Overview to Savings Accounts:
A savings account is an essential tool for managing your finances effectively. It allows you to deposit money and earn interest on your balance, while giving you the flexibility to withdraw your funds whenever you need them.
At Central Bank of India, we believe that saving money should be easy, convenient, and rewarding. Our savings accounts are designed to cater to your unique needs and preferences, with features that offer a blend of convenience, flexibility, and security. That's why we offer a range of savings accounts to help you save more and reach your financial goals faster. We also offer instant account activation via Video Banking, which can be done easily from the comfort of your home.
Types of Savings Accounts:
At Central Bank of India, we offer a variety of savings accounts to help you save more and earn more, depending on your financial goals and requirements.
| HSS Account | |
| Central Bank's premier account, designed to offer a seamless banking experience through best-in-class features that take care of all your banking needs. Know more | |
| Avg. Monthly Balance | Interest earned |
| ₹ 500 - ₹ 2000 | Up to 10 cr -2.9% |
| Suited for | Special benefit |
| Individuals | Online video banking facility |
| Open account instantly |
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Benefits of Savings Account:
Central Bank savings accounts are designed to meet your day-to-day banking needs with several benefits:
- Attractive interest rates: Grow your money over time with one of the most attractive interest rates offering by one of India’s most trusted banks
- Easy access: Get 24*7 access to your savings account through a range of channels across mobile banking, internet banking and ATMs
- Digital activation: Open and operate a fully digital savings account from the comforts of your home using our video banking facility
- Exclusive offers: Get more than 400+ privileged offers and discounts across leading brands with your Rupay Platinum debit card
- Additional Benefits: Savings account holders of Central Bank of India can also get benefit of additional features such as free SMS alerts, discounts on locker facilities, and waiver of charges on your transactions.
Open Savings Account with Video KYC:
Opening a savings account with Central Bank of India is now easier than ever. With our Video KYC process, you can open a savings account from the comfort of your home, without having to visit a branch. Video KYC is a simple and secure process that lets you complete the account opening process in just a few minutes. Open account now
Steps to Open Savings Account Instantly:
- Click here to open your Digital Savings Account.
- Complete the online digital application
- Schedule a video call with our executive at a convenient time.
- Complete the video call to complete your KYC
- Fund your account and start using your savings account instantly!
Important documents required:
For Digital savings account opening:
- Aadhaar number
- PAN card
For offline savings account opening:
- Passport
- Driving License
- Proof of Possession of Aadhaar number
- Voter's Identity Card issued by Election Commission of India
- Job card issued by NREGA duly signed by an officer of the State Government.
- The letter issued by the National Population Register containing details of name and address
- PAN Card
Frequently Asked Questions (FAQ)
- Who can open a Savings Account?
A savings account with Central Bank of India can be opened by residents greater than 10 years of age, they can be Indian citizens, Hindu undivided families and even foreign nationals. Certain additional conditions may apply to the account type you are interested in.
2) How to open a Savings Account with Central Bank of India?
You can open a Savings Account digitally through the bank’s website or mobile application instantly. You can also visit a branch with required documents to open your savings account.
3) What rate of interest is offered for Savings Account?
The rate of interest may vary according to the account’s end-of-day balance, please visit the to interest rate section check the latest rates being offered.