Central Bank of India (CBI), one of the oldest state-run banks is likely to close those accounts which have zero balance as in certain accounts, there are no financial transactions during the last 12 months.
As there was also zero balance in these accounts, it was evident that the account holders do not want to maintain their accounts with the bank for financial transactions so the bank has decided to close all such accounts.
Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3656 branches and 178 extension counters at various centers throughout the length and breadth of the country.
