Who can open : | - a) Working women /Women with independent source of income (salaried / professionals / self- employed /receiving regulars rentals) in metro / urban /semi-urban centers in the age group of 21 to 60 years.
- b) Account can be opened singly or in joint names. (The first applicant to meet the eligibility criteria)
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Account Specification : | - Savings Bank account with loan facility.
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Balance to be maintained(QAB) : | |
Penal charges for Non Maintenance of QAB : | - Rs. 100/- per quarter + GST
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Rate of Interest : | - Rate of Interest is 3% per annum (w.e.f 01.04.2020)
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Interest Payment Frequency : | |
Mahila Power Features : | - Free Personalized Cheque book (40 leaves per year)
- Free Debit card.
- Free Any branch banking.
- Free Internet banking.
- Free SMS banking.
- Free Personal Accident Insurance cover of Rs.1.00 lakhs.
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Demand Loan : | - Up to 10 times the QAB during the last 2 quarters depending on income.
- Minimum Loan - Rs. 25,000/-
- Maximum Loan - Rs 1 lakh
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Repayment : | |
Surety : | - Spouse / father /mother / any other earning member in the family.
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Other facilities offered : | - E –passbook
- E- mandate
- Missed Call Facility
- Apna-App
- E-purse.
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