CORPORATION BANK1 (2/2)Personal banking (2/2)Loan Schemes (2/2)Cards (2/2)High-tech Banking Products and Services (2/2)Products and Services for Non-Residents (2/2)Important Services (2/2)Corp Powercheq—Multi City Cheque Facility (MCC) Multi City Cheques is a facility wherein the customer can issue cheques drawn at the base branch and payable at selected remote centers. These cheques will thus be treated as local cheques in the remote centCorp Mediclaim Corporation Bank offers a group mediclaim scheme in association with New India Assurance Company Ltd., the bank’s partner in general insurance. This product was devised to meet the medical insurance needs of the customers, who may be unexpeCorp E-rail Corporation Bank has e-enabled railway reservation booking. It has entered into a tie-up with the Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) for online booking of railway tickets. All customers who are availing of CorpNet IntCorp Billpay At Corp Billpay one can pay bills and make other payments online. Instead of writing a cheque each time, one can use any device connected to the Internet (e.g., computer and kiosk) and make payments with the click of a mouse.Corp Mobile Recharge Electronic recharge of pre-paid mobile phones is a facility which enables customers having prepaid mobile phones to electronically recharge their mobile phone cards by debiting their account through Corporation Bank ATMs or through SMCorp Anytime Premium Corporation Bank has introduced the Corp anytime premium facility to pay LIC premium through its ATM network spread throughout the country for its customers, holding a tie-up with Life Insurance Corporation, its strategic partner. CorCorp Junior Corp Junior leverages on the power and convenience of the free Corp Bank ATM card and the vast nationwide online interconnected ATM network of the bank. Corp Junior enables parents with children studying away from them to remit money at periodMutual Funds The bank is aiming to become a financial supermarket where its customers are able to purchase a wide range of quality financial products under one roof. The bank offers a wide range of mutual fund products, be it equity, diversified or sectorDepository Services Majority of the security related transactions in the Indian capital market have shifted to the dematerialized form. Therefore, it has become all the more necessary for investors to maintain depository accounts. Corporation Banks also oCase Questions (1/2)South Indian Bank2 (1/2)Introduction (1/2)SIB Deposit Schemes (1/2)SIB Flexi Deposit Scheme This deposit scheme offered by SIB uses the positive features of both a fixed deposit as well as a saving account. In flexi deposit, a fixed deposit and the savings account are linked by a common identity number for the consumer.Kalpakanidhi Deposits It is a reinvestment plan with cumulative interest. The interest is added to the principal on quarterly basis, and hence, there is a scope for higher returns. Principal along with interest is paid only on the maturity date. This prodFast Cash Deposits This is a facility provided by SIB where it allows the consumers to enjoy the interest rates of a fixed deposit for ultra short-term duration. Deposits can be made for as short as 30 days. The various schemes available in fast cash areRecurring Deposits This scheme by the bank is targeted at people living on a monthly salaried income. Recurring deposit aims to improve the long-term savings for these salaried people. Since they would not have a large amount to deposit in the fixed deposMangala Deposits This is a unique scheme offered by SIB. Mangala deposits are a kind of recurring deposit scheme in which the bank gives the customer the option to change the monthly installments at the beginning of every new financial year so that they cHoliday Recurring Deposit Holiday recurring deposit scheme is offered by the SIB for a period of 12 months. This is aimed at the customers who want to save some amount every month for going on a holiday or tour at the end of a year. In this scheme, the baLoans and Advances (1/2)SIB Planters Choice It targets individuals and/or jointly with family members/firms/companies with traditional plantations—tea, coffee, rubber, coconut and cardamom. The purpose of the loan is for purchasing agricultural land/existing plantation and develSIB Utsav It is a family specific loan, intended to establish and retain a long-term relationship with the members of more than two generations of each family, who avail of this facility to celebrate auspicious occasions. The target group for this productThe Retreat The Retreat home loan scheme details in a nutshell are as follows:Consumer Delight This scheme is meant for the purchase of consumer durables. The target is any person having regular income and profit-making firms with 2 years of existence. The maximum loan amount granted is `2 lakh and margin is 25 per cent. The repayFlexi Loan The purpose of the flexi loan is not limited by the bank. However, the purpose should not be for hoarding, speculation or activity restricted by the Government of India or state governments or local bodies. The purpose of the loan should be madGold Power The scheme in a nutshell is as follows:Gold Rush The scheme in a nutshell is as follows:Home Loan The home loan is given for single or joint account holder. The loan for new construction/purchase and take over is maximum `50 lakh while for renovation/additions/major repair and improvement is maximum `5 lakh. The period of loan (including holMercantile Credit It targets traders for the purpose of providing working capital. The quantum of finance is minimum `1 lakh and maximum `50 lakh.NRI Flexi Loan It targets NRIs for investment in residential/commercial buildings except for investment in non-banking business, in agricultural or plantation, real estate business and construction of farm house for trading in transferable development rigOverdraft Facility for NRI It provides a facility of overdraft up to `25,000 in NRE SB account. The criteria is an equal amount of NRE/FCNR deposit with the bank. The rate of interest is deposits rate plus 1 per cent irrespective of the size of the loan/oPersonal Loans It targets permanent employees of government PSUs, blue chip companies and reputed institutions where salary deduction undertaking is available. It also provides line of credit to SB account holders, whose salary is being credited to the acRental Loan Scheme It provides loan against lease rent receivables. Repayment is through EMI equal to un- expired lease period or extended lease period subject to a maximum of 7 years. Loan repayment period will be the remaining period of lease period orVitjan Pradan The borrowers of this loan scheme are students who have completed 18 years. In the case of minor students, parents will be the borrowers. The maximum amount is `5 lakh for domestic studies and `15 lakh for foreign studies. Margin is nil up tSIB Life Line It is a unique family health care loan package with insurance cover designed to support financially for timely medical treatment of various ailments. The financial parameters are as follows:SIB Sthree Shakthi The targets of this loan scheme are the employed women and housewives whose husbands are employees, agriculturists, professionals or businessmen. Eligible amount of loan is total emoluments/income of permanent nature received by self/huSIB Help-Line for Nurses It is a special loan scheme for nurses proceeding for employment abroad. The purpose of the loan is to meet expenses like one way ticket charges, initial expenses with recruiting agency, initial expenses abroad till first salary iAgriflex The target group of this loan scheme is individuals and/or jointly with spouse/parents or joint property owners. The net worth in landed property should be at least twice the loan amount. The purpose of the loan is any agricultural and allied actNRI Schemes (1/2)NRI Deposit Schemes The various schemes are NRE, NRO, FCNR (B) and RFC. For NRE, accounts can be in the form of current, savings, term deposit and recurring deposit. Joint accounts are also permitted.Swift Centres SIB is the one among the few banks in India using new version of IP based SWIFT network. It is the fastest way for transfer of funds.Online Money Transfer It can be done through various schemes like TT remittance, Xpress money, Wall Street instant cash and SIB express.Loans and Advances Various types of loans are available for NRIs. Loan against deposits is available up to 90 per cent of the deposit amount against security of fixed deposits under NRE and NRO. The rate of interest for loan against NRE/NR deposit is depoNRI Family Welfare Scheme This scheme provides reimbursement of hospitalization expenses for NRI and his family and also personal accident cover for the NRI at a reduced rate of premium. All NRIs who maintain account with SIB within the age limit of 3–75Special Services SIB offers special services for NRIs. The bank has 13 NRI branches and NRI newsletter.Tele-Transfer For tele-transfer of funds to India, NRIs can instruct their banks abroad to remit the amount directly to the correspondent bank, giving SIB account number to the correspondent bank and the name of SIB branch where the account is maintained.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
