Kochi: Coinciding with the International Day of Girl Child, Federal Bank has launched a special offer for young girls opening accounts with the Bank. As per the offer, Young Champ savings accounts (featured with Debit Card and Net banking Facility) that are opened in the name of girls during the period October 10 to 17 will be eligible for a special accident Insurance cover of Rs. 2.00 lakhs in the name of the guardian.
According to a press note, the Bank will bear the premium and the insurance protection will last for a period of one year. The Insurance cover will be for the guardian with the girl child being the nominee. Additionally, the girl children who open the account during this period will also receive a surprise gift from the Bank.
Announcing the offer, K A Babu, Retail Business Head, said, “The Bank is committed to the empowerment of the girl child. We expect that at least 10,000 girl children will benefit from this special offer”.
With a branch network of 1,251 branches and 1,521 ATMs spread across the country, the Aluva based Federal Bank is a leading Private Sector Bank in the country. The Bank’s total business mix (deposits + advances) stands at Rs. 1.22 lakh crores as at March 31, 2015 and it has earned a net profit of Rs. 1,005.75 crores.
Kerala Biz News