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Central Bank of India introduces easier, hassle free processing for deceased claims

09 Jun 2021 Evaluate

Central Bank of India has introduced a new scheme for easier and hassle free processing of deceased claims. Now request for the claims can be placed on Bank’s toll free no 1800221911. Request can also be placed on our Bank’s website www.centralbankofindia.co.in under the ‘what's new and other services’. Claims upto Rs 1,00,000 or 50% of claim amount whichever is lower will be settled in three days upon receiving simple claim documents.

During the Pandemic there has been unexpected and untimely demise of citizens. Dependents of deceased customers having Bank accounts face lot of difficulties to claim their amount due to lockdown and other movement restrictions. Looking into the difficulties being faced by the claimants/legal heirs to visit the Branch for settlement of claims, Central Bank of India has introduced online process.

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.

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Company Name CMP
State Bank Of India 942.20
PNB 116.35
Bank Of Baroda 236.50
Canara Bank 118.90
Union Bank Of India 172.75
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