April 26, 2023

Central Bank of India (CBI) Net Banking - Login, Registrations, & Online Banking

Founded in 1911, Central Bank of India is one of the oldest public sector bank in india
with an asset base of ₹369,214.99 crore
(FY2021).
Headquartered in Mumbai, the bank has a strong domestic presence with ~ 4528 ( as on December 2021) branches spread across rural and semi-urban areas within India.
As a public sector undertaking, the Government continues to remain the majority stakeholder with its share pegged at 93.08% (as on June 30, 2021.).
Central Bank offers net banking services to all its registered customers through its web portal, https://www.centralbank.net.in
It has an exhaustive portfolio of online services comprising:
Check account Balance and Download account statement.
Facility to generate customised account statements
Tax payments
Online application of IPO
Online Aadhar registration
Online payment of credit cards
Multi utility fee collection
E-Filing of ITR returns
Transaction profile setting
Term deposit account modelling & opening
DeMAT enquiry
Fund Transfer: Own account, within Bank, Other Bank through NEFT/RTGS/IMPS
Hotlisting of ATM Cards
Online Locker request
Registration for PMJJBY / PMSBY
Registration for Atal pension yojna.
PMNRF Donation
Cheque book Request
Stop Cheque request
Donation

These above mentioned services can be availed by all retail customers in the following formats:

View only facility

As a Central Bank net banking customer, you can only enquire and view your account statements. No transactions are permitted under the ' ' view only facility'.

View and online payment

In this format, the customer can view his/her account details online as well as make utility bills and tax payments.

Full Transaction rights

As the name suggests, the customer has full access to transfer funds, view account statements as well as make online payments.

In case of corporate/business customers, Central Bank of India, netbanking offers additional features such as maker/checker, Bulk upload etc.

Currently, the registration for the Central form Bank of India net banking account is only through its branches.
The customer needs to visit his/her nearest branch and fill in the application form.
Once the form is duly filled the branch provides the customer with a user ID.
You can now generate a password online and begin accessing your account online.

Frequently Asked Questions (FAQs):

Q. What are the prerequisites for accessing my net banking account with CBI?

To access your net banking website, you need a functional desktop or Laptop with browsers such as Internet Explorer – 11, Chrome – 30 & above, Mozilla – 27 & above, and Safari – 5 & above with a reasonably good internet connection.

Q. How secure are the transactions with CBI net banking?

Central Bank of India has invested in technology to provide a comprehensive, seamless, safe and secure online banking solutions to its customers.

For example, all transactions are validated at two consecutive check points:

Authenticating User ID + Password and one of the chosen second factor (such as OTP / GRID Card / Digital Signature)
At times on finding some change in customer usage pattern another authentication in the form of a security question may be asked by the system.
Further any fund transfer outside the Bank is possible only after beneficiary addition which becomes active after a cooling period of 4 hours.
SMS alerts for all transactions are sent to the registered mobile number.
The customer can convert accounts to view only in case of any suspicious activity.

Q. What are the steps to generate login/transaction password online?

Steps to generate login password online:
To begin with, login to CBI's web portal,http://centralbankofindia.co.in and press the 'online password' link.
You can now type your user ID and mobile number registered with the branch prefixed by 91 (total 12 digits).
Then press the tab ' generate' and click next.
You will receive a one time password which will remain active for a limited time frame of only 3 minutes.
You then quickly login and reset this password with a cryptic password within 3 minutes.
Once you have logged in click on the Transaction Password Generation link under the Options menu in CBI and enter your mobile number prefixed by 91 (total 12 digits). Click on generate.
You will receive a one time password which is active for only 3 minutes.
Change the OTP and set the transaction password in the next interface displayed within 3 minutes

Q. How can a customer resolve concerns related to his/her CBI's net banking password generation?

The customer has to approach the nearest CBI branch admin to resolve concerns related to online password generation as the
Branch admin has to change the status of PIN through the admin module, hence a visit to the branch is necessary.

Q. How to add a beneficiary for fund transfer?

As a prerequisite, customers should have 'transaction access' for the purpose of adding beneficiary and fund transfer.
Once you have acquired the necessary access, just login to CBI's web portal, http://centralbankofindia.co.in and navigate to Fund Transfers.
Then click the 'Add Beneficiary' tab and select the option from CBI/Other Bank.
Enter either Bank Name& Branch name or IFSC code, nickname of the beneficiary must be unique without any blank spaces.
Fill in the other mandatory fields and click on Submit.
Customer has to enter three grid values after confirming to add beneficiary details.
Beneficiary is added after Grid authentication gets successful.

Q. What is a grid card?

In simple terms, a grid card is an authentication tool used for securing user logins.As the name suggests, the grid has rows and columns or cells with unique numbers.
Only those CBI's online banking customers having transaction rights need to collect the linked and enabled Grid card from the bank branch.
While generating transaction passwords and doing a fund transfer, the customer has to enter three values which are mentioned on the back of card for e.g. C5 means column C and row 5.
It is important to note that if the customer enters wrong grid values, Grid authentication will fail and three consecutive failures will lock the Grid Card.

Q. What to do if my CBI's netbanking account is not visible on my home page?

Typically, this error arises when the customer after logging into CBI's web portal home page presses the menu items before the accounts summary is loaded.
In such a scenario, you need to wait seconds (5 to 10 seconds) until the account's summary is displayed on his homepage.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

What is a Banking & How it Works - Meaning, Functions, & Types

Banking is an essential component of a thriving economy as it facilitates the efficient allocation of resources and promotes financial stability. The banking system in India has undergone significant transformation in recent years. These transformations have now given all individuals and businesses the opportunity to access various banking options. This article glances at how banking works. The article further gives some guidance on choosing the best bank to suit your independent needs.

What is the RTGS Full Form?

- An over budgeted hotel stay- need funds at an odd hour and that too on a holiday to foot the bill. - Medical emergency- need funds to foot the hospital bill. - Last minute buy from the duty free shops at the airport- need funds to buy surprise gifts for the family. - As a corporation, I need to make large value and regular fund transfers to employee salary accounts and payment to vendors and other channel partners etc. In all the above situations, you can utilise the payment gateway backed by the RBI, to transfer funds electronically from one bank account to the other on a real time basis using RTGS, Real Time Gross Settlement facility. Available, everytime ( 247365), everywhere, you can transfer amounts of ₹2 lakh (minimum threshold limit) and above and the amount would reflect in the beneficiary's account within 30 minutes through a safe and secure payment gateway, thus eliminating the possibility of losses, thefts, or fraudulent encashment of funds. It is important to note that while there is a minimum threshold amount limit, there is no maximum limit for amount transfer and that all RTGS payments are non-revocable and final. This facility can be availed by both retail and corporate customers and the RTGS fund transfer can be done electronically ( internet or mobile), free of charge or through the bank branch, at a nominal service charge ( maximum amount capped by the RBI) which is to be borne by the sender. The beneficiary is not liable to pay any service charge. Amount Service charge ₹2 Lakh – ₹5 Lakh upto ₹24.50+GST ₹5 Lakh & above upto ₹49.50+ GST The service charges (₹24.50 and ₹49.50 ) per RTGS transaction is capped by the RBI. Banks may charge service fees lower than the capped amount.

What is the Money Market: Meaning, Instruments Types & How its works

The market with very safe, highly liquid short-term debt securities is known as the money market. It involves substantial transactions among dealers and institutions at the retail level. High levels of safety and low investment returns are features of the money market. The Money Market can successfully be considered one of the foundational elements of the world financial system. It includes substantial cash transfers overnight between the government and financial institutions, although an overwhelming majority of money [trading](https://upstox.com/brokerage-charges/) activities are wholesale and retail exchanges between businesses and financial institutions. The government typically plays a vital part in the money market, functioning as both a borrower and a lender. It frequently uses this status to affect the amount of money available and interest rates through its monetary policy. The international money market makes it easier for nations to lend money to one another and borrow it again. The money market is, thus, distinct from the rest of the financial sector, which focuses on medium- and long-term lending. For money market purposes, the term "money" refers to a variety of assets as well as bank notes.

E-RUPI Contactless Digital Payment Platform - Meaning, Benefits & How Does Operate

The Government Of India appears to have created a strategy to harness digital infrastructure to ensure leak-proof delivery of its welfare packages. The concept is simple and utilized in the United States, Hong Kong, and various other countries: prepaid vouchers for specified uses. As a trailblazer in fintech, and given its tendency for techno-solutionism, India is doing something similar by launching a new payment system. The digital voucher-based electronic payment system known as "e-RUPI" is expected to be the first step toward creating a digital currency.