Bank of India launched the 'Nari Shakti Savings Account'

Current Context: The Bank of India launched the ‘Nari Shakti Savings Account’ on Sunday, December 10, 2023. The account was launched by the MD & CEO, Shri Rajneesh Karnatak, in the presence of the Board of Directors at the Head Office in Mumbai.

Here are some key features and benefits of the ‘Nari Shakti Savings Account’:

It offers personal accident insurance coverage up to Rs. 100 lakhs.
It provides discounted health insurance and wellness products.
It offers attractive locker facility rebates for Gold and Diamond SB A/C holders, and free facilities for Platinum SB A/C holders.
It provides free credit card issuance, a higher usage limit of up to Rs. 5.00 lakh on point-of-sale (POS) transactions, and a concessional interest rate on retail loans.
For each new Nari Shakti Account opened, the bank will contribute Rs. 10 to the CSR fund, which will be used to support the socio-economic development of underprivileged women and the girl child.
The account can be opened at all 5132 domestic branches and also through digital platforms.
On a savings account balance of up to Rs 1.00 lakhs, the bank is offering an interest rate of 2.75%. For a savings account balance of above Rs 1.00 lakhs, the bank is promising an interest rate of 2.90%.

Question:

Q.1 Who launched the ‘Nari Shakti Savings Account’?
a. The Finance Minister of India
b. The MD & CEO of the Bank of India
c. The President of India
d. The RBI Governor