Central Bank of India Indore - IFSC Code, Main Branch, Rates February 2024

Central Bank of India Indore

About Central Bank of India

Looking for a bank that can provide a whole kit of financial solutions to resolve all your problems. Then Central Bank of India is the correct choice. It is one of the oldest and largest Indian Bank. It is a government-owned bank that was nationalized in the year 1969. The bank has a PAN India presence with branches and dealing offices in almost all region of the country. It has a wide network of 4,741 branches and around 5,000 ATMs spread across the country. The bank even has 1 extension counter and 10 satellite offices at various centres throughout the length and breadth of the country. For the convenience of the public, the bank has also introduced the net banking and mobile banking services. Now, apart from the bank branches, the customers can avail the banking benefit from around the globe.
Central Bank of India provides a vast range of products to meet the diverse requirements of the consumers. Be it the need of saving for future, investments in wealth generating plans or taking credit to meet the urgent fund requirements, the bank has a ready-made solution for all. It has crafted unique products to fulfill the individual’s wants. Hence, catering the variant needs of its customers.

Address of Central Bank of India Branches in Indore

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

Branch NameComplete AddressIFSC CodeMICR CodeContact Number
Cloth Market, Indore
P.B. NO. 25, Sitlamata Bazar Street, IndoreCBIN02807634520160021800 200 1911
CFB Siyaganj

Phase I Mth Compound, Palika Plaza, Indore M.P.CBIN02807644520160040731-2540335, 0731-2540250
Mill Area, Indore
20, Y. N. Road, Mill Area, IndoreCBIN02807654520160030731-2540250, 0731-2434230
Moti Tabela (B.C.)

I, Bargal Colony Moti - Tabela Indore 452004CBIN02809774520160050731-2362793, 0731-2363512
Sanyogitaganj, Indore

153, Ravindranath Tagore Marg, Sanyogitaganj, IndoreCBIN02810974520160060731-2704275
Sudamanagar, Indore

Block 4 A, Sethigate Campus, Sudamanagar Road, IndoreCBIN02813844520160070731-2481674
Jankinagar, Indore
5/1, Jankinagar, Navalkha Road, IndoreCBIN02821224520160090731-2403911
Indore NBO
6/3 Race Course Road IndoreCBIN02827604520160011800 200 1911
Scheme 78 Indore

328 B.G. Scheme 74 C, P.O. Vijay NagarCBIN02831334520160110731-2559555
Sanyogitaganj Digamber Jain Panchayat Pathshala Samiti, Navlakha, IndoreDigamber Jain School Building , Near Zoo, Navlakha Road , Indore ( M. P. )CBIN00121224520160090731-2702912
Hitawad, Indore

3, Anand Nagar, Chitawad Road, Indore, Pincode: 452001CBIN02827544520160100731-2401348

440, Goyal Nagar, Near Bangali Square, P.o. Indore, Pincode: 452018CBIN0283639NON-MICR0731-2595624
T. Choitram Montesary High School, Indore
Manik Bag Marg, Dist - Indore, Madhya Pradesh - 452001CBIN0010977NON-MICR
Mid Corporate Finance Branch, Indore

323, Palika Plaza, 2nd Floor , Mthcamp, Indore, Madhya Pradesh, Pin - 452001CBIN0283827NON-MICR
Airport Road Indore

6, Vyanktesh Nagar, Airport Road Main, Indore, Dist - Indore, Madhya Pradesh - 452005CBIN0283895NON-MICR
1800 200 1911
Choitram, Indore

Manik Bag Marg, Dist - Indore, Madhya Pradesh - 452001CBIN0283953NON-MICR0731-2364146
Sanmati School, Indore

Central Bank Of India , Digamber Jain School Building , Near Zoo, Navlakha Road , Indore ( M. P. )CBIN0283961NON-MICR
Indore Regional Office

6/3, Race Race Course Road, Mahatma Gandhi Road Dist - Indore, Madhya Pradesh - 452003CBIN0281126NON-MICR
Indore Premier Co- Op. Bank Ltd. Indore24, Maharani Road, Indore (M.P.) Pin Code 452007CBIN0MPDCAONON-MICR

Products Offered by Central Bank of India in Indore

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 capacity8.55% - 9.10%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
confirmed/ permanent employees of Indian/ multinational companies having completed minimum 3 years of service
₹ 1,00,000 – ₹ 5,00,00,00012.30%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
7.25% - 7.70%-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
Blind Persons
Illiterate persons
Private Traders, Merchants, Agents, Professionals Partnerships Firms, Companies Clubs, Societies & Corporates
-2.75% - 5.50%-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

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%