The Central Bank of India is one of the oldest and largest commercial banks in India. It was founded by Sir Pherozesha Mehta and established in the year 1911. As of now, the bank has a widespread network of more than 4500 branches and 30 satellite offices. It offers a wide range of financial products and banking services and one of them is savings account. To cater the needs of the customers, the bank offers a variety of savings accounts.
When you open a savings account with the bank, you will receive an 10-digit Central Bank of India Account Number, which can be further used to avail special services that the bank offers only its account holders. The simple aim of offering a savings bank account to customers is to encourage them to save and earn interest on it. With savings account, you can easily withdraw the desired amount anytime without compromising on the interest earned on it.
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What are the different Savings Accounts offered by the Central Bank of India?
Central Bank of India offer different options on savings accounts to its customers. Each type of savings account caters to a specific need of the customers. Some of the types of savings accounts that you will get to choose from at the Central Bank of India are given as follows:
- Home Saving Safe (HSS) Account: This account allows you to deposit your small savings and utilise the same for your day to day home requirements.
- Cent Premium: It is a premium bank account for preferred customers. The bank account also offers various benefits and exclusive privileges to the account holders such as waiver of processing fee on a few loans.
- Cent Param: The scheme was launched for the three wings to the defence forces, i.e., Army, Navy and Air Force. In this account, there will be no account opening charges and no minimum balance needs to be maintained.
- Cent Balbhavishya: This scheme is targeted towards minors. This scheme was launched with an objective to attract more low cost deposits and cultivate the habit of saving among minors.
- Cent Salary Saving Scheme (CSSS): This scheme is for employees in the State and Central Government and also other public sector undertakings. The account can be opened in a group of minimum 10 members.
- Cent Bachat Khata: The bank has launched No-Frills Savings Deposit Account in order to make basic banking services available to a vast section of the society.
What are the eligibility criteria for obtaining Central Bank of India Savings Account Number?
In order to open a savings account with Central Bank of India, one needs to comply with various eligibility requirements. These requirements might vary as per different savings account types. Therefore, it is advisable to check the eligibility criteria before applying for a savings account.
What documents are required to open a savings bank account with the Central Bank of India?
The documents required to get Central Bank of India Account Number might vary as per the savings account type. However, there are a few documenbts which are common for all account types. These documents are listed as follows:
- Proof of Identity (Aadhaar Card, PAN, Passport, Driving License, Voter ID Card, etc.)
- Proof of Residence (Electricity Bill, Telephone Bill, Aadhaar Card, Voter ID Card, etc.)
- Proof of Age (Aadhaar Card, 10th Passing Certificate, Birth Certificate, Passport, etc.)