Product Details
Bank Name
Central Bank of India
Account Name
Cent Samvridhi Savings Account
Account Type
Savings account
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
Free ATM cum debit card
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
Rs. 25,000
Debit Card Charges
Not specified by the bank.
NEFT Charges
Free online
IMPS Charges
Free online
Fees and Charges
Cent Samvridhi Savings Account
Special Features
Savings account with facility of Fixed Deposit.
50% concession on Demat AMC charges for first year.
Eligibility Criteria
Residents above 18 years of age.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Auto-sweep facility is available.
Savings account with facility of Fixed Deposit.
50% waiver in first year’s credit card fees.
Free Netbanking.
Free stop payment instruction max two per month.
50% concession on Demat AMC charges for first year.
Cons
Very few value-added features.
Low interest rates.
Cent Samvridhi Savings Account Review
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.