CENTRAL BANK OF INDIA IFSC Code

Central Bank of India is one of the oldest and largest public sector banks in India with a distinguished history spanning over 113 years. Established in 1911 in Mumbai, the bank was founded by Sir Sorabji Pochkhanawala with the vision of creating a truly swadeshi bank. Today, Central Bank of India operates through over 4,500 branches across India, serving millions of customers.

Pioneering History

Central Bank of India was founded on December 21, 1911, making it one of the first commercial banks to be established entirely by Indian capital. The bank's founder, Sir Sorabji Pochkhanawala, was a visionary who believed in Indian enterprise and self-reliance. The bank played a significant role during India's freedom movement by supporting Indian businesses and entrepreneurs.

Central Bank of India has many firsts to its credit - it was the first Indian commercial bank to be wholly owned and managed by Indians, the first to introduce a sports division, and a pioneer in agricultural finance. The bank was nationalized in 1969 and has since expanded its reach across the country.

Banking Products and Services

Central Bank of India offers a comprehensive range of banking products for individuals and businesses. Personal banking services include various savings accounts like Cent Bachat, Cent Sanchay, and Cent Swabhimaan, each designed for different customer needs. The bank offers attractive interest rates on fixed deposits and recurring deposits.

Loan products include home loans under the Cent Home scheme, car loans, personal loans, education loans, and gold loans. The bank offers competitive interest rates and flexible repayment options. Central Bank also provides specialized loan products for women, senior citizens, and pensioners.

Cent Mobile and Digital Banking

Central Bank of India's digital banking is powered by the 'Cent Mobile' app, which offers comprehensive banking services including account management, fund transfers, bill payments, and UPI transactions. The app allows customers to check balances, view statements, and perform various banking operations from their smartphones.

The bank's internet banking platform 'CentNet' provides secure access to banking services for retail and corporate customers. Central Bank has invested in upgrading its digital infrastructure to provide seamless experiences across all channels.

Agricultural Banking

Central Bank of India has a strong focus on agricultural lending, continuing its pioneering tradition in this sector. The bank provides crop loans, farm mechanization loans, irrigation loans, and loans for allied agricultural activities. The Cent Kisan Credit Card provides farmers with flexible credit for their agricultural operations.

MSME and Business Banking

Central Bank actively supports the MSME sector with various loan products designed for small businesses. The bank offers working capital loans, term loans, and credit under government schemes like Mudra. Dedicated MSME branches provide specialized services to business customers.

Corporate Banking

Corporate banking services include project finance, working capital finance, trade finance, and treasury services. Central Bank supports industrial development and infrastructure projects through its corporate banking division.

Financial Inclusion

Central Bank of India actively participates in financial inclusion initiatives. The bank has opened millions of Jan Dhan accounts and provides banking services in rural areas through its branch network and Business Correspondents. The bank is committed to bringing banking to every corner of India.

Awards and Recognition

Central Bank of India has received recognition for its banking services, digital initiatives, and contribution to financial inclusion. The bank continues to uphold its founding principles of serving all sections of Indian society.