COASTAL BANK offers the following deposits.
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.
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.
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Unbeatable interest rates on your investment.
- Higher rate of interest of 0.50% to senior citizens above the normal rates 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 will apply
Interest rates are Per Annum and are applicable to fresh and renewal of deposits on or after the effective date.
Prepayment penalty at the rate of 1% p.a. on applicable rate will be charged on all fresh & renewed deposits.
Senior Citizens are offered an attractive additional interest over and above the mentioned rates for deposits with a minimum of certain maturity period.
Interest rates are subject to change from time to time
Types of term deposits
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.
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 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.
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.
Variety of Loan Products to suit customer requirements.
Competitive interest rates
Easy payment options
Simplified paper work
- Crop loans
- Term loans for farm equipments
- Vehicle loan to farmers
- Gold loans
- Overdrafts to business community
- Finance to contractors
- Personal loans
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:
- Hassle-free quick processing of loans.
- Simplified paperwork.
- Easy payment options.
- Attractive interest rate
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 (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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