Bank of Baroda introduces special benefits for its women account holders in celebration of International Women’s Day. The offer extends to accounts such as the BoB Mahila Shakti Savings Account or the BoB Women Power Current Account opened before June 30, 2024, with loan facilities utilized by December 31, 2024, as stated by the bank.
These accounts offer exclusive benefits for women, including up to a 25 basis points interest rate reduction on retail loans (with a 0.25 percent reduction on two-wheeler loans, 0.15 percent on education loans, and 0.10 percent on auto loans, home loans, and mortgage loans). Additionally, processing charges on retail loans, including personal loans, will be entirely waived, and there will be a 50 percent discount on annual safe deposit locker charges, according to the statement released by Bank of Baroda.
Debadatta Chand, MD and CEO of BoB, expressed the bank’s commitment to supporting women and women-led enterprises on this International Women’s Day. He emphasized the bank’s dedication to empowering women financially and facilitating their journey toward independence with tailored offerings aimed at providing added value.
