Central Bank of India offers a range of banking services including personal banking, corporate banking, and international banking. The bank provides various deposit and loan products, including savings accounts, fixed deposits, personal loans and home loans etc. To support the large customer base, you can use the Central Bank of India net banking option which enables customers to avail of most of the banking services online, from anywhere.
Let’s know more about the Central Bank of India in this post.
About Central Bank of India
Central Bank of India is one of the oldest and largest commercial banks in India, established in 1911. It is a government-owned bank with its headquarters located in Mumbai. The bank has a wide network of branches (check Central Bank of India timings before visiting any branch to save time) and ATMs across the country, providing various financial services to its customers.
In today’s digital age, Central Bank of India has also introduced various online banking services for the convenience of its customers. With Central Bank’s online banking, customers can transfer funds, pay bills, view account statements, and check their account balance from anywhere and at any time. The bank has also introduced a mobile banking app (Cent Mobile) that can be downloaded on smartphones, making banking more accessible than ever before.
Services Offered by Central Bank of India
There are different kinds of banking services offered to the Central Bank customers having their savings account, viz.:
- Central Bank of India Net Banking – Net banking or internet banking is one of the most prominent and popular ways of banking nowadays. Central Bank also offers the same for fund transfers, balance enquiry, debit card PIN generation, hotlisting, opening of Demat accounts and more.
- Central Bank of India Mobile Banking – While netbanking works on the official website, mobile banking, as the name suggests, works on the mobile devices via mobile app. This is a quicker solution to online banking as the loading time is less with easy-to-understand user interface. You can check balance statement (mini statement), credit card statements, NEFT, IMPS and more.
- SMS Banking – To check Central Bank balance and for PIN generation among other services, SMS banking can be used. It is best when your internet connection is sparse, especially in rural areas.
- Online Loan Application – The Central Bank of India allows customers to apply for loans via their mobile banking app or internet banking, both. Some of the loans, like a pre-approved personal loan, require very little documentation and get disbursed in less time.
- Cards: The bank offers complementary debit cards to most of its savings accounts, basis the eligibility criteria and minimum balance. Similarly, credit cards are provided as well with reward points and cashbacks with other benefits.
These online services offered by the Central Bank of India provide customers with the convenience of banking from anywhere, anytime, without having to visit a branch.
Fund Transfer Options by Central Bank of India
Apart from cheque and cash, there are various other ways via which one can transfer funds. These include the likes of NEFT, RTGS, UPI and IMPS. These four are the most commonly used modes of fund transfer. Let’s know about these modes by the Central Bank of India:
NEFT: NEFT or National Electronic Funds Transfer is a deferred fund transfer system in which transfer requests are processed electronically in half-hourly batches. To transfer funds at an Central Bank branch, you will require Central Bank of India NEFT Form and also submit applicable NEFT charges as per the transaction amount.
Know More: About NEFT
RTGS: RTGS or Real Time Gross Settlement is, as the name suggests, a real time system of transferring funds electronically. Central Bank provides this option for both online as well as at-the-branch modes. While the online mode does not attract any RTGS charges, when doing the latter, it will require you to submit Central Bank RTGS form along with the
Know more: All About RTGS
Other options include UPI or Unified Payment Interface and IMPs or Immediate Payment System. While the IMPS option can be opted via netbanking, mobile banking as well as ATMs, UPI can only be done online. While IMPS does incur applicable IMPS charges, there are no UPI charges applicable to the customers.
Central Bank of India Balance Check
Customers having an account in the Central Bank of India can now check their bank balance by simply giving a missed on the following number:
09555 24 4442
It must be noted that this Central Bank of India balance check number must be dialed from the mobile number which is linked to your bank account.
Central Bank of India Customer Care
Customer care is a crucial aspect of any banking service, and Central Bank of India ensures that its customers receive the best possible service. The following is the toll free Central Bank of India customer care number:
1800221911
Customers can contact the customer care team through various channels such as phone, email, or through the bank’s website. For a quick overview of the last 3/5 transactions in your bank account, you can check your Central Bank of India mini statement as well which can easily be availed via call, SMS or online banking options.
Central Bank of India: Types of Accounts
Central Bank of India offers various types of accounts to cater to the diverse financial needs of its customers. The following are the different types of accounts available at Central Bank of India:
- Savings Account – This account is designed for individuals who want to save their money and earn interest on their savings. It offers features such as ATM card, cheque book, and online banking facilities.
- Current Account – This account is primarily meant for businesses and companies that have frequent transactions. It provides features such as overdraft facility, cheque book, and internet banking facilities.
- Fixed Deposit Account – This account allows customers to deposit a lump sum amount for a fixed period and earn interest on their deposit. The interest rates on fixed deposits vary based on the tenure of the deposit.
- Recurring Deposit Account – This account allows customers to save a fixed amount of money every month for a fixed period and earn interest on their savings.
Suggested Read: What is a Recurring Deposit?
- NRI Account – This account is designed for Non-Resident Indians (NRIs) who want to invest in India. It offers features such as online banking facilities, repatriation of funds, and tax benefits.
Along with these, there are other accounts as well like Demat account and pension account.
Also, read about other Banks:
Central Bank of India: FAQs
1800 22 1911 and 1800 202 1911 are the two toll free Central Bank of India customer care numbers. 1800 203 1911 is the Central Bank of India customer care number for pensioners exclusively.
To log into your Central Bank net banking account, you need to activate internet services in your account and then create your User ID and password which will act as the credentials.
You can get your Central Bank of India mini statement online via netbanking and mobile banking. Alternatively, you can also register for e-statements after which you will receive an email notification with a link to view and download your e-statement every month.
Type BALAVL <space> <Account Number> <space> <MPIN> and send it to 99675-33228. Alternatively, you can also check your Central Bank of India account balance by giving a missed call to 95552-44442 from your registered mobile number.