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Bank of India launched the 'Nari Shakti Savings Account'

Published on December 13, 2023
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.
Bank of India launched the 'Nari Shakti Savings Account'
  • 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

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