State Bank of India (SBI), the country’s largest public sector bank, has introduced special financial benefits for women on the occasion of International Women’s Day
To support women entrepreneurs, the bank launched a new product called ‘Asmita’, which provides unsecured loans at low-interest rates.
This initiative aims to help women access funds more easily and grow their businesses.
New ‘Nari Shakti’ Debit Card Introduced
SBI Chairman CS Shetty stated that these offerings will make it easier for women-led micro, small, and medium enterprises (MSMEs) to get quick loans.
The bank’s Managing Director Vinay Tonse highlighted that this move represents both technological innovation and social equality.
Additionally, SBI introduced the ‘Nari Shakti’ Platinum Debit Card, powered by RuPay, specifically designed for women.
This card is meant to offer enhanced banking benefits and convenience.
Bank of Baroda’s Special Offer for Women
Apart from SBI, Bank of Baroda (BOB) has also announced a special gift for women of Indian origin.
The bank launched the ‘BOB Global Women NRE and NRO Savings Account’, which offers:
Higher interest rates on deposits
Lower processing fees for home and vehicle loans
Discounts on locker rentals
BOB is the first public sector bank to introduce such an account for women account holders.
The bank has also enhanced its BOB Premium NRE and NRO Savings Account, offering improved benefits for Non-Resident Indian (NRI) customers.
Exclusive Benefits for Women Customers
BOB Executive Director Bina Waheed stated that the BOB Global Women NRE and NRO Savings Account is designed to meet the needs of modern Indian women worldwide. The account provides premium banking privileges, such as:
A customized debit card with higher transaction limits
Complimentary access to domestic and international airport lounges
Free safe deposit locker
Personal and air accident insurance coverage
With these new initiatives, SBI and BOB aim to empower women financially and provide them with exclusive banking benefits.
