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  • Mahila Power

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    Satya Prasad
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    Mahila Power is a savings bank account for working women between 21-60 years old in metro, urban and semi-urban areas of India. It requires maintaining a minimum balance of Rs. 2,500 and offers features like cheque book, debit card, internet banking, SMS banking, and Rs. 1 lakh personal accident insurance. It also provides the MPower Take Off loan, which allows borrowing up to 10 times the quarterly average balance in the last 2 quarters, with a minimum loan of Rs. 25,000 and maximum of Rs. 1 lakh to be repaid over 24 installments with a family member as surety.

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    Mahila Power is a savings bank account for working women between 21-60 years old in metro, urban and semi-urban areas of India. It requires maintaining a minimum balance of Rs. 2,500 and offers features like cheque book, debit card, internet banking, SMS banking, and Rs. 1 lakh personal accident insurance. It also provides the MPower Take Off loan, which allows borrowing up to 10 times the quarterly average balance in the last 2 quarters, with a minimum loan of Rs. 25,000 and maximum of Rs. 1 lakh to be repaid over 24 installments with a family member as surety.

    Copyright:

    © All Rights Reserved
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    28 visualizzazioni1 pagina

    Mahila Power

    Caricato da

    Satya Prasad
    Mahila Power is a savings bank account for working women between 21-60 years old in metro, urban and semi-urban areas of India. It requires maintaining a minimum balance of Rs. 2,500 and offers features like cheque book, debit card, internet banking, SMS banking, and Rs. 1 lakh personal accident insurance. It also provides the MPower Take Off loan, which allows borrowing up to 10 times the quarterly average balance in the last 2 quarters, with a minimum loan of Rs. 25,000 and maximum of Rs. 1 lakh to be repaid over 24 installments with a family member as surety.

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    © All Rights Reserved
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    Mahila Power

     a) a) Working women /Women with independent source of income


    Who can open :
    (salaried / professionals / self- employed /receiving regulars rentals)
    in metro / urban /semi-urban centers in the age group of 21 to 60
    years.
     b) b) Account can be opened singly or in joint names. (The first
    applicant to meet the eligibility criteria)
    Account Specification :  Savings Bank account with loan facility.
    Balance to be
     Rs. 2,500 /-
    maintained(QAB) :
    Interest Payment
     Half Yearly
    Frequency :
    Mahila Power Features : Free
     Personalized Cheque book
     Debit / ATM card.
     Any branch banking.
     Internet banking.
     SMS banking.
     Personal Accident Insurance cover of Rs.1.00 lakhs.
    Special Add-on :  No annual service charges for SMS Banking and Debit Card.
    Non Maintenance of
     Rs. 100/- per quarter
    QAB :
    Features of MPower Take Off Loan
    Quantum of Loan :  Up to 10 times the QAB during the last 2 quarters depending on
    income
     Minimum Loan - Rs. 25,000/-
     Maximum Loan - Rs 1 lakh
    Repayment :  Maximum 24 EMIs
    Surety :  Spouse / father /mother / any other earning member in the family.

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