Mumbai, December 11, 2023: Bank of India, a leading Public Sector Bank in India, launched its Nari Shakti Savings Account at the hands of MD & CEO, Shri Rajneesh Karnatak, in the gracious presence of the Board of Directors at the Head Office in Mumbai. This exclusive Savings Bank Product is aimed at catering to women aged 18 and above with an independent source of income.
The Savings Account offers enriched privileges and features, embedded with Personal Accident Insurance cover as high as Rs. 100 lakhs, discounted Health Insurance & Wellness products, attractive rebates on locker facilities for Gold & Diamond SB A/C holders, and free facilities for Platinum SB A/C holders. Additionally, it offers a concessional rate of interest on Retail Loans, a waiver of processing charges on Retail Loans, free issuance of Credit Cards, and a higher usage limit of up to Rs. 5.00 lakh on POS.
The Nari Shakti Savings Account is conceptualized as a financial savings tool to support working women with an independent source of income, enabling them to become self-reliant and enjoy a higher degree of financial freedom. For each New Nari Shakti Account opened, the bank will make a contribution of Rs. 10/- towards the CSR fund, which will be utilized for the socio-economic development of underprivileged women and the girl child.
The Nari Shakti Savings Account can be opened at all 5132 domestic branches and also through digital platforms.