'Nari Shakti Savings Account' caters to women aged 18 and above with an independent source of income that offers personal accident insurance cover as high as ₹100 lakh, discounted health insurance and wellness products, rebates on locker facilities for gold and diamond account holders, and free facilities for platinum SB A/C holders.Which bank has launched it ?

Solution

Bank of India has launched 'Nari Shakti Savings Account' catering to women aged 18 and above with an independent source of income. The savings account offers personal accident insurance cover as high as ₹100 lakh, discounted health insurance and wellness products, rebates on locker facilities for gold and diamond account holders, and free facilities for platinum SB A/C holders.Additionally, it offers a concessional rate of interest on retail loans, a waiver of processing charges on retail loans, free issuance of credit cards, and a higher usage limit of up to ₹5 lakh on POS.