Central Bank of India Home Saving Safe Accounts

Central Bank of India’s Home Saving Safe Account is designed for individuals and institutions to manage small savings and daily expenses. It offers free internet banking, debit card, nomination, SMS alerts, and more. Account holders enjoy inter-branch fund transfers and ECS facilities as per bank terms.

Check FREE Credit Score

Overview of Home Saving Safe Accounts:

Central Bank of India offers a savings deposit that lets you deposit your Small Savings and use the same for your everyday needs. Customers falling in the following categories may open a Home Saving Safe Accounts:

Either an individual or multiple individuals can apply jointly
A minor can apply jointly with a major
A minor who is above the age of 12 years (must be literate and able to operate the account).
Educational and charitable institutions (under the condition that they do not conduct any business)
HUF
Individuals who are blind
Individuals who are illiterate
Organizations / bodies/ agencies that are permitted to open saving account

Bank	Central Bank of India
Category	Home Saving Safe Accounts
Debit Card Offered	Central Bank of India Debit Card is given with this account. Funds can be withdrawn using the card
Interest Rate	As prescribed by Reserve Bank of India, the interest rate at present is 4 % p.a.

Check FREE Credit Score

Services Offered with Central Bank of India Home Saving Safe Accounts:

The following services are provided with Home Saving Safe Accounts:

Nomination Facility	Nomination facility is available with this type of account.
Cheque Collection	Cheque collection facility is available
SMS alerts	When there are deposit / withdrawal in the account of more than Rs.5000/-, SMS Alerts will be sent to the customer
Cash Withdrawal	Cash withdrawal can be done through cheques, withdrawal slip ( Along with Pass Book ) and through ATM Debit Card.
Internet Banking	Net Banking facilities are provided at no extra cost.
ECS ( CR/DR ) facility	ECS ( CR/DR ) facility is available with this type of account. This may be chargeable from time to time.

Check FREE Credit Score

Features of Home Saving Safe Accounts:

Below are some of the free features and benefits of Central Bank of India Saving Accounts:

Inter Branch Fund transfer facility	This type of account allows for Inter Branch Fund transfer facility in CBS
At par cheque facility	Yes
Internet Banking	Yes
Debit card	Debit cum ATM Card is available with the account to withdraw cash
Stop Payment	Yes
Standing Instructions	Yes

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

Check FREE Credit Score

Savings Account Popular Pages

Savings Account Trending Pages

Disclaimer

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Explore More:

Credit Card:

Credit Score:

Personal Loan:

Home Loan:

Fixed Deposit:

Calculator:

Learn More:

Others:

Mobile Apps:

support[at]bankbazaar[dot]com