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India's First Women Bank Bharatiya Mahila Bank Ltd.

Bharatiya Mahila Bank Ltd is the first of its kind in the Banking Industry in India formed with a vision of economic empowerment for women. Incorporated under the Companies Act 1956 on 5 August 2013, the Bank received the certificate of commencement of Business on 22 August 2013 and the Banking License from RBI on 25 September 2013. The Bank’s Corporate Office is at the IFCI Towers, 9th floor, Nehru Place, New Delhi .

The Bank was inaugurated on 19 November 2013 by Hon’ble Prime Minister of India, Dr.Manmohan Singh and Smt Sonia Gandhi, Chairperson, UPA. The Bank’s seven branches one each in Mumbai, Kolkata, Chennai, Ahmedabad, Bangalore, Guwahati and Lucknow were inaugurated simultaneously. Two branches one each in Delhi and Indore will also be operational soon. The Bank will also open branches in all the State capitals and rural areas in a phased manner. While the Bank will be focussing on the entire pyramid of Indian women, special attention will be given to economically neglected, deprived, discriminated, underbanked, unbanked, rural and urban women to ensure inclusive and sustainable growth. The Bank with a team of professionals with rich experience and expertise has designed and developed new products and services to suit the needs of women of all segments including Self Help Groups, women entrepreneurs, salaried women, HNIs and Corporates.

The Savings Bank rate of interest for Rupees One lakh and above is 5% and for amount less than Rs. One lakh, the interest rate is 4.5%. The interest for deposits of one year is 9%. With working women in mind, the Bank has designed a special loan product for creating an efficient kitchen. Educational loan, loan for day care centres, vehicle loan, home loan are some of the other loan products that have been designed for the benefit of women. The Bank will also conduct programmes on financial literacy, skill development, training for women of all segments of the society so that women in turn generate more income, more jobs and growth opportunities and contribute significantly for the economic growth of the nation.

The Bank with an all women Board of Directors is headed by Mrs. Usha Ananthasubramanian as Chairman and Managing Director of the Bank. The Bank has become operational within a short span of time after the announcement was made by Hon’ble Finance Minister Shri P Chidambaram in his budget speech. The Bank has been allocated with an initial capital of Rs. 1000 Crores.

Visit us at our branches across India
  • Mumbai - Ground Floor (Towards Trident Hotel), Air India premises, Air India Building, Nariman Point, Mumbai - 400 021
  • Chennai - Ground Floor, SIDBI Chennai, Overseas Towers, 756-L, Anna Salai, Chennai - 600 002
  • Kolkata - Apeejay House, 15, Park Street, Kolkata - 700 016
  • Bengaluru - IFCI Bhawan, 2, Cubbonpet Main Road, NR Square (Hudson Circle), Bengaluru - 560 011
  • Ahmedabad - IFCI Bhawan, CG Road, Bodyline Churasta, Near Lal Bungalow, Ahmedabad - 380 006
  • Guwahati - IFCI, Christian Baste, Guwahati - Shillong Road, Guwahati - 781 005
  • Lucknow - UTI Tower, Ground Floor, Regency Plaza, 5 Park Road, Opp. Civil Hospital, Hazrat Ganj, Lucknow - 226 001

To be opened shortly
  1. Delhi - IFCI Tower, 61, Nehru Place, New Delhi - 110 019
  2. Indore - SBI Main Branch Complex, New GPO, AB road, Indore - 452 001
Visit Official Website of Bharatiya Mahila Bank Ltd.

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