Bank of India has launched Nari Shakti Savings Account, which will work as an initiative to make women financially self-reliant.
Bank Of India: Bank of India has taken an important step towards empowering women by launching ‘Nari Shakti Saving Account’, a special savings account designed to meet the financial needs of women.
This initiative goes beyond just providing banking services; Its objective is to promote financial freedom and security for women across the country.
What are the main features of Nari Shakti Savings Account?
Personal Accident Insurance Cover
One of the exceptional features of this account is the inclusion of Personal Accident Insurance cover. It provides security to women, ensuring that they and their families are financially secure in case of unexpected accidents. Insurance cover not only provides peace of mind, but also fulfills the need for reliable financial backup for women during challenging times.
Attractive interest rates
Nari Shakti Savings Account offers competitive interest rates, encouraging women to save and grow their wealth. This not only acts as an incentive for account holders but also supports their financial goals by providing a platform for stable and sustainable savings.
Special Financial Education Program
Recognizing the importance of financial literacy, Bank of India has included special financial education programs for women account holders. These programs aim to empower women with the necessary knowledge and skills to make informed financial decisions, manage their resources effectively and plan for a secure future.
Easy access and convenience
The account has been designed to be easily accessible, ensuring that women from all walks of life can benefit from its features. Whether through online banking, mobile apps or traditional banking methods, Nari Shakti Savings Account provides convenience and flexibility in finance management.
How does it provide financial assistance to women?
Financial security
The inclusion of personal accident insurance cover provides a sense of financial security to women. In times of crisis, this support ensures that they and their families are not burdened with unexpected financial challenges.
Empowering economic freedom
By offering competitive interest rates and financial education programs, Bank of India is promoting financial independence among women. It empowers them to take control of their finances, take informed decisions and work towards achieving their financial goals.
Promote saving culture
The attractive interest rates on the account act as an incentive for women to develop a saving culture. This not only helps in an emergency but also allows them to plan for long-term goals like education, home ownership, or retirement.
overcome obstacles
Nari Shakti Savings Account symbolizes our commitment to breaking down the financial barriers that women may face. It sends a powerful message about gender equality in the financial sector and contributes to breaking down stereotypes related to women and finance.
