Bank of India launched a ‘Nari Shakti Savings Account’ for women aged 18 and up who have an independent source of income. Personal accident insurance coverage of up to 100 lakh, reduced health insurance and wellness goods, rebates on locker facilities for gold and diamond account holders, and free amenities for platinum SB A/C members are all available through the savings account.
“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 contribute Rs. 10/- towards the CSR fund, which will be utilized for the socio-economic development of underprivileged women and the girl child” according to Bank Of India.
Key Highlights Of Bank of India Nari Shakti Savings Account
- Personal Accident Insurance: The account includes personal accident insurance coverage of up to Rs. 100 lakhs, giving financial protection in the event of an unexpected event.
- Discounted Health Insurance: Women can receive subsidized health insurance and wellness goods, ensuring access to inexpensive healthcare.
- Excellent Refunds and Free Services: Gold and Diamond Savings Account customers receive excellent refunds on locker facilities, while Platinum Savings Account holders receive various free services.
- Concessional Loan Rates and Processing Fees: Nari Shakti account holders get access to retail loans at concessional rates and have processing fees waived.
- Free Credit Cards & Higher Use Limits: The account includes free credit card issuance as well as a higher POS use limit of up to Rs. 5.00 lakh.
- Supporting Women’s Empowerment: For each new Nari Shakti account created, the bank pays Rs. 10 to a CSR fund dedicated to the socioeconomic development of poor women and girls.
The Nari Shakti Savings Account can be opened at any of Bank of India’s 5132 domestic branches. It is also easily accessible through the bank’s digital channels.
The Nari Shakti Savings Account provides a complete package of bonuses and features that cater to the special requirements of women, assisting them in achieving their financial objectives and securing a brighter future.
