Corporation Bank has announced special benifits for the permanent employees of Kerala Government. AMMG Nair, Zonal Manager, Corporation Manager, Zonal Office, Kochi in a press note said that Corp Payroll Accounts is available for routing the salary of permanent employees through which they can withdraw 50 percent of the amount as overdraft from the second month.
Instead ATM-cum-Debit card, internet banking, SMS Banking, free Remitance facility, cheque book, Multi city cheque, Pass books are also available. Payment of tax, insurance payment and NEFT can be done free of charge through internet and ATM. There is a concession of 1 percent on interest rates and 50 percent of processing charges on housing loans. 0.25 percent concession on interest rates for vehicle loans. Gift cards are also available free of charge.