The Bank of India has introduced a one-of-a-kind account named Nari Shakti Savings Account to for women aged 18 and above who possess an independent source of income. This account is meant to boost women’s finances and make way for financial enhancement.
Why choose the Nari Shakti Savings Account?
The Public Sector Bank has brought this monetary instrument to provide women with increased financial freedom. Women will get to reap benefits like personal accident cover, health insurance, locker facility, complimentary credit card, and exemption on loan processing fees with the Nari Shakti Savings account.
This initiative by the Bank of India aims to enhance economic well-being and promote the social development of underprivileged girls and women. The bank is also set to put Rs. 10/- towards its Corporate Social Responsibility (CSR) funds with each account addition to the Nari Shakti Saving account. For the convenience of potential account holders, all 5132 domestic branches and digital platforms will provide access to the Nari Shakti Saving Account.
Unlock These Benefits with the Nari Shakti Savings Account
- Accidental Insurance Cover:
Women account-holders can receive personal accident insurance coverage of up to Rs. 100 Lakhs through the Nari Shakti Savings Account. This account offering provides a sense of security to the women in possession of the account.
- Health Insurance & Wellness at Discounted Prices:
Not just accident insurance cover, but this account keeps women’s overall health and wellness at the centre by providing compelling discounts on health insurance and wellness products.
- Locker Perks at Lower Prices:
Women with Gold and Diamond Savings Accounts can avail of locker perks at lower cost and maximise the safety of their belongings.
- Complimentary Credit Card:
Account holders can enjoy smooth transactions and enhanced financial flexibility with the free credit card issued for the account.
- High POS transaction Limit:
The Nari Shakti Savings Account offers unmatched convenience with an expanded Point-of-Sale (POS) usage limit of up to Rs. 5 Lakhs, facilitating effortless transactions for large purchases.
- Exempted Retail Loan Processing Fees:
Maximising the benefits of the Nari Shakti Savings Account, there are no processing charges levied on retail loans for the women account holders, allowing women to borrow at cost-effective rates.
- Special Interest Rates on Retail Loans:
Women holding the Nari Shakti Savings Account qualify for a unique concessional interest rate on retail loans, ensuring more affordable and accessible borrowing opportunities for them.
- Platinum SB account, Premium Benefits:
Platinum SB account holders get to experience the added benefit of multiple free facilities, multiplying the good banking experience.
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