Bank launches two products
Our Banking Bureau
16 July 2002
has launched two more products ó CorpJunior and CorpSenior.
is meant to facilitate easy transfer of money to the customerís
wards studying in "distant places," while CorpSenior is
meant to take care of money transfers to the customerís
dependent parents or spouse. The transfer of funds is effected
through the bankís inter-connected online ATMs across India.
Any accountholder of the
bank can now open CorpJunior or CorpSenior accounts in the branch
where he maintains his/her account and get CorpBank ATM cards for
his wards, dependent parents or spouse, which can then be used to
withdraw money from these accounts at the dependentsí place of
The accountholder can
transfer money to these accounts as per his/her requirements or
give standing instructions to the bank for periodical transfers.
Accountholders also have access to information regarding their
accounts through the ATMs.
The ATM card can be used
across the bankís online ATM network from Amritsar to
Thiruvananthapuram and from Ahmedabad to Kolkata.
These new accounts, the
bank says, eliminate the "hassles" faced in
the "traditional modes" of remittance by demand
drafts and dispatch through mail or courier services.
List of reports on Corporation Bank