Bharatiya Mahila Bank
Bharatiya Mahila Bank Ltd is the first of its kind in the Banking Industry in India formed with a vision of economic empowerment for women. Incorporated under the Companies Act 1956 on 5 August 2013, the Bank received the certificate of commencement of Business on 22 August 2013 and the Banking License from RBI on 25 September 2013. The Bank’s Corporate Office is at the IFCI Towers, 9th floor, Nehru Place, New Delhi.
Launched in 2013, the Bank has carved a niche for itself as a pan India Bank and presently, has over 100 branches across the country.
The Savings Bank rate of interest for Rupees One lakh and above is 5% and for amount less than Rs. One lakh, the interest rate is 4.5%. The Bank has designed many women centric products keeping in mind the core strengths of women to enable them to unleash their hidden potentials, engage in economic activities and contribute to the economic growth of the country. Most of the products are offered with a concession in the rate of interest for women customers.
The Bank offers BMB Smart banking – the internet banking facility with many value-added features. The customers can open Recurring Deposits, Fixed Deposits etc. through internet banking. When in need, they can also access such Fixed Deposits to avail premature facility.
The Bank also conducts programmes on financial literacy, skill development, training for women of all segments of the society so that women in turn generate more income, more jobs and growth opportunities and contribute significantly for the economic growth of the nation.