Mon. Jan 17th, 2022

Federal Bank Mahila Mitra Plus launched with exclusive features for women; know more

Federal Bank Mahila Mitra Plus

Federal Bank, as part of its women empowerment agenda, launched a feature-rich savings bank product for women. The savings scheme is called Mahila Mitra Plus and provides a curated set of features. Federal Bank Mahila Mitra Plus comes with exclusive features for women; know more designed to make financial planning and investments easy for women. 

 

Features of Federal Bank Mahila Mitra Plus include:

  1. Exclusive preferential interest rates on housing loans
  2. Complimentary and customized insurance cover
  3. Processing fee waiver for home loans, and myriad other features

 

Moreover, women are also encouraged to open Savings Accounts in the names of their minor children through the provision of 2 Zero Balance Savings Accounts. 

 

Speaking on the occasion, Shalini Warrier, Executive Director, Federal Bank said, “Mahila Mitra Plus is our latest offering, and has been specially created for women. The features of the product are designed to empower women for taking their own decisions and contributing to the overall growth of the economy.” 

 

Gender diversity is one of the themes under the environmental, social and corporate governance (ESG) goals of the bank.  With the launch of Federal Bank Mahila Mitra Plus, the bank has further  add value to its ESG goals through taking a significant step forward in women empowerment in India. 

 

Federal Bank is among leading Indian private sector banks with a network of 1,289 banking outlets and 1,957 ATMs/Recyclers spread across the country.  The bank has its representative offices at Dubai and Abu Dhabi that serve as a nerve center for non-resident Indian customers in the UAE.  The Mahila Mitra scheme reflects Federal Bank’s well-defined vision for the future as a guidepost to its progress.

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