The minimum balance required in Central Bank of India varies depending on the type of account and the location of the branch. Here are the details based on the search results:
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CENT Bachat Khata: An account can be opened with an initial deposit of Rs.50/-. The minimum balance required is also Rs.50/-, and there are no service charges for non-maintenance of the minimum balance.
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Home Saving Safe Accounts (H.S.S): The minimum balance requirement is based on the quarterly average balance. The amount varies depending on the location of the branch. As of August 2019, the service charges also vary from time to time.
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Central Bank of India Savings Account: The minimum balance required for this account varies depending on the type of account and the location of the branch. Here are the details based on the search results:
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For Cent Balbhavishya savings accounts, the minimum balance is Rs.1000 for urban and metro branches and Rs.500 for rural and semi-urban branches.
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For Cent Samvridhi Savings Account, the quarterly average balance required is Rs.25,000.
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For Normal Current Account, the quarterly average balance required to be maintained varies depending on the location of the branch. For example, it is Rs.3000 for rural and semi-urban branches, Rs.5000 for urban branches, and Rs.7000 for metro branches.
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For other types of savings accounts, the minimum balance required can be as low as Rs.50.
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In summary, the minimum balance required in Central Bank of India can range from Rs.50 to Rs.25,000 depending on the type of account and the location of the branch.
