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KNOW YOUR CUSTOMER (KYC GUIDELINES)

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Corp Mahila Power

Who can open :
  • 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) 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 /-
Penal charges for Non Maintenance of QAB :
  • Rs. 100/- per quarter + ST
Rate of Interest :
  • 4 % p.a. ( As applicable to Savings Bank Account)
Interest Payment Frequency :
  • Quarterly
Mahila Power Features :
  • Free Personalized Cheque book (40 leaves per year)
  • Free Debit card.
  • Free Any branch banking.
  • Free Internet banking.
  • Free SMS banking.
  • Free Personal Accident Insurance cover of Rs.1.00 lakhs.
Demand 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.
Other facilities offered :
  • E –passbook
  • E- mandate
  •  Missed Call Facility
  •  Apna-App
  • E-purse.

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