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Federal Bank launches an exclusive scheme for women

December 03, 2021

Federal Bank launches an exclusive scheme for women

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.

Women are also encouraged to open Savings Bank accounts in the names of their minor children through the provision of 2 zero balance savings accounts.

Speaking on the occasion, Shalini Warrier, Executive director, Federal Bank said, “Mahila Mitra plus is our latest offering, and has been specially created for women. The features of the product are designed to empower women for taking their own decisions and contributing to the overall growth of the nation’s economy”.

Gender Diversity is one of the themes under the ESG goals of federal bank and with the launch of Mahila Mitra plus, Federal Bank has taken an important step forward in the mission to enhance women empowerment in the nation.

Shares of the Federal Bank Ltd was last trading in BSE at ₹ 88.80 as compared to the last closed at ₹ 88.60. the total number of shares traded during the day was 1225138 in over 5679 trades.

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