The Nari Shakti Savings Account by the Bank of India aims to provide working women with a self-reliant financial avenue.
Bank of India has launched the Nari Shakti savings account tailored for women aged 18 and older who possess an autonomous income source. This account is crafted to offer exclusive benefits and advanced features, aiming to bolster their financial independence.
The features of the Nari Shakti Savings Account include:
- Personal Accident Insurance Cover: Women account holders are provided with an extensive personal accident insurance cover of up to Rs. 100 lakhs, prioritizing their safety and protection.
- Discounts on Health Insurance and Wellness Products: Account holders of the Nari Shakti Savings Account can access attractive discounts on health insurance and wellness products, fostering their holistic well-being.
- Attractive Rebates on Locker Facilities: Gold and diamond SB account holders can benefit from alluring rebates on locker facilities, ensuring a secure space for their valuable possessions.
- Complimentary Services for Platinum Savings Account Holders: Account holders attaining platinum status can access a range of complimentary services, enhancing their overall banking satisfaction.
- Special Interest Rates for Retail Loans: Women holding the Nari Shakti Savings Account qualify for preferential interest rates on retail loans, ensuring more accessible and cost-effective borrowing options.
- Exemption from Loan Processing Fees: Women account holders are granted an exemption from bearing any processing charges on retail loans, alleviating their financial obligations further.
- Gratis Credit Card Issuance: Holders of the Nari Shakti Savings Account can avail themselves of a free credit card, offering increased financial flexibility and convenience for various transactions.
An Instrument for Women’s Empowerment
The Nari Shakti Savings Account isn’t merely an ordinary savings solution; it stands as a financial instrument meticulously crafted to empower employed women with an autonomous income. It presents them with the opportunity to achieve self-sufficiency and embrace a greater level of financial independence.
Advocating Social Causes
In a commitment to aid disadvantaged women and young girls, the bank has committed to donating Rs. 10 to the CSR fund for each newly opened Nari Shakti Account. These funds will be allocated to initiatives promoting the socio-economic development of these marginalized communities.