Bank of India Unveils Exclusive Nari Shakti Savings Account For Financial Independence, Benefits Explained

Bank of India: Nari Shakti Savings Account is now available through Bank of India. According to the Public Sector Bank, this exclusive savings bank product is designed to serve women who are at least 18 years old and have a stable source of income.

Empowering Financial Independence

"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", Bank Of India said.

Health and Wellness Privileges

According to BOI, the Savings Account offers enhanced benefits and features, including discounted health insurance and wellness products, free facilities for Platinum SB A/C holders, attractive rebates on locker facilities for Gold and Diamond SB A/C holders, and personal accident insurance coverage up to Rs 1 crore.

Retail Loan Benefits

It also provides free credit card issuance, a lower usage cap of up to Rs 5 lakh on point-of-sale (POS) transactions, and a concessional interest rate on retail loans. All 5132 domestic branches as well as online platforms offer the Nari Shakti Savings Account.

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