What is Corporation Bank? What are the Eligibility Criteria to open saving account in Corporation Bank?

What is Corporation Bank? What are the Eligibility Criteria to open saving account in Corporation Bank?


Hey readers, you have visited at the right place, if you want to know how to open a saving account, steps to open saving account incorporation Bank. This article will be going to try to solve your all queries related to the bank and their account opening. You should have a concern related to your account that you are going to open and firstly you should want to know about the bank. So, we will start with a brief description of the Corporation Bank.

What is Corporation Bank?

                     

The corporation is a public-sector banking and financial service company. It's headquartered is situated in Banglore, Karnataka, India. The bank has a network of
2,600 fully automated CBS branches, 3,040 ATMs and 4724 branches in the banking unit across India.

What are the Eligibility Criteria to open saving account in Corporation Bank? 

              
o   The applicant should be a citizen of India to be eligible to open an account in Corporation bank. 
o   Applicant should be 18 years and above to become eligible for account opening, except in the case of minor account. In the minor account, an applicant can open an account on the behalf of their parents. 

The applicant should have all the KYC documents that are government approved. 
o   Once all the processes completed than the applicant should make an initial payment to activate the account.

What is the Document requirement to Open Bank Account in Corporation Bank?

  • Proof of Identity - Aadhaar Card, PAN Card, Driving License, Passport, Voter's ID Card. 
  • Proof of Address - the Electricity bill, DL,
  • Aadhaar Card, passport visa, Ration Card, Bank Statement or Passbook, etc.  o  PAN Card (Form 16 is required if the PAN Card is not available to the applicant).
  • Two Latest Photographs no more than 6-month-old.

What are the steps to open a savings account in the Corporation Bank?



  1. The applicant has to visit the Corporation bank if they want to open a savings account with this account.
  2. After reaching the bank, the applicant
  3. has to ask the executive that you want to open a savings account with this bank.
  4. The executive will give you a saving account opening form of the Corporation Bank.
  5. The applicant has to fill that form to
  6. open an account (Note: the applicant has to fill all the detail in the given asked Field to avoid rejection of the form. o Gather all the required documents with the KYC documents with the form.
  7. If the form is filled completely that submit at with the KYC and required document in the bank. The form and documents will be submitted in the hand of the executive.
  8. The executive of the bank will verify
  9. your filled detail in the form with the KYC document both information would be the same.
  10. After the verification process over you have to make an initial payment whatever initial deposit required by the bank.
  11.  After all, the executive will handover all the bank related documents and instructions to you.
If you have completed all the steps then congratulation you are the new customer of the Corporation Bank. Now you can enjoy all the benefits and do transactions.

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