Product Details
Bank Name
Central Bank of India
Account Name
Cent Samarth- Savings Deposits
Account Type
Saving /salaried
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, Rupay Platinum Debit card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
0
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Cent Samarth- Savings Deposits
Special Features
Zero balance account.
50% rebate in rent on one "Small Locker".
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Pre-approved overdraft facility.
Easily convertible to a pension account on retirement.
Utility Bill Payment through Net banking is free.
50% rebate in rent on one "Small Locker".
50% concession in processing charges on all types of "Retail loans" availed by SB Samarth account holder.
Five free DDs/BCs per quarter; (subject to per day limit of INR 1 lakh).
Cons
Low interest rate.
Cent Samarth- Savings Deposits
The account comes with low interest rate and offers minimal 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
Product Review
Account Opening and Procedure
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 bank's website.