One of the Public Sector Bank alternatives in India is CBI (Central Bank of India). This bank is preferred by many individuals who are busy during the day due to the personal online banking service it provides. Because with personal online banking service, it is possible to perform all different transactions such as Apply Loan / Track Status, Mobile Banking, MPS, Online Locker Application by not going to the bank personally. What’s more, with the Bharat Billpay service, you’ll be able to pay all your bills online and generate an automatic debit authorization if you wish.
Central Bank of India Reviews
Central Bank of India provides individual and corporate customers extra advantages, especially in the areas of premature withdrawal and tax savings. Especially for corporate customers, the tax-saving option is very important. Because taxes can cause a corporation’s total profit rate to drop considerably.
Crisil Rating System
Central Bank of India has 4 points out of 5 in the Crisil rating system.
The products and services offered by the Central Bank of India are quite diverse. If you need to list some of these, it is possible to talk about services like Online Password Generation, Missed Call, M Passbook, ASBA, DEMAT, Fee Collection, Tax Payer’s Corner, Online Share Trading.
With the option of opening an online account through the system, you can start the transactions immediately and complete the pre-application procedures.
The interest rate determined by the Central Bank of India varies between 6.5% – 6.6% in NRI FD transactions. In other transactions, the interest rate determined by the bank may vary between 4.75% – 7.1%.
Another feature of the alternatives offered by the Central Bank of India is that they are NRO deposit friendly.
It is possible to pay all your bills such as Water bill, Gas Bill, Credit Card and Electricity through the BillPay system of Central Bank of India.
Central Bank of India FAQs
Tenure range determined by the Central Bank of India varies between 1 Year to 10 Years - 7 Days to 10 Years. In addition to that, the deposit range determined by the bank is determined as Up to ₹1Cr.
There are different types of necessary documents for different Central Bank of India applications. However, it can be said that, generally, some common documents are important. Here are they:
- Indian & overseas address proof
- Employment visa
- Residency card
- Self-attested photocopies of Passport
- Valid work permit