Central Bank of India is a government-owned bank, is one of the oldest and largest commercial banks in India. It is based in Mumbai .

The bank has 4730 branches, 5319 ATM's and 4 extension counters across 27 Indian states and three Union Territories. At present, Central Bank of India has overseas office at Nairobi, Hong Kong and a joint venture with Bank of India, Bank of Baroda, and the Zambian government.

Central Bank of India has approached the Reserve Bank of India (RBI) for permission to open representative offices in five more locations - Singapore, Dubai, Doha and London

Advantages-

Credit Unions typically pay higher dividend rates on savings

Credit Unions typically offer lower rates on loans

Credit Unions typically provide better service; since they are owned and governed by their membership, they tend to prioritize the needs of their members above all else

Credit Unions operate on a not-for-profit business model, so excess earnings are returned back to the membership in form of competitive rates and lower fees, and sometimes even special dividends

Many Credit Unions offer the same products and services found at banks

Credit Unions often have added-value benefits, such as free financial education, discounted theme park tickets, and special member rates for services such as home alarm systems...even discounts at online retailers like Barnes & Noble.

Important functions of central bank of India are as follows:

1. Currency Authority (Bank of Issue)

2. Banker to the Government

3. Banker’s Bank and Supervisor

4. Controller of Money Supply and Credit

5. Custodian of Foreign Exchange Reserves.

Customer service: 1800 200 1911