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, designed to make financial planning and investments easy for women.
Notable features of 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
Women are also encouraged to open Savings Accounts in the names of their minor children through the provision of 2 Zero Balance Savings Accounts.