Central Bank of India (CBI) Saving Account Minimum Balance Limit & Charges

Central Bank of India was established in the year 1911. The bank was nationalized by the GOI in the year 1969. The headquarters of the bank is located in Mumbai. Currently, Central Bank of India operates a total of 4730 branches and 5319 ATMs in three 27 states and 3 union territories in the country.

The bank also has overseas branches in Hong Kong and Nairobi.

Central Bank of India offers the following types of savings account with different features and minimum balance requirements.

CENT Bachat Khata

The minimum average quarterly balance for this type of savings account is Rs 50. There is no service charge for failure to maintain the minimum balance. The account can be opened in the name of a minor aged 12 and above with a guardian.

CENT Balbhavishya

The minimum aggregate balance in the account in each half year is as follows.

  • Urban and metro branches- Rs 1000/-
  • Rural and Semi-urban branches- Rs 500/-

CENT Salary Saving Scheme

The minimum balance requirement is zero. There are no maintenance charges.

CENT Savings Plus Account

The minimum average quarterly balance limit in this account is Rs 10,000. A penalty of Rs 100 is imposed if the account holder fails to maintain this amount.

CENT Premium

The minimum average quarterly balance required to be maintained in a CENT Premium savings account has been listed here.

  • Metro and Urban branches- Rs 100,000/-
  • Semi-urban and rural branches- Rs 50,000

Charges for not maintaining the minimum balance are as follows.

  • Metro- Rs 1000/-
  • Urban- Rs 750/-
  • Semi-urban- Rs 500/-
  • Rural- Rs 200/-

One thought on “Central Bank of India (CBI) Saving Account Minimum Balance Limit & Charges”

  1. I want to know that if I maintain balance but I have no any transaction within 8 month. My account will be activate or deactivate. Pls suggest me.

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