The minimum amount that can be deposited in the Corporation Bank account is Rs.100. You can deposit the needed amount at Corporation Bank’s fixed deposit account for a duration that typically ranges from 7 days to 10 years. One is guaranteed to earn returns in a fixed deposit. The money deposit for this duration earns an interest and is given back to the customer after the tenure has ended. The tenures on fixed deposits range from 7 days to 10 years or more in some cases. Fixed deposits are offered to customers by many banks and Non-Banking Financial Companies (NBFCs). The money is deposited for a specific time and gets an interest that is then given to the customer. A fixed deposit is a form of investment that is preferred by many customers as it is a safe form of investment that earns a higher rate of interest than a regular savings account.
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