MMDC (Money Multiplier Deposit Certificate): Here there is the privilege of adding or multiplying your deposit exponentially. This is because the interest keeps on adding to total principal amount thus giving that extra advantage of letting the deposit to increase with great boost.
The Cent Uttam Scheme: This is considered as a highly useful scheme, since this allows the withdrawer to withdraw a part of the deposit whenever you fell like. This means the deposits offer easy liquidity, but only a fraction or part of it but with high return. This means the scheme is useful for those who want to withdraw money in between.
However, for each of the above deposits and the other kinds of deposits which have been mentioned, there is a long list of rules. One has to go through all of them to understand how the rules and restrictions work.
Cards Facilities
Central Bank of India offers different kinds of card schemes, which have been discussed below:
Centalcard Scheme: There are different merchandise establishments all over the country. With the centracard you can go for shopping in those places. But remember, the offer is valid only in India and in any part of India. For an internal facility, you have to use the International Central Master Card.
Centralcard Electronics Scheme: The various terminals of master credit cards, you can use the Central bank type credit card which will be accepted. However, it is also accepted in Nepal. This means the card is acceptable for both domestic and also global purposes.
Debit Card Scheme: Use the Central Bank debit card and you have access to about a total of 5.3 millions total merchandise establishments. The card is usable for 24 hours a day and provides the most secure way of accessing your account anywhere ypu are in the world. There are about 6 millions ATMs thus allowing you access to any of them without any hassle.
Hence it can be added that the credit card schemes are most convenient and full of privileges especially when offered by Central Bank of India.
Loans Facilities
- Education Loans
- Housing loans
- Special educational type Loans
- Car Loans
- Agricultural Loans
- Loans for Teachers and Pensioners
- Trade Loans
- Computer Loans
- Car loans
Hence, it can be said that different people from walks of life can benefit from the loans.
Other Kinds of Services:
- Cash management services
- Travelers Cheque
- Cent Bill pay
- Special services
- Gift Cheques
- Mutual Funds
- Depository Service
E-payment Services:
- West Bengal State Govt Tax
- Online Bill Payment
- Collection of Direct taxed
- Service Tax Payments
- DGFT Online E-payment
Net Banking Services
Since Central bank of India caters net banking services. Therefore you can avail all the above services by logging onto websites and into your banking account. This will help you to retrieve information regarding any kind of service that you feel like. Besides, you get a great deal of information on stock price, issue price, share value, share price, stock price. Therefore you can use that information from the comforts of your home. You can also make out any kind of enquiry regarding allotment status, money control, recruitment procedure, IPO fund and much more.
Central bank of India entails a lot of informative services that help in every individual’s financial growth. If you log onto its website, you can get a great deal of information that will be convenient for every individual to enable in personal and financial development, which in turn will enable in overall country’s development.
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