Bank of Baroda introduced special offerings to celebrate International Women’s Day, extending exclusive benefits to its female customers who opt for the bob Mahila Shakti Savings Account or the bob Women Power Current Account.
These accounts cater specifically to women and come with incentives for those opening accounts until June 30, 2024, and availing of loan facilities until December 31, 2024.
The bob Mahila Shakti Savings Account and the bob Women Power Current Account present a range of advantages for women account holders. There are interest rate concessions of up to 25 basis points on various retail loans, including 0.25% on two-wheeler loans, 0.15% on education loans, and 0.10% on auto loans, home loans, and mortgage loans.
Also, women customers can enjoy a complete waiver of processing charges on retail loans, including personal loans, and a 50% discount on Annual Safe Deposit Locker charges.
Going beyond conventional savings, the bob Mahila Shakti Savings Account offer for women customers include a complimentary RuPay Platinum Debit Card with a Personal Accident Insurance Cover of up to Rs 2 lakh, free access to Domestic Airport Lounges (2 per quarter), free SMS Alerts, 30 free cheque leaves annually, and an Auto Sweep facility.
On the other hand, the bob Women Power Current Account caters specifically to women entrepreneurs and businesses with women as beneficial owners. This account provides enhanced privileges and features to support women-led businesses. Some of these advantages include concessions in Cash Deposit charges, complimentary 2 Soundbox with QR code and 1 POS/MPOS, collateral-free overdraft facility up to Rs 25 lakh, free RTGS/NEFT/IMPS/UPI through online mode, sweep facility, and a lower Monthly Average Balance requirement of just Rs. 10,000.
