Central Bank of India Fixed Deposit in Kochi
Last Updated : June 14, 2017, 5:40 p.m.
About Central Bank of India Fixed Deposit in Kochi
Central Bank of India is one the top banks of the country that work for the betterment of its people. It provides ample products to assist the people in financial management. One among those is fixed deposits. By investing in the fixed deposit the people can get guaranteed returns at the rate mentioned by the bank at the time of making a deposit.
Central Bank of India Fixed Deposit in Kochi at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | 2.75% - 5.50% |
| Minimum Investment Amount | ₹ 1,000 |
| Tenure | 7 days to 10 years |
Eligibility Criteria
Fixed deposits can be booked by anyone and everyone. However, the benefit of Central Bank of India fixed deposits can be availed by the following:
- An 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
- Charitable and educational institutions
- HUF
- Blind Persons
- Illiterate persons
- Private Traders, Merchants, Agents, Professionals Partnerships Firms, Companies Clubs, Societies & Corporates
Documents Required
In order to book a fixed deposit, the candidate needs to submit the following documents:
- 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
Visit Fixed Deposit Kochi for more details.
Address of Central Bank of India Branches in Kochi
The complete address, IFSC Code, MICR Code and customer care details of Central Bank of India branches located in Kochi is mentioned in the table below:
| Product Name | Eligibility Criteria | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| 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 capacity | 8.55% - 9.10% | 0.50% of the loan amount subject to maximum ₹ 20,000 | Maximum – 30 years |
| Personal Loan | Permanent 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 – ₹ 5,00,00,000 | 12.30% | 0.50% of the loan amount subject to maximum ₹ 10,000 | 3 – 7 years |
| Vehicle Loan | Eligible 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 | 7.25% - 7.70% | - | 4 - 7 years |
| Loan Against Property | Minimum 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 amount | Up to 10 years |
| Business Loan | Depends on the scheme availed | Up to ₹ 1,00,00,000 | 8.75% - 9.50% p.a. | Depends on the loan amount | Up to 10 years |
| Education Loan | The student should be an Indian National Should have scored as per the marking set by bank | Up to ₹ 20,00,000 | 8.50%- 10.50% p.a. | Nil - ₹ 1,000 | Up to 15 years |
| Fixed Deposit | An 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 | - | 2.75% - 5.50% | - | 7 days - 10 years |
