Central Bank of India identifies 350 branches in coastal areas for aqua financing


Central Bank of India identifies 350 branches in coastal areas for aqua financing

"We are now moving onto the agri related industries like processing. In coastal areas, we have identified around 350 branches where we are bringing only aqua financing from the rural centres," M V Rao, MD & CEO, Central Bank of India, said in earnings call with analysts post June 2021 quarter results of the bank.

Up until now, this was not allowed; the senior citizen would have to visit the post office branch to make withdrawals/close accounts, make premature withdrawals from post office schemes. Given below is the procedure that needs to be followed by the senior citizen to nominate an authorized person on their behalf.


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