In pursuance of its endeavour to provide value added services to the customers, Central Bank of India has launched a new Savings Account product, “Cent Savings Plus” on 10th June 2010.
Any person who opens an SB Account with any of its CBS enabled branches on or after 10th June 2010 and who maintain an average quarterly balance of Rs.10,000/- in the account will be provided with free accident insurance cover of Rs.100,000/-. (Rupees one hundred thousand). The account holder has to be in the age group of 18 – 65 years. The premium for the accident insurance cover is borne by the Bank.
Earlier the Bank had introduced Recurring Deposit Account with accident insurance cover which has received excellent response from the public.
For the accident insurance cover Bank has tied up with Cholamandalam M.S. General
Insurance.
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