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Product Details
Bank Name

Central Bank of India

Account Name

Account Type

Saving

Interest Rate

At present up to Rs 10.00 lacs 2.90 % p.a. and above Rs.10 lacs 2.75 % p.a.

Free Debit Card

Cent Balbhavishya
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

1000

Debit Card Charges

NEFT Charges

Free

IMPS Charges

Free

Fees and Charges
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Cent Balbhavishya

Special Features
None
Eligibility Criteria
Any child up to the age of 10 years can open this account with his parent (Father/mother) or legal guardian.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
There is no restriction on number of deposits in this account,In this account there is option available to convert balance in excess of Rs. 10.000/- from savings account to cumulative time deposit scheme, i.e. MMDC for a period of six months to maximum ten years depending upon the age of child. The guardian can exercise this option any number of times.
Cons
The account does not provide overdraft facility ,No Cheque Book is allowed in this account till the child attains the age of majority and Internet banking facility is also not available .
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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