IN THIS ARTICLE
Central Bank of India allows the customer to have four types of account namely saving bank account, current account, recurring deposit scheme account and time deposits.
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Central Bank of India Types of Accounts
Home Saving Safe accounts (H.S.S): The home saving safe account offers the customer to keep the small savings and utilize the same for the daily requirements. You can also check here Central Bank of India Deposits.
Eligibility for H.S.S:
- A person in his individual
- More than one person in the joint name can open a saving bank account.
- A minor over the age of 12 years can also have a saving bank account if he/she can read, write and operate the account personally.
- Educational and charitable institution (Those who don’t conduct business for profit purposes )
- A blind person can also have a saving bank account.
- An illiterate person can also have a saving bank account.
- Agencies or organization or bodies that have special permit to open a saving bank account.
- Along with the savings account, the customer is provided with a Central Bank of India Debit Card and passbook.
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Current Account:
The customer needs to maintain and hence initial deposit amount for opening the account is 3000 rupee for rural, for semi-rub 3000 rupees, for urban 5000 rupees and for metro cities branch 7000 rupees.You can check your Current account balance on Central Bank of India Net Banking with out visiting the bank.
Features of the Current account are as follows:
- Free cheque book will be provided at the time of opening the account and there after rupee 3 per leaf will be charged.
- For current account holder, the credit card issuance charge will be zero.
- The customer needs to pay the credit card renewal charge of rupee 100 every two years.
- Internet banking services, SMS alerts, and Phone Banking facility are free for current account customers.
- In case the customer wants a demat account a maintenance charge of rupee 200 will be the every year. If you are interested to know about other bank accounts features also then here are some banks with best features Andhra Bank Accounts, SBI Bank Accounts and IndusInd Bank Accounts etc.
- Who can open the current account or what are the eligibility criteria for opening a current account?
- A person in his individual capacity can open the current account.
- Clubs, societies, trusts, associations etc. can also have a current account.
- Private traders or professionals or partnership firm or companies.
- What are the documents required along with the form details to open a current account?
- Which documents can act as Proof of Identity?
- Passport
- PAN (Permanent Account number) card
- Driving License
- Voter’s Identity card which is issued by the Election commission of India.
- The letter that is issued by the Unique Identification Authority of India which contains details of name, address, and Aadhaar number.
- Which document can act as Proof of address?
- What is the minimum amount required to be deposited to open a current account?
A) 7000 rupee for metro branches
B) 5000 rupee for urban based branches
C) 3000 rupee for Semi urban branches
D) 3000 rupee for rural branches
6. In case the customer is not able to maintain the minimum balance, what will be the charges?
- Rupee 600 for metro based branches per quarter
- Rupee 500 for urban based branches per quarter
- Rupee 300 for semi urban branches per quarter
- Rupee 200 for Rural based branches per quarter
- Who can open a saving bank account? Or what is the eligibility criteria for opening a saving bank account?
- A person in his individual capacity or name
- More than one person can open a saving bank account in their joint names.
- A minor jointly with a major can open a saving bank account.
- A minor above the age of 10 who can read, write as well as operate the account individually.
- Charitable and educational institution that doesn’t do business of commercial nature
- Blind person as well as Illiterate persons are eligible for opening a saving bank account.
- Agencies or organization or specially permitted bodies to open a saving account.
- What are documents required at the time of opening a saving bank account?
- Proof of identity
- Proof of Address
- Two recent passport size photographs
- PAN or Form 60/61
- Which documents can act as Proof of Identity for opening a saving bank account?
- Passport
- PAN (Permanent Account Number)
- Driving License
- Voter’s Identity Card Issued by the Election Commission of India.
- NREGA issued Job Card attested by the officer of state government.
- What is the minimum amount to be deposited while opening saving bank account?
a) For metro or urban branches minimum 1000 rupee
b) For semi urban branches minimum 500 rupee
c) For rural branches minimum 250 rupee
Charges for non-maintenance of minimum balance:
a) For metro or urban based branches rupee 75 per quarter
b) For semi urban branches rupee 60 per quarter
c) For rural branches rupee 30 per quarter
Well the above information may subject from time to time
NOTE: Pensioners, Senior citizens (i.e. above 60 years) and students are exempted for minimum balance amount in a savings bank account.
- For issuing a new cheque book. What are the charges?
- What is the rate of interest in a savings bank account?
- Can a savings bank account customer nominate their close ones?
- Is online opening of savings bank account available?
- What are the additional facilities the Saving Deposit customer can avail?
