ESAF SFB's "Rainbow Savings Account"

Published on September 08, 2022
Current Context: To promote a trans-friendly and inclusive culture, the ESAF Small Finance Bank (SFB) has launched "Rainbow Savings Account", specifically for the transgender community.
ESAF SFB's "Rainbow Savings Account"
  • The inaugural event was launched by the bank in collaboration with Navodaya Movement.
  • To achieve the goal of financial inclusion of the trans-community, the savings account will have a high rate of interest.
  • It will also have advanced debit card capabilities along with default credit of interest.
  • ESAF is a Small Finance Bank that was established in 2017 with its headquarters in Thrissur, Kerala. The current MD and CEO of the bank are Kedambelil Paul Thomas.

Question:

Q.1 The "Rainbow Savings Account" launched by the ESAF-SFB is for?
a. Infants
b. Senior Citizens
c. Transgender Community
d. Divyangs
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