Product Details
Bank Name
Central Bank of India
Account Name
Cent Premium Acount
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
Yes
Account Opening Fees
0
Debit Card Charges
0
Annual Maintenance Fees
0
NEFT Charges
15 Nos. Free per quarter. Max. Amt upto Rs.5 lacs per transaction
Minimum Account Balance
Rs. 100,000(Monthly average balance)
IMPS Charges
Up to 10,000 -3.00+GST (Through Digital channels) and 5.00+GST (Through Bank Branches)
Fees and Charges of
Cent Premium Acount
Cent Premium Acount
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits of
Cent Premium Acount
Pros & Cons of
Pros
50% concession on one year rent on normal charges.
Full waiver of processing charges for the "Cent Premium" account holders under Retail Lending schemes of housing loans & vehicle loans.
Sweep out facility.
Free Demat account.
200 free leaves per annum.
Cons
Few value-added features.
Low interest rate.
Cent Premium Acount
Cent Premium Acount
The account comes with low interest rate and offers average value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Review of
Cent Premium Acount
Account Opening and Procedure of
How to open an Account?
Methods to Open an Account:
Visiting a Branch:
The traditional method involves going to your nearest Central Bank of India branch.
You'll need to fill out an account opening form and submit the required documents.Online Account Opening:
Central Bank of India is offering online account opening facilities, including Video KYC based account opening. This allows for a more streamlined process.This option is available through the banks website.