The Central Bank of India was the country's first commercial bank. Established in 1911, the bank now has branches all over the country. Central Bank of India has also played a significant role in nurturing the areas of improvement for small-scale industries in the country.
Central Bank offers its customers a number of financial products and services one of which is the current account. A current account is a type of bank account where the limit on the number of cash and non-cash transactions are comparatively higher than those of a regular savings account. This type of account is commonly used by businessmen, merchant, retailer, and individuals who require high liquidity. Central Bank has 5 variants of the current account and customers have the option of choosing the account that best suits their requirements.
One variant of current account offered by Central bank is the CD Current Account. The following are its features and benefits:
Central Bank of India aspires to be India's financial supermarket and to make positive contributions towards the needs of the economy. The CD Current Account is one of the instruments that is enabling the bank closer to this goal.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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