This Women’s Day, Bank of Baroda bats for the Financial Empowerment of Women with “Special Offers on Savings & Current Accounts”

Women customers can avail Preferential Interest Rates on Retail Loans, 100% Waiver on Processing Charges, 50% discount on Locker Charges & Other Benefits on opening

bob Mahila Shakti Savings Account or bob Women Power Current Account

Bangalore, 7th March 2024 On the occasion of International Women’s Day, Bank of Baroda (Bank), one of India’s leading public sector banks announced attractive offers and benefits for its women accountholders on the opening of either a bob Mahila Shakti Savings Account or a bob Women Power Current Account – accounts designed specifically for women. This offer is applicable for accounts opened till June 30, 2024 and loan facilities availed till December 31, 2024.

The bob Mahila Shakti Savings Account and the bob Women Power Current Account now come with a bundle of offers exclusively for women including up to 25 basis points interest rate concession on Retail Loans (concession of 0.25% on two-wheeler loan, 0.15% on education loan, 0.10% on auto loan, home loan and mortgage loan); complete waiver of processing charges on retail loans (including personal loans) and a 50% discount on Annual Safe Deposit Locker charges.

Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “Bank of Baroda has been a trusted banking partner to generations of women. On this International Women’s Day, we are pleased to extend our support to women and women-led enterprises and champion their journey towards financial empowerment and independence with a range of tailored offerings that provide enhanced value.”

The bob Mahila Shakti savings account goes beyond savings to offer customers a free RuPay Platinum Debit Card with Personal Accident Insurance Cover up to Rs 2 lakh, free Domestic Airport Lounge access (2 per quarter), free SMS Alerts, 30 free cheque leaves per year and an Auto Sweep facility.

The bob Women Power current account is a dedicated current account tailored for women entrepreneurs and businesses with women as beneficial owners. The bob Women Power current account provides women entrepreneurs with enhanced privileges and features to support their businesses such as concession 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 Rs. 10,000 only, among many other advantages.

Key features of the bob Mahila Shakti Savings Account:

Concessional Interest Rates on Retail Loans (concession of 0.25% on two-wheeler loan, 0.15% on education loan, 0.10% on auto loan, home loan and mortgage loan)
100% discount on processing charges on retail loans – Personal Loans, Auto/two-wheeler Loans, Education Loan, Home Loan, Mortgage Loan
50% discount on Annual Safe Deposit Locker charges
Free issuance of RuPay Platinum Debit Card with attractive offers on leading brands with Free Personal Accident Insurance Cover up to Rs 2 lakh
Complimentary Domestic Airport Lounge access (2 per quarter)
Free 30 cheque leaves per year
Free SMS Alerts
Auto Sweep Facility available

Key features of the bob Women Power Current Account:

Concessional Interest Rates on Retail Loans (concession of 0.25% on two-wheeler loan, 0.15% on education loan, 0.10% on auto loan, home loan and mortgage loan)
100% discount on processing charges on retail loans – Personal Loans, Auto/two-wheeler Loans, Education Loan, Home Loan, Mortgage Loan
50% discount on Annual Safe Deposit Locker charges
Concession in Cash Deposit Charges up to Rs 1,00,000/- per day subject to 10 times of MAB
Free 2 Soundbox with QR code and 1 POS/MPOS
Collateral free Overdraft up to Rs 25,00,000/-
Free RTGS/NEFT/IMPS/UPI (through online mode)
Auto Sweep Facility available
Free 50 cheque leaves
VISA Vyapar DI Debit Card
Lifetime Free Corporate Credit Card (subject to eligibility)
Curated Baroda Cash Management Services & Internet Payment Gateway (IPG) Facility available
Monthly Average Balance of Rs 10,000/-

For details and to apply for the bob Mahila Shakti Savings Account, click here.

For details and to apply for the bob Women Power Current Account, click here.