Public sector lender Central Bank of India is planning to take its reverse mortgage scheme for senior citizens to other cities like DehraDun and Pune too.

"Our initial response to the reverse mortgage scheme for senior citizens is very encouraging. We are now launching it in cities like Pune and Dehra Dun where we find a lot of scope," said R K Dubey, Executive Director of the bank.

This scheme is expected to generate business worth Rs 100-200 crore for the bank in the upcoming few years. The scheme allows senior citizens to avail pension against their property.

It is like a normal mortgage scheme but here, instead of the customer paying the bank, the latter pays to the customer who is 60 years of age or more against his property for the time he lives.

The door step banking launched by the bank is also gaining momentum, said Dubey. "We are also expanding this scheme to other cities also," he said.

After computerising all its branches, the bank is now all set to computerise its 7 RRBs, which are having nearly 1,700 branches, he added.