Central Bank of India was established in 1911 and is the first Indian commercial bank which was wholly owned and managed by Indians. Since inception the bank faced various obstacles, but each storm has successfully transformed into a business opportunity and excelled over its peers in the Banking Industry.
Today, the bank holds a very prominent place among the Public Sector Banks. Central Bank of India has a network of 4659 branches, 1 extension counters, along with 10 satellite offices throughout the length and breadth of the country.
This Central Bank of India Savings Account offers Small Savings wherein you can deposit your funds and utilize the same for your day to day requirements. A minor over the age of 12 years, who can read and write and operate the account personally, can apply for this account. Other eligibilities are for HUF, blind persons, Illiterate persons, etc., can apply for this account.
Charges for non-maintenance of minimum balance:
Note: Subject to change from time to time. Pensioners, Senior Citizens above 60 years of age, students are exempted from the minimum balance requirement.
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The account offers Debit-cum-ATM Card, wherein you can enjoy easy shopping in retail and online. Cent premium Savings Account offers preferred banking services like free internet, SMS and phone banking. The account holder needs to make an initial deposit - Rs. 250 (Rural), Rs. 500 (Semi-Urban), Rs. 1000 (Urban), Rs. 1000 (Metro).
It is a salary and pension account, wherein your salary or pension will be credited on the last day of the working month or as on communicated by pension/salary disbursement authorities. It should be ensured by the branches that the amount is credited and is available for withdrawal at the start of the banking hours on the scheduled date of disbursement of salary.
As the name says, this account by Central Bank of India is dedicated to minors of age up to 12. This is to attract low cost deposit and cultivate the habit of saving within minors for a long-term. The account has no withdrawal option till the child attains the age of 18 years, except for the purpose of making Fixed Deposit.
An account can be opened with an initial deposit:
You can apply through both online & offline mode. For online application, you need to visit the official website of the Central Bank of India. You can pick the type of savings account you want to apply, and at the bottom of every savings account, you will have an option to Apply Online. Follow the procedure as given.
Another way is to simply visit the nearest Central Bank of India branch and meet the representative there. Ensure you carry all the KYC documents. You'll be given a form to fill, make sure to enter all the accurate details as per your original documents. Upon submitting, the bank will verify your details and process for opening the account.
You can contact the toll-free number-
1800 22 1911
The central bank has a long history and with its PAN-India presence, will bring in a great banking experience for you.