Corporation Bank has decided to offer unlimited number of free transactions to its savings bank account cardholders for using the bank’s ATMs.
According to the revised guidelines of Reserve Bank of India (RBI), banks have an option to cap the number of free transactions (financial and non-financial) at five per month for savings bank account holders in own bank ATMs across India.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. Overall, the Bank has a wide network of over 9,000 centres across India, including 2,061 branches, 2,599 ATMs and 4,349 branchless banking units.
