STATE TIMES NEWS
JAMMU: Bharatiya Mahila Bank on Friday inaugurated two branches in Chennai on Thursday one in Rangarajapuram and another in Pallavaram.
Inaugurating the branches, Executive Director, BMB, S.M Swathi said the bank has several women centric products to cater to the needs of the entire pyramid of women – women in corporate sector, women entrepreneurs, women SHGs, women JLGs and individuals. To encourage more women to integrate into the economic mainstream as women entrepreneurs, the bank offers collateral free loans of upto Rs. 1 crore, covering the same under CGTMSE, said Swathi.
Emphasising the need for financial literacy for all segments of women, Swathi said that the bank conducts Financial Literacy Camps on the last day of every week, through all its branches.
BMB Her Auto – Loan for women auto drivers, BMB Annapurna – Catering Service Loan, BMB Parvarish- Child Day Care Centre Loan and BMB Shringaar- Beauty Parlour Loan are some of the women centric loan products offered by the bank.
The bank’s customer friendly Mobile Banking App – BMB m-Xpress is an easy to use mobile banking app, Swathi said and can be downloaded from Google playstore. BMB Smartbanking, the Internet Banking Facility of the Bank, has several value added features including opening of FDs and RDs online. The Bank is on UPI (Unified Payments Interface) also0. The Bank also provides women centric insurance products. The Bank offers Government Social Security Schemes.
While the focus is on Economic Empowerment of Women, the Bank’s products, services and facilities can be availed by men as well. The Bank offers 4.5 per cent interest for Savings below Rupees One Lakh and five per cent for the entire balance for amount above Rs 1 Lakh.
In Tamil Nadu, the bank already has branches at Chennai, Coimbatore, Madurai, Kancheepuram and Tiruchirappalli. In Andhra Pradesh, Telangana, Karnataka and Kerala, the bank has 5, 4, 7 and 7 branches respectively.
