Nari Shakti Savings Account by Bank of India: Features & Benefits

The Nari Shakti Savings Account is a special savings account designed by Bank of India for women aged 18 and above with an independent source of income. It aims to empower women financially and offers a variety of features and benefits, including:

Financial Security:
  • Personal Accident Insurance: Coverage up to Rs. 100 lakhs in case of accidental death or disability, providing financial support to your family.
  • Discounted Health Insurance: Access to health insurance and wellness products at discounted premiums, ensuring affordable healthcare.
Concessions and Rewards:
  • Attractive Rebates & Free Facilities: Gold and Diamond Savings Account holders get attractive rebates on locker facilities, while Platinum Savings Account holders enjoy free cheque leaves, DD/Pay orders, and RTGS/NEFT transactions.
  • Concessional Loan Rates & Processing Charges: Get retail loans like car loans, housing loans, etc., at lower interest rates and waived processing charges.
  • Free Credit Cards & Higher Usage Limits: Receive a free credit card with a higher usage limit of up to Rs. 5.00 lakh on POS transactions.
Additional Benefits:
  • Girl Child Welfare: Bank of India contributes Rs. 10 towards the CSR fund for girl child welfare for every new Nari Shakti account opened.
  • Free Transactions at BOI ATMs: Unlimited free transactions at Bank of India ATMs.
  • Demat Account AMC Waiver: Enjoy waived annual maintenance charges for your Demat account (Platinum account only).
  • Free Passbook: Issuance of a free passbook upon opening the account.
  • SMS & WhatsApp Alerts: Get free SMS alerts and paid WhatsApp alerts for transactions (free for Gold and above accounts).
  • Accessible to 5132 domestic branches and digital platform of bank of baroda
Account Tiers:
The Nari Shakti Savings Account comes in five tiers: Normal, Classic, Gold, Diamond, and Platinum. Each tier has different minimum average monthly balance (AMB) requirements and offers varying additional benefits like higher personal accident insurance cover, free cheque leaves, and concessional interest rates on loans.

TierMinimum AMBPersonal Accident InsuranceFree Cheque LeavesDiscounted Loan RatesFree Credit CardCredit Card Usage LimitFree Demat AMC WaiverFree PassbookSMS AlertsWhatsApp Alerts
NormalNo minimumRs. 25,000NoNoNoRs. 1.00 lakhNoYesFreePaid
ClassicRs. 2,500Rs. 50,000NoNoYesRs. 2.50 lakhNoYesFreePaid
GoldRs. 5,000Rs. 75,00025YesYesRs. 3.50 lakhNoYesFreeFree
DiamondRs. 10,000Rs. 100,00050YesYesRs. 4.50 lakhYesYesFreeFree
PlatinumRs. 25,000Rs. 100,000100YesYesRs. 5.00 lakhYesYesFreeFree

  • Women aged 18 and above
  • Independent source of regular income
  • Account can be opened singly or jointly