Corporation Bank unveiled a new deposit scheme ‘Corp Power Plus’, with a new tenor of 555 days and offering interest of 9.10% per annum. The interest payable is higher than the maximum of 9% it pays for one-year deposits and is with effect from January 07, 2013. Besides, the bank pays 6.5% to 9% for deposits of various maturities.
Corporation Bank has been serving millions of customers since 1906. With over 6000 service outlets overseas, it is one of the premier public sector banks in India.