in banking especially in marketing department
where I trained . Apart from the theoretical knowledge that I gain from my studies, I have
gained a sound practical knowledge. This training has helped me a lot.