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Facilities for Pensioners

Central Bank of India is having wide network of the more than 4500 Branch in Pan India. Centralised Pension Processing Centre with dedicated staff working in Central Office for processing of pension. Centralised TDS calculation of pension is being done by us & Form 16 is available at Home Branch.

a.

Access of Services

Mobile Banking /Net Banking/ ATM Card facilities can be availed by the pensioners.

b.

Doorstep Banking Services

We  are  providing  Doorstep  Banking  Services  to pensioners  at  1038  centres  at  nominal  Charges  for financial and non-financial transactions.

 

Grievance Redressal System and its average clearance rate.

Complaints related to pension can be lodged through Bank Portal/CPGRAM/INGRAM etc. We have a dedicated Grievance Redressal System. Average Clearance Time : 

 

 

Branch level-TAT-7 DAYS.

 

 

R.O level-TAT BEYOND 7 DAYs.

 

 

Z.O level-TAT BEYOND 14 DAYS.

c.

 

C.O level-TAT BEYOND 21 DAYS.

 

Average  time  taken  to  process change of branch by the  pensioner if required.

1.  In our Bank-one branch to another branch- within a day.

d.

 

2. From our Bank to another Bank- within a fortnight.

e.

Dedicated Counter at branches for Senior Citizens

Dedicated counter is available at our bank branches nationwide.

f.

Loan to pensioners

Pension loan on the basis of monthly pension is available to the pensioners. We are also offering Home Loan, Car Loan, Education Loan, Mortgage Loan etc.  to the pensioners at competitive rate of interest.

g.

Interest on FD

We offer additional rate  of  interest  of  0.50%  in Addition to normal rate of interest to Senior Citizen Pensioners.

h.

Average time  taken  for  crediting First pension.

We credit  the pension within 30  days  of receiving PPO.

i.

Submission of Annual Life Certificate

Life Certificate/Non employment Certificate/ Non marriage Certificate can be submitted at Home Branch or any other nearest Branch in physical form.  DLC (Digital Life Certificate) can also be submitted from  anywhere in Pan India  through Video KYC  at https://vkyc.centralbank.co.in/plc  and Jeevan Pramaan Portal through link  https://jeevanpraman.gov.in

j.

Provision for pension slip

Pension slip sent on registered mail id. It can be extracted through net banking facility.