Product Details
Bank Name
Central Bank of India
Account Name
Central Bank of India Home Saving Safe Accounts (H.S.S)
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
Yes Rupay Pre Gen NCMC
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
2000
Debit Card Charges
100
NEFT Charges
Free online
IMPS Charges
Up to 10,000 -3.00+GST (Through Digital channels) and 5.00+GST (Through Bank Branches)
Fees and Charges
Central Bank of India Home Saving Safe Accounts (H.S.S)
Special Features
None
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Nomination facility is available.
Other facilities like cheque collection, stop payment, standing instructions, Internet banking, safe deposit vault facility, SMS alerts on deposit /withdrawal are available.
Cons
Few value-added features.
Low interest rates.
Central Bank of India Home Saving Safe Accounts (H.S.S)
The account comes with low interest rate and 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 banks website.