Cent Param is a savings account offered by the Central Bank of India where the account holder’s salary, pension, or miscellaneous payments are credited. Pension or salary is credited into this account by the last working day of the month in various branches. Individuals employed in the Army, Navy, Air Force, and Coast Guard are eligible for opening this type of account.
The following individuals are eligible to apply for the Cent Param Salary Account:
Particulars | Charges |
Account opening charges | Nil |
Minimum balance requirement | Nil |
Internet banking | Nil |
Standing Instruction facility | Nil |
Credit Card annual maintenance fee | Nil |
ATM/Debit Card | Nil |
Cheque book facility | Nil |
Multi-city cheque leaf charges | Nil |
Remittances by Nepali Gorkha soldiers under NERS and INRS | Nil |
NEFT and RTGS facility | Nil |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
Yes, passbook is available for account holders as well as free updating at non-home branches is facilitated.
No, this facility is free of cost.
No, both NEFT and RTGS transactions are free of cost.
Yes, you will get a 25% concession in bank’s commission while buying gold coins.
No, the cheque book is provided for free by the bank.
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