It enables depositing of excess funds into the home loan account and saves interest, Central Bank of India said in a statement.
At the same time, the excess amount so deposited remains available for use in case of need. Besides, it can be used for purchase of land, vehicle, holidays, tours and travel.
The other product, Aspire Deposit Scheme, helps customers enjoy the liquidity of their fixed deposits even while it continues to earn interest, it said.
It enables depositors to get a premium credit card without submitting any income proof, it said, adding that the bundled card offers free credit period up to a maximum of 55 days.