Who can open :
  • a) a) Working women /Women with independent source of income (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 maintained(QAB) :
  • Rs. 2,500 /-
Interest Payment Frequency :
  • Half Yearly
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 QAB :
  • Rs. 100/- per quarter
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.