In your entire life, you earn quite a lot. Well, that’s very good of you.
Is only earning the end of the story? Definitely not!
Unless and until you secure it for future, money has got no role in your life. Now here comes the million dollar question. Where should you save the money?
Well, gone are the days when you kept your money in the safe of your houses.
When you have someone else taking up the responsibility of your money, why not depend upon them! Of course, it’s your money. So, the decision to is solely yours. But, you can still take a try.
Well, I was talking about the banking system so far. And the best in this business is our very own Central Bank of India. It has been doing a wonderful job for years.
Take a quick look at its profile.
Introduction to Central Bank of India (CBI):
With its birth in the year 1911, the Central Bank of India was considered as the first Indian commercialized bank. As you can guess by its name, the bank was completely owned and run only by the Indians.
Establishing a fully commercial Indian bank was like a dream come true for Mr. Sorabji Pochkhanawala. This entirely Swadeshi bank, besides its founder, had a lot many members in its core committee.
Its first chairman was Mr. Pherozesha Mehta.
After reaching a level of growth, Mr. Pochkhanawala, out of pride exclaimed that the bank was “the property of the nation and the country’s asset.” Further, he said, “Central Bank of India lives on people’s faith and regards itself as the people’s own bank.” Well, it must have been such a proud moment for the founder. And why not! After all, it is he who gave birth to the bank. So, in a way, he can be called a father to CBI.
Running for 106 years, the bank has gone through many ups and downs. Many challenges have come its way. Yet, CBI did not shut down its gates. It stood through all problems and fought like a hero. Kudos to the team of CBI!
CBI was clever enough to change every possible threat to opportunity. This is how they excelled over the years.
Want to know about some of the unique banking features of CBI? Follow the chart below:
|1921||Introduced home savings safe deposit scheme|
|1924||Introduction of a ladies department|
|1926||Safe deposit locker facility and rupee traveler’s cheque|
|1929||Setting up executor and trustee department|
|1932||Deposit insurance benefit scheme|
|1962||Recurring deposit scheme|
In 1969, the Central Bank of India got nationalized. Thereby, they introduced quite a good number of innovating banking schemes. They are as follows:
|1976||Establishment of merchant banking cell|
|1980||Introduction of the credit card of the bank|
|1986||Platinum jubilee money back deposit scheme|
|1989||Starting of housing subsidiary of Cent Bank Home Finance|
|1994||Quick cheque collection service and express service|
This is not the end. There are more pages to the story of Central Bank of India.
Just like its sister branch, the Reserve Bank of India, CBI to has spread its wings in the important areas like agriculture, small, medium and large scale industries. Further, the bank has taken a step ahead to promote employment among the educated youth with the help of their self-employment schemes.
In the space of Public Sector Banks too, CBI has acquired a good position. It is known as the All India Bank. This is because the Central Bank of India has spread its network in all the 29 states and in 6 out of 7 union territories in India. So, you can call CBI to be very promising in its business.
Presently, the Central Bank of India Home Loan accounts for a total of 4715 branches with 1 extension counter and 10 satellite offices throughout the whole country.
So, if you have to make judgments regarding CBI, ask your friends in the corporate houses like ICICI, IDBI, UTI, HDFC and the like.
Central Bank of India Personal Net banking Registration Process:
You agree or not, a mobile is very handy. Any time, you face a problem, pick up your mobile and make a call.
With the advent of Android phones, it is no doubt that you carry one.
So, to have Central Bank of India at your fingertips, the Central bank of India, has developed the Cent Mobile app. It is available for all the leading mobile operating systems (Android, Apple, iOS, Windows, Blackberry).
The app caters to all your banking requirements. The application is smart, simple and secured. You will not have any problem in handling the application.
Cent Mobile will offer you all the banking plans and even the recent ones. Only you need to update the app as and when required. Whenever there is some kind of new schemes introduced in the bank, you get a notification for the update. Update the app and facilitate the new scheme.
As the user, you can access to the app anytime and from any part of the world. However, there are two divisions in the case of mobile banking in CBI. One is the post login and the other the pre-login. Both differ in their features.
So, What do the Pre-Login Features Say?
- You find the list of branches and ATM locations.
- The location distances are projected with the help of a map.
- Interest rates for time deposits, retail loan scheme, and forex rates.
- Check your account balance and last few transactions over an SMS by giving a missed call.
- You can apply for a new savings account, retail loan and credit card facility.
- Constant notifications and alert messages when new schemes are launched or they are modified.
Now Comes the Features of Post-Login.
- Account details or account balance inquiry or a small statement.
- Transferring funds to several accounts in the CBI.
- Fund transfer to other bank branches with the help of NEFT or IMPS.
- Make payments of bills.
- Mobile recharge and DTH.
- Closing and opening of the time deposit account.
- Requesting for personal debit (ATM) card.
- Requesting for blocking debit and credit card.
- Link your bank account to your Aadhar number.
- Access to all functions relating to your checkbook.
- Registering online for getting account statements through email.
- Make donations through the app to various institutions.
- Enquire about the status of NEFT or IMPS.
- Debit and credit card controlling options.
Given below is a stepwise process of registering in the Cent Mobile app:
- First and foremost, download and install the Cent Mobile app available in Android and iOS.
- Now open the app. Click on the ‘new user’ option. This is particularly for new registration. Fill up the blank space with your CIF number. If you are ignorant about the CIF number, make a call to the bank’s customer care service and ask for it.
- After you have registered your mobile number, an OTP (one-time password) will appear on your phone. Enter the number.
- Next will appear a page. Click on the option ‘through ATM (debit) card’. Make sure that your debit card is fully active.
- Fill up the boxes with the details that have been asked. Provide your debit card number, its expiry date and finally click on ‘submit’.
- Now set your preferred user ID. The ID should contain at least 8 characters. At the same time, it should not exceed 20 characters.
- Next, set up the MPIN of 4-digit. This will remain as your login PIN number for the CBI mobile app. Next, set your TPIN. This is concerned only for the purpose of the transaction. Finally, click on ‘submit’.
And that’s it! Your job is done! Now, to log in, put the user ID and MPIN and press enter.
How to Create CBI Net Banking Password?
Carrying out the process of NET banking demands a security. Your password can be your only security guard for your bank account.
In fact, you must be aware of the hacking and fraud business in banks. Therefore, retaining you should be responsible enough to maintain the security of your bank account. For that, the only option that you have is to set up a tight password.
To create a CBI net banking password, go through the following steps:
- Step 1
First, go to the login page. Choose the link of ‘online password’. Do not enter the login credentials.
- Step 2
Now put up the valid CIF number that you have already set previously. Also, use that particular mobile number that has been registered from earlier. Then, click on the option saying ‘generate’.
- Step 3
The login password will be generated and sent to the mobile number that has been already registered. You will get a confirmation message soon.
- Step 4
Now, an OTP will appear in your registered mobile number. Make sure that you change it with 180 seconds time frame by logging into the account. Soon, you will notice that the altered password will be displayed on your screen.
- Step 5
The new OTP that you receive is the mobile right then is your current password. Enter the current password. For verification, re-enter it further and click on the option ‘submit’. Eventually, you will receive the confirmation address on the next page. You will notice that the login password has been changed successfully.
Steps to Activate, Register and Generate Transaction password in CBI Net Banking Services
The whole process of CBI net banking is dependent on three major steps, namely –
- Generation of transaction password
In the first lap, you have to go to the official website of Central Bank of India (http://www.centralbank.net.in/ ). From there, the account that you have created in the bank can be managed via the internet.
Simply logging in to the website of Central Bank of India will not do. You have to get yourself registered. For that, you need to go the branch of CBI. You will get a form of net banking. Fill it up. Provide the details as has been asked and submit it.
Soon you will get a User Id and Password. Use it while you are registering your account online.
Generation of Transaction Password
Net banking allows you to transact online. For transacting or making transfers online in a secured manner, you need to set up a transaction password.
With this password, you can transact money in a safe method. Before any fund transfers, enter the password and the user ID first. Then proceed with the steps further.
All the three major steps, as has been illustrated above, are dealt with in a stepwise manner below. The steps for all the three stages are the same.
You can easily access you Central Bank of India savings account through the process of net banking. It allows you to make fund transfers, check account balance and statement, place order for checkbook, apply for fixed deposit, and manage your debit card and a lot more.
But to avail the facility of CBI net banking, there are a few steps that you need to follow. These are the online registration process to activate your CBI net banking services.
Go through them below:
- Step 1
The very primary step is to enable net banking in your account. For this, you can pay a visit to the branch where your CBI savings account is created. The branch will provide you a net banking form to be filled up.
Fill it up and submit it to the respective counter. Instantly, you will get a CIF number. This will work like your user ID. To make the process work, wait for 24 hours.
- Step 2
Now visit the page of Central Bank of India. Click here: http://www.centralbank.net.in/. Under personal banking, click on ‘login’.
- Step 3
Next, go to the new tab and click on the option ‘online password’.
- Step 4
In the following page, enter the user ID that you received in the branch. Apply for your registered phone number too. Your User ID is equivalent to the CIF number. To cite an example while entering the mobile number, use the country code. Suppose your country code is ‘+91’. Put it prior to the mobile number. After you have finished entering all details, click on ‘generate’.
You will immediately receive a PIN number. Be very fast to see it and enter the PIN in your registered mobile number. Else, the number stands invalid after 180 seconds have passed away.
- Step 5
Open the page of net banking login. Enter the User ID (which is the CIF number) and login password (that is the PIN number). Make sure to enter only those numbers that have been recently sent on your registered mobile number. Finally, click on the login option.
- Step 6
In the next page, accept the terms and conditions applied by the Central Bank of India upon net banking. Click on ‘accept’.
- Step 7
Go to the next page. This is where you have to set up the login password. Enter the login pin number that you used just now. Then, enter the new pin number that you want to set. The new PIN number or password will be asked to be re-entered. This is done for a confirmation.
- Step 8
Now you need to set up the transaction password. This is not similar to the one that you have set so far. This password will be used only for the purpose of making monetary transactions through various methods. Also, this number works as an authentication mark and a security too.
When you have to generate transaction password, log in to the Central Bank of India’s net banking page. For this, you will need the CIF number and login password.
- Step 9
Now, click on ‘others’ followed by ‘options’ and then go to ‘transaction password generation’.
- Step 10
Now, put the registered mobile number and user ID. Do not forget to use the mobile number with the country code in front it.
- Step 11
You will find a popup box appear. Click on the OTP and enter the OTP number that has been sent to your mobile recently.
- Step 12
You will get the OTP number in your registered phone number. Enter the OTP and click on submit.
- Step 13
Then, you will be redirected to the page of transaction password setup. Another OTP number will pop up in your registered phone number. Enter this OTP in the box of ‘new transaction password’. Re-enter it again, in the box below it. The second attempt is for the purpose of verification of the transaction password.
- Step 14
That’s the end of the story. Your transaction password to is set up successfully. So, you are ready to use the internet banking facility of Central Bank of India.
Henceforth, join the Central Bank of India and use their net banking system. It is super easy and simple. Follow the steps as has been mentioned in this article and you will succeed in transacting at any time and from any part of the world.
Raj Kumar is a qualified business/finance writer expert in investment, debt, credit cards, Passive income, financial updates. He advises in his blog finance clap.