Central Bank of India Bhubaneswar

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About Central Bank of India

Founded by Sir Sorabji Pochkhanawala, Central Bank of India is the first bank fully established and managed by the Indians. Central Bank of India is truly a swadeshi bank that lives on people’s faith and regards itself as the people’s own property. It is a government-owned bank, established a century ago in the year 1911. It is one amongst the oldest and largest commercial banks in the nation. Over the years of service, the bank has earned a decent position in the banking and financial market by developing people’s trust. The headquarters of the bank is situated in Mumbai. The bank has a wide network of branches spread in all 29 states and 6 Union Territories.
Since the foundation, the bank has maintained its standards by implementing the innovative and unique banking ideas to meet the emerging financial requirement of the people. It caters the diverse requirements of the citizen of the country by providing the ready-made financial kit. It assists the people in wealth management and locating right investment plans that can help them yield good returns. To deliver the timely service the bank has leveraged modern and efficient technology. The bank was awarded Fintech India Award 2016 under category Mobile Banking at a function organized at Mumbai.

Address of Central Bank of India Branches in Bhubaneswar

The complete address, IFSC Code, MICR Code and customer care details of Central Bank of India branches located in Bhubaneswar is mentioned in the table below:

Branch Name
Complete AddressIFSC CodeMICR CodeContact Number
BhubaneshwarPlot No. 108 - B, Unit No. VII, Ground Floor, Suryanagar, BhubaneshwarCBIN0281234 7510160040674-2390718,
Janpath Bhubaneshwar

95, Janpath, BhubaneshwarCBIN02819697510160020674-2534655, 0674-2535307
Chandrasekharpur

S.E. Rly. Complex, P.O. Chandrasekharpur, BhubaneshwarCBIN02831847510160060674-2300605
Cuttack Puri Rd, Bhubaneshwar

Plot No 545/1707, Samantarapur, Lewis Road, P.O. - Old Town BhubaneshwarCBIN02834327510160070674-2341216
Nayapalli

Plot No - N1/257, IRC Village, C.R.P Square, Nayapalli, Dist - Khurda, Orissa - 751015CBIN02835307510160080674-2557555
Tribal Development Co.Op.Crpn.Of rissa Ltd. Bhubaneswar

T.D.C.C. Corporation Of Orissa Ltd., Bhubaneswar Rupali Chowk, Bhubaneswar - 751001CBIN0011969 NON-MICR0674-2543848
BJB Nagar Bhubaneshwar

84/A BJBagar, Near BJB English Medium School, Bhubaneshwar, Dist - Khurda, Orissa - 751014CBIN02830877510160030674-2310358
Saheed Nagar

T.D.C.C. Corporation Of Orissa Ltd., Bhubaneswar Rupali Chowk, Bhubaneswar - 751001CBIN0284013NON-MICR0674-2543848
Bhubaneshwar Regional Office

94, Janpath Unit No:111, Dist - Khurda, Orissa - 751001CBIN0281123NON-MICR
0674-2534125/ 2534388
Palaspalli

Plot No 241/A, Areodrum Area New Bapuji Nagar, City-Bhubaneswar Pin-751020CBIN0284818NON-MICR
022-22612008

Products Offered by Central Bank of India in Bhubaneswar

The Central Bank of India offers multiple loans and investment products that include home loan, personal loan, loan against property, vehicle loan, business loan, education loan and fixed deposits. The product details, eligibility criteria and documents required for each of the product are mentioned below:

Basic Details of Central Bank of India Products

Product NameEligibility CriteriaAmount Interest RateProcessing FeeTenure
Home Loan Eligible Entity – Individuals, group of individuals, salaried employees, self-employed persons, professional, any other person having a legal, identified and regular source of income
Age – The minimum age of the applicant should be 18 years
As per individual's repayment capacity8.45% - 9.45%0.50% of the loan amount subject to maximum ₹ 20,000Maximum – 30 years
Personal LoanPermanent employees of railways, government institutions, central and state government, schools, hospitals, municipal bodies etc .having completed one year of service
or
confirmed/ permanent employees of Indian/ multinational companies having completed minimum 3 years of service
₹ 1,00,000 – ₹ 5,00,00,00010.25% - 12.50%0.50% of the loan amount subject to maximum ₹ 10,0003 – 7 years
Vehicle LoanEligible Category : - Permanent salaried employees/ Self-Employed Persons / Independent Entrepreneurs -Farmers - Non - Indian Residents - Companies, Societies, Proprietorship and Partnership Firms
Age – Minimum age of the applicant should 18 years and maximum 65 years
Minimum Annual Income -For 4 wheeler ₹ 2,40,000, for 2- wheeler - ₹ 1,20,000
For New Car : ₹ 75,00,000
For Used Car: ₹ 10,00,000
For 2- wheeler: ₹ 10,00,000
8.70%-4 - 7 years
Loan Against PropertyMinimum age of the applicant should be 21 years
Maximum age of the applicant should be 70 years
Minimum Gross Income of the applicant should be ₹ 2,00,000
Minimum - ₹ 1,00,000
Maximum - ₹ 5,00,00,000
10% - 12% p.a.
0.50% - 1% of the loan amountUp to 10 years
Business LoanDepends on the scheme availedUp to ₹ 1,00,00,0008.75% - 9.50% p.a.Depends on the loan amountUp to 10 years
Education LoanThe student should be an Indian National
Should have scored as per the marking set by bank
Up to ₹ 20,00,0008.50%- 10.50% p.a.Nil - ₹ 1,000Up to 15 years
Fixed DepositAn individual either solely or jointly
A minor jointly with a major
A minor over the age of 12 years who can read and write and operate the account personally(Maturity value should not exceed ₹ 50,000)
Charitable and educational institutions
HUF
Blind Persons
Illiterate persons
Private Traders, Merchants, Agents, Professionals Partnerships Firms, Companies Clubs, Societies & Corporates
-

4.00% - 6.50%

-7 days - 10 years

Documents Required

Product NameDocuments
Home Loan Duly Filled Application Form with 2 Passport Size Photographs
Sale Deed & Agreement of Sale
Bank Property Valuation Report/Full Cost Estimate
Legal Scrutiny Report, Property Tax Payment Receipt, EC for the Last 13 Years, Khata and Permission for Mortgage
Age Proof - Passport, PAN Card or Any Other Certificate from Statutory Authority
Identity Proof - PAN Card/Passport/Voter ID/ Driving License
Residence Proof - Passport/Driving License/Voter ID/Ration Card/Telephone Bill
Income Proof - Salary Slip/ ITR, Latest Bank Statements
Other Documents - Title Clearance Report from Advocate & Valuation Report Prepared from a Bank Panel Member
Personal LoanLatest Photograph, Photo Identity & Residence Proof of the Applicant & Guarantor
Income Proof - Salary slips for last 3 months, ITR/ Form 16 for last 3 years (for salaried), Last two years profit & loss account and balance sheet, & ITR and Bank statement for last 3 months (for self-employed)
Vehicle LoanAge Proof - Passport/PAN Card/ Voter ID card, Photo Driving License with birth date/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
Identity Proof - PAN Card/ Voter ID/Passport/Driving License, photograph
Income Proof - Form 16 for last 2 years, Salary slip for last 3 months, proof of employment in the same organisation for two years, salary certificate, bank statement showing salary credit into the account (for salaried), IT returns for the last 2 years along with income computation, bank statement for the last 3-6 months (for self-employed)
Address Proof - Latest Telephone Bill/ Electricity Bill/ Property Tax Receipt/ Passport/ Voter ID
Sign Verification Proof - Driving License/ Passport copy/ PAN Card
Loan Against PropertyApplication form
Financial Statements in case limit is over Rs.10.00 Lakh
Copy of Sales Tax / VAT / any other Tax Registration if applicable
Details of Property offered along with the latest valuation
For existing business, statement of accounts maintained with other Banks
Business LoanProof of Identity: Voter’s ID Card/ Passport/ Driving License/ PAN Card/ Signature identification from present bankers of proprietor, partner of director (if a company)
Proof of residence: Recent telephone bills, electricity bill, property tax receipt /Passport/ Voter’s ID Card of Proprietor, partner of Director (if a company)
Proof of business Address
Last three years balance sheets of the units along with income tax/ sales tax returns etc. (Applicable for all cases from Rs.2 lakhs and above) However, for cases below fund based limits of Rs. 25 lakhs if audited balance sheets are not available, then unaudited balance sheets are also acceptable as per extant instructions of the bank
Copy of Sales tax / VAT /any other Tax Registration
Memorandum and articles of association of the Company/ Partnership Deed of partners etc.
Assets and liabilities statement of promoters and guarantors along with latest income tax returns
Rent Agreement (if business premises on rent) and clearance from pollution control board if applicable
SSI / MSME registration if applicable
Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan (for all cases of Rs.2 lakhs and above)
In case of takeover of advances, sanction letters of facilities being availed from existing bankers/ Financial Institutions along with detailed terms and conditions
Photocopies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities
Position of accounts from the existing bankers and confirmation about the asset being standard with them (Required only in case of takeover)
Education Loan Proof of identity - Passport, Voter ID card, Driving license, PAN card, Government department ID card
Proof of residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
Latest salary slip showing all deductions or Form 16 along with recent salary certificate
Bank Statement/Pass Book of last 6 months
Copy of admission letter or the Institute along with Fees schedule
Mark sheets/pass certificates of S.S.C., H.S.C, Degree courses
Fixed DepositProof of Identity - Passport, Voter ID card, Driving license, PAN card, Government department ID card
Proof of Residence - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement

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