Specifically designed for women aged 18 and above with an independent source of income.
The account aims to empower working women, promoting financial self-reliance and increased freedom.
For each new Nari Shakti Account opened, the bank will contribute Rs. 10/- to the CSR fund, dedicated to the socio-economic development of underprivileged women and girls.
Key features and benefits of the Bank of India Nari Shakti Savings Account include:
The account offers enhanced privileges, including a Personal Accident Insurance cover of up to Rs 1 crore
Privileges and Features
Concessional interest rates on Retail Loans, a waiver of processing charges on Retail Loans, and free issuance of Credit Cards are provided.
Financial Incentives
Account holders enjoy a higher usage limit of up to Rs 5 lakh on Point of Sale (POS) transactions.
POS Usage Limit
The Nari Shakti Savings Account can be opened at all 5132 domestic branches of Bank of India and through digital platforms.
Accessibility
This initiative not only aims to offer financial services tailored to women's needs but also contributes to social responsibility through the CSR fund.