COASTAL BANK offers
the following deposits
Saving Bank Account
Suits to the requirement of lower and middle class income groups, with cheque book and without cheque book facility besides earning interest. Minimum balance to be maintained in the account is very low when compared to other commercial banks.
Insurance linked Savings Bank Deposit Scheme - An accidental insurance cover of
Rs.1.00 lakh being provided for all Saving Bank account holders belonging to individuals at a very nominal cost of Rs.15/- per year. w.e.f:01-06-2010.
Interest on Saving Bank accounts will be calculated on
daily product basis w.e.f:01-04-2010
Current Account
Ideal for carrying out day-to-day business transactions. Designed to meet the requirements of traders and others with lower minimum balances, nominal folio and service charges.
Term Deposits
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Unbeatable interest rates on your investment among the
Commercial Banks.
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Higher rate of interest of 0.50% over card rate for
Investments upto 1 Year and 1.00% over card rate for
investments over 1 Year for Senior Citizens above the
normal rates.
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higher interest rate of 0.50% for individual deposit of
Rs.15 lakh & above auto renewal facilityfor further period
as per customer choice loan facility up to 90% of deposit
amount. (conditions apply)
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Interest rates are Per Annum and are applicable to fresh
and renewal of deposits on or after the effective date.
Interest rates are subject to change from time to time
Types of term deposit
Fixed Deposit A convenient deposit scheme which ensures earning higher interest on your investment even for shorter periods ranging from 15 days. A regular income earning scheme designed for payment of interest at monthly, quarterly and half yearly rests. Suits to the requirement of pensioners and others who want regular monthly, quarterly ,half yearly income.
Kanakavarsha
Deposit Highly preferred way to make your investment grow at a faster rate. A deposit scheme where interest is compounded quarterly and deposit will be paid along with interest on maturity date. The deposit will be accepted for periods from 6 moths to 10 years.
Auto
Renewals Auto renewal term deposit interest is added to principle every quarter and the customer gets compounded interest and automatically renews for further period of customer choice.
Recurring
Deposits When expenses are high, you may not have adequate funds to make big investments. CLAB Recurring Deposit lets you invest small amounts of money every month that ends up with a large saving on maturity. So you enjoy twin advantages-affordability and higher earnings. Interest earned in this account is exempted from Income Tax.
Coastal
Decennial Deposit Scheme
Bank is celebrating 10
years of successful service to its customers. On this occasion the Bank is
offering special interest rates on deposits for the period of 1 year & above.
Coastal
Samvrudhi Deposit
Convenient, safe &
security to the customers on daily deposit collection through agents at the door
step. Daily minimum of Rs.20/- & no cap on maximum.
LOAN Schemes
Variety of Loan Products to suit
customer requirements.
Competitive
interest rates
Easy payment
options
Simplified
paper work
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Crop loans
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Term loans for farm equipments
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Vehicle loan to farmers
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Gold loans
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Overdrafts to business community
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Finance to contractors
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Personal loans
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Loan against ware
house receipts
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Coastal Small
Credit (will be implemented soon)
Contact our Branch for terms and conditions.
For loan terms and conditions, eligibility criteria, interest rate, loan term, security, EMI amount wherever required can be enquired with the nearest branch.
CLAB presents “Loan Against Gold Ornaments”, designed to provide liquidity against gold ornaments without having to sell them.
This product is ideal to meet agriculture and allied agriculture requirements like cultivation, dairy, poultry, fishery, etc. Gold ornaments lying idle can be put to productive use by availing Loan Against Gold Ornaments
The product is packed with features such as:
LOCKERS
A secure location to keep your valuables is Bank Locker . To cater to this need, we offer you Safe Deposit Lockers at most of our branches. They are available in a variety of sizes to suit your needs. You can locate your nearest branch.
Cash Management Services
Cash Management Services (CMS) is a mechanism to efficiently manage cash flow in order to reduce risks, minimize costs and maximize profits. Generally Cash Management comprises integrated collection, payments and receivables functions. Speedy collection of outstation instruments is one of the major products under CMS.
Under CMS our products are Collection, Payment, Post Dated Cheque Collections
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